Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

SA broadband far below average

Nov 19 2009 17:21

Related Articles

Bringing down broadband

Internet marketing gains ground

iBurst completes restructuring

Broadband Infraco scores licence

No more telecoms 'rip-offs'

'Faster broadband soon'

 

Top Stories

Sizeable drop in petrol price expected

May 24 2012 17:31

The Reserve Bank will maintain current interest rates, and a sizeable reduction in the local petrol price is expected, says governor Gill Marcus.

Interest rates unchanged

May 24 2012 15:29

The Reserve Bank will maintain current interest rates, says governor Gill Marcus.

UK recession deepens

May 24 2012 12:00

Britain fell deeper into recession than initially thought in the first quarter of 2012, upping chances that the central bank could inject more stimulus into the economy.

 
Share Share line Print

Johannesburg - South Africa's internet broadband penetration is at two percent, far below the global average of 22.5%, Communications Minister Siphiwe Nyanda said on Thursday.

"The statistics put the global rate of average penetration for broadband at a mere 22 and half percent, with South Africa only accounting for just over one million broadband connections which translate to a penetration rate of only two percent," he said.

"We have not been able to meet the objective of ensuring that as many people as possible have access to what is undoubtedly rapidly becoming a basic tool, the internet," Nyanda said in a speech prepared for delivery at the National Broadband Policy Colloquium in Midrand.

He said this situation ran counter to the government's desire to create an "inclusive, information society".

"Statistics tell us that broadband penetration in our country is low because of, among other things, the lack of adequate infrastructure and the high cost of accessing broadband services," he said.

The minister promised to partner with affected communities and build the necessary infrastructure.

He said government agencies and parastatals had "a key role to play in helping the country move with precision in the roll out of required infrastructure to ensure the availability of accessible and affordable broadband services."

Government initiatives could be used to reach communities without internet access and which were not financially viable for private-sector companies to invest in.

- Sapa

 
 
Comment on this story
0 comments
Comments have been closed for this article.
Facebook's intrinsic value
May 23 2012 11:32

When it comes to judging a company’s worth, value investors like Warren Buffett look at intrinsic value. By that measure, Facebook’s shares are worth less than $10. A Reuters analyst breaks down the math. (Reuters)

Bertie

For those of you who are only now dropping in on the conversation, its about the value of an outsider's approach. And I am describing my own way of looking at things. We are still looking at that part where we are  trying to understand the issue.   First we had carefully to list our assum... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...