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Business
10 May 2019
|
Stuart Lisulo
I haven’t resigned, I’m committed to turning KCM around – Sheppard
Konkola Copper Mines (KCM) Plc chief executive officer Christopher Sheppard says he remains in charge of the mining giant and intends to use his three-year contract at the financially struggling firm to turn around its […]
9 May 2019
|
Stuart Lisulo
Maize output drops to 10-year record low at 2 million tonnes
Zambia’s estimated maize production has drastically fallen to just two million metric tonnes for the 2018-2019 agricultural season, down from 2.4 million tonnes produced last year, a second successive drop, triggered by severe drought conditions. […]
8 May 2019
|
Stuart Lisulo
Mines struggling to cope with 2019 tax regime, scaling down ops – Chamber
Mining companies have started to scale-down their operations significantly in response to the 2019 mining fiscal regime because they are struggling to cope with the tax policy, says Zambia Chamber of Mines president Goodwell Mateyo. […]
8 May 2019
|
Zondiwe Mbewe
Atlas Mara’s equity sale won’t lead to job losses in Zambia – Koni
Atlas Mara Ltd plans to sell its stake in Zambia and 3 other African countries in exchange for a 6.27 per cent stake in Nairobi-based commercial bank Equity Group Holdings Plc (EGH), a move aimed […]
8 May 2019
|
Stuart Lisulo
EAZ proposes forex controls to prop up kwacha
The kwacha’s depreciation where it hit K13 per dollar is partly due to lapses in the current Balance of Payment (BoP) monitoring mechanism system, the Economics Association of Zambia (EAZ) has observed. And the EAZ […]
7 May 2019
|
Stuart Lisulo
Sales Tax gives Mwanakatwe too much power, cautions Deloitte
The Sales Tax Bill will give Finance Minister Margaret Mwanakatwe too much discretionary power to decide who gets taxed compared to who will be exempted, says Deloitte Zambia. But Zambia Revenue Authority (ZRA) Commissioner-General Kingsley […]
6 May 2019
|
Zondiwe Mbewe
Govt’s failed fiscal consolidation hurting economy – Dr Mphuka
Government’s failure to achieve fiscal consolidation following the raft of austerity measures announced last year has negatively impacted Zambia’s economy, says former Economics Association of Zambia (EAZ) president Dr Chrispin Mphuka. And Dr Mphuka urged […]
6 May 2019
|
Stuart Lisulo
Exports will be exempted from Sales Tax, explains Mwanakatwe
Finance Minister Margaret Mwanakatwe has told the business community in Zambia not to expect VAT refunds owed to them to run their businesses. And Mwanakatwe has revealed that exports will be exempted from Sales Tax […]
3 May 2019
|
Stuart Lisulo
FQM posts 136,969 tonnes in copper production
First Quantum Minerals Limited has posted a total of 136,969 metric tonnes in copper production during the first quarter of 2019, partly boosted by its Kalumbila-based Sentinel Copper Mine, which hit record volumes. But the […]
2 May 2019
|
Stuart Lisulo
IMF projects ‘doom’ for Zambia if ballooning debts stay uncontrolled
Government’s huge domestic arrears owed to contractors and suppliers has put pressure on households and businesses and presents a risk for Zambia’s financial sector, says the International Monetary Fund (IMF). And the IMF has projected […]
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