“I would like to appeal to all large businesses not to resort to force majeure and stop paying their suppliers and rental commitments , as such practice has a domino effect on all other businesses dependent on that chain,”
Industrial Development Corporation CEO, Tshokolo Nchocho spoke to CNBC Africa’s Chris Bishop about the IDC’s role in driving investment into South Africa’s mining sector.
Following the news of Telkom’s planned job cuts, the company sited spectrum and data regulations as one of the reasons for the company’s strategy change. So where does this leave the other giants in the telecoms sector with regard to the same issues. Sabelo Dlamini, Senior Research and Consulting Manager at the International Data Corporation joins CNBC Africa for more.
The Competition Commission of South Africa recently announced that South African telecoms companies MTN and Vodacom must reduce the prices of their mobile data. While consumers rejoiced at this news, critics argued that the commission had overreached. Sabelo Dlamini, Senior Research and consulting Manager at the International Data Corporation of South Africa says that he thinks the competition commission did not take the right approach to this. He joins CNBC Africa for more.
The Industrial Development Corporation’s funding activities have approved annual funding of R3 billion for funding of women-owned businesses. However, for one of South Africa's biggest industries, funding approvals for the mining sector declined on a year-on-year basis. Joining CNBC Africa for more is Tshokolo Nchocho, CEO,IDC.
According to International Data Cooperation (IDC), a total of 22.4 million smartphones were shipped into Africa during the second quarter of 2018. Mara phones, first ever made in Africa smartphones are already in the market ready to compete with big players and provide solutions to African needs. Ashish Thakkar, CEO of Mara Phone joins CNBC Africa for more.
Exponential technologies within business practices are rapidly changing the business landscape worldwide. But is Africa ready for this? A workshop themed “The Fourth Industrial Revolution” was held recently at the Industrial Development Cooperation in Sandton. The current impact of this revolution on South African businesses - in the context of financial inclusion, was discussed at this conference. CNBC Africa’s Chris Bishop asked Karabo Morule from Old Mutual how financial institutions will bring this to the mass population in South Africa’s smaller towns.
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