Gary Booysen, portfolio manager: Rand Swiss, on what the smart money is doing
16 February 2023 - 05:00MTN is certainly not for the faint-hearted. Any business operating in far-flung African geographies carries a special type of risk. But where there is risk, there is also opportunity. MTN and rival Vodacom have comparable market capitalisations, but MTN has by far the larger footprint.
China might be opening up, but Kumba Iron Ore’s share price could be headed down. The opening of the Chinese economy will offer many international resource counters the opportunity to increase volumes and prices. Unfortunately, to take advantage of the robust Chinese commodity appetite, South Africa-centric miners such as Kumba need to ship product. Based on its fourth-quarter production report, Kumba is expected to show a decline in earnings of between 38% and 44%.
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