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Ramaphosa's pseudo-economics won't lower data prices by 2024


The author, Martin van Staden, says
President Cyril Ramaphosarecently directed communications minister Stella Ndabeni-Abrahams to cut the price of data by 50% by 2024. This not only shows that government thinks it is immune to the laws of economics, but also that it operates under the assumption that it can solve a problem it helped create. Only an economy freed from the pseudo-economics of misguided public policy will deliver the lower data prices everyone wants.
It is generally assumed that that the perceived high price of data in South Africa is due to the arbitrary greed of data providers. While there is always (rightly) a measure of self-interest at play, this assumption fails to capture a host of factors that contribute to the cost of data in South Africa. ....

South Africa , Cyril Ramaphosarecently , Martin Van Staden , Stella Ndabeni Abrahams , University Of Pretoria , Her Department , Electronic Communications , Gauteng Township Economic Development , Electronic Communications Act , Gauteng Township Economic Development Bill , Law Board , Free Market , Real Digital Divide , பல்கலைக்கழகம் ஆஃப் ப்ரிடாரீய , அவள் துறை , மின்னணு தகவல்தொடர்புகள் , கௌஊட்டெங் டவுன்ஷிப் பொருளாதார வளர்ச்சி , மின்னணு தகவல்தொடர்புகள் நாடகம் , கௌஊட்டெங் டவுன்ஷிப் பொருளாதார வளர்ச்சி ர சி து , சட்டம் பலகை , இலவசம் சந்தை , ரியல் டிஜிட்டல் பிரி ,