ADSL on its last legs in South Africa

-
Image
  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 ...
Post a Comment

South Africa’s new debit order system in full effect from May

-

 28 April 2021

The South African Reserve Bank (SARB) says it will implement the AC/DebiCheck payment system from 1 May as part of its modernisation efforts.

The SARB said this project aims to address the increasing levels of abuse in the debit order payment system, known commercially as the early debit order (EDO) payment system.

“From 1 May 2021, all new and renegotiated EDO mandates will be originated in the AC/DebiCheck payment system and not in the current EDO payment system,” it said.

“Early debit orders will only be processed through the AC/DebiCheck payment system, while normal debit orders will still be processed later in the day as per current arrangements.”

How it works

Under the EDO system, consumers provide a mandate to a company or user to collect money from their bank account.

In the new AC/DebiCheck payment system, this mandate is now given to the banks – where consumers provide authorisation to their bank to release the funds from their account when a debit order is submitted by a company or user from whom they bought goods or contracted for a service.

The AC/DebiCheck payment system was first implemented on 1 August 2018, and has been going through various stages and processes of testing and integration.

Companies or users of the EDO system had until 1 November 2019 to fully implement the AC/DebiCheck payment system. Since the implementation date, companies or users have been requested to begin using the system for all EDO collections.

“Owing to the complex nature of the AC/DebiCheck system, a lengthy ramp-up period was required to ensure that all stakeholders in the EDO collections ecosystem had implemented and tested their internal processes and interfaces to the AC/DebiCheck payment system,” the SARB said.

The central bank added said that the AC/DebiCheck project is an initiative of the collections industry that ensures the safety and efficiency of the NPS, and the mitigation of rogue and fraudulent behavior in the collections system.

Read: Absa launches QR payments

Must Read

Comments

Post a Comment

Popular posts from this blog

Which countries have the world’s largest coal reserves?

-
Image
  Visual Capitalist Elements   | September 15, 2021 | 8:58 am   Intelligence   Australia   USA   Coal   The Countries With the Largest Coal Reserves Cheap and abundant coal remains one of the largest sources of energy worldwide, even as governments set out goals to reduce greenhouse gas emissions. While jurisdictions in Europe and North America have been phasing out coal use in power generation, it has been on the rise in Asia. China and India are scrambling to provide electricity to a growing population and relying on coal power plants to meet demands despite the environmental costs. SIGN UP FOR THE ENERGY DIGEST Sign Up This infographic takes a look into the  BP Statistical Review of World Energy 2021 , and the 11 countries that make up  89%  of the coal reserves globally. Coal Reserves, by Country While countries need to phase out coal by 2040 to achieve the Paris Agreement goal of limiting global warming to 1.5ºC, consumption in key ...
Read more

MOTORS MARINE MAY 7, 2021 Boat of the Week: This 171-Foot Super-Luxe Sportfishing Yacht Is the Largest in the World

-
Image
  The epic vessel is a 30-knot "battlewagon" designed to chase marlin, swordfish and sailfish. It's also decidedly lavish. By  HOWARD WALKER           Courtesy Vripack To hook the world’s biggest fighting fish, in the words of Chief Brody in the classic 1975 movie  Jaws , “You’re going to need a bigger boat.” Privately owned  fishing  boats won’t come any bigger than this astonishing 171-foot super-luxury sportfisherman, set to claim the title of “World’s Largest Sportfish Superyacht.” Designed by Dutch naval architects  Vripack , and soon to start construction at the Royal Huisman yard in the Netherlands, Project 406 as it’s currently codenamed, will be a 30-knot “battlewagon,” designed to chase marlin, swordfish and sailfish to the ends of the earth. “Project 406 is a sportfishing machine on steroids,” Vripack co-creative director Bart M. Bouwhuis told  Robb Report . “It has the proportions of a typical American sportfishing ...
Read more

This New Ultralight Aircraft May Be World’s Fastest Single-Engine Business Jet

-
Image
  The speedy LAR-01's automotive interior adds comfort and luxury. Plus: The wings detach, so the jet can be stored in a home garage. By  MICHAEL VERDON           Courtesy Flaris The  Flaris  LAR-01 has a number of striking stats, including being a ton lighter (literally) than its competitors, along with an unusually short-field landing capability, and detachable wings. But its most impressive number is the 250-knot true air speed, which its designers say makes it the world’s fastest business jet among single-engine very light jets and turboprop aircraft. Flaris says recent tests “confirmed the assumptions made previously” about the effectiveness of multiple systems, including its Garmin G600 avionics and Flaris Flight Assistance System flight computer, as well as the landing gear and emergency parachute system. But it also claims more impressive stats like the 250-knot TSA at 10,000 feet. Its 6,000-feet-per-minute climb rate, adds the compan...
Read more