Kaya bizz talks to Duncan Mcleod, Editor Of Tech Central

Loading player...
• Vodacom and MTN must drop mobile data prices significantly, failing which the Competition Commission will consider prosecuting the two companies.
• That’s the warning from commissioner Tembinkosi Bonakele, who was speaking at the commission’s release of its final report into the data services market.
• Bonakele said the two operators charge too much for mobile data services, particularly when it comes to prepaid access. “This reflects a bias against the poor. We believe that an appropriate regulation is reasonable. How this will be achieved will be explained as we give more details on this report.”
• Trade and Industry Minister Ebrahim Patel said the government would act.
• “It was clear, according to the findings, that we have a competition problem in the market and that prices are higher than they should be compared to elsewhere in the world.”
• MTN and Vodacom could face prosecution if they do not agree with the Competition Commission to reduce the price of data in the next two months. Bonakele said the two companies should immediately lower prices by around 50%.
• The commission also recommended that the government must introduce regulations to combat excessive data pricing in the country.
• “We believe based on evidence that there is scope for reduction of prices between 30% and 50%. The failure of reduction within two months will lead to prosecution for excessive pricing.”
2 Dec 2019 11AM English South Africa Business News · Investing

Other recent episodes

ETFSA PANEL DISCUSSION: Excuse-Proof Investing: Turning Intent Into Action

Most people know they should invest. Far fewer actually do. In this special ETFSA panel discussion, Suzan Ramotshabi, Wendy Hlatshwayo and Gareth Stobie unpack the behavioural, emotional and practical barriers holding South Africans back from building wealth, and why successful investing is often more about habits than market expertise
30 Sep 1PM 52 min

Capitec's R9.5 Billion Question: What's Next?

Capitec delivered headline earnings growth of 19% to R9.5 billion while growing its client base to 26.6 million. But the bigger story may be what's driving that growth. CEO Graham Lee explains how fintech, insurance, payments and business banking are reshaping the future of the group and where the next…
30 Sep 1PM 10 min

Novo's New Strategy For South Africa

Novo Nordisk is now simply "Novo", but the rebrand goes far beyond a new name. Sara Norcross, VP and General Manager for South Africa, joins us to discuss obesity, hypertension, healthcare access and why addressing chronic disease has become as much an economic imperative as a healthcare one
30 Sep 12PM 16 min

Shadrack Sibiya Denies Grooming 16-Year-Old

Kaya News Reporter Keneiloe Huma joins Phemelo to unpack the latest developments in suspended, Deputy National Police Commissioner Lieutenant General Shadrack Sibiya’s bail application, including the allegations of rape, sexual grooming and human trafficking, which he denies.
29 Sep 3PM 9 min

From Spain to South Africa: Vukile's Next Growth Phase

Retail-focused property group Vukile Property Fund reported strong trading across its South African and European portfolios, supported by healthy sales growth, high occupancy levels and resilient leasing activity. CEO Laurence Rapp joins us to talk about expanding in Europe, integrating newly acquired Spanish and Italian assets, navigating currency headwinds and…
29 Sep 11AM 14 min