Actually it is Zambia they are de-listing in where
they hold 75% market share. They do not own an operation in Zim.
From:
kictanet-bounces+cruto=safaricom.co.ke@lists.kictanet.or.ke
[mailto:kictanet-bounces+cruto=safaricom.co.ke@lists.kictanet.or.ke] On Behalf Of Andrea Bohnstedt
Sent: Friday, February 18, 2011
10:20 AM
To: Clare Ruto
Cc: KICTAnet ICT Policy Discussions
Subject: Re: [kictanet] Calling
Rates - Airtel to de-list Celtel
Not ICT related, but:
Zim has and had plenty of times for shares, and from way back when I was still
writing about it, I vaguely remember that many people actually put their money
in shares because interest rates were negative thanks to the country's
hyperinflation.
Here's a brief overview of the ZSE performance in the past two years. Not
fantastic, but by no means a basket case either: http://www.africancapitalmarketsnews.com/836/whats-up-on-zimbabwe-stock-exchange/
Dollarisation had the interesting impact that it uncovered inefficiencies in
management, and also rendered a couple of company holdings done purely for
cash/forex management purposes ineffective, leading to some corporate
unbundling: http://blog.imarainvestor.com/2009/12/dollarisation-and-case-for-unbundling.html
On 18 February 2011 09:30, waudo siganga <emailsignet@mailcan.com>
wrote:
Hi Robert - I wonder if Zimbabweans can afford shares.
Right now they have no currency and they are using green bucks. The Zimbabwe dollar
became so useless that to buy a tomato one needed trillions. It was said
that one had to carry money on a wheelburrow and upon coming across robbers one
would throw the money away and run off with the wheelburrow because it
was more valuable. These guys have no time for shares man!
Airtel are in the process of having Celtel
Zimbabwe de-listed from the Zimbabwe stock
exchange, this might not seem like much but in reality it is a reflection of
Airtels profit sharing strategy.
The effect of this action is that the common Zimbabweans will not
benefit from the profits of the company even though they will have been
generated locally. Instead the government of Mugabe will receive large
volumes of money through corporate tax.
Lets appreciate the fact that Safaricom at least allows us to share in
their profits through dividend as shareholders.
Robert Yawe
KAY System Technologies Ltd
Phoenix House, 6th Floor
P O Box 55806 Nairobi, 00200
Kenya
Tel: +254722511225, +254202010696
_______________________________________________
kictanet mailing list
This message was sent to: emailsignet@mailcan.com
Unsubscribe or change your options at http://lists.kictanet.or.ke/mailman/options/kictanet/emailsignet%40mailcan.com
_______________________________________________
kictanet mailing list
kictanet@lists.kictanet.or.ke
http://lists.kictanet.or.ke/mailman/listinfo/kictanet
This message was sent to: andrea.bohnstedt@ratio-magazine.com
Unsubscribe or change your options at http://lists.kictanet.or.ke/mailman/options/kictanet/andrea.bohnstedt%40ratio-magazine.com
--
Andrea Bohnstedt
Publisher
+254 720 960 322
www.ratio-magazine.com
Find/post
East Africa careers
Find/post
conferences, workshops, trainings, other business events
