The national regulator will be able to monitor and block any device with an IMEI.
Trustonic CEO Dion Price told RAG TV about people being denied credit for a smartphone when they can obtain it for other products.
Sensitive management of access to each phone will maintain cash flow during a time when customers are under financial pressure.
A Pakistani citizen has been extradited to the USA after allegedly paying staff to install malware on AT&T phones and IT systems.
With some handsets now costing over USD2,000, criminals are willing to use force to steal them.