A war of words has erupted among Moshito board members over claims of bad corporate governance and a lack of accountability. Moshito Music Conference and Exhibition, which represents the South African music industry, is supposed to act as a clearing house, allowing its members to communicate on matters affecting the music industry.
While the global music industry is haemorrhaging and shrinking at alarming rates, South Africa's music industry is booming -- thanks in no small part to the phenomenal performance of locally produced music. On the whole South Africa's recorded music market grew by 22% last year in the number of units sold.
If the government gets its way a new giant could soon be stalking the telecommunications sector. The new player, which would own significant telecommunications infrastructure, would be an alliance between the government, the major shareholder, and Tata subsidiary VSNL.
South African broadband consumer activist website MyADSL pays more than R10 000 a month to host its website locally when it could host it overseas for a mere R700. These exorbitant local hosting costs are causing South Africa's ICT sector to fall behind international standards as content developers are prevented from using multimedia delivery.
The exploitation and damage done to human beings by apartheid is clearly documented, but the long-term damage wrought on the environment is not as readily recognised. For over 40 years the Orange river estuary, home to a unique wetlands system, was degraded by the effects of upstream farming and a road built by mining companies.
The good news is house prices are up 14% on last year. The bad news is this is the slowest growth in prices in four-and-a-half years. While lower transfer fees -- after lower transfer fees were announced by Minister of Finance Trevor Manuel in the Budget -- were expected to bring resilience to the sector of the market up to R1-million, the cooling down in prices is across all sectors.
South Africa's telecommunication industry is so poorly structured that an industry worth several billion has sprung up in its shadows, offering cut-price calls. The LCR or least-cost routing industry is saving businesses up to 40%, through implementing savings on the cellphone portion of their Telkom bill.