MTN and Orascom are not talking anymore, about a deal that is

MTN and Orascom are not talking anymore, about a deal that is. China exports confound everyone, there was truth in the rumour. Aussie mining tax, will this blow up in Rudd's face? Bernanke talks to the high school economics class. COSATU lining up something, should we listen? Why do we always have to prove to the world something, I am tired of that.



MTN and Orascom part ways, no deal. No big deal. I am astonished with some of the media reports. Some are saying that MTN and the outgoing Phuthuma Nhleko is incensed at doing deals at any cost. Any cost to the shareholders? He is one, go figure. Bloomberg are running the line on the box that Nhleko and MTN have fourth failed deal in two years. In this sector in emerging markets I would hope that you are active and looking for opportunities.



And just remind me, yes, it is coming back to me, this has been generally regarded as the most stressful economic patch for the globe since World War 2, the Great Depression, take your pick of drawing history parallels. So raising money and deal making should be harder, not so? Yes. So the fact that the company has been looking for opportunities and can carry such a high credit rating should be a positive.



And as Paul said on the wireless last night, go and do as many deals as you can now, that makes sense for shareholders. So MTN will be there long after Nhleko steps down or is gone. Meanwhile this morning MTN have announced: "A consortium of 15 Nigerian banks are extending a facility of N250 billion to the company which was upscaled from N207 billion when it was 151% subscribed, while further funding totaling some $450 million is being provided by two foreign banks. MTN arranged the facilities itself." See that, no bankers. Shouldn't that be totalling and not totaling?