Commenting on Telkom’s sale of its masts and towers business Swifnet, Mergence Investment Managers Head of Equities Peter Takaendesa said the deal would give Telkom a debt relief “breather” although shareholders would not likely see any of the proceeds.

MTN cuts capex in SA to R6billion
Reporting on its financial results, MTN said that the post-paid, enterprise, wholesale, digital and fintech segments all recorded good growth