My bad, Roy’s radically transformed our communications industry for the good of the people, better?
Sorry, just a bit frustrated with all the talk and little action.
I read your other post and agree that reforms like this do not happen overnight, but I ask myself when do they happen then?
South Africa also needs to be kept in a good light when it comes to foreign investment and Telkoms shares and profits taking massive knocks due to legislation won’t help matters in the short term either.
I believe that we need to also look at the moral issues as well here, and not just the financial, personal or political ones.
What does this say about the government and what they stand for?
When Telkom secured this monopoly they were also tasked with making telecoms more available and affordable to the masses.
Its clear that this has not happened, yet Telkom continue to churn out what has been described as obscene profits year on year to feed the greed of a minority.
These people are making fortunes whilst the country as a whole suffers.
What about the government’s responsibility to the people of this country, those that ultimately put them where they are today?
A fair portion of the money that is being taken by the shareholders is money that should be ploughed back into infrastructure, new technologies and services, yet we fall further and further behind most developed countries every year whilst their profits soar!!
Offering slower, lower bandwidth ADSL offerings to your original launch product, I mean common!!
When is enough enough?
Trouble now though is that the shareholders have become accustomed to the existing returns and anything short of that in the future will start putting questions marks on Telkom(TKG) stock. This also might make future foreign investors jittery.
If I had my way though, the 'people' would be walking behind the ministers with whips, forcing them to confront this issue headon and fast.
They know what needs to be done, yet Telkom forge ahead regardless.
Its gonna be funny when during his next state of the nation address, Thabo has to say that the SNO is still just around the corner and that not much has changed since his last little chat.
jmho
edit: Private companies that operate in South Africa have an important moral obligation to this country and the people in it given our troubled past.
Our government would argue that this is as important as the responsibility to the shareholders.