Finweek English Edition - - INVESTMENT -

Stock­bro­ker­age Imara SP Reid re­cently up­dated their view on the telecom­mu­ni­ca­tions gi­ant. An­a­lyst Si­bonginkosi Nyanga cau­tioned: “Al­though the out­look for con­tin­ued strong growth in data rev­enues over the medium term re­mains en­cour­ag­ing, we re­main wary on the gen­eral prospects for SA as we ex­pect com­pe­ti­tion to im­pact the op­er­a­tion neg­a­tively in the next 12-18 months. If SA comes un­der more pres­sure, which is our ex­pec­ta­tion, then the over­all im­pact of the In­ter­na­tional per­for­mance will be­come less pro­nounced and we there­fore re­tain our ‘Hold’ rec­om­men­da­tion.”

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.