For the past five years, the cost of communicating and doing business in South Africa has been impeded by exorbitant charges. In my maiden speech in 2009, I signalled my desire to bring down the cost of communication. Today I am proud to report that South Africa is well on its way to reducing this cost. In November 2009, I issued a policy directive for Icasa to initiate a process to reduce the mobile termination rate, MTR, to cost. Simultaneously, I engaged in a process of consultation and discussion with the mobile operators for them to voluntarily begin to reduce the MTR. This culminated in an agreement for an initial cut of the MTR from R1,25 to 89 cents with effect from 1 March 2010. [Applause.]