Nedbank, Vodacom and now retail giant Pick n Pay are among the growing list of South African companies to back the locally made Mara phone.
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President Cyril Ramaphosa cut short a trip abroad to deal with an escalating crisis at the state power company, as week-long blackouts threaten to tip the economy into recession.
Priscillah Mabelane, CEO of BP Southern Africa, is stepping down from the board of Vodacom Group, the telecommunications operator said on Monday. She will leave at the end of the month.
Telkom Group CEO Sipho Maseko has slammed the Competition Commission for intervening directly in prices in the data services market, warning using this “blunt and archaic” tool is an “ineffective instrument that may ultimately have unintended and deleterious consequences”.
The Competition Commission says data must fall; Vodacom and MTN say they need more spectrum. Ten years after communications regulator Icasa tried to license new spectrum, it still hasn’t happened.
The Competition Commission’s final report on the data services market in South Africa is, frankly, an embarrassment. It amounts to regulatory overreach and dangerous populism that could threaten billions of rand in planned investments in the coming years. By Duncan McLeod.
MTN Group on Wednesday issued a statement to investors in which it criticised the Competition Commission’s final report on the data services market in South Africa, saying it will “vigorously defend against over-broad and intrusive recommendations” by the commission.
The US has been warning other countries not to buy telecommunications gear from China’s Huawei and ZTE. The government will soon put real money behind the effort.
After a massive selloff on Monday, shares of South Africa’s biggest listed telecommunications companies continued to trade lower into Tuesday.
Vodacom and MTN must drop mobile data prices significantly, failing which the Competition Commission will consider prosecuting the two companies.