The Competition Commission has ruled against the proposed deal by Vodacom to establish a company, called Maziv, in a multibillion rand deal, with Dark Fibre Africa and Vumatel. Commenting on the development, Mergence Head of Equities, Peter Takaendesa said that if the deal did not go through, Vodacom would probably invest in growing its other markets outside South Africa. He said a key issue that the Competition Commission is underestimating is the importance of the merger on promoting investment into the South African economy. The reality is that most telecoms markets will, ultimately, come down to a few operators that can sustain themselves over the long-term, given the capex intensity nature of the industry and declining returns as markets mature.
Are the Magnificent Seven losing their shine?
The Magnificent Seven are the group of mega cap stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, Tesla – that
