Ana Lucía Coronel, who heads the IMF team for South Africa, said: “The recommendation of IMF staff is to increase competition in all sectors, so that more private companies, domestic and foreign, could invest and compete in the production of services – not only in telecommunications, but also in energy, transport, and other sectors”.

The IMF also said that the use of technology still has a long way to advance in South Africa, given the potential of the economy.

The lender said the cost of internet in the country is high and the quality is low, because there are very few competitors.

South Africa’s economy is known to be characterised by high levels of [...]