All data is delayed
See More

Didata lauds Zuma speech

Feb 11 2011 10:46
I-Net Bridge
Cape Town - Tax incentives, a job-creation fund and digital TV migration herald a golden opportunity for the South African information, communications and technology (ICT) industry, according to Dimension Data Holdings [JSE:DDT] chairperson Andile Ngcaba.

Speaking to I-Net Bridge immediately after Present Jacob Zuma delivered his state of the nation address on Thursday, Ngcaba said the measures announced meant that companies could confidently roll out infrastructure such as fibre-optic cables and whatever else was needed to improve connectivity in the country.

"The country needs thousands of kilometres of cable in order to improve connectivity as more and more undersea cables land," he said.

Zuma announced three main measures that would help create five million jobs over the next 10 years. These were the R9bn job-creation scheme, R20bn in incentives and tax breaks aimed mainly at manufacturing, and R10bn from the Industrial Development Corporation.

"The president also announced that the country would go ahead with digitial TV migration - that is a wonderful opportunity for the sector," Ngcaba said.

SA is converting its national broadcast system from an aged analogue service to digital.

"This means that set-top boxes (the devices used to convert digital signals for viewing on analogue TV sets) will have to be made here and there is a whole manufacturing plan," Ngcaba said.

He said at least 10 million households would have to have these devices installed.

jacob zuma  |  ict  |  state of the nation  |  digital tv


Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills.

Money Clinic

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

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote