R10,000 share shoot-out: Vodacom vs MTN vs Telkom
2016 has been a volatile period for equities, with Brexit the latest factor causing a drastic drop in share prices across the world.
Many analysts predict more volatility as uncertainty remains, especially on Britain’s planned exit from the European Union.
Some shares have benefitted from this uncertainty, notably gold companies. Gold and gold miner stocks have enjoyed a good year to date, with many investors seeing them as a safe haven.
Share shootout: Vodacom vs MTN vs Telkom
MTN’s share price increased sharply in early June after the company reached a settlement with the government of Nigeria to pay its R24.8-billion fine over three years.
Vodacom and Telkom’s share prices have also showed growth this year, partly on the back of good financial results.
The sections below show the change of share price of Vodacom, MTN, and Telkom for 2016, and how much a R10,000 investment in these companies at the beginning of the year is worth now.
Vodacom: A R10,000 investment would now be worth R11,126
MTN: A R10,000 investment would now be worth R10,718
Telkom: A R10,000 investment would now be worth R10,088
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