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Future of Safaricom - break up due to dominance!
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Ericsson
#101 Posted : Monday, February 27, 2017 5:04:16 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
If the presidential task force on parastatal reforms recommendations was never implemented I don't see this thing being implemented.
It will just gather dust.
Secondly the government can't kill the goose that lays it's golden egg.
Safaricom pays alot in terms of taxes and dividends to GoK
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Spikes
#102 Posted : Monday, February 27, 2017 5:34:08 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Ericsson wrote:
If the presidential task force on parastatal reforms recommendations was never implemented I don't see this thing being implemented.
It will just gather dust.
Secondly the government can't kill the goose that lays it's golden egg.
Safaricom pays alot in terms of taxes and dividends to GoK

Mpesa as a separate entity will be making government money in terms of taxes among other revenues...The government shall go ahead and implement the report.Unless the big fish in public offices hold significant stake in Safaricom they would like to protect from rapid downswing. But who cares if banks were shafted by rate cap by PORK?
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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  | | Edit by user: Monday, February 27, 2017 5:38 PM | Reason: Not specified
murchr
#103 Posted : Monday, February 27, 2017 7:01:45 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Spikes wrote:
Ericsson wrote:
If the presidential task force on parastatal reforms recommendations was never implemented I don't see this thing being implemented.
It will just gather dust.
Secondly the government can't kill the goose that lays it's golden egg.
Safaricom pays alot in terms of taxes and dividends to GoK


Mpesa as a separate entity will be making government money in terms of taxes among other revenues...The government shall go ahead and implement the report.Unless the big fish in public offices hold significant stake in Safaricom they would like to protect from rapid downswing. But who cares if banks were shafted by rate cap by PORK?


You better stop dreaming and get busy buying at these dips. MPESA is going no where that report will be trashed by CCK
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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watesh
#104 Posted : Monday, February 27, 2017 7:31:40 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Spikes wrote:
Ericsson wrote:
If the presidential task force on parastatal reforms recommendations was never implemented I don't see this thing being implemented.
It will just gather dust.
Secondly the government can't kill the goose that lays it's golden egg.
Safaricom pays alot in terms of taxes and dividends to GoK

Mpesa as a separate entity will be making government money in terms of taxes among other revenues...The government shall go ahead and implement the report.Unless the big fish in public offices hold significant stake in Safaricom they would like to protect from rapid downswing. But who cares if banks were shafted by rate cap by PORK?

This will be the govt shooting itself on the foot. They own 30% of safaricom and now they are told to kill a huge chunk of their revenues from dividends and taxes. Then give it to Airtel to ship it off to India. A few years later the same govt will be going to India to borrow the same money.
We finally have a company big enough to boost our status internationally but now we just want to cut its legs and let another big company's subsidiary run the market. No big company will ever want to set Kenya as their headquarters. This is how we lose money and talent.
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Realtreaty
#105 Posted : Monday, February 27, 2017 8:14:10 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,386
Mucheru said NO!!! and he said it so loud that the President heard him.

You do not go round destroying investments after they have built themselves up. One day Kencell was better than Safaricom and the former kept pestering the later, but Michael worked hard to counter the attack with improvements.
Big firms as Walmart,Samsung, Apple,GE,Nokia etc did their best till they came to compete with other upcoming businesses without being capped.
Diversification is always the way to go as far as you register for license.
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alma1
#106 Posted : Monday, February 27, 2017 8:59:31 PM
Rank: Elder

Joined: 9/19/2015
Posts: 2,871
Location: hapo
interesting

Breaking down of monopolies is inevitable. You can postpone it, but its going to happen.

That's capitalism.

If Safcom is not employing monopolistic tendencies, you should not fret. But if 90% of mobile transfers are in Mpesa, the question is not if, but when it shall happen.
Thieves are not good people. Tumeelewana?
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  | | Edit by user: Monday, February 27, 2017 9:01 PM | Reason: Not specified
Ericsson
#107 Posted : Monday, February 27, 2017 9:04:26 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
KENGEN should also be declared dominant
kenya power should be declared dominant

the problem with Airtel is the indians are here to repatriate money not grow thr local economy
Orange the French were doing the same
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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wukan
#108 Posted : Monday, February 27, 2017 9:25:18 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
watesh wrote:
Spikes wrote:
Ericsson wrote:
If the presidential task force on parastatal reforms recommendations was never implemented I don't see this thing being implemented.
It will just gather dust.
Secondly the government can't kill the goose that lays it's golden egg.
Safaricom pays alot in terms of taxes and dividends to GoK

Mpesa as a separate entity will be making government money in terms of taxes among other revenues...The government shall go ahead and implement the report.Unless the big fish in public offices hold significant stake in Safaricom they would like to protect from rapid downswing. But who cares if banks were shafted by rate cap by PORK?

This will be the govt shooting itself on the foot. They own 30% of safaricom and now they are told to kill a huge chunk of their revenues from dividends and taxes. Then give it to Airtel to ship it off to India. A few years later the same govt will be going to India to borrow the same money.
We finally have a company big enough to boost our status internationally but now we just want to cut its legs and let another big company's subsidiary run the market. No big company will ever want to set Kenya as their headquarters. This is how we lose money and talent.


Yeah we the banking sector shareholders thought the govt was shooting itself on the foot. We waited till the last minute till we were told "penduka" and just like that we got shafted. We still sore bro. Still sore!!Laughing out loudly Laughing out loudly
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watesh
#109 Posted : Monday, February 27, 2017 9:39:18 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
wukan wrote:
watesh wrote:
Spikes wrote:
Ericsson wrote:
If the presidential task force on parastatal reforms recommendations was never implemented I don't see this thing being implemented.
It will just gather dust.
Secondly the government can't kill the goose that lays it's golden egg.
Safaricom pays alot in terms of taxes and dividends to GoK

Mpesa as a separate entity will be making government money in terms of taxes among other revenues...The government shall go ahead and implement the report.Unless the big fish in public offices hold significant stake in Safaricom they would like to protect from rapid downswing. But who cares if banks were shafted by rate cap by PORK?

This will be the govt shooting itself on the foot. They own 30% of safaricom and now they are told to kill a huge chunk of their revenues from dividends and taxes. Then give it to Airtel to ship it off to India. A few years later the same govt will be going to India to borrow the same money.
We finally have a company big enough to boost our status internationally but now we just want to cut its legs and let another big company's subsidiary run the market. No big company will ever want to set Kenya as their headquarters. This is how we lose money and talent.


Yeah we the banking sector shareholders thought the govt was shooting itself on the foot. We waited till the last minute till we were told "penduka" and just like that we got shafted. We still sore bro. Still sore!!Laughing out loudly Laughing out loudly

This is what happens when you have leaders that are so narrow minded. All they want is to boost their egos. The interest rates act was a pure political move.
I just see these guys just f***ing things up in all sectors, getting themselves huge retirement packages then leave govt to enjoy their wealth.
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Ericsson
#110 Posted : Tuesday, February 28, 2017 7:36:10 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Safaricom have a vision to be as big as AT&T in terms of size and product offering.
They also want to be among top Africa's biggest companies.

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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WWW
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