hisah wrote:To quote the PM
Quote:“If Airtel can afford to bring their prices down, Safaricom can also afford it. The time has come for Safaricom to face competition,” the PM stated.
Quote:“They (safcom) have been used to making billions and billions of shillings in profits for years because it pays its workers peanuts,” he stated.
Populist nonsense!!
SCOM has been "facing the competition" since inception. Has the PM forgotten that SCOM was the third phone company in Kenya?
About paying workers peanuts: has anyone ever heard an SCOM employee complaining?
And on "making billions" would he prefer they made losses? What sort of profit does he think a company with 15 million customers and sh70b in net assets should be making?
The PM should keep his mouth shut on matters he doesn't understand!
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.