Author: Gugu Lourie

Telkom Consumer’s operating revenue climbed 5.7% to R20.5 billion for the third quarter ended 31 December 2025, fueled by growth in both mobile and fibre services, the Telkom Group announced today. The consumer unit – led by Lunga Siyo – continues to gain traction through targeted customer value management initiatives and aggressive fibre expansion, reinforcing its position as South Africa’s fastest-growing mobile and fixed broadband provider. Mobile Momentum Total revenue for the Mobile business grew by 5.5% to R6.716 billion, driven by mobile service revenue expanding by 7.2%. Pre-paid service revenue—powered by Customer Value Management (CVM) platforms—improved by 11.6% and…

SA’s largest wholesale network provider Openserve has crossed the 1.5 million homes passed milestone with fibre, while maintaining its industry-leading connectivity rate at 52.4%, Telkom Group disclosed in its latest JSE trading update. The wholesale unit’s overall revenue grew by 2.2%, driven by fibre-related data revenue, which climbed 8.7% (or R204 million). Fibre-related revenue now accounts for 87% of Openserve’s operating revenue, underscoring the strategic shift away from copper. “Our exceptional network reliability resulted in uptime of 99.84%, 99.92% and 100.00% across access, transport and core network, respectively,” Telkom reported. “Our Net Promoter Score (NPS) was 79.2 for the quarter…

BCX is entering a critical leadership transition as long-serving industry veteran Jonas Bogoshi prepares to retire, handing over the reins at a time when the enterprise business unit continues to bleed revenue amid cautious client spending. The telecommunications and IT services provider, owned by JSE-listed Telkom Group, confirmed that Bogoshi—who joined as chief revenue officer in April 2018 before being promoted to CEO later that year—will step down effective 1 March 2026. His departure comes as BCX grapples with a 9.3% revenue decline in the third quarter of FY2026 and a 5.9% drop year-to-date, dragged down by continued strain in…

President Ramaphosa confirms nearly 30 companies have signalled interest in building South Africa’s first high-speed rail network — with Johannesburg to Durban and Johannesburg to Musina corridors in the crosshairs. South Africa’s long-awaited bullet train dream just shifted into a higher gear. Delivering the 2026 State of the Nation Address, President Cyril Ramaphosa revealed that nearly 30 companies have formally expressed interest in participating in the country’s proposed high-speed rail corridors. “We continue preparations for the introduction of high-speed rail in South Africa, covering routes such as Johannesburg to Musina, and eThekwini to Johannesburg,” Ramaphosa said. “Nearly 30 companies indicated their willingness…

In a decisive State of the Nation Address on Thursday, President Cyril Ramaphosa laid out an ambitious plan to digitise the South African state while simultaneously unleashing artificial intelligence and data analytics on criminal syndicates flooding the country with counterfeit goods. “We will harness digital transformation as a driver of growth, inclusion and effective service delivery,” Ramaphosa declared. “This year, Home Affairs will launch the Digital ID to enable safe and secure use of digital services for all South Africans.” The sweeping reforms will digitise driver’s licenses, matric certificates and Master’s Office services. Citizens will soon file police statements online…

 Vuma, the Maziv-owned high-speed fibre-to-the-home operator, has officially surpassed the one million subscriber milestone—a number that reflects not just growth, but a profound shift in how South Africa connects. What started as a grassroots project in the streets of Parkhurst has surged into a nationwide digital revolution. Today, Vuma stands as a titan of transformation, having successfully bridged the digital divide and turned a bold vision into a reality for a million households. This achievement is a resounding declaration: world-class connectivity is no longer a luxury—it is a fundamental right. It’s also a powerful testament to Vuma’s commitment to digital inclusion. “Reaching…

In a strategic move aligned with Egypt’s national digital transformation agenda, Vodacom Group has announced a significant intangible asset valuation stemming from its majority-owned subsidiary, Vodafone Egypt. Following an announcement by Egypt’s Ministry of Communications and Information Technology (MCIT) and the National Telecommunications Regulatory Authority (NTRA) on February 7, 2026, Vodafone Egypt has secured critical spectrum, leading Vodacom to report a $350 million (R5.5 billion) intangible asset. Background: Vodacom, Vodafone Egypt, and a Pro-Investment Landscape Vodacom Group is a leading African telecommunications company, operating in multiple countries across the continent. Its largest and most strategic asset is its majority stake…

Vodacom Group has released a strong trading update for the quarter ended 31 December 2025, showcasing sustained momentum across its diversified portfolio. Group revenue grew 11.0% to R43.9 billion, with service revenue up 12.7%. Strategic Milestones and Financial Performance The quarter was marked by significant strategic progress. Shameel Joosub, Vodacom Group CEO, commented: “We made significant strategic progress, marked by two milestones that strengthen our long-term growth profile.” He highlighted the final approval for the Maziv fibre acquisition in South Africa and the agreement to increase Vodacom’s effective stake in Safaricom to 55%, calling it a “landmark transaction.” From a financial perspective, Joosub noted: “The…

Haier, which has ranked No.1 in Euromonitor International’s Global Major Appliances Brand Retail Volume for 17 consecutive years, has officially launched in South Africa. This strategic move is driven by the nation’s ongoing urban development, increasing household electrification, and a rising demand for premium, energy-efficient home appliances. A Market of Strategic Potential South Africa represents a key opportunity within Haier’s global vision of “More Creation, More Possibilities”. The market is characterised by a clear consumer shift toward smarter living solutions and higher-quality home experiences. Haier’s entry reflects a long-term commitment to addressing these evolving needs by combining globally proven technologies…

Today marks the launch of ZAR Universal (ZARU), a new institutional-grade stablecoin pegged to the value of the South African Rand. ZARU is designed to modernise payment and financial infrastructure, enabling both retail and institutional users to transact at the speed of the internet while bolstering the local financial system. The initiative is a powerful collaboration between major South African financial players: A collaboration of Luno, Sanlam Specialised Asset Management (Pty) Ltd, EasyEquities and Lesaka are launching a Rand-backed stablecoin called ZARU. Every ZARU issued will be backed by high quality liquid assets denominated in Rand managed by Sanlam Specialised…