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Business
2 Apr 2020
|
Ulande Nkomesha
Govt forecasts stability in mining sector amidst COVID-19 pandemic
MINES and Mineral Resources Minister Richard Musukwa says government is putting in place measures to provide relief for the mining industry but has warned mining companies not to take advantage of the current circumstances amidst […]
2 Apr 2020
|
Natasha Sakala
We’ll put KCM on care and maintenance if need be – Milingo
Konkola Copper Mine (KCM) provisional liquidator Milingo Lungu says the mine has put in place a contingency and business continuity plan which includes putting the mine on care and maintenance, if need arises, in the […]
2 Apr 2020
|
Stuart Lisulo
Zesco’s demands to adjust BSA would’ve been injurious to our business – CEC
COPPERBELT Energy Corporation (CEC) Plc says it remains totally committed to continue providing seamless power supply services to all its customers on the Copperbelt, while the pending the Bulk Supply Agreement (BSA) with Zesco Limited […]
2 Apr 2020
|
Mirriam Chabala
ZRA forecasts reduced revenue collection amidst COVID-19
THE COVID-19 pandemic will negatively impact revenue collections this year because of the decline in copper prices that has already affected Mineral Royalty Tax and projections for Corporate Income Tax from the mining sector, the […]
1 Apr 2020
|
Ulande Nkomesha
Some mines face closure amidst deteriorating copper prices, warns Chamber
MINING companies in Zambia face the prospect of being put under care and maintenance amidst the escalating high-cost of operations, combined with continued uncertainty, triggered by declining copper prices, says the Zambia Chamber of Mines. […]
1 Apr 2020
|
Natasha Sakala
Slash PAYE to provide tax relief, CUTS urges govt
THE Consumer Unity Trust Society has called on government to emulate other countries and consider slashing the Pay As You Earn (PAYE) threshold in the wake of the devastating COVID-19 pandemic. And CUTS has urged […]
1 Apr 2020
|
Natasha Sakala
Zesco will dictate power conditions to CEC – Nkhuwa
ENERGY Minster Mathew Nkhuwa says power supply on the Copperbelt will not be interrupted despite Zesco Limited’s failure to reach an agreement with Copperbelt Energy Corporation (CEC) Plc to extend the Bulk Supply Agreement (BSA) […]
31 Mar 2020
|
Mirriam Chabala
ZACCI tips govt on how to shield businesses against COVID-19
THE Zambia Chamber of Commerce and Industry (ZACCI) has urged government to immediately initiate a lock-down to protect consumers and businesses in the country against the adverse effects of the Coronavirus pandemic. In a written […]
30 Mar 2020
|
Mirriam Chabala
CTPD proposes 100% capital allowances for mines to boost production
THE Centre for Trade Policy and Development (CTPD) says government should consider increasing capital allowances to 100 per cent, among other fiscal measures to be applied, to sustain production levels of mining houses amidst the […]
26 Mar 2020
|
Ulande Nkomesha
Fuel prices are only determined once crude cargo lands – ERB
ZAMBIA is unlikely to benefit from the current low oil prices on the international market, which have reduced to a five-year low of $26 per barrel. As Zambia’s pump prices are determined by the cost […]
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