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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INVEST IN YOU: READY. SET. GROW. More than 90% of millionaires used these five tools to build wealth

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 INVEST IN YOU: READY. SET. GROW.

More than 90% of millionaires used these five tools to build wealth

Robert Exley Jr.@ROBERTEXLEY
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VIDEO02:53
Most millionaires do these five things with their money

Being a millionaire may be more common than you think.

About 20 million people in the U.S. have enough assets to fit the definition, according to a 2020 study by Credit Suisse.

Chris Hogan, radio host and author of the book “Everyday Millionaires,” surveyed more than 10,000 of those wealthy individuals to figure out their secret to success. He learned that most millionaires aren’t the jet-setters portrayed on television.

“These are regular, hardworking, everyday people. They’re not flashy,” Hogan said. Most of them accumulated their wealth over time by making wise decisions, according to Hogan.

Having a particular mindset almost universally contributed to millionaires’ success, Hogan said. He found that around 97% of millionaires surveyed believed they were in control of their own destiny. That is much higher than the 55% of the general population Hogan found to hold the same opinion.

Check out this video to see the other four beliefs and practices that more than 90% of millionaires apply to their money.

More from Invest in You:
‘Predictably Irrational’ author says this is what investors should be doing during the pandemic
Coronavirus forced this couple into a 27-day quarantine amid their honeymoon cruise
How to prepare for a family member with Covid-19

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorn

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