The share prices of South Africa’s four biggest telecoms companies with large interests in the mobile network industry have all declined by over 30% in the past decade, a MyBroadband analysis shows.
A R1,000 investment in all of South Africa’s biggest telecoms companies ten years ago would be worth substantially less today. This is highly uncommon as share price growth is generally expected.
Vodacom’s share price closed at R89.03 on 14 May 2024. Ten years ago, the share traded at R129.67, a drop of 31.34%.An investor who sold their R1,000’s worth of shares at this time would have gotten around R1,840 for them — a net return of R840.MTN’s share price declineAt the close of the market on Wednesday, 14 May 2014, MTN traded at R221.50. Ten years later, the share price declined to R84.82 – a 61.71% loss.
In South Africa, load-shedding and poor economic growth have stunted revenue and customer growth, which have also impacted Vodacom.Between14 May 2014 and 14 May 2024, Telkom’s share price slumped from R39.40 to R24.93 — a 36.73% drop. Simply put, Telkom’s mobile segment growth was insufficient to keep investors confident in its future while its fixed-line consumer and enterprise businesses declined.the company would refocus on fixed infrastructure.
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