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Cyril Ramaphosa’s role in breaking Telkom’s monopoly
Before returning to politics, Cyril Ramaphosa was part of a group of investors who helped Seacom defeat government attempts to block the launch of its undersea cable in South Africa.
Seacom’s arrival broke Telkom’s monopoly in international fibre connectivity, triggering a revolution in the South African broadband market. Almost overnight, data prices dropped by more than 50%.