Capitec Connect cuts data prices: 10GB for R199

Published: 2023-09-20 11:11 +02:00 by Staff Reporter tag: Internet and connectivity

Capitec Connect is the latest to challenge South Africa’s mobile incumbents with a cut-price prepaid data plan.

Capitec’s mobile virtual network operator (MVNO) is the latest to challenge South Africa’s mobile incumbents with a cut-price prepaid data plan.

Capitec Connect said on Wednesday that it now offers a 10GB prepaid bundle for R199. That’s “50% less than industry rates”, it claimed.

Capitec launched Capitec Connect in 2022 and has issued more than a million Sim cards since then – although it did not say how many of those are active subscribers. It roams on Cell C’s network – which, in turn, relies on MTN for last-mile connectivity.

Francois Viviers, group executive of marketing and communications at Capitec, said in a statement that the 10GB plan is a response to changing customer needs in a challenging economy.

Capitec launches MVNO, promising data that doesn’t expire

“Clients that use large amounts of data within a month do not need non-expiry but value lower prices on large bundles,” said Viviers. “We’ve met this need with the new 10GB prepaid bundle to provide much-needed relief in ensuring more people stay connected without adding strain on their budgets.”

The 10GB prepaid data expires 30 days after purchase. — © 2023 NewsCentral Media

Get the latest tech news in your inbox at 5am daily

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.