On The Money Show, Peter Brooke, Portfolio Manager at Old Mutual Investment Group, shared key market updates:
- Telkom’s strong Q3 – Despite flat revenue, EBIT surged 28%, boosting its share price by 8%. Smart cost management and market share gains in mobile and data are driving growth.
- Leadership moves – Capitec & BAT made strategic director appointments, bringing in global expertise to drive future success.
- Rand strength & commodities – The Rand was the best-performing currency globally, backed by rising gold, copper, and iron ore prices, while China’s equities showed resilience.