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.
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Delivering alpha Delivering alpha: A strong first year for Mergence’s Quant Equity portfolio
Mergence has launched a second AMC within its Global Quant Equity Portfolio, following excellent one-year performance of the first fund