South Africans who bought shares in any of the country’s six JSE-listed telecoms companies at the start of 2022 would have seen declines in their investment over the year.
As a result of Telkom’s share price decline, a R10,000 investment in the network operator’s shares on the first day of trading in 2022 would have only been worth R5,610 at the end of the year. South Africans who bought R10,000 of the company’s shares would have seen their investment dwindle to R7,433.
Vodacom also performed relatively well compared to the rest, with the company’s share value declining by 8.9% between 3 January and 27 December 2022.In the middle of the field sits Huge Group Limited and TeleMasters Holdings Limited, whose share prices declined by 19.3% and 20.0%, respectively.
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