Telecoms Revenue In South Africa Hit R272-billion In 2024, Icasa Says

Social media usage has been identified as one of the main drivers behind the strong growth in broadband connectivity last year, with both mobile and fibre connections contributing to the expansion.

This is according to communications regulator Icasa's "The State of the ICT Sector of South Africa" report, published earlier this week.

"In 2024, the telecoms sector in South Africa experienced remarkable growth. This growth was primarily propelled by a substantial 10 surge in mobile services, reflecting a strong demand for connectivity and the expansion of mobile network offerings," Icasa said in the report.

"Additionally, fixed internet and data services saw a remarkable increase of 15, highlighting a significant shift towards more robust and high-speed internet solutions among consumers and businesses," it said.

At 6, the CAGR of mobile services between 2020 and 2024 outpaced the 4 average for the sector. Revenue for mobile data services increased by a CAGR of 9 in the same period.