Last week Ecocash woke up to a national apology announcing that they have cancelled their Bank to wallet promotion, where 15 cows were up for grabs, and of course as usual, yours truly was smelling a rat.
Unfortunately most Ecocash fans and ignorant commentaries took it to the social media blaming Ecocash for failing to to fulfil their end of the promise, and one would just wonder if Ecocash really failed to deliver the promised cows.
However sources close to the developments have divulged to TechnoMag that the Bankers Association of Association , (BAZ) has written to the Reserve Bank Of Zimbabwe, (RBZ) complaining about the “huge cash movements” into Steward bank.
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The move is alleged to have been sanctioned by the RBZ, effectively banning Ecocash from running such a promotion, but now here is the irony.
#MondayBlues Netone Interviews for CEO, Outcry Over Transparency
NetOne has started interviews and allegedly completed the process under very shrewd circumstances as they seek replacement for Lazarus Muchenje TechnoMag can reveal.
Sources close to the developments told TechnoMag that a private company Proserve consultancy was contracted for the job and has only favoured the opportunity to only 3 candidates who have already attended the process some weeks ago.
However there has been an outcry over transparency and professionalism over the process as many competent candidates were never invited for the interviews, neither were they responded to their applications.
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Government Empowers Potraz to Install a Monitoring System Across all Mobile Networks.
The Zimbabwean Government has passed Statutory Instrument 94 of 2021 which empowers the Postal and Regulatory Authority of Zimbabwe Potraz, to install a Telecommunications Traffic Monitoring Systems (TTMS) across all mobile networks operators.
According to the Statutory instrument, all mobile networks are effectively demanded to comply with the directive and must not cause any delay otherwise they shall be found guilty or liable of a crime, less than level 19, that carries imprisonment term of not more than 6 months .
The system will be physically installed at all mobile network systems at a layer that gives them the desired results to remotely monitor and access networks traffic.
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#MondayBlues: Is Telecel Also Lying About Their Growth?
Telecel Zimbabwe reportedly increased their active mobile subscribers!
Really! Is this true that we have 1670 new subscribers that have joined Telecel Zimbabwe, making it 727,094 active subscribers. What has motivated these very few people to activate and use to record (even very insignificant) such a growth.
The only thing positive about telecel is them increasing with a 0,2% growth in active mobile telephone subscriptions in the quarter under review, reaching 727 094 from 725 42 recorded in the 3rd quarter of 2020.The information needs to be verified that all the mobile operators recorded an increase in active subscriptions.
Last week, yours truly was not amused by information presented by mobile network operator Netone to Potraz.This report must be fool proof and fact checked as it gives the sector its direction and trajectory.
Dark Fibre Africa New IAP Sees Opportunity In Zimbabwe.
A newly licenced Internet Access Provider, (IAP) Dark Fibre Africa, (DFA) has said that they still see vast opportunities in Africa and Zimbabwe as well.
While many may have argued that the Zimbabwean market is already saturated and no longer profitable as most urban consumers have already been connected, DFA feels otherwise.
Remgro-owned Dark Fibre Africa (DFA) says it still sees opportunity in its niche, driven by higher demand for internet services during the Covid-19 pandemic.
The DFA is a wholesale, open-access fibre infrastructure and connectivity provider in SA. It forms part of Remgro’s telecommunications investments, through Community Investment Ventures Holdings (CIVH), which owns businesses including fibre-to-the-home company Vumatel
Telecel Zimbabwe Records $8 million loss.
Telecel Zimbabwe, the third largest mobile network in Zimbabwe has not found it as a walk in the park lately since January 2021 financial Perfomance.
The company that has been suffering brain drain, lack of investment and struggling to strategies way out of the doldrums has been singing the blues with their financials heading south.
The recent financials gleaned by TechnoMag reflect a major drop, with ballooning costs and expenditures galloping their dwindling revenues.
Telecel Zimbabwe recorded a loss of $8 195 from a gross profit of $44 446 million which was destroyed by total operational costs of $52 641 million.
The once mobile giant has been licking their wounds like a wounded lion that has had its domain taken over by a more powerful king in this case the likes of Econet who have been dominating year in year out despite their exorbitant charges and worse even the troubled Netone entangled in mishaps over CEO Lazarus Muchenje have even fared better than Telecel Zimbabwe.
Telecel seemingly has suffered a shortage of common sense to turn it around with no pragmatic solutions and what used to be the fastest growing and most promising mobile network in Zimbabwe is now a shadow of its formerself.
Since Vimplecom pulled out of Telecel Zimbabwe, the company has been on a free fall and no one really seems to care!
Telecel ZWL ‘ TOTAL REVENUE WAS 67 857 00 FROM A BUDGET OF 85 848 000 WHOSE VARIANCE WAS 17 991 00 A MINUS 27 % PATHETIC RIDE TO BRING HOME.
Actual gross margin was 65 % whose budget was 66 % with a 0% variance whilst actual total operational cost was 52 641 budgeted at 73 336 and a variance of 20 695.
Telecel Zimbabwe will soon become another National Railways of Zimbabwe, another Zisco steel, another CSC, mainly because there is strong appetite to destroy functional State owned enterprises and those in charge do not just care.