Commenting on better-than-expected Telkom results for the six months ended 30 September, Peter Takaendesa, Head: Equities at Mergence Investment Managers, said this was largely driven by market share gains in the mobile business and cost optimisation across the group. He also said that Telkom must remain disciplined with its capital allocation and focus on accelerating profitable growth in mobile and fibre. If improved operational performance is sustained over the coming years, Telkom will likely sustainably return more cash to shareholders.

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