Branson raises flag for ‘fleeced SA consumers’

Whoo HOO! Go Richard!

SA needed someone like him to open up eyes! Anyone seen the new Virgin adds? --- CLASSIC!
 
well as much as we all know he's also gonna make millions out of all of this (mobile and banking) like he say, he will end up saving all of us a lot by forcing the competition to come down with their prices. *group hug* :D
 
He also made an appeal to the South African government to recognise the extent to which consumers had “been fleeced” by banks, cellphone companies and other high-fee industries.

“Regulators and government need to realise that excessive profits are being made, and ensure there is greater competition. They should not necessarily strip away these profits but they should make sure there is more effective competition,” he said.
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A man with authority actually said something that all us common people know - we're being screwed in a big way.

Wake up ICASA and take notes from this man.
 
Wake up ICASA and take notes from this man
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They're too busy sleeping and eating doughnuts to notice him, and they can't take notes either, they don't have pens, they used them to draw pictures on the deskpads in their boredom.
 
Richard Branson announced the launch of "Virgin Land" - a low cost alternative to the traditional Telkom Land Line. This new offering offers free local calls, and national calls at 10c per minute, reducing to 8c per minute after the first five minutes per day. The "VM-Line" also provides 8MB ADSL, free of charge. Keeping in line with his VM Mobile data pricing options, ADSL data will be provided at 25% of the cost of Telkom's best offering, or R14 per GB.

Consumers are said to be "pleasantly surprised", although a few "loyal users" will stay with MWEB and Telkoms 384 offering....
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and then I woke up.
:p
 
JTech said:
And we all know who these people will be...
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You know what is ironic? All those Telkom shareholders will jump like rats from a sinking ship to the SNO (for their landline services) if the prices are better, and STILL try to make a profit from Telkom shares....
 
I'm pretty excited and impressed by Virgin's entry into banking and telecoms. Lets just hope their is a mass exodus from the big players so we can see some real competition.

PricewaterhouseCoopers banking partner Tom Winterboer said SA could expect Virgin to undercut the existing banks, as it had done in other markets around the world.
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Not exactly hard to do in SA...
 
All those Telkom shareholders will jump like rats from a sinking ship to the SNO (for their landline services) if the prices are better, and STILL try to make a profit from Telkom shares....
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Either that or they will jump to something else where they can rape consumers, even if it means leaving SA and going to some other country where they can do customers up the ass. Probably the banking sector, of if that also gets de-monopolized, they will find something to do
 
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Play time is over. RB is making sure that whoever is telcoms, banking, etc, is relooking their price models. It's not going to be business as usual for much longer. Hopefull he introduces Insurance schemes as well.
 
Sir Richard the Lionheart

Our knight in shining armour have arrived. Watch him slay the dragons! There are quite a lot of them: Telkom, Vodacom, MTN, Standard, Absa, FNB, Nedbank...
 
Well I am not so sure about TELKOM... they will not go without a hissy fit
 
JTech said:
Well I am not so sure about TELKOM... they will not go without a hissy fit
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BUT< I bet old Papi is having said hissy fit because the cell phone companies now get to "exploit" the money that he thinks is rightfully his....
:D
 
Regulators and government need to realise that excessive profits are being made, and ensure there is greater competition.
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The government is the one raking in the profits from Telkom, do you really think they wanna do that?
 
maby he can start supplying parts for Chryslers one of these days.... right fender for a opel corsa, R300. right fender for a chrysler... R5000 (unpainted!!)

(sorry i know i'm way off topic but hey... freedom of speech?) :D
 
Not a chance... they will do everything possible to protect their cash cows.

I have resigned myself to the fact that, to enjoy proper, reasonably priced internet access I will have to emigrate. So I am making the most of using a competitor's product although it is expensive, there is not much I can do but at least I don't have Telkom's bone up my ass. This government has proved beyond doubt that all they care about is money, finished and klaar. They don't feel fsck for any of their people or the country as a whole.
 
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