Finally! The Competition Tribunal today fined Telkom R449 million for “abusing its dominance in the telecommunications market between 1999 and 2004.” The fine followed a decade-long investigation into the company’s practices. This immediately affected their JSE activity as well, with the share price falling this morning by 16c to R17,89.
A new study commissioned by inMobi, an industry research group, has revealed that a massive 70% of South Africans are unhappy with their cellphone providers. It’s not all about the prices either.