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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Burkina Faso increases state ownership in gold projects as new mining law takes effect

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 11 June 2025 03:48 PM

A new regulation in Burkina Faso will allow the country to earn more from its gold resources by increasing the government’s ownership in major mining projects from 10% to 15%

Burkina Faso increases state ownership in gold projects as new mining law takes effect
Burkina Faso increases state ownership in gold projects as new mining law takes effect
  • Burkina Faso has increased its government equity stake in major gold mining projects from 10% to 15% under its new Mining Code.
  • The nation ranks as the fourth largest gold producer in Africa, with gold accounting for over 70% of its export revenue.
  • This change enables Burkina Faso to earn more from gold mining without additional costs while maintaining existing contractual terms.

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Burkina Faso has officially increased its free-carried equity stake in key gold mining projects from 10% to 15%, aligning with the provisions of its new Mining Code adopted in August 2024.

This adjustment affects several high-profile assets, including the Sanbrado, Kiaka, and Toega projects operated by Australia-listed West African Resources.

The company agreed to the new terms after talks with the government and other key players in the mining industry.

In simple terms, this new regulation means Burkina Faso will now earn a bigger slice of the gold profits from mines on its land, without having to spend a dime.

Mining Weekly reports that aside from the change to the State’s equity interest, all other key terms of West African Resources’ existing mining agreements with the Burkina Faso government remain unchanged.

“Our 2025 cost and production guidance of 190,000 to 210,000 ounces of gold at an all-in sustaining cost of less than $1,350 per ounce remains intact,” said West African Resources Chairperson, Richard Hyde.

He added that construction at the Kiaka project is progressing on schedule and within budget, with the first gold pour expected early in the third quarter of this year.

Captain Traoré’s decision to reform Burkina Faso’s mining laws was largely driven by a desire to reassert national control over a sector long dominated by foreign interests
Captain Traoré’s decision to reform Burkina Faso’s mining laws was largely driven by a desire to reassert national control over a sector long dominated by foreign interests

Burkina Faso’s status as a gold producer has grown significantly over the past two decades, making it one of Africa’s leading gold-producing countries.

The nation ranks fourth in gold production after Ghana, South Africa, and Sudan. Gold is Burkina Faso’s most valuable export, contributing over 70% of export earnings and serving as a cornerstone of its economy.

Since taking power in 2022, Captain Ibrahim Traoré has made resource sovereignty a core priority, insisting that Burkinabè citizens must benefit more from the country’s gold wealth.

Under his leadership, the government adopted a new Mining Code in August 2024, raising the state’s free-carried interest in mining projects from 10% to 15% to strengthen national control and revenue.

Captain Ibrahim Traoré’s decision to reform Burkina Faso’s mining laws was largely driven by a desire to reassert national control over a sector long dominated by foreign interests.

For years, foreign companies from Canada, Australia, and the UK have dominated Burkina Faso’s gold sector, contributing capital and expertise but offering limited benefits to local communities.

Most profits have been repatriated, with only small portions retained through taxes and minimal state equity.

Under the revised 2024 Mining Code, all mining firms must now grant the state a 15% free-carried interest giving the government a larger, cost-free stake.

West African Resources, which operates key projects in the country, says it supports the new rules following consultations with government and industry stakeholders.

The reform reflects a broader push across Africa for fairer mining deals, greater transparency, and stronger national benefit from natural resources.

Solomon EkanemSolomon EkanemSolomon is an Editor at Business Insider, with a keen focus on African development and global economic trends

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