A digital copy of the Business News 24 (24 June edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.

1. News Update as @ 1530 hours, Tuesday 24 June 2014
Feedback: bh24admin@zimpapers.co.zwEmail: bh24feedback@zimpapers.co.zw
By Tawanda Musarurwa
Zimbabwe is not in the first batch of
ACP countries to receive EU support
under the 11th European Development
Fund (EDF). Zimbabwe has missed out
the last two EDFs due to the sanctions
the EU imposed on the country.
Imposition of the sanctions meant that
Zimbabwe could not benefit from the
EU's financing of budgetary support
and support for projects, and was
suspended from the 9th EDF National
Indicative Programme.
But Zimbabwe is likely to be part of the
11th EDF as the EU has been gradually
easing the sanctions since 2012, and
their complete elimination (which is
possible this year) will help revive capi-
tal flow in the country.
Although Zimbabwe has come up with
its National Indicative Programme
(NIP) for the 11th EDF - which will see
the country receiving over €200 million
for the three sectors of health, agricul-
ture-based economic development and
governance & institution building - it is
yet to be approved by the EU.
The NIPs outline the strategies and
priorities of how EU aid will be applied
in a country, and is a result of close
collaboration between the EU and the
partner country to reflect the Govern-
ment’s own policies and needs, as well
as ensuring support for national prior-
ities where the EU has a value added.
Last month Finance Minister Patrick
Chinamasa said Zimbabwe's NIP "was
in line with ZimAsset." It will therefore
be one key source of funding for pro-
jects outlined under the country's eco-
nomic blueprint. However, with the first
batch of ACP countries having had their
NIPs approved during the ACP-EU Joint
Council of Ministers held last week in
Kenya,Zimbabwewillhavetowaituntil
early next year to see if its NIP will be
approved. The NIPs for the remaining
ACPstatesarescheduledtobefinalised
and signed by early 2015.
The financial allocation available for
ACP countries under the 11th EDF
(covering 2014-2020) amounts to
more than €31.5 billion.
The first batch consists of 16 countries,
with a total of more than €4.6 billion of
EU support having committed towards
national development strategies in 16
ACP countries.
In a statement ACP said ministers from
15 African states (Botswana, Côte
d'Ivoire, Djibouti, Ethiopia, Gabon,
Ghana, Kenya, Mauritania, Niger, Sao
Tome & Principe, Sierra Leone, Soma-
lia, Swaziland, and Tanzania) and one
Caribbean (Suriname) co-signed the
first National Indicative Programmes
(NIPs) under the 11th European Devel-
opment Fund for the period 2014-
2020, with European Commissioner for
Development Andris Piebalgs. •
Zim to wait until 2015 for 11th EDF approval
Minister Chinamasa

2. 2 TECHNOLOGY
By Rumbidzayi Zinyuke
Econet Wireless is working expanding
its 3G and 4G services to pave way for
the introduction of an entirely Internet
Protocol (IP) network which will ena-
ble the transmission of information
between devices and individuals with
speed and ease.
Speaking at the launch of Econet’s Plat-
inum Suite in Borrowdale this morning,
chief executive Douglas Mboweni said
the network would allow them to cater
for customers’ needs as technology
evolves.
“The kind of network we have to build
is what is known as the 20-20 network.
It is an entirely IP network that is smart
and enables communication between
devices,” he said.
Econet launched its 4G service last
year in preparation for the UNWTO
general assembly co-hosted with Zam-
bia, becoming the seventh network in
Africa to introduce the product.
Mboweni said the company would
invest an undisclosed amount in
expanding both its 3G and 4G services
while awaiting the roll out of the 5G
service by other players.
“Wearelivinginanagewhereconveni-
ence, speed and security are key. 4G is
already operational and we are looking
at expanding it to other areas as part
of the investment we are working on.
There is still a lot of work that needs to
be done in 3G and 4G but 5G is a tech-
nologyalreadybeinglookedatbyother
players and we are watching it closely.
As soon as we find that it is ready for
roll out then we will go for it because
our issue is to make sure that our cus-
tomers continue to enjoy speed on
their devices,” he said.
He said Zimbabwe is lagging behind in
e-commerce and the new IP network
will encourage internet buying which is
faster and more convenient than going
to the shop physically.
“We continue to invest in infrastructure
for high speed access so that if you
want to do a transaction from home it
is done fast, securely and conveniently.
Why should l visit a shop to buy a shirt
when the shirt can come to me? Our
network will enable that connectivity,”
he added.
Mboweni added that Econet would
soon launch a tracking system which
can be used on cars and other devices.
“Your vehicle has so many components
which can communicate a message
and the network which we are building
will enable the transmission of these
messages to you.
This means your car can communicate
with you wherever you are. That is why
we are talking 4G and eventually 5G,”
he said.
Going into the future, Mboweni said
investment will be driven by the needs
of particular markets. •
Econet to introduce an entirely IP network
Mr Mboweni

3. 3 NEWS
'IMF report consistent with reality'
By Tawanda Musarurwa
Economic observers say the IMF report
on Zimbabwe released yesterday is
consistent with what is transpiring on
the ground.
The IMF report highlighted several
issues that are causing an economic
slowdown, notably revenue underper-
formance, structural bottlenecks and a
fragile global financial environment.
Economist Joseph Mverecha told BH24
that the concerns raised by the IMF
were mainly related to a tight liquidity
situation. "The IMF Report following
the recent Article IV is fairly consist-
ent with conditions observable on the
ground. Tight liquidity conditions per-
sist, against the background of declin-
ing domestic aggregate demand and
weakening external sector fundamen-
tals.
"Financial intermediation – necessary
for recovery and growth is hampered
by both liquidity constraints and bank-
ing sector vulnerabilities. Accordingly
distress conditions have widened
across key industry sectors, with cor-
responding loss of fiscal revenues,
aggravated by high local costs of doing
business. This means that there are
demand and supply structural issues
underpinning the current decline in
economic activity," he said. In one of
its key recommendations, the IMF
said enhancing financial sector stability
remains a priority and recommended
continued vigilance in monitoring weak
banks and a proactive approach to
ensure "an orderly resolution of insol-
vent non-systemic banks."
The international financier also said
restructuring and re-capitalising the
Reserve Bank of Zimbabwe would
help mitigate vulnerabilities. Mverecha,
however, maintained that Zimbabwean
authorities are fully aware of the struc-
tural issues affecting the country and
are in the process of handling them.
"The most important thing to remem-
ber though is that both the Minister of
Finance and Economic Development
Patrick Chinamasa and RBZ governor
John Mangudya have already identi-
fied these structural issues and most
importantly have articulated what
needs to be done going forward.
"The minister has stated that, we need
to engage our international devel-
opment partners and international
financial institutions and continue on
the SMP as an integral aspect of an
external arrears clearance programme
so that Zimbabwe can again access
concessional bilateral and multilateral
financing," he said.
"Significantly, a number of proac-
tive measures are still pending, but it
seems to me that we are in the right
direction. Much more still needs to be
done.Thejourneytorecoveryandsus-
tainable growth is long, but not impos-
sible."
The IMF also acknowledged Gov-
ernment's commitment to continue
implementing the policies and reforms
agreed with the Fund under the Staff
Monitored Programme (SMP) and to
stay engaged with the international
financial institutions. •

4. BH24

5. By Lynn Murahwa
The Agricultural Marketing Authority
(AMA) has urged cotton farmers to
negotiate favourable prices on an indi-
vidual basis with buyers rather than
wait for a price to be announced.
This is despite the fact that AMA
recently set a price guide for the 2014
cotton marketing season at between
40 to 50 cents per kg depending on
grade.
In an interview with BH24, AMA chief
executive Rockie Mutenha said the
country’s cotton farmers should not
wait for prices to be announced but
should take it upon themselves to
negotiate prices with their buyers.
“Cotton farmers should not wait for
us to announce a price. They should
go and negotiate with their buyers
and look for opportunities for the best
prices,” he said
He said due to farmers requesting a
platform to negotiate prices last year,
this year they have been given that
opportunity. He added that AMA is,
however, releasing prices weekly in
The Sunday Mail but farmers should
still seek to negotiate.
“Lastyearfarmersaskedfortheoppor-
tunity to be able to negotiate prices for
their cotton so this year we have given
them that platform. We have been
releasing weekly prices in The Sunday
Mail but we encourage the farmers to
go out and seek negotiable prices for
their crop,” said Mutenha.
Mutenha said AMA does not know
why some farmers are waiting to hear
prices being announced and that it was
decided that this year farmers should
negotiate towards the prices they hope
for.
“I don’t understand why farmers would
wait to hear of a set price when it was
agreed that this year they have been
given the chance to negotiate for
favourable prices with their buyers,”
he said.
Mutenha's sentiments were backed by
agronomist Zivanayi Zigwadi who said
that negotiating on a personal basis
will give the farmers a greater chance
of survival. “Cotton farmers definitely
need to negotiate in order to survive,
otherwise you will not survive,” he said.
He added that farmers need to engage
the buyers before growing to get better
prices because the prices during last
year’s season were very low.
“The problem is that farmers need to
engage with the buyers before growing
the crop so as to agree on a set price.
We hope that through negotiations we
get better prices than the low ones
offered last year” he said. •
5 AGRICULTURE
Negotiate prices for yourselves, cotton farmers told

6. AdM-DI156506-
BH24

7. Mobile phone company, NetOne is close
to securing a $218 million loan from
China, which will be used to finance its
migration from 3G broadband to 4G, an
official said on Tuesday.
NetOne chief executive officer Reward
Kangai said most details of the loan
had been thrashed out. “The loan has
been approved in China and we are now
waiting for it to be signed. From what I
gather, they are now asking for a num-
ber of things for example we need to
set up an escrow account so that when
the re-payments are due that escrow
accountwillbeabletopayourdues,” he
said.
“Therewerenegotiationstwoweeksago
and perhaps what is now needed is a
high level delegation to go to China to
finalise the deal.” The loan, an agree-
ment between the Zimbabwean and the
Chinese government, will be processed
through the China Exim Bank. Kangai
said despite the progress made, some
competitors in the industry had allegedly
been pulling strings to derail the loan
deal.
He said this was because when the deal
sailed through it would result in NetOne
offeringstiffercompetitiontoitscompeti-
tors,whoforlong haveenjoyedanedge
over the state owned company due to
limited finances.
“Therewereissueswithourcompetitors,
theyweretryingtokillthis project.There
was a big fight and up to now they have
not given up.
Muguti argued that the awarding of the
contract had been flawed as Huawei
had not gone through the tender pro-
cess. The lawsuit, which was withdrawn
this year, had stalled negotiations for
the $218 million Chinese loan.― New
Ziana •
7 TECHNOLOGY
Netone close to securing loan from China
Econet partners with Apple
BH24Reporter
*As the mobile company launches
newpremiumcustomers’shop
Econet Wireless has entered a partner-
ship with multinational mobile phone
manufacturer Apple and is now an
exclusive provider of its products in Zim-
babwe. The company has other part-
nerships with Huawei, ZTE and Ericson
amongothers.Speakingatthelaunchof
Econet’s third premium customers’ shop
in Borrowdale today, chief commercial
and customer services officer Stanley
Henning said this was a milestone in
offering customers a great selection of
smart devices at reasonable prices.
“It has taken us a long time to get here
but it has finally happened. We are now
the official exclusive provider of Apple
productsinthecountry,”hesaid.Hesaid
representatives from Apple were in the
country to finalise some aspects of the
deal. Apple is one of the largest phone
manufacturers with Samsung and Hua-
wei and offers a range of high end prod-
ucts such as smart phones and tablets.
Speakingontheplatinumsuite,Econet’s
high value customers’ general manager
Fungai Mandiveyi said platinum custom-
ers would be able to access top class
service and products from the shops.
“Our customers can get products like
Sumsung, Apple and others with ease.
We also have partnerships with Steward
Bank, African Sun, Edgars, Avis, Zimoco
among others,” he said. He said the
shops would also ensure convenience to
customers and comes with a number of
benefits that include access to top class
service, flexible payment plans for hand-
sets and devices.
The company already has outlets in
Avondale and Bradfield in Bulawayo and
another in South Africa. Mandiveyi also
said through their new look platinum
suite, they were not segregating their
customers. •

8. BH24

9. The equities market today bumped a
significant 1.21 percent, lifted by gains
in selected heavyweight stocks.
The industrial index expanded by 2.28
points to close at 190.31 points. Cig-
arette manufacturer BAT gained 50
cents to trade firmer at 1 300 cents,
while Natfoods added 5 cents to close
at 215 cents.
Another heavyweight Delta went up 4
cents to 129 cents and ZBFH increased
by a cent to trade at 4 cents.
Dairibord and Edgars both added 0.80
cents to close at 10 cents and 13 cents
respectively. A couple of heavyweights
also traded in the negative, but this
was not enough to offset the gains.
Telecoms giant Econet traded in nega-
tive territory, retreating a cent to trade
at 73 cents, while OK Zimbabwe eased
0.30 cents to 18 cents.
Padenga shed 0.10 cents to 8.90 cents
and Astra lost 0.50 cents to close at 4
cents, Bindura bounced back to push
the mining index up 3.93 percent as it
gained 2.32 points to close at 61.32
points.Binduraincreasedby0.19cents
to 4.8 cents, and minings were also
bouyed by Hwange which moved up
2.99 cents to trade at 7.50 cents.
Falgold and Riozim maintained previ-
ous trading levels. — BH24 Reporter
•
9 ZSE REVIEW
Equities in significant gains

10. Zimbabwe has lost out unfairly as
a result of the anti-asbestos lobby.
Especially so, when the chrysot-
ile asbestos that the country pro-
duces is not the amphibole type
that is considered unsafe and has
been banned by several bodies.
It is a positive development that
the Government has come up with
specific position on our chrysotile
asbestos.
Government fully appreciates
importance of chrysotile asbes-
tos to the country, as Industry
and Commerce Minister's state-
ments at a Turnall event yesterday
shows:
"Government will strive to cre-
ate a conducive environment for
businesses to be sustainable in
their various operations in order
to produce quality and affordable
products and create employment
for our growing nation. Testimony
to this is the recent launch of the
Zimbabwe Chrysolite Asbestos
Position Paper.
The position paper reflects the
Government's position regarding
production, trading and safe use
of chrysotile asbestos and related
products."
The position gives direction to both
primary producers and manufac-
turers who have traditionally been
dependent on the mineral.
In terms of chrysotile asbestos'
economic importance to Zimba-
bwe, at their peak the two chrys-
olite asbestos mines in Zimbabwe
employed around 5 000 workers
directly.
According to the new 'Zimbabwe
Chrysolite Asbestos Position Paper'
that was released by Government
last month, the same mines eco-
nomically sustained more than 20
000 people, predominantly in and
around the two mining towns of
Zvishavane and Mashava.
There are also numerous down-
stream benefits.
This clearly shows the value of
chrysotile asbestos to the econ-
omy of the country.
That value, however, has certainly
been decimated by the anti-asbes-
tos lobby, which seems to have
generalised - deliberately or not -
all asbestos as harmful.
Studies have shown that chrysot-
ile asbestos is not at all harmful,
and Zimbabwe needs to come out
and make this message heard both
locally and abroad.
Zimbabwe needs to get this mes-
sage "out there" because - along
with Russia - the country is a key
chrysolite asbestos producer.
The world has been misled about
the safety (or apparent lack
thereof) of asbestos produced by
Zimbabwe.
We need to recover lost ground.
Reviving the chrysolite asbestos
exports will certainly provide a
boon for the Shabanie Mashava
Mines, which are set for revival.
Greater downstream benefits will
also accrue to companies such Tur-
nall, which is a principal processor
of chrysotile products, and to the
economy as a whole. •
10 BH24 COMMENT
Need for clarification campaign on chrysotile asbestos

11. BH24

12. South Africa's rand remained firm on
Tuesday after hitting two-week highs
in the previous session as relief swept
the market after the country's longest
strike ended.
The local unit was trading at 10.57
rand per dollar at 0715 GMT, slightly
stronger than its New York close of
10.59. On Monday it had gained 1
percent, breaking through 10.56 to
the dollar at one point for the first
time in a fortnight.
The five-month stoppage in the plat-
inum sector dragged Africa's most
advanced economy into contraction
in the first quarter, costing the world's
top three producers of the preci-
sious metal almost 24 billion rand
($2.25 billion) in lost revenue. [ID:
L6N0P420A]
The reprieve may be short-lived as
metal workers' union NUMSA looks
set to go on strike next week in the
key auto sector.
"The good news is that the strike has
ended," said Carmen Nel of Rand
Merchant Bank in a morning market
note.
"An additional concern is that the
increased activity in the platinum
sector will add to the existing strain in
the power grid, with Eskom recently
warning of tight supply," she added.
Government bond yields were steady
to slighty firmer, with the yield for the
bond maturing next year slipping 1.5
basis to 6.620 percent while the 2026
issue was down 2.5 basis points to
8.285 percent. ― Reuters •
12 REGIONAL News
Rand holds gains as South Africa platinum strike ends
enjoy the CAIO ride!

13. AnalysisBH24

14. 14 DIARY OF EVENTS
The black arrow indicate level of load shedding across the country.
POWER GENERATION STATS
Gen Station
23 June 2014
Energy
(Megawatts)
Hwange 485 MW
Kariba 750 MW
Harare 45 MW
Munyati 27 MW
Bulawayo -- MW
Imports 55 MW
Total 1362 MW
26 June - Pioneer 44th Annual
General Meeting of Sharehold-
ers, Venue: Pioneer Corporation
Africa Limited Boardroom, Corner
Hood/Hermes Roads, Southerton,
Harare, Time: 10:00 hrs
26 June - Masimba Holdings
Limited Thirty-Ninth Annual
General Meeting of Mem-
bers for the period ended 31
December 2013, Place: 44 Til-
bury Road, Willowvale, Harare,
Zimbabwe, Time: 12:00
30 June - TA Holdings 79th
Annual General Meeting of the
ordinary members Venue: Miti
Room, Sango Conference Centre,
Cresta Lodge, Harare, Time: 1400
hours
30 June - ZIMRE 16th Annual
General Meeting of members,
Venue: NICOZDIAMOND Audito-
rium, 7th Floor Insurance Centre,
30 Samora Machel Avenue, Time:
1230 hours
THE BH24 DIARY

15. BH24

16. 16 zse
ZSE
Movers CHANGE Today Price USc SHAKERS Change TODAY Price USc
Mash 4.35% 2.40 Natfoods -2.33% 210.00
Innscor 1.24% 81.00 SeedCo -0.29% 71.00
BAT 1.21% 1,250.00 Dawn Properties 2.30 0.05
Barclays 1.08% 3.75
Delta 0.80% 125.00
Old Mutual 0.00% 260.01
Indices
Index Previous Today Move Change
Industrial 188.03 190.31 +2.28 points +1.21%
Mining 59.00 61.32 +2.32 points +3.93%
Stocks Exchange
Previous

17. 17 AFRICA StockS
Botswana 8,664.65 -11.96 -0.14% 12July
Cote dIvoire 246.37 +2.18 +0.89% 07Mar
Egypt 7,949.60 -75.68 -0.94% 06Mar
Ghana 2,356.80 +2.31 +0.10% 20June
Kenya 4,825.52 +28.10 +0.59% 20June
Malawi 12,662.47 +0.00 +0.00% 07Mar
Mauritius 2,074.51 -3.51 -0.17% 07Mar
Morocco 9,544.10 +21.01 +0.22% 07Mar
Nigeria 41,129.29 +60.36 +0.15% 20June
Rwanda 131.27 +0.00 +0.00% 24Oct
Tanzania 2,018.97 +25.40 +1.27% 07Mar
Tunisia 4,624.39 -39.32 -0.84% 07Mar
Uganda 1,503.90 +0.81 +0.05% 10Sep
Zambia 4,242.74 +14.95 +0.35% 10April
Zimbabwe 187.40 +2.54 +1.37% 20June
African stock round up Commodity Prices
Name Price
Crude Oil 1,300.91 -0.21%
Spot Gold USD/oz 1,292.63 -0.26%
Spot Silver USD/oz 19.38 -0.46%
Spot Platinum USD/oz 1,421.25 -0.33%
Spot Palladium USD/oz 798.50 -0.64%
LME Copper USD/t 6,770 -0.18%
LME Aluminium USD/t 1,780 -1.17%
LME Nickel USD/t 18,230 -1.73%
LME Lead USD/t 2,095 -1.41%
Quote of the day —"Our business
in life is not to get ahead
of others, but to get
ahead of ourselves."
― Zig Ziglar
Globalshareholder.com

18. BH24

19. The government of India is likely to
raise the number of drugs deemed
essential and subject to price caps,
people directly involved in the process
said.
A panel formed by India's health min-
istry is meeting for the first time on
Tuesdaytoconsideraddingmoredrugs
to the list of essential medicines, all of
which would then come under price
caps, one of the people said. The move
would make the drugs more affordable
in a country where 70 percent of the
people live on less than $2 a day.
Making more drugs subject to price
caps will draw the ire of global drug-
makers like Pfizer Inc (PFE.N), Glax-
oSmithkline Plc (GSK.L) and Abbott
Laboratories (ABT.N), all of which have
a large presence in India's $15 billion
pharmaceutical industry.
The global drugmakers have already
been hit by wide-ranging govern-
ment-imposed price reductions and a
legal system with a history of disallow-
ing patent protection in recent years
in an emerging market that is a vital
growth driver for the firms.
Bringing more drugs under price con-
trols would dash hopes for an easing
of the populist drug policies of the pre-
vious federal government under new,
business-friendlyPrimeMinisterNaren-
dra Modi, industry analysts said.
"It is surprising that yet another com-
mittee is being formed (on price con-
trol)," a top executive at the Indian
unit of a large global pharmaceutical
company said, declining to be named
due to sensitivity of the issue. "This
(is) quite the antithesis of what is the
purported philosophy of the new gov-
ernment."
India last year raised the number of
drugs that are subject to price controls
to 348 from 74 earlier, covering up to
30 percent of the total drugs sold in the
country, according to industry officials.
India's pharmaceutical sector sub-in-
dex extended its loss after Reuters
reported the committee's formation,
trading down 0.2 percent at 0656 GMT,
while the main Mumbai market index
.BSESN was trading up 1.1 percent.
Shares of GlaxoSmithKline Pharma-
ceuticals Ltd (GLAX.NS), the India unit
of GlaxoSmithKline Plc, reversed their
gains to fall 0.1 percent. Lupin Ltd
(LUPN.NS), India's fourth-largest drug-
maker by revenue, was trading down
0.4 percent. ― Reuters •
19 INTERNATIONAL NEWS
India likely to extend price caps to more drugs - sources

20. By Victor Mukandatsama
A must-be-gleeful NetOne was granted
an unexpected boost ahead of its com-
petitors in the Zesa prepaid electricity
retailing facility. They are the only MNO
awarded the opportunity to sell prepaid
electricity tokens.
No surprises there if you have both-
ered to read a bit of Zimasset. I warn
NetOne not to celebrate prematurely
though. I have seen how they are
going about capitalising this opportu-
nityandIamdrivenbynomalicewhen
I say Pride goeth…
To pay for Zesa via OneWallet you need
to swap your 32k SIM for the 128k
SIM for free or buy a Netone SIM pack.
Once activated, you then need to reg-
ister (partially via your own phone and
fully via an agent) for One Wallet.
Once setup, a Netone services app
appearsonyourlistofapplicationsfrom
which you can conduct e-wallet trans-
actions. I suppose this is better than
directUSSDaswithEconetandTelecel.
You then need to apply to register your
meter number by dialing *120*8#. If
your registration is approved by One-
Wallet, you will receive a text mes-
sage advice and an extra menu item
for Zesa Prepaid. Anyone following the
process will realise two things. Firstly
their system requires pre-registering
biller details (account number etc.) the
derivative of which one can then pay
for the bill. In other words you don’t
just pay for any bills you want to any
biller you wish. Which is why you hav-
en’t seen any posters with biller codes.
Well also because they only have one
major biller; Zesa. Which brings me to
the second observation.
Other than Zesa, their system does
not seem to be very scalable (I may be
wrong). Either that, or their transaction
ideology is uncommon to the market.
This is unlike the EcoCash and Tele-
Cash system in which liberalisation of
the transactions and the transactions
origination exists. It’s a system where
agents, billers and merchants are
equally critical and solicit and consume
at will.
The One Wallet system follows a
bureaucratic mountain top approach.
Everything depends on an approval
process from OneWallet somehow.
Approval to register to pay Zesa?
Really? Thirdly, NetOne are seeking to
get maximum mileage in subscription
numbers making sure they sign on as
many users onto OneWallet as pos-
sible. Personally, I think this is where
they are getting it wrong. Rather than
sell the efficiency of the system to get
your bills done and set off a snow ball,
they are proving it to be riddled with so
many spanners.
As an example, it is not possible to
register more than two Zesa pre-
paid meters. Translated: You are not
allowed to buy prepaid electricity other
than for a maximum of two preregis-
tered meters because if you do, the
other beneficiaries won’t bother to join
Netone. If you want to pay Zesa from
your phone, then join OneWallet.
The fall….
NetOne is ranked third out of three
playersasfarassubscriberbase.Some
criticsarguetheawardingofthislicence
to sell prepaid electricity to NetOne and
not the rest of the networks, especially
EcoCash, is a true inconvenience. If the
Government were to change its policy
for whatever reason, Netone could be
the least prepared of the three in as far
as convenience, and that will be their
fall. ― TechZim •
20 Analysis
The Netone-ZESA marriage- Pride goeth before a fall