A segment of commerce
JSE payments, fintech and telecoms shares.
How the country pays: banking apps, card machines, mobile money and the networks that carry them.
PaymentsThe companies
| Share | Price | Today | 1M | YTD | 1Y | Market value | P/E | Yield | Next results |
|---|---|---|---|---|---|---|---|---|---|
| Capitec CPI | R4,372.78 | -1.18% | -5.8% | +5.5% | +26.2% | R506.5bn | 30.1x | 1.8% | 30 Sept 2026 |
| Lesaka LSK | R73.46 | -0.53% | -6.7% | -4.0% | -8.4% | R6.3bn | 149.9x | – | 04 Nov 2026 |
| MTN MTN | R181.40 | -5.27% | -4.0% | +7.1% | +25.2% | R333.5bn | 18.9x | 2.6% | – |
| Vodacom VOD | R151.00 | -1.15% | +1.1% | +6.9% | +13.3% | R291.8bn | 14.5x | 5.3% | 09 Nov 2026 |
| Telkom TKG | R52.41 | +2.81% | -5.1% | -11.1% | +2.6% | R25.9bn | 7.4x | 5.3% | 17 Nov 2026 |
| Blu Label BLU | R7.36 | +5.90% | -13.5% | -30.3% | -38.7% | R6.7bn | – | 7.7% | – |
| Purple Group PPE | R1.83 | -2.14% | -4.2% | -18.3% | -26.5% | R2.7bn | 36.6x | – | – |
One yearThe segment against the market
The economyWhat moves it
How we read this segment’s exposure to the South African economy, and which way each is moving now.
Helps this segment when it rises (moves with the wider economy).
Now: Growth slowing (0.9% (Q2))
Helps this segment when it rises (discretionary spend follows the mood).
Now: Shoppers more confident (-13 (Q3))
Helps this segment when it rises (sells on credit or to borrowers).
Now: Lending slowing (7.5% (Aug))
PaymentsComing up
Wed, 30 Sept
- ResultsCapitec (CPI) reports
Wed, 04 Nov
Mon, 09 Nov
- ResultsVodacom (VOD) reports
Tue, 17 Nov
- ResultsTelkom (TKG) reports
In the news
- MTN Uganda and Huawei bring LinkHome to the MyMTN app
- A diversified engine firing on all cylinders: Capitec headline earnings up 19%
- Mscsports and Telkom’s ‘Possibility in Play’ takes home 2 New Gen Awards
- Say goodbye to Capitec as you know it
- Capitec profit, dividend hit record as clients top 26.6m
- Capitec’s non-bank bet is paying off, big time
- Top South African exec calls for targeted United States sanctions on politicians, and MTN in hot water
- MTN loses bid to halt US Anti-Terrorism Act claims
- United States anti-terrorism case against South Africa’s MTN moving ahead
- Vodacom squeezes more 4G and 5G capacity out of cramped sites
The rest of commerce
- grocery retail
- food, drink and consumer brand
- restaurant and fast-food
- hotel, casino and leisure
- fashion and clothing retail
- ecommerce and platform
- pharmacy and health retail
- home, furniture and building retail
- car dealer and motor retail
- shopping centre and retail property
- logistics and delivery
Artive Capital doesn’t raise outside capital; it only trades and invests Artive’s own, and has no clients. This is a screen we use to decide where to look, not a recommendation to buy or sell anything. Prices are delayed and third-party data can be wrong; check with your broker before you act.
We don’t take outside money, but we always like talking markets and commerce.
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