Mineral-producing Zambia fears global economic turmoil will lower copper demand from China and the West and hurt its economic growth, which depends heavily on the metal, the finance minister said on Saturday.
Ng’andu Magande also said the financial squeeze had forced institutional investors to withdraw foreign exchange in government securities and this could hurt the kwacha, although the local currency could be stabilised.
Analysts say reserves from new mining taxes provide some protection from the ripple effects of financial turmoil.
“Perhaps our (worry) is the commodity prices. If the recession continues we will see demand for copper from China coming down and this will definitely affect us,” Magande told Reuters in an interview.
The government aims to lift its economic growth to 7 percent from 6.2 percent last year and attain at least 10 percent by 2010.
Zambia depends on copper and cobalt for more than 63 percent of government revenues. Magande said less demand would translate into reduced foreign exchange earnings.
The government could also be hard pressed to keep investors confident.
“Some people have been withdrawing foreign exchange in government securities and these are institutional investors, but we think we will be able to stabilise the kwacha,” Magande said, without elaborating.
On Friday, the kwacha closed at 4,040 to the dollar, the weakest level in five months.
Risk aversion ahead of the presidential election has added to the pressure on the currency.
Zambians will on October 30 elect a successor to Levy Mwanawasa, who died in August after a stroke, with acting President Rupiah Banda and opposition leader Michael Sata the main contenders.
Mwanawasa was widely praised for strict policies that helped lift economic growth and kept inflation under control, and his death has increased political and economic uncertainty.
Zambia has this year imposed a 25 percent windfall tax on copper mining companies and raised mineral royalties to 3.0 percent from 0.6 percent.
The government has also raised corporate tax for copper mines to 30 percent from 25 percent, making foreign mining companies uneasy.
Standard Chartered Bank Plc said however in its latest global economic focus that Zambia had created an important source of long-term revenue by raising the taxes.
Reuters
chishinka
magande mukaywa kwati ni makanta
bwato bwato bwato bwato
I FORESEE THE RECESSION IN THE SO CALLED DEVELOPED WORLD MIGHT BE WITH US BY MID NEXT YEAR
This situation is actually unequivocally, our Economists should be able to forsee such calamites so that they can be able to advise the nation in advavnce.
They are just too sleepy.
Its true bane lets be prepared for the worst. We may have to bail out companies like ZA and the Post.
Let us all give Chance to HH so that he can change our Economy for better.
VIVA HHHH FOR PRESIDENCY.
In the picture, Magande looks like he’s got a global crisis where the sun don’t shine.
Vote wisely if you can’t vote at all.
pabwatoooooooo on the boat its rainseason
thats why we say,the boat is useless now!!use your brains and hands to rescue yourselves from hunger and begging….why need a boat now?for what and where to?go to luapula and northern maybe near mwanwasa bridge!we don’t need that nonsnesne here ….sata is a pateient for God’s sake you dull kaponyas!!vote wisely…we got nyama soya and HH!!!!!!!
I thot Magande said we wont be affected much. He is retracting. hhhhhmmmmmmmmmm, what a presidential candidate he would have made.
Jokes aside, that is serious and could affect our fragile economy badly. Bloggers, am sure you are educated enough to see the consequencies. You in the diaspora your tu ma savings could amount to nothing. This is no time for political jokers playing around in bath tabs in compounds…we need sober and serious people. Engine Bboloko is concerned!
These are the same chapswho said last week Zed woon’t be affected lelo ba chinja!If you were serious Magande we would have voted for your ruling Govt come October 30 but we won’t!!!
Let us not depend so much on copper and cobalt,how have countries without these resources survived?people with ideas bring them out so we can develop our country,no foreign investor will develop Zambia for us.Viva Sata elyo no bwatooooooooooooooooooooooooooooooooooo!
That sounds reasonable, minister. Zambia’s political risk is low as it is perceived stable and peaceful. So we should be able to minimise this even further once elections are over and if the MMD wins and maintains the economic policies.
Copper prices will dive with the global economy but the fundamentals look good so in the longer term the prices will bounce up back to continue with China’s appetite for raw materials. I wish we are able to reduce copper production/supply so we can prop up the prices, like OPEC does with oil. 63% dependency on copper needs to be addressed.
The US dollar has stregthened against all major currencies so investors have moved their funds from Govt TBs etc.
Wat did magande say last wek?ati we are safe?nw lelo ati nt again..rili a joker…China our main buyer of copper togetha wth India ar having their economies slowing down,meaning thy cnt spend nor buy frm us,consquently we shal nt hav enof money to run our govt projects,its a bad chain tht we are goin into..
#7 TIYE UKO. HH WAT
Last week, i told this August house the Minister of Finance misled himself when he said that we would not be affect. I said who is going to buy our copper now.
Now it is time yo send our pounds to Zambia we will make millions in profits…
Can someone out there please update us on what steps are being taken to diversify Zambia’s economy. We still depend too much on copper. I think this is one of the major issues in our economic development. What plans does MMD, PF, UPND and HP have to address this issue. Do we have party cadres on this blog who can enlighten us please. I am sure that we can only develop if we have money. At the moment most of this seem to come from copper sales. We seem to have put a lot of our eggs in one basket. Is there anything about this in Vision 2030?
#16. My dear don’t blive all they say, niba fulunyemba if u knw wat that means, they change colors, and they have no shame. Ni fisebana wekute
# 2 &8, u really ripped my ribs, ati kwati ni makanta and global crisis. I think this guy just wants to frustrate RB coz RB has been banking on the info that all is well so he reduced prices for ferilizer thinking copper will continue selling, lelo lelo Banda iwe enda chabe ukapike nsima mchikopo cha paint naka neck tie.
Regarding windfall tax, how does this work? Is there a threshold for this, ie when revenues/profits are no longer windfall as it were. Can someone educate me on this. At what point is income from copper sales start to attract the windfall gain tax. If copper prices continue to fall is there a chance that at some point this tax will not be applicable. If that happens we might as well only expect the 3% royalties and 30% Corp Tax, if at all they pay tax.
I would appreciate hearing from economists or any other learned colleagues on this blog.
well #19 – briefly – PF is for diversification of all sectors… which seems sensible
Agriculture is the way forward for Zambia. Food will ever run out of market, we all need to eat. Zambia has plenty of land and water with a lot of unemployed people. This is what we should be going into. Tourism is also another sector with plenty of potential. Mining should just be one of the sectors NOT the main one that we depend on.
The price of copper will go up soon if government restricts supply to push up demand for the commodity.
====Correction====
“Food will never run out of market” in #24 first line(OP,20/10/2008. 1:21pm)
====End Correction====
Some of you are comedians ati ‘Samsung Mbewe’, what a name.
you want my real name you kamcheka you? 🙂
Lets endure up to 30th october and then see what follows.
Speed kills, Lets mainatain the currrent growth and watch the markets carefully for now. Our growth is good but could be catastrophic on Zed if not handled with care. IN the last few weeks we have seen giant economies fall with unimaginable figures. What of Zed which has no diversity?
# 24 I agree wit you. Diversification is the way to go now, not later, now.We need to move on the Farming blocks, encourage retirees in agric by introducing incentives such as loans for machinery at good rates and guranteed by GRZ. Secondly, would be also to lift our tourism to another level, bring more hotel capacity to areas like Luapula and Nothern province, improve road, rail and air travel infrastructure.This in the long run as long GRZ spends on infrastructure will shift the risk factor and more comfort in case copper demand falls, we will ahve agric and tourism helping on our GDP.
# 22 I hope this helps ;
“25% windfall tax at a copper price of between $2,50/lb and $3/lb; a 50% tax for when the price traded between $3/lb and $3,50/lb; and a 75% windfall levy should the price received climb above $3,50/lb”
If all these diversifcation needs zambia has, are understood by some these politicians, I doubt it. We need zambia to mone to the next level, we have been stuck in this mediocrity for some now, even zimbabwe in its worst times still has the power to attract more tourists than us.Zim still has a national carrier, reliable transport network, etc.
Change in Zambia in evitable, otherwise we continue to wallow in poverty with all the copper, nickel, cobalt, coal, excess water, freehold land, etc.
what cud be causing global meltdown?cud it be that our friends do not have learned people in their public institutions?People advocating for HH, dont mislead the nation, it takes more than academic qualifications to be a great leader.VIVA UBWATO VIVA!!!!
#23 – PF will diversify into Street Vending, how do you expect the likes of Sata talk about Agriculture when he doesn`t even have a Farm to cultivate even vegetables.
I guess even FTJ equally had no Farm, thats why he just thought of splashing cash on suits….
Lets blog about Copper prices and the inpending recession which will be upon us come Xmas!!!
ECONOMIC STING…….. ARE U READY????????
Ba ponyax ati shani aba?
i said in an earlier blog 3 months ago this copper price bubble will not last for ever and that we have to think long term. vote for somebody smarter than streetwise people like sata vote for hh
#30. Many thanks for your info. Most appreciated. My regards.
If u vote for Poor Fellas (PF) this country will be beyond redemption.That old man leading the ship has no basic economic skills.
Vote to reasonably bane
Sata’s dictatorial animal has resurfaced. He is saying there will be no election in 2011 because who ever is elected should stay for five years? Can some one shed more light please, or is this just Sata trying to extend his reach even before he has crossed the bridge?
The only way out is for us to diversify our economy and unfortunately very little has come out from the presidential candidates to this effect. We should learn to service and production oriented and forget about trading and thereby creating jobs for our friends in other countries. Who ever comes into power should reduce taxes on importation of engineering equipment and encourage indigenous people to team up form businesses that will produce spares locally then the dependance on importing spares will not be there hence less need for forex.
LT why are you sidelining my contribution
Magande why did you refuse at first?
For ur analysis,Mr Sata’s speech in kabwe thro times.co.zm.And people get so excited, 1. Mr Sata said that his government would invite new investors, rather than the Chinese, for Mulungushi Textiles to revive the factory which was once a pride of the town. 2. Kabwe Airstrip would be upgraded into a fully-fledged airport which would also be used by ZAF for its training purposes. 3. Mr Sata said he would not demolish squatter townships like Makululu and Katondo but would upgrade them saying that there was no way some people should continue living in ramshackles while other were building mansions. 4. It was the duty of the Government to accommodate its people.
#32, America is the largest consumer in the world. So when people in the USA are not confident about things, eg their jobs, the state of the economy etc, they reduce spending. When the economy is not doing so well, companies lay off some people. So when these people stop buying some goods, exporters to the USA suffer, as they can’t sell as much. Japan, China and others have grown by selling to the USA, and other Western countries. When China can’t sell, they they can’t have money to buy our copper. Hope this helps.
Magande is right thought this should have been properly reflected last week when he said this will not affect the Zambian economy!!!We can ONLY wish good luck to the incoming govern of MMD or PF for all the promises they have made. Bur we know this story as we have been there before in that the counter claim will be we could not achieve as was promised 90 days due to low copper prices!!!
mumbwa mumbwa Sata is just showing how dictatorial he is why is hen issuing statements on issues he does not understand and which do not make sense. There is not way we can have Parliamentatry and local Govern election and yet presidential will be held after 3 years and then the question to ask will be have we disarded the issue of tripartite elections every 5 years or these will from now onwards beheld at a different time from the other elections and finally what will be the effect on pariliament by having differing elections? He did not consider all these facts and hence we was just commenting from his wide open mouth!!!!
Away form the Subject at HAND I would like to know how the government intends to administer the Citizens Economic Empowerment. From my perception IT WILL NOT WORK. Reason……..? Anchor … Simple the mechanism at hand is to use financial institutions to administer the funds. This fund is meant to empower the poor people staying in Mandevu, Makululu, Kapoto, Twapya Kuma Section, Shangombo and so forth. The question is, what capacity does this category of people possess to go and negotiate for these funds with the managers, what collateral will they provide?
Continued fro 47 – From the look of things ONLY the well to do will access this money and it will not benefit the intended target group unless deliberate policies are implemented to enable the intended target group access the funds are, please advise if my thought process has got me wrong.
#32 the other thing causing the meltdown is that banks have not been lending to each other. This is because everyone is jitterly. The banks are suspicious of each other as they don’t know what toxic/bad morgatge loans the other has. Some of the banks have collapsed during this credit crunch ie no one wants to extend credit to the other. In this situation, banks fail to have money to lend to people, businesses and to pay their own loans. So some small businesses easily collapse and people can’t borrow to buy a car for instance. When businesses can’t operate due to lack of funds, everyone including Zambia get’s affected in one way or other. It’s a global village.
#46, cheers mudala. I suspected Sata was speaking from his other mouth as well. Thank you for clarifying.
Rubbish Banada and his corrupt cronies like VJ, coupled with oldie man Kaunda will push the economy into further recession.
Why don’t these old buggers die and leave the country to youthful and clean young people.
Mwaanga the aids survivor came back from the grave and Kaunda who feeds on the blood of the innocent is not even looking 80.
Puleeze!!!!
Interesting Mr Magande. I hope lower taxes, and more money in the pockect we’ll be feasible with such devts.
Lets promote tourism to bring in forex… destination Luapula and increase our agriculture production via irigation…
We’ll make it …. Courtesy of UNDP
VIVA !!!! HHH
We can not afford to see our country degenerate like Zimbabwe.
KK and Mugabe you belong to the annals of history.Please go in peace.
For Magande to be changing statements within a week simply shows what clueless imbeciles we have at the helm. I wonder which mouth he was using to declare his ignorance and which one he is now using to change that statement ! Credibility, minus two. Knowledge, minus 15. Where to Zambia?
To Mr. MC Sata – With all due respect Mr President I wish to advise that YOU were ill informed on this issue The Republican Constitution is clear on the issue of presidential By elections
tourism tourism.! you take animals to luapula and northen they will eat them up’BRANCH MANAGERS’
It is unlikely that the Zambian economy will suffer major losses due to the economic meltdown in the west. What is and should be of concern is the likely slowing demand for minerals in China. As for the ZMK/$, its likely to lose ground due to the erosion of investor confidence pending the elections….This is and should have been expected by the finance ministry….who ever wins the election, the currency is likely to stabilise….if Sata wins, the currency might deep for a while longer but will definately rebound.
THIS GUY MUST HAVE AMNESIA. ISN’T HE THE SAME GUY THAT WAS SAYING THE EFFECT OF THE CREDIT CRUNCH ON THE ZAMBIAN ECONOMY WOULD BE INSIGNIFICANT. HE IS NOW SAYING WE MAY BE AFFECTED SIGNIFICANTLY. I THINK MAGANDE IS LOOSING IT, GETTING OLD AT AN AMAZINGLY EXTRA FAST RATE. TIME TO RETIRE…
Oh no! We have only 10 days remaining; this is as good as one week.
It is getting hot in both the natural weather and the political weather.
I urge Christians to pray without bias for the following people:
1)Brig. Gen. Godfrey Miyanda
2)Mr. Hakainde Hichilema
3)Mr. Michael Sata
4)Mr. Rupiah Banda
All these four are great men who have decided to take up the challenge of running this country while majority of us will never take this challenge but will remain criticising and blogging.
#46 mudala iliko tricky nkani iyo, I cant laugh at SATA coz the const does not stipulate wether the president elected in a bye election continues for the un expired term unlike the MUNG’OMBA draft const which clearly states that in an event of a bye election, the presido rules for the rest of the unexpired term left by the incumbent. Article 34 under which the presido is elected just says this person has to rule for 5 years and i bet SATA was dreaming on such lines. Otherwise it has to require legal intepretation as article 88 also just says there shall be presdo and parly elections once NA is dissolved either by itsself or by the sitting presido. My thinking is that since we never had su
If what has been reported on zamnet is true that sata does not want elections in 2011 but 2013 then its very unfurtunate and I would rather have nothing to do with the man. He is scaring us no wonder he was in surpport of the third term isuue.
contd from #60, we never had such a situation where a sitting president died in office, the other two ruled for complete terms and did not die so 5 years became a bench mark and offsetting costs so both presidential and NA elections were tuned to occur at the same time. I bet local govt is different as this takes place i think every 2 years and after 10 years we host a tripatite election. lets educate one another on this issue Levy has left.
I said it – it had nothing to do with good policies – the good copper prices made people relax as if they had done a good job. Copper is as slippery as a live mulonge fish. Just ask super Ken.
Yes ba fine lets pray….. but the bible is also clear on what qualities we should look for in leaders and Sata for one does not posses those!
Zoona Ba Mudala Ba Magande paliba verbal work (akanwa) lol!
Magande has now said the truth. If you recall LT reported Magande having said that Zambia would not be affected by the credited crunch (I think he was either in UK or USA for some summit).
But now that it is clear he is sidelined by RB, he can tell us all the truth. Even the issue of Fertilizer and fuel prices he will tell us the true effect of the GRZ budget at the appropriate time. Otherwise RB is just operating like Zambian train, no proper direction.
Why is it that Magande is not the one who is announcing price reductions? Forget about the 7% growth this year with RB.
Truth is copper prices have plummeted and there is nothing any economic manager can do about that (with our resources)except wait it out. How long did it take last time?
Diversification to agriculture and tourism ( an others) are more likely to help turn Zambia’s fortunes around.
Just an observation, the minister was speaking to Reuters. Do our local press ever pose questions to the minister, or are they only interested in the campaign trail i.e politics?
#66. Mutota Nsha,
You are excused if you are not in the field of economics, otherwise you are not.
Whoever becomes president this year, may not achieve the 7% growth you are talking about.
Economies of the world are interdependent, and as such factors that affect individual are not always localised.
The financial crisis in the USA has affected affected many econmies in europe and asia, which in turn are affecting African countries. China’s decreased demand for copper, for example, will definitely affect us negatively it will affect market prices. Magande and RB will not have control of such factors.
Let us to hold these people accountable for things they have control over.
Here is latest from news.bbc.co.uk: China’s economic growth rate has fallen for the third quarter in succession, amid fears that the economy could be heading for a severe downturn.
The National Bureau of Statistics said the economy had grown at a rate of 9% in the three months to September – down from 10.1% over the previous quarter.
Spokesman Li Xiaochao said the impact of the global financial crisis had far exceeded the government’s expectations.
Our dependance on copper is not the problem it is the fact that we only produce raw copper. We sell it to other countries and buy it back at a premium as finished product.
ZAMEFA which we sold exports cables to South Africa, Rwanda and parts of europe. We have been given a birth right in the form of copper and we should after almost 100 of mining it on a commercial scale find a way of producing finished products.
A simple example is copper pots and pans, they are very expensive and considered a luxury. How many do we produce? But I’m some Zamians bought from abroad
Our dependance on copper is not the problem it is the fact that we only produce raw copper. We sell it to other countries and buy it back at a premium as finished product.
ZAMEFA which we sold exports cables to South Africa, Rwanda and parts of europe. We have been given a birth right in the form of copper and we should after almost 100 of mining it on a commercial scale find a way of producing finished products.
A simple example is copper pots and pans, they are very expensive and considered a luxury. How many do we produce? But I’m some Zambians bought from abroad
#70 contd.: “There are no signs of a definite recovery from the financial crisis,” statistics bureau spokesman Li Xiaochao told a news conference.
“The growth rate of the world economy has slowed down noticeably. There are more uncertain and volatile factors in the international economic climate,” he said. “All these factors have started to release their negative impact on China’s economy.”
Hachigubu Hachihaha (HH) Kulibe kwamene ayenda in this election.
MWAMUKOLOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
if it is true that the president elect has to rule for the next 5 years, then it is trick for ba shikulu ba sata coz the man is ill and may not complete the 5 years. he is currently movin around with the wife for medical support. Pabwato, yo time was 2006. Now, VIVA HH for economical liberation.
Hope you guys remember what i mention last week on the prices of metals at the LME. The close of last week the prices of all metals on the LONDON METAL EXCHANGE ALL WENT DOWN so you definately expect currencies to drop in this case the Kwacha depreciated. In countries like Australia there currency fail too.The prices of Gold and other metals which they have on the LME affected them. So take for instance the price of Copper rises to $8330 US/Tonne expect the kwacha to gain to its proprotion. This week the prices of some metals will gain slightly, its business remember and its about demand.If China reduces its imports it means it also reduces its export and also depending on consumers.
i wanted to vote for the boat but after an analysis on sata and the the current economic tumoil am left with no hope but to vote for HH HH coz he is the most capable man at the moment. RB is just busy dweling on LPM and sata will even make this country worse coz the kwacha is falling becouse some investors have started pulling off in fear of the people like sata we are heading for doom lets vote wisely… you my fellow bembas the tongas work hard unlike us bembas who like easy things..HH HH
Let me end this argument and ease all your fears, for the last thirteen years after the mines were sold, we were getting tax per back of about 0.006 or some odd number percent. Only these two years have given us the new 3%(estimated hypothetical figure) thus why is our government complaining, and why are we also crying, this three percent makes Zambia to move probably more than a hundred times more efficient than it did two years ago. Time has come to invest into our one and true resourse, they people of Zambia. China shall always nedd the copper, and if Zambia only knew how much the US and Canada need copper pipes for plumping, I might need to link Zambia with the market here one day.
Please go and study the former British High commisioners take on Zambia. It was one of the most honest statements an Englishman can ever give about us. He said Zambia was very fertile, but hungry. Food and Shelter are what the Human physical body need on the basic level; even Jesus showed us this when he fed the multitudes twice, the 4000 and the 5000. Remember we need Jesus first, then Nsomology, I am from the East with Knowledge that both my home province and my cousin’s in our beloved Lozi land could be producing more rice than Vietnam. We hadly shall get anything called a typhoon like they do. God has blessed us, all we need is to Visionalise and work, My prayers for us all to Jesus.
So first they say we won’t be affected now this. I hope you guys remember me mentioning that these guys don’t know what they are doing.
No# 80 I agree with you entirely, but read 78 and 79 it shall make you have a better day. This was got from Raw data that was Processed into information.
#80 GIVE ME ONE REASON TO REMEMBER U WEN WE HAVE ALOT OF THINGS TO DO.
Maganda..mwachinja story within a few days!!!..did you not say last week we would not be affected???..
It is evident that a lot of us have limited understinding of what we blog about. please the credit crunch is not in any way the same thing as falling copper prices.The effect of falling copper prices is a central government budgetary concern as prejected revenue from taxation may not be not met. those who have been following events would agree with me that tax revenues have been in credit of late. we will only see a slower implementation of capital projects but the credit markets will still be the same becasue they are independently run through the various banks and lending houses. Magande has not changed his statement.
#83 – Think and analyse. Don’t be chikanda, be human. A few days ago, China did not feel the global downturn. Now it does. It is from this view, among many others from many quarters that Magande has based his argument.
Magande does not determine the global economy. These things just happen (from our perspective. Please some serious analyses from educated pipo.
Expose not your ignorance.
YOU JOKERS YOU THINK COPPER PRICES WILL KEEP ON RISING? THATS WHY YOU SHOULDN’T BE EXPORTING COPPER BUT FINISHED COPPER PRODUCTS. SATA HAS BEEN TELLING YOU ALL ALONG. VIVA PF.
Lets hope the global economy stabilises,and the copper prices get back on track, that will take atleast some time…. in such turbulent times, leaving the country at the mercy of a kaponya like Sata is such a mistake that even generations to come will laugh at us. Maybe if he is backed by sensible people, it will make some sense. The Man is just power hungry(plus poor health, hope we will not have to bury another president). Lets pray for mother Zambia. Diversification if the way forward, not just depending on copper.
Whatever possessed him to deny it a few days earlier is beyond my comprehension. Like it or not, an economy that heavily depends on the export of industrial metals would always be adversly affected by a global economic downturn. The effects of the credit crunch are far reaching and should not be underestimated. The fact that these effects have spread from the banking sector to the mainstream economy shows us that it will take a long time for the global economy to recover. The banking sector in the countries that purchase most of our copper may not have been affected but we all know that those particular countries heavily rely on exports to countries hit by the the financial crisis.
The diminished buying power of western consumers translates to less exports for Asian countries. This, in turn, leads to slowed economic growth in Asian countries and therefore reduced capital expenditure. The main industry that suffers from reduced capital expenditure is construction. Copper and cobalt are mainly used in construction. Reduced demand obviously leads to lower prices which adversly affects our coppper dependant economy. Our economy, in its current form, is inextricably linked to the global commodity markets which are part of the jigsaw that is the financial markets. The Zambian economy hasn’t yet recovered from the effects of the 1973 stock markets crush and oil crisis.
Magande’s change today from his earlier statement simply tells us that last week he was not prepared to address the global recess question. This shows us that these MMD people are simply unprepared to meet our challenges.
Viva the only serious Presidential candidate, HH.
#19 and #24, very good points. We depend on copper so much that when copper demand falls, prices will fall. Then we’ll be back to where we were in the early 70’s. We need to start investing in other areas like agriculture, tourism, manufacturing etc
HH is the best man for plot 1 as he understands economics better than the other standard 3 candidates, or was it standard 4?
No# 78 and 79 well spoken, I shall not add anything.
#19 and 24, 91 is right you guys also speak with wisdom.
“Peter asked Vice-President Banda to forgive all those who voted against him”. Why the word ‘FORGIVE’? Not everyone can vote for one candidate. If no people are opposing you, the know there is something wrong with you or the system or both. Please, read the post about the divisions in MMD.
I am asking the MMD to serious consider endorsing HH before it is too late.
I am also here to save you all PF supporters from crying, havaving unnecessary heartattacks and being beaten up by the Zambia Army soldiers on the 2nd November 2008. Let those with ears hear for we are in what Dennis liwewe normally used to call “dying minutes”.
Countdown: 8 days 22 hours 30 minutes remaining and we are counting.
Vote for real and effective change by casting your ballot for HH to create a safe future for your Children, your Grandchildren and your many generations of relatives to come after you. Zambia Forward.
Pretty component to content. I just stumbled upon your site and in accession capital to say that I acquire actually loved account your weblog posts. Anyway I will be subscribing in your feeds and even I achievement you get entry to persistently quickly.