In essence yes, Naspers is really the South African firm that is failing to use its deep pockets to the benefit of building a robust and meaningful ICT structure - and who demonstrably free ride, and try to free ride on regulatory capture. There is an unfortunate tendency in SA to blame Telkom for all manner of things, and Telkom have failed this country, but the reality is a little more complex. The extent to which a particular line is taken by MWEB on LLU [which position really is to ask for Telkom to subsidize the dominant OLOs] and their aggressive blocking of innovation from Telkom Internet (which really should be thought of as any other ISP with its own challenges and comparative advantages) at the competition commission is truly retarding the prospects of breaking some of the deadlocks we are finding. It is greatly perplexing that MWEB falls operationally and structurally under Naspers "pay TV" division and that if we look at it holistically Naspers has massive exposure to foreign "dot com" bubbles [there exposure through Tencent] while really not betting on the SA market at all - despite the fact that we do have developers and are exporting more virtual service provisions every year. It really does appear that Naspers attitude towards the Internet is to compel Telkom to deliver the channel of distribution and Naspers to pull the revenue on every angle. There are exceptions, there was a major drive in the industry under a previous MWEB CEO, but ultimately Naspers more than Telkom has been the infringer of the consumer.
On the other hand if you consider Naspers in comparison to US cable operators who are currently making inroads to undermine the very fabric of the Internet it may be premature to grab your pitchfork.
Ye unfortunetly i am not even going to compare to other countries. With google handing out FREE 10mb fibre in some areas i feel the gap is too far to bridge. Whether they have their own Telkoms that run amok or not.
I just feel Naspers group takes R700 a month from normal South African house holds for tv, but that cant provide proper streaming for 2 games 4 times a month on a single channel. Its absoluut greed. Its not about you and I as paying customers anymore. Its not been for a while. Its about Naspers Vs the world and they dont care who they stepping on, on the way. Whilst their directors pull excessive bonuses.
They robbing South Africans of their right to paid to services. Whilst their propaganda is that Telkom is the enemy.
I have had my share of it when a Mweb call centre marketer (which i heard out because i feel for these guys doing their work to earn a living) told me that objection to their prices are unfounded and that I must continue to shop at shoprite, and if i changed my mind and felt like shopping at woolies that i must call them. Right there I lost all respect for them.
My call centre experience aside they are still screwing me eventhought I am a paying customer.