SHOCK WAVES ripped through the JSE as our DEEP DIVE into 2025’s tech shares reveals a DANGEROUS and DEEPENING DIVIDE – while slick fintech predators rake in BILLIONS, South Africa’s industrial backbone is being SYSTEMATICALLY DESTROYED. This is not a normal market report; this is a BLOODBATH.
The so-called “winners” – Weaver Fintech, Blu Label, MTN – posted OBSCENE gains of over 70%, but at WHAT COST? Weaver, a former mail-order company, now LURES millions into debt with its “PayJustNow” schemes, posting a 48% profit surge to R370-million by FEEDING on financial desperation. This isn’t innovation; it’s PREDATORY CAPITALISM.
Meanwhile, titans of South African industry and technology like Mustek, Altron, and Reunert are CRUMBLING into obscurity. These are the companies that built our digital infrastructure, and they are being LEFT FOR DEAD by a market obsessed with quick fintech fixes and consumer debt traps. The data exposes a HARROWING TRUTH: the future belongs to lenders and telecom giants, while real tech builders are sacrificed.
Even MTN’s CEO ADMITS the company is losing ground at HOME, with growth STAGNANT in South Africa as it pivots to chase digital dreams abroad. The “turnaround” of iOCO, a company once synonymous with a R10 BILLION corruption scandal, marks not a redemption but a CHILLING precedent: fail spectacularly, rebrand, and the market will REWARD you. What message does this send about accountability?
Edited for Kayitsi.com
Author: Kayitsi.com
