Archive: 11 June 2019

11 Jun 2019 | Chibamba Kanyama

Keep it simple!

We use big words in business but the bottom-line remains that a business exists to make money. A plane is a plane. We have single engine planes that fly and we also have the Airbus […]

11 Jun 2019 | Stuart Lisulo

Govt liquidated KCM without regard to consequences – ZCCM-IH shareholders

Euronext, minority shareholders of ZCCM-IH, says government’s move to arbitrarily liquidate Vedanta Resources’ Konkola Copper Mines (KCM) Plc was hastily done without preparation. But the minority shareholders insist that government did well to proceed with […]

11 Jun 2019 | Stuart Lisulo

China unlikely to grant Zambia debt relief – Barclays UK

Barclays Bank UK says China is unlikely to give the Zambian government comprehensive debt relief as there is little incentive to do so. And Barclays Bank UK says Zambia could default on some of its […]

11 Jun 2019 | Sipilisiwe Ncube

FIC responds to attacks: I’m mystified by Lungu’s reaction to trends report, complains Kasanga

Financial Intelligence Centre (FIC) acting board chairperson John Kasanga says he is mystified by President Edgar Lungu’s reaction to the released 2018 Trends Report. Kasanga says he is also surprised with the position taken by […]

11 Jun 2019 | Stuart Lisulo

Sales Tax will subject Zambians to worse economic hardships – ZTP

The impending Sales Tax will subject Zambians to even worse economic hardships than what is being experienced now, the Zambia Tax Platform (ZTP) has warned. In an analysis of the proposed Goods and Services Tax […]

11 Jun 2019 | Sipilisiwe Ncube

FIC’s insistence to share raw data recipe for anarchy – Siliya

Chief Government Spokesperson Dora Siliya says the executive understands that the Financial Intelligence Centre is doing an important job but insists that sharing of raw data with citizens is a recipe for anarchy. And Siliya […]

11 Jun 2019 | Zondiwe Mbewe

MINOPEX withdraws application to join KCM liquidation

MINOPEX Zambia Limited has withdrawn it’s intention in the Lusaka High Court to join the winding up petition of Konkola Copper Mines (KCM). In this matter, ZCCM Investments Holdings PLC is seeking an order to […]

11 Jun 2019 | Sipilisiwe Ncube

Compensate Choma farmer for inhuman slaughter of his cattle, UPND tells govt

UPND chairman for agriculture, food and water development Levy Ngoma says the action taken by government to slaughter animals belonging to a farmer of Pemba is Southern Province is cruel and heartless. And NDC member […]

11 Jun 2019 | Zondiwe Mbewe

Society Park sues Trudy’s restaurant over K100,000 rental arrears

Society Business Park Development Company has sued Trudy’s Takeaway for refusing to pay over K100, 000 in rental arrears. Society Business Park Development Company finance manager Edward Chewe Kunda has said Trudy’s Takeaway restaurant has […]

11 Jun 2019 | Zondiwe Mbewe

A pack of Boom powder lands Chef in Court

A 41-year-old Chef of Lusaka’s Kalingalinga area has been dragged to court for allegedly stealing Boom washing powder worth K60 from Memorial Park. In this matter, Felix Mkwawa is charged with a count of theft […]