Vodacom's African Woes, Anglo may scrap Copper plans, Ayo 'falsified financials'

[Click here for the web version of this email]( [FIRST THING With John Stupart]( Tuesday, 9 April 2019 “I'm selfish, impatient and a little insecure. I make mistakes, I am out of control and at times hard to handle. But if you can't handle me at my worst, then you sure as hell don't deserve me at my best.” Marilyn Monroe Story of the Day [Are South African cellphone companies becoming a new form of African government ATM machine?]( By Tim Cohen [First, the Nigerian government imposed massive fines of MTN in disputed circumstances for notional regulatory infractions. Now the executives of Vodacom’s Tanzanian business have been arrested and charged with ‘economic sabotage’. Is a trend emerging of African governments targeting foreign cellphone companies?]( ON THE MONEY Currencies R/$ = 14.11 0.01%▲ R/€ = 15.90 -0.06%▼ R/£ = 18.45 -0.11%▼ BTC/R = 74336 -0.39%▼ * At 5am or latest close Markets JSE All Share = 57985 0.36%▲ DJIA = 26341 -0.32%▼ Oil = $71.64 0.13%▲ Gold=$1299 0.14%▲ WHILE YOU WERE SLEEPING [Anglo vows to Scrap $3-Billion Copper Project if Opposition Builds]( Call it moving at glacial pace. Anglo American says it will scrap its next big copper project if studies indicate the plan could harm nearby glaciers or there’s major opposition from local communities in Chile. [Namibia Commits to Rand Peg as Economy Limps Out of Slump]( Namibia has decided against dropping its currency peg with the South African rand “unless something very drastic happens”. The decision is based on its close trade links to its larger neighbour and the drive by the world’s biggest producer of marine diamonds to recover from a two-year recession. [Ayo Ex-CIO Says South African Company Is Partly Illegitimate]( Ayo Technology Solutions Ltd is at least partly an illegitimate business and has fabricated financial statements even while securing a R4.3-billion-rand investment by Africa’s biggest money manager, according to Ayo’s former chief investment officer. [Tuesday, 9 April: Five Things You Need to Know to Start Your Day]( Saudi Aramco gets huge demand for its debut international bond, BlackRock aims to become one of China’s leading asset managers, and US stocks rise for an eighth day. Here are some of the things people in markets are talking about. [Maverick Insider membership pays for our investigations.]( Those ministers that resigned? That President that resigned? Those commissions into State Capture and SARS? That Tom Moyane who was fired? Those #GuptaLeaks? Maverick Insiders helped fund the investigations that helped make all of that happen. We can’t do our jobs without your support. If you want to see what we can do next, [consider signing up]( and becoming a Maverick Insider. For R150pm you’ll get all the member benefits plus R100 back in UBER vouchers every month until October 2019. In Numbers $26-billion .. was Amazon’s valuation in April 1999. In April, 2009 it was $31-billion. It is now $886-billion Fact of the Day There are more vacant houses than homeless people in the United States Featured Articles [Trading on US-China deal to deliver the goods]( [Trading on US-China deal to deliver the goods]( By Sharon Wood [Who has to register as a credit provider under the National Credit Act?]( [Who has to register as a credit provider under the National Credit Act?]( By Pierre Burger [Privatising paradise — questions emerge over exclusive Wild Coast lodges]( [Privatising paradise — questions emerge over exclusive Wild Coast lodges]( By Tony Carnie Opinionistas [Much is beyond your control, but not your golden years]( BYSteven Nathan [Interesting points arise out of JSC hearings for ConCourt justices’ appointments]( A column by Professor Balthazar [That video games cause violence is a ridiculous myth]( A column by Ivo Vegter Weather BFN: min: 12° max: 24°, cloudy CPT: min: 15° max: 23°, sunny DBN: min: 19° max: 26°, rainy EL: min: 20° max: 26°, cloudy JHB: min: 13° max: 21°, rainy MHK: min: 17° max: 27°, rainy NLP: min: 18° max: 32°, rainy PE: min: 18° max: 23°, rainy PMB:min: 15° max: 25°, rainy [FORWARD THIS EMAIL TO A FRIEND]( [Fb] [Tweet] [Link] [Yt] Copyright © 2019 Daily Maverick, All rights reserved. You are receiving this mail because you are awesome and on the Daily Maverick First Thing subscriber list. Interested in advertising with us? [Click here to sign the pact.](mailto:advertising@dailymaverick.co.za?subject=Advertising%20query%3A%20First%20Thing%20Mailers) [Getting too many emails from us? Manage your preferences]( [Unsubscribe](