One of our biggest draw cards to invest in MTN was their ability to sell on various services to their 220 million clients. Financial services in particular.
The announcement on Tuesday that they will be partnering with Sanlam sounds encouraging.
Many African countries are underinsured. MTN has exposure to these countries and Sanlam has the appetite to expand. Sanlam also has loads of experience at offering such services. It sounds like a very good fit.
The Fintech route is particularly exciting. MTN clients can access these services through their phones. No branches or sales people needed. We endorse!