What happened with MTN and Sappi?

🎯 Hit Your Wealth Goals: The investment opportunity overlooked in South Africa

Author

FinMeUp
November 13, 2023

Hi there, 👋🏽

What unique investment opportunity, often overlooked in South Africa, could significantly boost your retirement savings? A survey found that only 36% of SA is making use of it and only 7% of them feel prepared.

Stock Spotlight 🔦

MTN Group Limited

  • Group service revenue increased by 9.0%.

  • Voice revenue decreased by 0.6%.

  • Data revenue grew by 15.3%.

  • Fintech revenue increased by 20.0%.

Renergen Limited

  • HEPS from continuing operations expected to decrease by 12% to 2%.

Argent Industrials Limited

  • HEPS is expected to grow by between 12.6% and 32.6%.

Sappi Limited

  • Sales 20% decrease for the year·        

  • Profit 52% decrease from the previous year.

  • Net debt down 7% from the previous year.

  • HEPS 62% decrease from the previous year.

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