Telkom's shares continued their recent strong run yesterday, jumping over 12% after it reported a big rise in revenue from its cell phone operations as it continued to add more customers. That's made up for a decline in fixed-line revenue so far this year. Yesterday's rise took gains in its share price since last Wednesday to 27%. However, they're only back at the levels last seen in December 2019 - and nowhere near the almost R100 they traded at in June of that year.

Anglo American Platinum also surprised the market with a trading statement that showed a better than expected outcome for last year after production was affected by Covid-19 and a converter plant was out of operation for much of the year. It has benefitted from higher metal prices, as has Pan African Resources, which will also report a big rise in earnings.

More on those stories to follow, along with an update from packaging group Mpact and results from Bowler Metcalf. Also, Hyprop Investments has found buyers for its Atterbury Value Mart in Pretoria at a price that has been described as good in the current environment. Its shares rallied too.

These were the winners of yesterday but if you want to find out how to pick the winners of tomorrow, follow this link for the latest edition of the Magic Markets podcast. The Finance Ghost and Mohammed Nalla (Moe-Knows) are joined by special guest and stock-picking expert Craig Antonie.

I hope you have a good day.

Stephen Gunnion

Managing Editor, InceConnect

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