President Cyril Ramaphosa claims that the ANC government favours competition. However, Vodacom, MTN, and Telkom’s past tell a different story.
President Cyril Ramaphosa ’s claims that the ANC government favours competition are patently false. They have actively tried to stifle competition in the South African telecommunications market.the economy at the Department of Trade, Industry and Competition’s Worker Share Ownership Conference at the Sandton Convention Centre.
He said that if South Africa’s economy had operated on all cylinders, it would have been far bigger, grown faster, and created more jobs.“Competition is good because it creates companies that can innovate and create more employment,” he said.Competition is indeed a core ingredient of any healthy economy. However, for Ramaphosa to claim that the ANC government welcomes competition is disingenuous.
Telkom was awarded half of one licence. It partnered with Vodafone and the Rembrandt Group to form Vodacom. Mobile Telephone Network received the second licence. Former Vodacom CEO Alan Knott-Craig said the ANC’s message was clear — the party was firmly opposed to privatising the public telecommunications network.
It became a major source of conflict between the NP government and the ANC alliance. Cosatu threatened strikes, and the ANC threatened to revoke the cellular licences when it came to power. Knott-Craig said the battle was defused by giving unions a BEE shareholding in the newly licensed cellular operators.Vodacom and MTN now provide millions of South African citizens with communications services and have become two of the most successful companies in Africa.
Cyril Ramaphosa Headline MTN Robert Horwitz Telkom Vodacom Telecoms
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MTN and Vodacom are SA's most valuable brandsMTN, Vodacom and Standard Bank are the most valuable brands in South Africa, according to Brand Finance.
Read more »
Vodacom and MTN’s prepaid online eSIM shameSouth Africa’s two biggest mobile networks have been sluggish in adopting prepaid eSIM support, while at least three MVNOs offer the ability to buy and activate eSIMs online.
Read more »
South Africa: President Ramaphosa, President Masisi to Visit Bus Accident Site in LimpopoPresident Cyril Ramaphosa and his Botswana counterpart, President Mokgweetsi Masisi, will on Thursday visit the site of a bus accident in Limpopo that claimed the lives of 45 people.
Read more »
Cell C taps another ex-Vodacom execCEO Jorge Mendes continues recruiting his lieutenants from his former employer Vodacom, in a bid to change Cell C’s fortunes.
Read more »
How DRC turned screws on Vodacom, other operatorsThe dispute over taxes might seem niche, but in the case of Congo the stakes are enormous.
Read more »
Vodacom Discontinues Facebook Flex ServiceVodacom, the mobile service provider, has discontinued its Facebook Flex service after seven years. The decision has sparked concerns among users, who speculate it is a cost-cutting move.
Read more »