SA's cellphone giants are hurting the economy and consumers with sky-high data prices, and making tidy profits in the process, according to Competition Commission boss Tembinkosi Bonakele. "Until now, for them [mobile operators] it has been about profiteering. It has not been about helping the poor or the economy," Bonakele told Business Times. He was speaking in an exclusive interview after Wednesday's release of a damning preliminary report on mobile operators and high data tariffs. PODCAST | Consumers are fed up with Telcos Subscribe: | Spotify | Apple Podcasts | Pocket Casts | The report slammed market leaders MTN and Vodacom for their pricing.Data costs consumers up to six times as much in SA as in other countries where they operate, and there is a lack of transparency in terms of out-of-bundle data rates, the report said.Both companies disagree, claiming to have slashed tariffs and out-of-bundle data rates by more than 70% this year. MTN and Vodacom also said...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.