SARB regulations also in a mess....
https://www.moonstone.co.za/sarbs-new-exchange-control-rules-draw-criticism/
https://www.moonstone.co.za/sarb-softens-exchange-control-rules-but-barriers-for-non-residents-remain/
In early 1994 Telkom was the dominant telecommunications player in South Africa, and the newly-licensed Vodacom and MTN were set to launch commercial cellular services later that year.
With only two mobile operators in the country it must have been tempting to avoid engaging in a price war, and...