It comes as no surprise that the South African unit of Walmart, Massmart, is in talks with unions to shut down its DionWired and Masscash stores, analysts say.
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Telkom’s share price fell sharply on Thursday as investors assessed the implications of faster than expected capital expenditure and a concomitant rise in debt to sustain it. The share price fell 4,2%% to close at R67,64/share
After two weeks of uncertainty in which its share price fell by 17,5%, MTN finally provided some clarity to shareholders on Monday. The announcement that CEO Sifiso Dabengwa had resigned with immediate effect led to the first substantial engagement with the market since the operator was issued
Telkom investors are confused. When the telecommunications company issued its trading update at the end of last month, the surprise aspect was not the further R900m loss it incurred to get mobile operator 8ta on to its feet, nor the