This archive report was first published on 3 December 2019.
On December 2, 2019, the South Africa Competition Commission made a landmark announcement, ordering telcos to cut data prices by 30-50% or face prosecution. This move comes after years of outcry from citizens and analysts over excessive data prices.
The order has significant implications for the country's telcos, with MTN and Vodacom's share prices falling by 8.4% and 7.8% respectively in response to the announcement.
Competition Commissioner Tembinkosi Bonakele accused telcos of
