Barely a week after the news that one of the mobile service providers Telekom Networks Malawi (TNM) has hiked its tariffs by 14 percent effective March 4, 2015 came to light, Consumer Association of Malawi (CAMA) Executive Director John Kapito has written the company, protesting the hike in tariffs.
This has been disclosed in a letter dated March 3, 2015 signed by CAMA executive Director John Kapito addressed to TNM Chief Executive Officer.
In a statement released last week announcing the hike, TNM attributed the tariffs hike to the depreciation of the Kwacha by what they called 120 percent against other major currencies like the dollar.
In the letter, Kapito has blasted the tariffs hike, saying the reason given by the company is pretty unjustifiable considering the recent developments in the countryâs economy.
âThe hike from our end as CAMA is pretty unjustifiable considering the recent developments in our economy where prices of fuel have reduced by 20% and the Kwacha has appreciated against the dollar.
âYou have highlighted that rising operation costs have prompted your decision to hike the tariffs but we at CAMA are perturbed and wondering which costs,â complained Kapito.
Kapito has said the increase in tariffs is adding a further burden on Malawians.
âIt is true that Malawi is a free market economy but as CAMA we foresee this hike adding a further burden on Malawians,â said Kapito.
Meanwhile Kapito has appealed to TNM to suspend the hiking to another day.