Reporting on its financial results, MTN said that the post-paid, enterprise, wholesale, digital and fintech segments all recorded good growth with the pressure point being pre-paid. The group will spend ca R6bn in SA as it fights to regain market share. Albeit this capex figure is much lower than the previous year, Mergence head of equities, Peter Takaendesa, said MTN is likely to find it difficult to bounce back in SA pre-paid near term although there are no structural issues against MTN’s ability to regain share over the longer term.

Fihla’s pressing Absa to-do list
Commenting on the task ahead of Absa CEO-designate, Kenny Fihla, Mergence co-portfolio manager Radebe Sipamla says that the bank’s digital