Finance minister Tito Mboweni said the South African economy could contract as much as 6.4% this year due to the coronavirus outbreak and the budget deficit could swell to more than 10% of GDP.
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Telkom is introducing a new wholesale product for ISPs that will mean consumers can directly obtain a broadband service from their ISP and will no longer be required to buy a copper line from Telkom’s retail division.
Ethiopia moved closer to liberalising one of the world’s final frontiers for telecommunications by publishing the final draft of directives. South Africa’s MTN Group and Vodacom Group are keen to invest.
Morai Solutions, one of three companies to be awarded temporary access to radio frequency spectrum to deploy television white-spaces networks during the Covid-19 pandemic, has set out its plans.
Strive Masiyiwa, the Zimbabwean telecommunications tycoon, has launched an appeal for help for Sudan and Zimbabwe to fight the coronavirus outbreak.
Net1 UEPS Technologies is seeking to place a subsidiary that’s been ordered to repay hundreds of millions of rand to the welfare department in business rescue.
Trade & industry minister Ebrahim Patel has effectively shot down requests by online traders to allow unfettered e-commerce in South Africa, saying doing so would be seen to be “unfair competition”.
Government has announced the permissions and restrictions under level 4 of the Covid-19 lockdown, with all telecommunications and ICT services and products available for purchase and trade.
The continued ban on unfettered e-commerce, and a possible extension of this ban beyond next Friday, is “incomprehensible”, according to Takealot.com CEO Kim Reid.
Facebook is introducing new Messenger Rooms that can host groups of people on video – including those who do not have an account.