Telkom has rejected another consortium bid to acquire a substantial stake – the consortium comprises former CEO Sipho Maseko, the PIC, and Mauritius-based Axian Telecom. The issue is not likely to disappear and shareholders will likely have a chance to hear out the matter at Telkom’s AGM on 24 August. Mergence’s Head: Equities, Peter Takaendesa, is quoted extensively in this article in Business Day, concluding there is still scope for stakeholder interests to be aligned and value unlocked.

‘We want to be number 1 by far’: Prosus looks to benefit from Europe’s hunger for tech champs
Commenting on this week’s announcement by Prosus that it is willing to offer an near 50% premium for the Dutch