MTN tells shareholders to expect big profit jump
MTN has notified shareholders that it expects to report 35% to 45% higher earnings per share, and 12% to 22% higher headline earnings per share than last year.
The network operator said it is finalising its results for the year ended 31 December...
How much money you would have if you invested R1,000 in South African tech companies in 2022
Many investors who bought shares in South African technology companies at the start of 2022 would have lost money by the end of the year.
Globally, the technology industry has been among the worst hit...
Alviva announces R2.562-billion buyout and de-listing deal
Information Technology services and equipment supplier Alviva has notified shareholders that it has received an offer to buy out the company's shares and de-list it from the Johannesburg Stock Exchange.
Alviva owns computer hardware...
Avis owner expects R4.5 billion valuation when it lists on JSE
Barloworld Ltd.’s car-rental business, which will be carved out and listed in Johannesburg next month, will have a valuation of about 4.5 billion rand ($260 million), the unit’s chief executive officer said.
Barloworld has hired...
How Telkom makes money — and where it spends money
Telkom is South Africa’s third-largest telecommunications company, with a dominant position in the fixed-line market.
Telkom was founded on 1 October 1991 when the Department of Posts and Telecommunications (DPT) was broken up into Telkom and...
South African telecoms share prices in 2022 — From best to worst for the year so far
Telkom's share price took the biggest beating of JSE-listed telecommunications companies in 2022 — until news broke that it is in acquisition talks with MTN.
The price of a Telkom share slumped nearly 37%...
The biggest IT companies in South Africa
South Africa has several home-brewed information technology companies worth well over R1 billion.
After making enormous gains during the height of the Covid-19 pandemic, most major global tech shares have taken a beating in 2022.
How much money you would have if you invested R1,000 in Vodacom, MTN, or Telkom 10 years ago
South Africans who invested in Telkom in April 2012 would have substantially more money than those who bought shares in Vodacom and MTN.
That is according to a comparison of the share prices of the...
South African stocks see strongest first quarter since 2006
Investors who chose South Africa as a haven in a stormy first quarter have been rewarded with some of the best currency, equity and bond returns in emerging markets.
While the start of monetary policy tightening in the U.S. and war in...
Private Security Firm Plans South Africa’s First IPO Since 2018
Fidelity Services Group, the largest private security firm in South Africa, is considering an initial public offering, according to people familiar with the matter, which would be the country’s first in four years.
The...
Big JSE exodus
The Johannesburg Stock Exchange (JSE) is facing a big problem — many companies are delisting from the exchange with very few new listings to make up for the decline.
The JSE’s latest financial results revealed 25 companies delisted from the JSE in 2021. It follows 20 delistings...
JSE chief financial officer resigns
Johannesburg Stock Exchange (JSE) financial chief Aarti Takoordeen has resigned from all her roles and responsibilities and will leave the company on 20 May 2022.
Bruising start to 2022 for South African tech stocks
Many South African tech shares started the year in the red, following the trend set by mega-cap tech stocks in the United States.
The share prices of large technology companies like Netflix, Tesla, and Amazon were hard hit last month.
Why investors think MultiChoice can pop in 2022
MultiChoice has been a poor performer on the Johannesburg Stock Exchange (JSE) over the last three years, but analysts are upbeat about the company’s share price this year.
MultiChoice was listed on the JSE on 27 February 2019 at R95 per share...
Top tech shares on the JSE in 2021 — including two which had over 170% growth
The top-performing technology shares on the Johannesburg Stock Exchange (JSE) in 2021 were MTN, Ellies, and Alviva, while the worst-performing companies were Labat Africa, Huge Group, and EOH.
The JSE performed...
South African tech stock bloodbath over last 5 years
The majority of South African IT and telecommunications companies listed on the Johannesburg stock exchange (JSE) saw a decline in their share price over the last five years.
An analysis of 21 of the largest JSE listed tech companies...
Best-performing South African tech shares in 2021
MTN's share price increased by 69% in the first six months of 2021, making it the best performing IT and telecoms share on the JSE.
South African technology companies had a good start to the year, with most of their share prices experiencing...