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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Nedbank CEO says no corruption in bank’s dealings with Gupta-linked Regiments

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Report alleges cosy and lucrative arrangement the bank

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18 MARCH 2021 - 05:10 WARREN THOMPSON

In his first public comments since Nedbank was ensnared in the state-capture narrative, CEO Mike Brown says that there was absolutely nothing untoward regarding the lender’s dealings with a Gupta-linked consultancy house in the first half of the past decade.

Nedbank has become the latest high-profile company to fend off accusations of playing a role in postapartheid SA’s biggest corruption scandal in which the Gupta family allegedly used its ties to former president Jacob Zuma to amass wealth...

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