ADSL on its last legs in South Africa

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  By   Daniel Puchert Partially state-owned telecommunications company Telkom announced in its financial results for the year ending 31 March 2025 that its ADSL subscribers had more than halved to under 30,000. According to the company’s operational data, ADSL lines decreased from 64,959 in March 2024 to 29,770. This 54.2% decline highlights that the legacy broadband technology is slowly approaching the end of the road. Telkom’s ADSL business peaked at the end of March 2016 with 1.01 million subscribers — two years after fibre upstart Vumatel  broke ground in Parkhurst . What followed was a sharp decline in Telkom ADSL subscribers. Customers connected to its copper networks decreased by more than 500,000 over the next four years. This was partly driven by Telkom itself, which began actively switching off its copper network in some neighbourhoods. If it did not have fibre in the area, it would offer a “fixed line lookalike” wireless service that ran over its cellular ...
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Manchester City losses halve

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Manchester City Manchester City won the Premier League for the first time in 2011-12

Business of Sport


Manchester City has revealed that its financial losses for 2011-12 have halved from a year earlier.

The Premier League champions announced a pre-tax loss of £93.4m, down from £189.6m in 2010-11.

Revenues increased 51% to £231.1m, with the club's first appearance in the Uefa Champions League contributing more than £22m in new revenue.

The club's sponsorship deal with Etihad Airways helped commercial partnership revenue double from £48.5m to £97m.

City's operating loss also improved from a record £194.9m to £104.1m.

Uefa's Financial Fair Play rules, which say clubs must break even over three years, come into full effect in 2013-14.
Investment impact
City was acquired by Sheikh Mansour of Abu Dhabi in 2008. In its annual report, the club said it had undergone a "significant period of investment" since then. Over that time, it has spent about half a billion pounds on new players.

"The club's performance in the 2011-12 reporting period demonstrates the tangible and positive impacts of that investment across many areas of our operations," it said.

It added that its player recruitment strategy had transitioned from one of rebuilding to one of refinement.

"With a relatively young squad that has won an FA Cup and a Barclays Premier League in consecutive seasons, our recruitment needs have been reduced.

"As a result, the amortisation of player contracts and the net impact of player trading on the club's bottom line has decreased by 27% (£30.3m) over the previous year, consistent with our belief that the peak of the club's investment in its playing squad has passed."

The club's wage bill increased to £178.2m from £153.7m the previous year.

That covered 237 football players and staff and 239 commercial and administration staff.

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