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South Africa: German Property Company Deutsche Konsum Heads for the JSE

south africa german property company deutsche konsum heads for the jse
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Deutsche Konsum REIT-AG, a German property company with real estate investment trust (REIT) status in Germany, will debut on the JSE’s main board on 8 March with a secondary listing. Not everyone is impressed.

Like Sirius Real Estate, Schroder Pan European, EPP, Hammerson and Globe Trade Centre, which all have secondary listings on the JSE, Deutsche Konsum REIT hopes to appeal to South African investors’ appetite for offshore property investments.

The company will list in the Retail REITs sector of the JSE under the abbreviated name DKR. With a market capitalisation of about €557-million, the company invests in convenience retail properties in micro-locations in the central and regional areas of Germany outside of major cities and is listed on the Frankfurt Stock Exchange.

The DKR real estate portfolio will consist of 165 convenience retail properties with a market value of about €829-million.

The company was formed by Rolf Elgeti, a former London-based analyst who saw an opportunity in German real estate and moved there in the early 2000s.

The investment focus across DKR is on non-cyclical retail tenants, such as food retailers, retail warehouse stores, drugstores and the like which provide “essential” services and goods to consumers.

“This has made…

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eSim: The dark secrets of virtual SIM [2021 version]

esim the dark secrets of virtual sim 2021 version
can we hack esim

Your eSim is your security risk?

Happy Humpday, fellows! Did you miss us last Friyay? If you do – or – didn’t, in either case, we missed y’all. 

Anyways, let’s check your learning from series 01 article. Did we mention, ESIM is not easy to hack or is it easy? 

Time’s up! We mentioned that ESIM is not easy to hack yet do you still think hackers will let you live in peace? Unfortunately, no. However, if you have already secured yourself, let’s gear your security level further, if you have an eSim. 

How can eSim be hacked?

Hint – If anyone wants to alter the user profile, embedded SIMs can be configured to request verification from an operator. This application could only come from the user, but a hacker with a lost phone could be able to modify the profile successfully.  

So, a lost phone could lead to an easy switch? This is arguable, as some individuals would consider that eSim cannot be cropped out, so inserting a new sim is impossible, thus hackers cannot obtain operator’s verification for new profile requests.

The argument is legit and it is deemed that eSim offers higher security when compared to a physical sim card solution. Ever hack offers a supporting actor that perpetuates the wrongdoing conducted by the wrongdoer or bad actor. 

Artsy hackers will still continue to transfer the numbers to new devices by giving IMEI, yet, convincing lazy or unmotivated representatives to follow the dictated rules. These reps are looking for customer satisfaction, but due to little to no probing or qualification, they end up pleasing criminals. 

Physical SIM cards, or embedded, these are only one route for criminals to gain access to mobile phones. Amazon CEO Jeff Bezos’ phone was reportedly hacked by a video sent to him through WhatsApp, making him one of the most high-profile victims of data theft. The video contained malware that infiltrated Bezos’ iPhone, according to UN investigators.

Bonus – Connecting Cellular Data on your Windows through eSim

A computer with Windows 10, 1703 version or later installed. 

  • Select the Start button, then Settings > System > About, in order to see which version of Windows 10 your computer is running. 
  • A computer with a built-in eSIM. Here’s how to see if your computer has an embedded SIM: 
  • After pressing the Start button, go to Settings > Network & Internet > Cellular. 
  • Look for a connection near the bottom of the Cellular screen that says or asks for eSim profiles management. If there is a link, this means your PC has an embedded SIM.

Once you’ve worked on your eSim profile, you’ll need to:

  • Click on the Settings > Network & Internet > Cellular > Manage eSIM profiles from the Start menu. 
  • Select the desired eSIM profile under eSIM profiles and afterwards select Use. 
  • Select ‘Yes’ for the option that asks to continue the function. This will use your data plan’s cellular data and may result in charges. 
  • You’ll be good to go after connecting to a cellular data network.

The End. Thank YOU!

Source

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Nigeria: Naira Gains At Parallel Market

nigeria naira gains at parallel market
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The currency lost at the I&E window.

Nigeria’s naira fell against the U.S. dollar at the Investors & Exporters (I&E) window of the foreign exchange market on Tuesday, data from the FMDQ Security Exchange where forex is officially traded showed.

However, the currency strengthened significantly on the parallel market .

Naira closed at N411.63 at the trading session of the I&E window on Tuesday. This represents a N2.33 or 0.57 per cent depreciation from N409.30, the rate at which it closed at the previous session on Monday.

This occurred as the local currency witnessed an intraday high of N388.25 and a low of N415.00, before closing at N411.63 on Monday.

The depreciation of the domestic currency happened as turnover increased by 142.7 per cent, with $59.17 million recorded as against the $24.38 million posted on Monday.

However, on the unofficial market, data posted on abokiFX.com, a website that collates parallel market rates in Lagos showed the domestic currency strengthened against the greenback currency on Tuesday.

According to the data posted, the currency closed at N480.00, this represents N2.00 or 0.42 per cent appreciation from N482.00, the rate it exchanged in the previous session on Monday.

By this, the spread between the unofficial market and the I&E window exchange rate is pegged at N68.37, which translates to a gap of 14.20 per cent.

The CBN’s official rate on Tuesday was still N379 per dollar.

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Tanzania: Foreign Investors’ Participation On Dar Exchange Rises

tanzania foreign investors participation on dar exchange rises

FOREIGN investors were net sellers during the week that ended on 26th February 2021 as a load was traded on the TBL counter. TBL saw zero transactions for the better part of the week, until Friday when a prearranged block of 491,409 shares was traded at a price of 5,000/- per share.

The block was sold by foreign investors and bought by locals, hence raising foreign participation to 94.43 per cent on the selling side.

The net outflow during the week was $1.06mln. Locals accounted for 99.82 per cent of the total investments. The total equity turnover for the week amounted to TZS 2.6bln ($1.13mln), which was 278 per cent higher than the previous week, thanks to the prearranged transaction on the TBL counter.

TBL accounted for 94 per cent of the total equity turnover for the week while CRDB and JATU followed with 2.8 per cent and 2.1 per cent respectively. Activities on the CRDB counter slightly lowered as the market finds its footing with the circular by the Bank of Tanzania.

The average trading price for the bank has been lower than the official closing price but due to lowered activities on the counter, the volume has not been enough to alter the price. CRDB has moved 347,463 shares during the week, realizing a weighted average price of 208.77/- for the week while the official closing price is still 220/-. The price of JATU is now finding its balance between 1,800/- and 2,000/-.

The counter moved 29,395 shares during the week, while the weighted average price realized was 1,898.74/-. The price was still bullish at the beginning of the week and took an about turn on Wednesday to end the week on a bearish mode. The counter entered the week at 1,720/- and closed the week at 1,860/-. The net appreciation was 9.3 per cent. Both indices faced down during the week under review as prices were retreating.

The Tanzania Share Index (TSI) lost a 0.44 point as a result of a decline of the price of DSE. DSE traded 16,076 shares, realizing a weighted average price of 1,072.6/- while closing the week at a price of 1,040/- from the previous week’s 1,100/-. The decline on the DSE counter was enough to offset the appreciation of JATU, for the TSI to close on a net bear.

The All Share Index (DSEI) also lost 9.62 points following a decline of the giants, East African Breweries (EABL) and KCB Bank (KCB) by 1.13 per cent and 2.41 per cent respectively. National Media Group (NMG) rose by 24.07 per cent following the news of a share buyback programme announced by the company during the week.

The company announced that it’s looking to buy back up to 10 per cent of its shares listed on the Nairobi Stock Exchange. Usually a buyback programme indicates confidence a company has on its prospects relative to the valuation of its shares on the open market.

When a company believes its shares are undervalued, the company may opt to buy back the shares at market prices, and the news usually props up the prices of the company in question. The buyback news comes two weeks after NMG launched a premium section of its digital platform Nation.Africa, where consumers shall access exclusive, in-depth and analytical content for a fee.

NMG initially launched the digital platform in August 2020, and now has launched the premium section. Given the news and the announced share buyback programme, NMG is displaying confidence on the future of the company. It is believed that, the bullish trend of the U.S market on the better part of the last 10 years is on the back of share buyback programmes.

Late last year Dangote Group announced that they will be buying back up to 10 per cent of its shares, and has now already bought about 0.4 per cent. The DSEI at the end of the week stood at 1,844.09 points while the total market capitalization was TZS 15,320.86bln ($6.63bln).

The TSI closed the week at 3,508.81 points and correspondingly the domestic market capitalization dropped by a marginal 0.012 per cent to a total of TZS 9,225.45bln ($3.99bln). Market, Bills and Bond The week had only three reported trading sessions on the Interbank Cash Market (IBCM), similar to the previous week.

The total value of transactions for the week fell by more than half while the interbank rate plunged, indicating tightening liquidity in the banking sector. The total weekly transactions amounted to TZS 18.9bln ($8.18mln). The interbank rate went up by 100bps to 4.5 per cent.

Currency Market The value of transactions on the Interbank Foreign Exchange Market (IFEM) went up by 11.8 per cent to a total of $4.46mln as the shilling held ground.

The shilling maintained resilience with a slight appreciation by a pip. The shilling has already depreciated by more than 25 pips since the second week of January, which was the last week with weekly transactions above $5mln.

The weighted average exchange rate during the end of the week under review was TZS 2,309.97/USD

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South Africa: Emerging Markets’ Bonds Stand to Bear the Brunt of a Risk-Off Response to Global Inflation Fears

south africa emerging markets bonds stand to bear the brunt of a risk off response to global inflation fears
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US bonds just keep on rising despite the US Fed again insisting this week that it doesn’t see inflation becoming a problem. A continuation in this vein spells bad news for emerging markets’ currencies and assets, with bonds likely to be worst hit by an erosion of their yield premiums in what has been a low-yielding investment world.

All eyes have been on rising US bond yields as fears of global inflation have prompted investors to anticipate an earlier-than-expected withdrawal of central bank support.

For South Africa and other emerging markets, the concern is that higher US bond yields could undermine risk-on investor appetite for emerging market assets. That could put paid to growing market consensus that 2021 could be a bumper year for developing countries, supported by a combination of robust global economic growth and low developed-market yields.

Since the start of the year, US 10-year Treasuries have added more than 50 basis points in response to rising inflation expectations. However, firm evidence of inflation rising is yet to come through and thus it’s a move that could well prove to be premature.

Investors are now seeing the Fed increasing interest rates for the first time in 2023 -…

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Angola: Micro, Small and Medium-Sized Companies Get New Regulation

angola micro small and medium sized companies get new regulation

Luanda — The Economic Commission of Cabinet Council approved Friday a new regulation of the Law on Micro, Small and Medium Enterprises, aimed at improving the business environment in the country, states a communiqué released at the end of the session chaired by the President João Lourenço.

It states that the move is meant to respond to the requirements of the current context, establishes the procedures for classification, constitution, certification and accountability.

The Angolan Executive wants to foster the development, competitiveness of micro, small and medium-sized companies, as well as individual traders.

The aim is to generate jobs and improve income distribution, social inclusion, reducing informality and strengthening the economy.

The meeting also approved measures for the management of marine fisheries, continental fisheries, aquaculture and salt for the year 2021, as part of the protection of aquatic ecosystem resources and fisheries policy

The Economic Commission also approved the project for the recovery of urban solid waste in the province of Luanda, which contains the measures for the implementation of a new collection and treatment model, with greater installed capacity for this purpose.

On the other hand, the session approved the balance sheet report of the National Development Plan 2018/2020 aimed at ensuring the implementation of the measures planned for the said period and assesses the degree of achievement of the planned objectives.

In terms of the State’s financial activity, the Economic Commission approved two balance sheet reports on the execution of the National Treasury’s financial programming – the fourth quarter of 2020 and the financial year 2020.

The Commission also approved the National Treasury cash plan execution balance report for December 2020.

Finally, the Economic Commission was informed about the evolution of the foreign exchange market during 2020, as well as the monetary policy measures that the National Bank of Angola has been implementing, with a view to improving liquidity control in national currency.

It states that the move is meant to respond to the requirements of the current context, establishes the procedures for classification, constitution, certification and accountability.

The Angolan Executive wants to foster the development, competitiveness of micro, small and medium-sized companies, as well as individual traders.

The aim is to generate jobs and improve income distribution, social inclusion, reducing informality and strengthening the economy.

The meeting also approved measures for the management of marine fisheries, continental fisheries, aquaculture and salt for the year 2021, as part of the protection of aquatic ecosystem resources and fisheries policy

The Economic Commission also approved the project for the recovery of urban solid waste in the province of Luanda, which contains the measures for the implementation of a new collection and treatment model, with greater installed capacity for this purpose.

On the other hand, the session approved the balance sheet report of the National Development Plan 2018/2020 aimed at ensuring the implementation of the measures planned for the said period and assesses the degree of achievement of the planned objectives.

In terms of the State’s financial activity, the Economic Commission approved two balance sheet reports on the execution of the National Treasury’s financial programming – the fourth quarter of 2020 and the financial year 2020.

The Commission also approved the National Treasury cash plan execution balance report for December 2020.

Finally, the Economic Commission was informed about the evolution of the foreign exchange market during 2020, as well as the monetary policy measures that the National Bank of Angola has been implementing, with a view to improving liquidity control in national currency.

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Nigeria: Experts Task Experiential Marketing Companies On Tax, Pension Compliance

nigeria experts task experiential marketing companies on tax pension compliance

Partner, Tax and Regulatory Services at the Deloitte, Oluseye Arowolo, has identified multiple taxation as a structural problem in Nigeria.

He has also advised members of the public to always engage professionals while taking the advantage of the country’s tax system.

Speaking on the topic “Nigeria’s Changing Tax Landscape” during the hybrid event tagged: “EXMAN Training 2021,” Arowolo urged members of the Experiential Marketers’ Association of Nigeria (EXMAN) to always do impact assessment, train staff members on new tax requirements and understand that by law, withholding tax can be brought forward amongst others.

Also speaking at the event which was put together by the leadership of EXMAN for members to ensure compliance and work within the details of the law and appreciate the importance of taxation and pension scheme, the Team Lead, Business Development at ARM Pension Manager, Lanre Oyenekan, stated that the importance of pension scheme cannot be over-emphasised as it mitigates future hardship and makes employees’ future secured which in turn boost productivity.

Oyenekan, who spoke on “Relevance of Pension in The Changing World,” added that pension was expected to be taken from basic, housing and transport allowances while the eight per cent is deducted as employee’s contribution and the employer on their part contributes additional ten per cent and they should not be in default.

He urged EXMAN members to comply and speak to their pension managerS when they have issues and those who don’t have should as a matter of urgency engage one.

Earlier, EXMAN President, Tade Adekunle, stated that the training was organised to help members better understand the tax and pension scheme and how they can overcome some of the challenges they are facing in that aspect of doing business as well as taking advantage of the opportunities inherent.

“The area of tax is where we have been having challenges. With government going about it in a very brutal way, going after virtually all the companies under marketing communications and other companies in Nigeria, we are of the opinion that we need a better understanding of what is expected of us.

“This is to really have a good understanding of the system and avoid falling foul of the law. That is why we asked the top management and finance management experts to become part of our training today,” he said.

He added that after the training its members would be able to manage their tax process on time not to wait for when there are issues.

Similarly, former EXMAN President, Kayode Olageshin stated that, “EXMAN is an industry association and one of the critical purposes of having an industry body is to be able to train our members and improve professionalism for our practice and compliance with government regulation which is a very key aspect of professionalism.”

He added that the training will help them to know how best to engage the authorities regarding the challenges their members are facing as regards tax and pension. However, he stated that tax reduction can be given to their members.

“Concession such as the one the government has with the construction industry where they have 2.5 per cent such things if it comes our way it is something that would also help our business significantly,” he stated.

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Nigeria: NSE – Heavy Sell-Offs in Wema, Zenith, MTNN Shares Spur N155 Billion Loss

nigeria nse heavy sell offs in wema zenith mtnn shares spur n155 billion loss
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The market’s cumulative loss for February stood at N1.363 trillion.

Nigerian stocks tumbled 0.74 per cent on Friday as Wema Bank’s 2020 financials release failed to wow investors, and profit-taking deepened across the market as Zenith Bank and wireless operator MTNN saw huge sell-offs in their shares.

The market lost N155 billion, bringing the cumulative loss for February to N1.363 trillion, on its last day of trade.

That compares with a total capital gain of N1.130 trillion the month before.

A 2.32 per cent slide in the insurance index to 202.09 points, which was the runt of the litter among the five sectorial indices, complicated investors’ woes.

Market breadth was negative, with 24 fallers recorded against 17 gainers.

The benchmark index contracted to 39,799.89 points, while market capitalisation eased to N20.823 trillion at the end of trade.

Year to date, the index is down by 1.17 per cent.

TOP FIVE GAINERS

Oando led the flock of gainers, appreciating by 9.82 per cent to close at N1.23. Mutual Benefits added 0.40 per cent to end trade at N8.11. Courteville was up by 5 per cent at N0.21. Oando rose to N3.45, notching up 2.99 per cent in the process. NAHCO completed the top 5, climbing by 2.70 per cent to N2.28.

TOP FIVE LOSERS

Wema led losers at Friday’s trade, declining by 10 per cent to close at N0.63. Champion Breweries shed 10 per cent to end trade at N2.52. Sunu Assurance fell to N0.66, losing 9.59 per cent. Africa Prudential slumped to N5.75, recording 45.74 per cent depreciation. Mansard closed at N1.06, going down by 5.36 per cent.

TOP FIVE TRADES

In all, 507.254 million shares estimated at N2.443 billion were traded in 4,465 deals.

Wema was the most active stock with 304.527 million of its stocks worth N197.628 million traded in 58 deals. 30.754 million units of FBN Holdings shares priced at N226.051 million exchanged hands in 219 transactions. Zenith had 26.613 million shares valued at N677.409 million traded in 555 deals. Transcorp traded 22.926 million shares estimated at N20.681 million in 130 transactions. UCAP traded 17.150 million shares valued at N104.609 million in 255 deals.

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The E-Rate Program: Three Pivotal Issues for Education Companies

the e rate program three pivotal issues for education companies
market trends 02242021 960517256 02 02

Many school systems applying for E-rate funding this year are focused on a new set of needs, and their shifting priorities have implications for ed-tech companies.

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Nigeria: Nigerian Stocks End Two-Day Rally With N66bn Loss

nigeria nigerian stocks end two day rally with n66bn loss

The benchmark index fell to 40,095.49 points while market capitalisation contracted to N20.978 trillion at the end of trade.

Nigerian stocks ended their short-lived rally Thursday with an 0.31 per cent decline, as bank equities led a N66 billion drawback that obliterated the feeble gains reported on Tuesday and Wednesday.

The benchmark index fell to 40,095.49 points while market capitalisation contracted to N20.978 trillion at the end of trade.

Nigerian Breweries joined big lenders Zenith, UBA, Access as well as investment banking company United Capital in the biggest losses.

The banking index, worst hit by the depreciation, went down 1.44 per cent to 384.62 points.

Market breadth was positive with 26 gainers emerging against 14 losers.

Year to date, the index is down by 0.44 per cent.

TOP FIVE GAINERS

Chams led the flock of gainers, appreciating by 9.09 per cent to close at N0.24. Royal Exchange added 8 per cent to end today’s trade at N0.27.

Wema went up by 7.69 per cent to N0.70, following a 14.8 per cent revenue drop in its 2020 financials that also saw profit decline, in this case marginally by 2.7 per cent.

Red Star Express rose to N3.30, notching up 5.77 per cent in the process. Prestige completed the top five, climbing by 4.55 per cent to N0.46.

TOP FIVE LOSERS

Lasaco was the worst performing stock, declining by 9.68 per cent to close at N1.12. Fidson fell to N4.90, losing 8.41 per cent. ETI dipped to N5.20, recording 6.31 per cent depreciation. Mutual Benefit shed 5.13 per cent to close at N0.37. UACN closed at N7.55, going down by 5.03 per cent.

TOP FIVE TRADES

In all, 326.042 million shares estimated at N3.713 billion were traded in 4,567 deals.

Transcorp was the most active stock with 48.439 million units of its stocks worth N43.727 million traded in 136 deals. 33.887 million units of Dangote Sugar shares priced at N611.834 million exchanged hands in 253 transactions.

UBA traded 27.468 million shares estimated at N229.570 million in 226 transactions. Zenith Bank traded 24.566 million shares valued at N637.594 million in 566 deals. United Capital had 19.239 million shares valued at N118.035 million traded in 267 deals.