Econet has increased tariffs for voice calls. Officially we are going back to beeping each other now
They have split their billing into per second billing and per minute billing. Our assumption is that customers will be given the option to choose what they want, whether to be billed per minute or per second.
Per minute billing: not too bad but…
Econet will now be charging $0.22 per minute ($0.21257). It’s not too far from where tariffs used to be. However, per minute billing means that even if your call lasts for 10 seconds, you will still pay the 22 cents.
If you are on a call and it crosses over into the second minute just by a fraction you will pay 44 cents. This is the kind of billing we knew in Zimbabwe when cell phones first became popular.
Per second billing, crazy!
Econet will now be charging $0.038 per second. When you call for a minute you are going to be charged $2.28!!!
This pricing does not make sense even if you take into account the interbank rate. If we assume the interbank rate between the USD and RTGS$ to be 1:3, it would mean Econet has increased the USD pricing as well to $0.76. That’s expensive.
We have been failing to get hold of Econet to understand if they got authorisation from POTRAZ to increase tariffs. Last week POTRAZ issued a directive that kept tariffs at the same levels.
We will be updating as we get more information