Commenting on MTN’s quarterly update to end-September 2025, with news of 300 million subscribers, Peter Takaendesa, chief investment officer at Mergence Investment Managers, says the counter’s exposure to the rest of Africa has served it well over this period, with strong double-digit profit growth. The local performance was however a detractor.
Rand resilience masks a fragile equilibrium
The rand’s recent resilience has surprised many, but it risks being misread. Strength in the currency over the past year