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Good news on the cable front

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Positive moves over the weekend augur well for the fledgling undersea cable industry in South Africa. 

The first piece of good news involves a $700-million memorandum of understanding for a new submarime cable.
The announcement was made by the Department of Public Enterprises .
Infraco will have a 26$ stake in the cable, with 11 so far-unnamed private companies holding the balance.
Meanwhile, Business Day reports that Ivy Matsepe-Casaburri, Minister of Communications, may have overstepped her powers when she issued guidelines on undersea cables.
The guidelines include a stipulation that undersea cables landing in South Africa must be mostly owned by South African or African companies.
Legal experts have expressed the opinion that the guidelines contravene the Electronic Communications Act and usurp the role of ICASA (Independent Communications Authority of SA), which is the licensing authority.