Data costs cut by up to 50%

MTN agreed to cut the cost of data bundles by up to 50% after SA’s competition watchdog warned in December that telecoms operators faced prosecution if they did not do so.

Godfrey Motsa, CEO of MTN SA, said a 1GB monthly data bundle will fall from R149 to R99, while Vodacom CEO Shameel Joosub said the network will reduce its mobile data prices across the board by as much as 40%.

Meanwhile, hotel operator Tsogo Sun Hotels said it closed 36 hotels after travel bans imposed by various countries to contain Covid-19 had caused a “total collapse of demand”, in a statement on the JSE. Tsogo added it is “endeavouring to assist” the public and private healthcare sectors with the provision of quarantine facilities to try and contain the spread of the virus using its deactivated hotels.

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Finweek 2 April - 15 April 2020

By the time you read this note, South Africa will be in lockdown. While President Cyril Ramaphosa’s address on the evening of 23 March was anticipated, waking up to that reality was surreal. Having watched over a 100 countries battle this pandemic, becoming one of them is a humbling equaliser. While I was writing this,...