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6/06/2007

Nets is doing what is right

Nets is a commercial enterprise and must have profits to survive. It is not a charity organisation. The raising of its levy is part and parcel of its business. It will raise the level until the consumers find it unbearable and refuse to use it. Hey, that is basic. As long as they price it competitively, it is really a business decision. It is doing something not different from public transport or other service providers. And it is better to 'increase in small amounts rather than to raise a big lump sum after several years.' If public transport companies and other monopolistic service providers can do it this way, while reaping huge profits, what is wrong with Nets doing it? What about credit card companies charging 2% interest rate per month and compounded if the consumers did not pay the debt promptly? How many per cent is that a year? Compare that with the loan sharks. Oh it is international practice and no one can do anything about it.

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