INDUSTRIAL Development Corporation (IDC) Chief Executive Officer Cornwell Muleya says it gives a bad perception of the IDC in people’s eyes that some of its subsidiary companies are incurring losses, attributing these losses to the legacy debt that most entities are facing. And Muleya says as the IDC Board Chair, President Hakainde Hichilema does find time to meet and discuss with the members. He adds that in the Gulf Cooperation Council, one would find that for the countries which have experienced rapid growth, the chairman of such entities is the head of state. Meanwhile, Muleya says there is no law that has been breached regarding the Mopani-International Resources Holding RSC Limited (IRH) transaction. The latest Auditor General’s report on the...

This premium content is for paid ePaper subscribers.
Subscribe
Already a member? Log in here