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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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Anglo American names new bosses for bulk commodities unit, Kumba Iron Ore

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ANGLOR516.90-3.08%10/6/2021, 11:15:48 AM
 
KUMBAR463.58-2.54%10/6/2021, 11:15:41 AM
Image: Nadine Hutton/Bloomberg

London-listed miner Anglo American said on Tuesday Mpumi Zikalala, who currently heads its De Beers business, will replace Themba Mkhwanazi as CEO of its subsidiary Kumba Iron Ore.

Mkhwanazi will become the boss of Anglo’s bulk commodities unit. The company said both the appointments will take effect from January 1 next year, adding that a search for De Beers’ new managing director was underway.

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So, cute Fanie, how is it going with your “burning ambition”? Wanting to retire with a final bang of a bonus, leaving a sucked-out empty shell of a company, me thinks.

 

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