South Africa’s telecoms sector operators have been waiting for the planned auction of the country’s broadband spectrum. The Independent Communications Authority of South Africa (Icasa) started receiving applications for spectrum licences on 2 October this year. One of the major challenges in re-distributing the valuable lower frequency band is that broadcasters have not migrated away from the frequency that offers the best coverage in homes and buildings. Telkom says it is hesitant to pay for spectrum that is still being used by broadcasters, without a guarantee that the band will be freed for use. Telkom says it is on the back foot because competitors have already been allocated spectrum on this band, while Telkom has no sub-1GHz spectrum. The company told MyBroadband it tried to engage with the regulator over its concerns but was ignored. -Melani Nathan
"ICASA will mess up the industry for 20 years" — Telkom sues over 5G spectrum auction mybroadband.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mybroadband.co.za Daily Mail and Mail on Sunday newspapers.
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10 December 2020 06:31
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If you intend making a donation to someone or are the recipient of a gift, it is important to know and understand the tax implications thereof. Further, if you make charitable donations in pursuit of your philanthropic goals, there are certain tax benefits you can take advantage of.
According to Sars, a donation refers to gratuitous disposal of property or any gratuitous waiver of a right. This means that a donation does not have to take the form of money â it can include a physical asset or something that has a deemed value. Donations can include gifting a car to your child, helping a friend out financially, or anything else given away âfor freeâ. Even selling a property to your child at a discounted price will amount to a donation which may be taxable.