Benefits of regulation vs. competition where inequality is high: The case of mobile telephony in South Africa

South Africa is the most unequal country in the world, with a Gini coefficient of 0.63 in 2015 according to World Bank statistics. This is a consequence of apartheid-era racial discrimination policies (Leibbrandt et al., 2010). The top 10% of income-earners earn thirty times more than the bottom 10%.
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