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Finweek English Edition - - INVESTMENT -

On the sur­face the trad­ing upadte from MTN* was great, with HEPS ex­pected to be up 25%30%, but the small print is that this in­cludes a R1.1bn for­eign cur­rency gain vs a R2.7bn for­eign cur­rency loss in the pre­vi­ous pe­riod, adding per­haps as much as 6% to the prof­its. *The writer owns shares in Cal­gro M3, MTN, Ad­cock In­gram and Capitec.

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