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Unclaimed dividends in African markets: an investor relations cancer

November 25th, 2021|

The problem of unclaimed dividends in listed African companies is widespread. Take MultiChoice, which is still looking to pay out about R147 million in unclaimed dividends (article below). Or Dangote Cement which had over 260,000 unclaimed dividend payments in August 2021. Or the 3,500 TNM Malawi shareholders who have not claimed their dividends. That’s one [...]

Improving communications governance in listed African companies

November 16th, 2021|

In the article below Peter Crow discusses why despite the plethora of the recommendations on corporate governance and best practice, boards' efficacy can remain in question. The focus of the board is often reduced to compliance, monitoring historical performance and ensuring regulatory requirements are satisfied. Directors must shift from merely ensuring rules are followed (and [...]

To cook an elephant: Adopting progressive digital IR communications in Africa

October 30th, 2021|

An old African proverb says one should ensure there’s enough firewood before cooking an elephant. A similar metaphor is illustrated by companies trying to adopt progressive online practices in sub-Saharan African markets. Companies need resources, motivation and skills The publication of two earnings releases and an annual report and maybe an investor presentation handled by [...]

Why Are African Stock Exchanges Shrinking?

October 22nd, 2021|

Structural, systemic problems with our public African capital markets inhibit capital raising, liquidity and fair pricing of equity. And we’ve gone backwards in the past 15 years. Just look at the decrease in the number of listings since 2006. Country 2006 2021 Increase/ Decrease South Africa 326 295 -31 Egypt 696 224 -472 Nigeria 207 [...]

AfricanFinancials introduces share price vs market indices comparisons

October 15th, 2021|

Over 600 company pages on the African Financials investor relations portal have been upgraded to include the ability to plot share prices vs market indices in interactive share charts. Users can now compare share price performance and various indices for listed companies in 11 African markets. Share charts have a dynamic date range, and multiple [...]

Bringing ESG-level transparency to Q&As from investor meetings

October 14th, 2021|

Directors do not pay much attention to recording and managing responses to investor queries at and following investor meetings. The Q&A section of virtual events (and normal events) contains material information that should be distributed to and transparently, continuously made available to investors (existing and potential). I’m referring to: Earnings presentations Investor presentations (private and [...]

Ensuring Strategic Alignment Between Your Board & Management

August 3rd, 2021|

This article by Peter Crow, in which he describes the essentiality of alignment between company Boards and senior management, struck a chord. Without a doubt, misalignment between senior management and the Board of Directors is one of the biggest hindrances to adopting and implementing progressive investor relations. Management tends to have a better understanding of [...]

6 reasons why transcribing investor meetings is a no brainer

July 14th, 2021|

Publishing the transcript of your investor meetings on your website seems easy enough. It’s simple, saves you time and money in more ways than one, and is the highest level of investor relations. Yet surprisingly, this is not the de facto practice in our African markets. A study we conducted in January 2021 of the [...]