BBB Ep 33 - More good news on US inflation; MTN shares rocket on interims but it gets another suitor for Telkom; Peche exposes big fees at Big Three u..

The US stock markets took a breather overnight, shrugging off more good news on the inflation front where July's growth in the Producer Price Index dropped to its lowest since October 2021. The JSE had a good session yesterday, helped by strong interim numbers reported by MTN which led the charge with a 9% share price jump. Close behind was MTN's takeover target Telkom, up another 6% after six year old data-only telecoms company rain handed the Telkom board a proposal to merge with the former telecoms monopoly. Also in this episode of the BizNews Breakfast Briefing, financial insider Sean Peche exposes how billions in fees are being harvested by SA's underperforming big Balanced Fund unit trusts; and Joe Biden is set to enjoy a major win in Washington today.Insider Sean Peche exposes SA’s R320bn Balanced Funds ripoff: How Big Three unit trusts fleece saversFirstRand redux: Rain wants a merger with Telkom, aims to spoil MTN’s planned party Learn more about your ad choices. Visit megaphone.fm/adchoices