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.

Sasol share price slumps amid operational challenges and global market pressures
Commenting on the retirement of longstanding Capitec CEO Gerrie Fourie and his replacement by Graham Lee, Radebe Sipamla, co-portfolio manager