advertisement

Econet quietly switches on Ecolife. The big losers are Trustco & the subscribers

advertisement

The past 10 years wouldn't have been possible without you. Thank you!

EcolifeWe last wrote about Ecolife back in October when we got information from Trustco that they had been granted an order to execute judgment handed down in July against Econet Wireless. The July judgment reads in part:

advertisement

First Applicant (Trustco Mobile (Pty) Ltd) and Second Applicant (Trustco Group International) are hereby allowed to execute the judgment” as “handed down in HC 6065/11 on 25 July 2011, notwithstanding First Respondent`s (Econet Wireless (Private) Ltd) appeal under S.C. 171/11

When we got this information, we asked our Econet contacts what would happen next; if they were going to comply or contest (or, for us at least, just comment). No one responded. We didn’t know if this was just denial of the reality or just embarrassment to admit they had lost this one. It doesn’t matter anymore which; new information suggests they knew they had lost that battle and they retreated into the strategy room determined to win the war.

advertisement

Some several days ago, we learnt that Econet complied. Quietly. Ecolife, we’re told was switched on some few weeks ago. Three or four, according to our sources. At least two individuals close enough to know the truth have confirmed this.

If any advert was published in the press to announce the re-enabling of the system, we missed it. If any announcement was made to Ecolife subscribers about this development through SMS, then we missed that too. Even the Econet Facebook Group which is usually quite active with these kinds of updates didn’t have anything on the development. The Ecolife page on the Econet website has nothing helpful on the latest regarding Ecolife.

It’s almost as if Econet doesn’t want the subscribers (and the wider market) to know. They seem to have cleverly just switched on the system just to comply with the court order. Without announcing Ecolife to the subscribers, the bulk of them won’t even know it’s back. That way, for Econet it’s as good as switched off, and for Trustco, as bad as switched off.

In the meantime, Econet will work on their own Ecolife system, and they’ll work hard to ensure it doesn’t infringe on those Trustco patents that could get them into more trouble. Their Facebook group confirms they’re developing their own system:

We hope this will be cleared soon. In the meantime, we’re developing our own solutions to ensure your Ecolife is back in service as soon as possible. Your cover is secure.

It’s working quite well for Econet; No one will trouble them. Not Trustco; not anymore. Not the subscribers; the bulk of them don’t even know the extent of their legal rights here. Econet is the big winner in the grand scheme of things. Trustco (and its shareholders) may not feel the loss now, but if this works out like it should for Econet, they’ll wake up one day and realise the win was a loss.

The biggest losers though are the subscribers. Those 1.6 million individuals that religiously watched their airtime balance and bought more each month to maintain their life insurance cover threshold. They’ve been left in the dark. Only a few will remember Ecolife when their cover is due. Those that do remember don’t have enough information on how to redeem it.


Quick NetOne, Telecel, Africom, And Econet Airtime Recharge

If anything goes wrong, click here to enter your query.


WhatsApp Discussions

Click to join a Techzim WhatsApp group:
https://chat.whatsapp.com/DKzLTsQPM6SBd0mrKOKPai

If you find the group full, please notify us on +263 715 071 199 and we'll update the link.


8 thoughts on “Econet quietly switches on Ecolife. The big losers are Trustco & the subscribers

  1. just curious…remember this scheme matured after 1st 6 mths of subs,ok?,its nesrly a year now so obviously some subcribers or their benefiaries have since died (may their dear soul rest in peace!) (and worth the claim)…my question is?,..did anyone make a succesful claim from this…econet too could shed more light on number of claimants so far if they were honest enough …

  2. We all know there were disagreements between Econet and their partners in the deal and Econet wanted out. The other partner did not want that as probably Econet gave them more subscribers than what they are getting in Namibia. What this shows me is that the partner provided the technology and Econet provided the subscribers and MARKETING. For the reason that Econet wanted out, I think it still stands and there is no way they can lose resources to MARKET something they are engaged in only because of the courts. I wonder what you would have done if you were also in Econet’s position. The partner can MARKET the product on its own if it so wishes but as for me I NO LONGER WANT TO START RECEIVING THOSE 31111 death reminders again. I wonder who the partner (software) on the Altfin and Netone medaccess

Comments are closed.