Disruptive Technologies in South Africa and Sub-Saharan Africa: The Case of Mobile Telecommunications Services
The last decade around the world has been marked by digital transformation of the economies and societies. In most developed countries, almost every single household got fast broadband Internet connection, while mobile operators have been covering the globe with LTE networks, which offer high-speed Internet connections on mobile devices. These investments in telecommunications infrastructure and increasing number of people with fast Internet connections on fixed or mobile networks resulted in explosion of innovative Internet services, which impacted the functioning of almost every single traditional industry including the media, retail, and transportation. The impact of digital markets on individuals, households, and small business is gaining a momentum with the emergence and rapid growth of online social platforms, peer to-peer lending, crowd-funding services, and many other online platforms.