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.

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