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Business
4 Dec 2023
|
Philip Chisalu
We’ve again maintained fuel prices with zero subsidies – Kapala
ENERGY Minister Peter Kapala says government has not reintroduced subsidies on fuel despite the Energy Regulation Board (ERB) maintaining the fuel pump prices for the second consecutive month. Last week, ERB announced that it had... […]
4 Dec 2023
|
Philip Chisalu
IHR is coming to reset relationship with Glencore because it was bad – Kabuswe
MINES and Minerals Development Minister Paul Kabuswe says Mopani’s new strategic equity partner International Resources Holding Limited (IRH) is coming to reset the mine’s existing relationship with Glencore because when a relationship is bad, it... […]
4 Dec 2023
|
Philip Chisalu
Beef demand has normalised – Mika Meats
MIKA Meats proprietor Stephen Mikalile says despite the initial decline experienced in the demand for beef products, Mika Meats is now witnessing an increase in beef demand to levels prior to the anthrax outbreak. Responding... […]
1 Dec 2023
|
Philip Chisalu
ERB maintains fuel prices for 2nd consecutive month
THE Energy Regulation Board (ERB) has maintained the fuel pump prices for December at K29.98 for petrol, K29.96 for diesel, K29.29 for Jet A1 and K20.44 for kerosene. ERB also maintained the fuel pump prices... […]
1 Dec 2023
|
Philip Chisalu
Govt in K27.2m revenue loss due to anomalies on 753 imported vehicles
RTSA and ZRA have revealed that from the 33, 045 vehicles which were reported last year not to have matching customs clearance records, 753 were established to have anomalies at importation. In a joint statement,... […]
1 Dec 2023
|
Zondiwe Mbewe
Lsk records K234 reduction in cost of living
THE cost of living for a family of five in Lusaka for November has reduced to K9,060.60 from the K9, 294.76 recorded in October, signifying a reduction of K234.16. According to the JCTR Basic Needs... […]
1 Dec 2023
|
Philip Chisalu
Inflation rises to 12.9%
THE annual inflation rate for November 2023 has increased to 12.9 percent from the 12.6 percent recorded in October 2023. And the Zambia Statistics Agency (ZamStats) has dispelled inflation figures attributed to unofficial sources and... […]
1 Dec 2023
|
Philip Chisalu
ZCCM-IH unveils new investor for Mopani
ZCCM Investments Holdings has unveiled International Resources Holding RSC Limited (IRH), an affiliated company of Abu Dhabi conglomerate International Holding Company, as the new strategic equity partner for Mopani Copper Mines. ZCCM-IH says IRH will,... […]
29 Nov 2023
|
Mwenya Mofya
ZRA raids Spax Mining over tax evasion involving K8.8m
THE Zambia Revenue Authority (ZRA) says it has uncovered a suspected tax evasion scheme orchestrated by Spax Mining Limited proprietor Baba Mulenga, which has resulted in government losing about K8.8 million in tax revenues. According... […]
29 Nov 2023
|
Zondiwe Mbewe
Employers entitled to K2,000 allowance if they hire a person with disability – ZRA
THE Zambia Revenue Authority (ZRA) has disclosed that under the Income Tax Act, an employer who employs a person with a disability on full-time basis is entitled to an allowance of K2,000. ZRA further says... […]
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