[MARKET WATCHER] Sasfin's davidshapiro61 discusses the day’s market news, Tencent Q1 results, the rand weakening further, statements out of Telkom, which telecoms he has in his basket, and Ninety One’s results. MoneywebNews Markets
Ninety One sees outflows of R237bn as clients ditch risky assetsChinese investors sour on Tencent, becoming net sellers of stock.
Ninety One sees outflows of R237bn as clients ditch risky assetsChinese investors sour on Tencent, becoming net sellers of stockUnited States Latest News, United States Headlines
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Ninety One sees outflows of R237bn as clients ditch risky assetsSouth Africa’s biggest listed asset manager NinetyOne reported a 10% fall in assets under management (AuM) on Wednesday after suffering net outflows of £10.6 billion (or R237 billion*) as clients ditched riskier assets. Moneyweb NtandoThukwana
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Ninety One lowers dividend as assets under management fallThe active investment manager says 2023 was a ‘challenging’ year after its record results in 2022
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Telkom issues major profit warning — headline earnings plummets up to 105%Telkom has warned shareholders that it expects a massive hit to its annual profits.
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Big trouble for TelkomTelkom takes a massive hit.
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Telkom readies to conclude job cutsTelkom is set to conclude cash-out payments relating to its restructuring process next year. retrenchments JobCuts HR
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Telkom crashes almost 30% in minutes after warning of billions in writedowns | BusinessSA's third-biggest mobile operator Telkom warned on Wednesday its profits have plummeted after retrenchments and a strategic shift towards digital technologies prompted one-off costs of more than R14 billion, approaching its market value of R16 billion.
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