Browsing: Malusi Gigaba

News
Spectrum release would cut data prices: MTN

MTN South Africa CEO Godfrey Motsa has implored government to release spectrum in the 2.6GHz band, saying the move could cut the price of a 1GB data bundle to R50 overnight. Motsa, who was speaking

News
Task team to manage sale of Telkom shares

Telecommunication & postal services minister Siyabonga Cwele says government will soon establish a task team to engage Telkom on the sale of a portion of its shares to address a revenue shortfall. The minister

News
Government to sell Telkom shares, Gigaba says

Finance minister Malusi Gigaba said on Wednesday that government will sell a “portion” of its 39.3% stake in Telkom to ensure the fiscal expenditure ceiling is not breached. “We have decided to dispose of

Current affairs
Gigaba paints bleak fiscal picture

South Africa forecast higher debt and wider fiscal deficits over the next three years, heightening the risk of further credit ratings downgrades as a fight for control of the ruling party limits policy choices. The nation’s

News
National treasury talks up spectrum auction

National treasury’s medium-term budget policy statement, published on Wednesday, has punted the idea of a spectrum auction to allocate scarce radio frequency spectrum, potentially putting finance minister

Current affairs
Gigaba staring into R40bn tax hole

Finance minister Malusi Gigaba faces a gaping budget hole — and will have to consider cutting spending, raising taxes and selling state assets if he wants to avoid further ratings downgrades. The economy he oversees is hampered by

News
Telkom withdraws cautionary over state sale

Telkom on Thursday withdrew a cautionary announcement it had issued in late August over speculation that government could sell its 39.3% stake in the company to bail out South African Airways. The telecommunications operator’s

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