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JSE:TKG 19 June 2025

South Africa’s Internet Access Revolution: The Shocking Truth About Connectivity in 2025

South Africa’s Internet Access Revolution: The Shocking Truth About Connectivity in 2025

Telkom/Openserve’s ADSL subscribers fell below 36,000 by end-2024, down from over 1 million in 2015, as fiber-to-the-home subscriptions rose to 2.47 million. Over 69% of South Africans access the internet via mobile, while only 13% of households have fixed-line internet. Vodacom’s 5G covers 52% of the population, MTN 45%. Starlink’s entry remains blocked by licensing rules as of mid-2025.
19 June 2025
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Stock Market Today

  • Fed Chair Nominee Kevin Warsh Challenges Powell on Fed Balance Sheet Policy Impacting Markets
    May 3, 2026, 4:10 AM EDT. Kevin Warsh, poised to become Federal Reserve chairman, diverges sharply from Jerome Powell on the Fed's use of its balance sheet, a key tool alongside interest rates. While Powell's approach involves buying long-term bonds to influence rates, Warsh advocates shrinking the Fed's $6 trillion securities holdings. This reduction could drive bond prices down, pushing long-term interest rates up, with broad effects on financial markets, including stocks. The move risks market disruption, as seen in 2019 and 2022 when past balance sheet reductions triggered rate spikes. Warsh acknowledges a gradual unwind is needed but warns investors should expect significant market impacts. His stance signals potential shifts in Fed policy strategy amid ongoing political pressure to lower the fed funds rate.

Latest article

Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

US Stock Market Today: Live Updates 03.05.2026

3 May 2026
Rivian shares fell 8.4% to $15.02 after first-quarter results beat expectations, as investors focused on cash burn and profitability concerns. Trading volume jumped 78% above average. The company plans to ramp up R2 SUV production in Georgia to 300,000 units annually. Tesla and Lucid Group shares both rose more than 2%.
Vertiv Stock Tests AI Data-Center Rally as VRT Shares Hit Fresh Highs

Vertiv Stock Tests AI Data-Center Rally as VRT Shares Hit Fresh Highs

3 May 2026
Vertiv shares hit a 52-week high Friday before closing at $328.31, following a 30% jump in Q1 net sales to $2.65 billion. The company raised its 2026 outlook and recently acquired Strategic Thermal Labs, expanding its liquid cooling portfolio. Investors await further details at Vertiv’s May 19-20 conference in South Carolina.
AT&T Inc. Raises $6 Billion as 5G and Fiber Bet Enters a Debt Test

AT&T Inc. Raises $6 Billion as 5G and Fiber Bet Enters a Debt Test

3 May 2026
AT&T closed a $6 billion sale of long-dated notes on April 30, with maturities ranging from 2033 to 2066, according to an SEC filing. The company reported first-quarter free cash flow of $2.5 billion, down from $3.1 billion a year earlier, citing higher capital investment. AT&T is preparing to close a $23 billion purchase of EchoStar spectrum licenses. CFO Pascal Desroches said net debt to adjusted EBITDA rose to 2.71 times.
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