Breaking News

Econet share price up

by Business reporter
17 January 2013 | 3463 Views
Econet Wireless Zimbabwe (Econet)'s share price yesterday advanced 5,11 cents to close at 485,11 cents on the Zimbabwe Stock Exchange (ZSE) as the mobile network operator hit eight million subscribers.

The group dominates the mobile market in Zimbabwe, which has a 12 million population.

Christopher Mugaga, an independent analyst, said the rise in Econet's share price could be an
indicator of confidence and customer satisfaction.

"The advancement is an indication that subscribers are happy with the service rendered, although there are other factors that influence a firm's stock," Mugaga said.

George Barbaressos, Econet's commercial director, has said demand for the network's lines remained "very, very strong" and the key factor in its dominance is investment.

"We have spent and continue to spend more money on our network than all our competitors combined," he said.

"People have realised that we offer the best in terms of value for money, product range, coverage and customer service" Barbaressos said.

The subscriber growth is driven by the company's Buddie Zone, a discounted talk-time promotion largely borrowed from South Africa's MTN.




Meanwhile, ZSE's benchmark industrial index closed higher for the ninth consecutive day yesterday gaining 0,41 to settle at 160,65 points.

The resources index was, however, unchanged at 72,25 points.

Econet

Source: dailynews

Bosso humiliation by Dembare, who is to blame?

Players
75.85%
Kaindu
20.99%
Referee
3.16%
443

Comments

News Updates

Email:

Latest News

Mthwakazi Cannot Court Sympathisers by Lying - The misrepresentation o...

by K. M. Mandaza, Zanu Pf Sa Secretary for Information and Publicity | 16 September 2014 | 808 Views

Zimbabwe, Russia discuss military cooperation - The Minister of Defen...

by Staff reporter | 16 September 2014 | 953 Views

'Tsvangirai's speech is a non-event,' says Gumbo - Zanu-PF Secretary f...

by Staff reporter | 16 September 2014 | 886 Views

Holland is MDC Renewal's interim President - The beleaguered MDC-T par...

by Staff reporter | 16 September 2014 | 1178 Views

Police seize 500kg mbanje from Malayitsha

by Moyo Roy | 16 September 2014 | 1633 Views

ZEC has no business in Zanu PF congress - MDC-T controversial politici...

by Staff Reporter | 16 September 2014 | 1312 Views

Latest update on Farm invaded by Mugabe's aide - FIGTREE farmer David ...

by Staff reporter | 16 September 2014 | 2626 Views

Russian Foreign Minister arrives in Zimbabwe - Russian Foreign Ministe...

by Staff reporter | 16 September 2014 | 913 Views

Tsvangirai's condolence message on the death of Fletcher Dulini Ncube...

by Morgan Tsvangirai Movement for Democratic Change | 16 September 2014 | 2390 Views

Residents to resist Grace Mugabe naming of school

by Bhebhe Mandla | 16 September 2014 | 4803 Views

Tsvangirai failed to deliver free elections when Mugabe was on the rop...

by Wilbert Mukori | 16 September 2014 | 1628 Views

Conflicts in the MDC and Zanu-PF built over decades are divine - When...

by Bishop Happison Chikova | 16 September 2014 | 1386 Views

Mzilikazi Commemorations as it happened

by Staff Reporter | 16 September 2014 | 2692 Views

We should be careful when interpreting prophecy - It would be an overs...

by Stewart Murewa | 16 September 2014 | 2312 Views

ZAA South Africa edition nominees announced

by Staff Reporter | 16 September 2014 | 1020 Views

Prophet TB Joshua building collapse death toll hits 57

by AFP | 16 September 2014 | 2717 Views

Mugabe discusses Mnangagwa power handover in China?

by Itai Mushekwe/ Nancy Mabaya/ Mary-kate Kahari | 16 September 2014 | 8185 Views

Solidarity message to Scotland from Zimbabwe - Mthwakazi Republic Part...

by Mqondisi Moyo | 16 September 2014 | 1336 Views

MLF supports Scotland independence - MLF and the whole of Mthwakazi g...

by David Magagula | 16 September 2014 | 866 Views

Woman 'married' to goblin receives compensation - A WOMAN from Mairois...

by Staff reporter | 16 September 2014 | 3973 Views

Rapist vows to restore v*rginity - STRANGE but true!A member of an apo...

by Gibson Mhaka | 16 September 2014 | 3303 Views

Maid bed employer's underage son - A MAID from Happy Valley Farm betr...

by Sukoluhle Ndlovu | 16 September 2014 | 4350 Views

Woman from 'heaven' found undressed in yard - AN elderly woman who was...

by Jacqueline Dube | 16 September 2014 | 4658 Views

Vagrant kills woman - IN a terrifying incident, villagers at Platswort...

by Sukoluhle Ndlovu | 16 September 2014 | 2224 Views

Man turns daughter into own prostitute - A man from Bulawayo's New Mag...

by Nhlalwenhle Ncube | 16 September 2014 | 3877 Views

Father axes son's first wife - A man from Bulawayo's Nketa 6 allegedly...

by Nhlalwenhle Ncube | 16 September 2014 | 2423 Views

Entertainment

Afrika Revenge reunites - Award winning duo of Willis "Afrika" Kachamb...

by Sophia Chese | 16 September 2014 | 1286 Views

Usandikanganwe - Lady Bee ft Manhanga

by Staff Reporter | 15 September 2014 | 1666 Views

Generations actors agree to go back to work - The 16 Generations stars...

by City Press | 14 September 2014 | 3778 Views

Bulawayo born singer wows X Factor Judges

by Staff Reporter | 13 September 2014 | 2837 Views

Byo singer wins 80K recording deal, duped by sponsors

by Hangoyapalala waTjibundule | 12 September 2014 | 3005 Views

Axed Generations actor's marriage crumbles - Menzi Ngubane better know...

by Times LIVE | 12 September 2014 | 6096 Views

'Nollyhood' comes to Byo

by Hangoyapalala waTjibundule | 11 September 2014 | 2518 Views

Bulawayo-born beauty joins top SA soapie - Former Big Brother Africa (...

by Staff reporter | 11 September 2014 | 4380 Views
iBlog

Those Behind Tb Joshua Watch Photo Proof!

when this couple (dave and angie) were indicted of being the masterminds behind tb joshua watch, the blog admins refuted it and denied any sort of connections with the couple, but that’s not what the facts portray as precisely every single one ... Read More
pointblank 13 July 2014 ago

The Nsa Gets An Ok For Telephony Metadata Collection Yet Again

As much as we’d like to forget about the national security agency (nsa) and its mass surveillance program, it seems that there is no distracting ourselves from this unnerving reality.missing from the news for quite some time now, the issue has resu... Read More
SecNews 09 July 2014 ago