(Repeat)
By Son Mumbi
The recent copper boom has been short lived. From about 2005 when there was massive reinvestment in the mines and speculation of more, the Copperbelt and Lusaka saw a proliferation of all manner of mine suppliers- Robin Hood copper recyclers (stealing from the mines dump to sell to ‘venture capitalists’).There was a boom in trade with Dubai, China, Dar es Salaam.We saw an increase in property investment, transport and prostitution (Solwezi notably). And boy did it boom! A check on the social spots of the Copperbelt town of Kitwe and one was likely to meet all manner or businessmen and a few businesswomen.
There were excursions across the border into Congo and into the new wild west of Zambia, North Western Province to get villagers to dig for copper using crude tools and haul 50kg bags of ore on the backs. Stories of copper truck hijacks became the norm. The Chinese where the villains of the show. While a not too close look revealed that other country nationals were the villains also, namely Australians, South Africans and Zambians too! Pot-bellied Zambians and Afrikaners with attractive mistresses to swing
around the town with sleek 4 by 4’s.They lounged around the popular night spots with very attractive mistresses, who if times had really been good, might have been walking the cat walk. Well that is all coming to an end!
My advice to all local mine suppliers, transporters, copper labour exploiters, start farming now. The good times are coming to an end. A global economic depression is inevitable. Forget about joining an NGO and stealing aid money for a ‘poverty’ project, there will be no money for Africa from the West.Not with increasing poverty levels in America and Europe; they will look to their own first. Forget migration, it will only get harder for you to get in, you won’t get past the British Embassy.
Local businessman, with the loot you have left from copper ‘gains’ invest in a low energy consuming tractor to help you cultivate the land, not the new set of shiny wheels you have been contemplating. Do not grow maize, fertilizer subsidies only come during election period. Grow sweet potatoes,groundnuts and soybeans. Practice plant rotation, yes you remember it from secondary school production unit.Plant indigenous trees, keep hardy chickens. Avoid goats and large herds of cattle, they overgraze, but you might want to keep a few pigs, they are not picky about what they eat. To avoid energy problems, go solar, forget about that diesel generator you were planning to buy in Dubai.
And lastly, if you are going to have multiple partners, marry them under traditional polygamous arrangements, and stick to those that you do marry. Be open about it, sly sneakiness won’t do you any good when things are falling apart. Besides, honesty is the best way to get the co-operation of your wives for that extra labour. By being open and sticking to your partner or partners you also minimise the risk of contracting HIV, drugs may get very expensive when things fall even further apart.
If the above is all too much, I recommend an honourable death, volunteer your services to the SADC peace-keeping mission for the DR Congo, Laurent Nkunda is guaranteed to kill you, but at least you would have done one good service, to possibly enter heaven. Isn’t that what most Zambians want judging from the proliferation of pastors in every conceivable social setting, even public transport.
1
Yep! its all over :((:((:((:((:((
right on many points. :-w
That is timely advice considering that its rain season,instead of chasing dreams at the High court,bane pliz let us make use of the good climate.
Nchito nima fruitless protests.Thats why we need Economic managers as leaders not jst big mouths :((:((:((:((
PABWATO FOR LIFE.WE TOLD YOU THAT MDD WAS JUST DOING TEMPRAL MOVES
Maximize agricultural production, sell tourism and market the film industry. There are two ministers of agriculture in Zambia let them maximize their productiveness. There should be no crisis.
CONCERNING THE POST ON TOYOTA INVESTMENT MADE A FEW DAYS AGO BY WESLEY.
” June 3, 2008
The famous motor company, Toyota Japan has committed over US$10 million to carry out an expansion project in Zambia that will include opening up plants in Solwezi and Livingstone in Northwestern and Southern Provinces respectively.
Toyata Japan plans to set up plants in Zambia for value addition, converting copper into cables that will be used for making motor vehicle parts and assembling full Toyota vehicles.
CONT FROM #7]
Speaking to ZANIS at the just ended TICAD 1V, in Yokohama, Japan, Commerce Trade and Industry Minister, Felix Mutati disclosed in an interview with ZANIS that the US $ 10 million will go towards renovating the Toyota head office in Lusaka and opening up plants in Solwezi and Livingstone.
“ Toyota is expected to come and conduct some feasibility studies in the next one or two months, but in case they delay, Zambia will continue to prod and push until we see major companies from Japan coming to invest in Zambia,” noted Mr Mutati.
CONT FROM #8]
Mr Mutati said it will be easy to market Zambia to Japan and other investors worldwide once Toyota sets up plants in Zambia.
Mr Mutati explained that Zambia will soon reach a Memorandum of Understanding(MoU) with a Japanese company called Jethro to facilitate investment flow from Japan into Zambia.
Njala pa Zed. Njala chabe. We may talk of farming but have you notice the rain pattern this season? Kapena tourism though the S/Africans seem kutidyela masuku pamutu. Ah ah ah… :((:((:((:((:((:((:((
:((:((:((:((:((:((
Morning guyz, I think Zambians should go for Agriculture now though most people dont like it. :d
CONT FROM #9]
Mr Mutati added that Jethro, which operates like Zambia Development Agency, (ZDA)will assist in the promotion of investment from the Japanese business community, provide technical assistance to ZDA and also provide technical assistance to producers and exporters so that they penetrate the Japanese market.
The Minister further said apart from Toyota Japan, Zambian government officials also met with Mitsubishi, who have promised to go beyond mining into value addition.
CONT FROM #12]
Another Japanese company that has plans of investing in Zambia is the Japan Oil, Gas and Metals National Corporation, JOGMEC, which hopes to assist the Zambian government by providing geological data in Oil and gas explorations for Japanese investors to come into Zambia.
Mr Mutati also disclosed that the Zambian government together with Japan International Cooperation Agency (JICA) is putting up a multi facility zone with the technical assistance from Malaysia in order to attract Japanese investors and other Asian countries.
CONT FROM #13]
He said the Zones will create an industrial base for value addition industry and hoped that the feasibility study will be ready by April next year.
During the TICAD 1V, Zambia’s Ministers of Commerce, Trade and Industry, Felix Mutati, Finance Minister Ngandu Magande, Foreign Affairs Minister Kabinga Pande and Agriculture and Cooperatives Minister Sara Sayifwanda attended an investment forum where over 100 Japanese companies attended.
CONT FROM #14]
Among the issues discussed at the forum included the investment climate and incentives offered in Zambia, and the Japanese perception of risks in Zambia and Africa as a whole.
[Source: Lusaka Times]
Ba LT honestly is this type of guy to entertain. Please remove this article, its an embarrassment to Economical Analysts. Son Mumbi what you need to take to your THICK HEAD is that the Copper prices have gone to back to Normal rates. The rates at $8,000 – $10, 000 where abnormally high. The normal rate is $5000 – $3500. You sound as if you failed to make in this type of business….
Mmmmmm! Very good article. I will print it.
MY COMMENT PERTAINING THE STORY ENDING AT #15]
You see Wesley, some things have already been thought of. This is just bashing of the govt which is common amongst PF cadres.
[COMMENT PERTAINING THE CURRENT ARTICLE]
Go and farm and start an agricultural boom. This will lead to an agricultural manufacturing based boom.
MINING WILL NEVER STOP… ONLY A BLIND FELLOW WOULD THINK MINING WOULD STOP
“And lastly, if you are going to have multiple partners, marry them under traditional polygamous arrangements, and stick to those that you do marry”.
Very strange advice, please ignore it, %-(
# 16
Dude what’s wrong with you. You’ve obviously not been to the Belt of late. It’s timely advice to the brothers who were stealing from the mines. They made too much from no sweat at all and won’t know how to invest it properly coz of lack of foresight to put it politely. We’ll still need them to continue earning an income so that they can sustain other parts of the economy, e.g the retail sector (markets, super markets etc) They need to diversify :-?:-?
I suppose thats thats the price we must pay for not diversifiying our economy
Free market i hope this japanese investment story is not just another story i stand to be corrected but Tata were supposed to start assembling vehicles in Ndola in about oct-nov this year.
“Laurent Nkunda is guaranteed to kill you”
I don’t see any sense in this statement
Try agriculture. It will work ;;)
Man should not forget history but must learn from it.
This is like de ja vu. Didn’t we see this in the 70’s when copper prices slumped, it took the economy with it.
Our leaders where there during that time and saw the damage it did to the economy, one wonders why they didn’t diversify and also why they didn’t put measures to avoid a situation like a bad copper price-bad economy, good copper price-good economy situation.
I guess we should use the same formula enacted then. That is borrow from the IMF and World Bank until we are so far fetched in debt, our kids will be reciting poems for debt relief once again.
I guess the saying is true, HISTORY DOES REPEAT ITSELF. :-\”
I think i’ll just run for MP like all the other job seekers.
“Avoid goats and large herds of cattle”
Strange advice, please ignore it, %-(
Biggie Jim
You are making me laugh with the criticisms.
This article was meant to be a serious examination of the looming economic doom. The author crewed it up.How are you going to talk about incresing agriculture production without looking at the demand side of the equation? The article is good but without any serious analysis of how a shift from mining to agriculture will affect the economy.
Do not grow maize, fertilizer subsidies only come during election period.
Another bad statement
“Do not grow maize”
Strange advice, please ignore it%-(
Practice crop rotation, good advice, ignore it at your own risk.
#29, Free-Market-Capitlst,
It is important to have a good laugh, its good for health. Laughter is like a medicine, it prolongs life while a broken spirit dries the bones.
😮 Its hard to believe that LT can post such a useless article on the webpage! “If the above is all too much, I recommend an honourable death, volunteer your services to the SADC peace-keeping mission for the DR Congo, Laurent Nkunda is guaranteed to kill you, but at least you would have done one good service, to possibly enter heaven.” :-w LT, W.T.F?
#10, I don’t know which part of the globe you pretend to be residing in at the moment..Njala pa Zed, Njala pa Zed kwisa, what is happening here is also happening everywhere else on the planet. Some of you chaps away from home are even facing more problems, at least ifwe chibwabwa and ibondwe are in season, plus tu kapenta ninshi ka meal kawoneka….stop pretending, if it is not bad for you then at least you know someone who it is really bad for, shaa ala!!
Come on Biggie Jim the author was just adding some humour to the sad situation we face in Zambia.lighten up dude. [-x
:)>-
Pray we have another election next and every year. Only way we will get handouts from MMD. :d
I sure I have seen this article before! Why repeat it? Has LT run out of stories?
The rural areas have been disadvantaged for a long time and this is the main reason diversyfication has failed. Us rural dwellers have lost our young, intelligent and healthy young men to town. Why? because the prospects of making it quick seem much better in town than in rural areas. The fact that we have been feeding the town people and yet the town people have determined the prices of our farm produce has put us at a big disadvatage to a point that production has dwindled this aggravated by our lost manpower. The only way Zambia could diversify is if rural areas have equal chance of being a viable competitor to town in terms of living standards. The best way of starting this up is
Americans lost over half a million jobs just last Nov, a few of my friends, who happen to be Zedians are also victims….so tepa Zed fye iiyoo! CNN is full of news about job cuts and what Obama plans to do…people at GM, Ford and Chrysler are begging for their jobs..in SA, over 5000 miners are in the process of losing jobs and gusss what, when it comes to making hard decisions the foreigners like #10 will be the first ones to be sacrificed just as we are sacrificing expatriates down here….just a fact. 😉
#40 I like your choice of words-“town people”. :d
Inonge #36 what humour are talking about???
#40 cont’d
giving us the opportunity to feel the benefit of our hardwork by considering the real value of our products. The subsistence farmer must be encouraged to sell his produce at market/producer value considering all factors involved. The access to market of goods from rural areas is paramount.
The moment that the rural dweller finds it profitable to remain in rural areas will be the turning point of the economy in Zambia. The many people flocking to towns simply compound the problems.
#36, inonge,
Bo Inonge, i’m equally adding humour to the blog. Check #29.
I wish you could see how broad my smile is right now. :d
Nice piece of comedy. Hope he is farming himself.
that’s why I am in the UK. When in Zambia just join politics and you will have a Jeep commander and be able to slaughter women at parliament hotel.
I remember a friend of mine in Zambia taking the mickey when we first heard about America`s economy going into recession. The chap was excited saying stuff like you guys in the western world are in trouble. What I said then was, if Americas economy is in trouble then I feel sorry for Zambians.
It is a tricky situation but we do not need to panick. I think this is time we should even be looking at working even harder than ever before. Let us stop this reliance on investors and look forward to doing it ourselves within our own means. To be honest very few Zambians benefited from the copper boom.
Other than waking up and going to work, there was litle to show for it.
The Kaponyas you see in town are our people (villagers) frustrated by the lack of jobs in town. They settle in make shift camps which the establisment has come to call shanty townships. With no jobs, they become busy bodies to merely survive with no value addition to the economy. The heavy dependence on the copper industry is a ‘double edged sword’for Zambia.
The business of Grz in the early years after Political Independence was to try and bring some meaningful hamonization of wages between ‘expartriates’ and ‘locals’. Grz did not adquately adress the disparities between rural dwellers and town dwellers and thus the ‘pull’ to the city. This is still our problem.
I agree with you #40,44..developing this country hinges on agriculture and developing this sector is highly dependent on developing the rural areas through provision of basic yet essential infrastructure like roads, water and sanitation, schools, hospitals and social amenities. Just an example, whn you are travelling from C/belt to Lsk, you pass through Chisamba which is essentially a rural area but you hardly notice..and it is probably the most productive area in the country. What we need is to spread the “Chisamba concept” round the country, this way we increase our food security as a nation, we create rural jobs through farming, civil servants and we improve the quality of rural life.. :d/
You guys in the UK how are you taking the crunch. It appears as though there is a real discontentment about migrant workers there? The British people have clearly defined a separation between native born citizens and those that are ‘migrant’ citizens.
It is sad when the copper price was favourable the Mine owners never took advantage to recapitalise now it is too late.By the way this is not strange, it used to happen in Anglo and ZCCM times but the situiation was well taken care of and not the way it is now.
0h!Come on men! not the same story we were reading about the last couple of weeks. Which person doesn’t know by now that the world economy is melting into global recession?
After all has been said, this not the best time to abroad with no job, its bitterly cold (and damp if you in the UK), you are probably alone or with very few african friends, you don’t know your neighbours so na salt teti ulombe…and did I mention that it is bitterly cold? Ya, so you need to pay those bills and the gas bill must be top of the list, yaba…
Lets go zambia, lets go :d/
People in the UK, how are you dealing with the situation. In the UK the indigenous people don’t want foreigners and the muslim presence in the UK is making the xenophobia against immigrants even worst.
If this credit crunch gets any worst, you people in the UK will find yourselves on the first plane back to Zambia simply because of xenophobia, racism and islamophobia.
Wait, it is almost the same here in Canada (except Europe is worst). I have to find a plan B. @-)
#51. it all depends on one’s job. by the way, don’t be deceived by my flag; i am in UK. we are really feeling the pinch because most of the stuff in the supper markets have gone up in prices. Basically the monthly expenditure has sharply shot up. Remember it’s winter and we need heating, it quite biting man.
The good thing though is that Grz has to some extent recognised the essential problems that we are facing as a country. The opposing calls for protesting increases in mealie meal prices is one example that tells me that Town people have no idea what it takes to produce and market the farm produce. The government on the other hand have promised not to subsidies the ‘input costs? The fact of the matter is that upto now very few Zambians consider the rural area as a place of business opportunity and this heolped by ‘certain’ and obviously misplaced priorities and policy positions. The subsistence farming poses the most viable alternative to employment creation outside the copper industry.
#51, Mmmmm mani ala naiZanda pa Kays, even pa States napo yaZanda. Watched a certain lady was forced to choose between her job or her daughter and she chose…you guessed it..her job! Anyway napo pa Zed payesako kuZanda mwe!! 🙁
my fellow woman in the picture looks good. what do you think boys?
Signs of the Times
:-w
Town folks still want us to subsidies their food costs. That is fundamentally wrong. How can the subsistence farmer afford to keep his production level high if you reduce the price of his produce? If the peasant farmer toils the land, let him benefit from his toil. This ideally should explain the popurality of the MMD in rural areas. Is it so? The matter that is cardinal is that peoplemust be attracted back to the rural areas without forcing them. Remember, the Kambilombilo initiative. The government then saw this problem but they thought of forcifully relocating people to rural areas. The cardinal question is how to attract people back to rural areas.
This is what we call the down fall of Zambia the real africa.lets think of way and means that can help us to redeem our country’s economy. 😕 say[-xto fake investors.
Co-operatives were tried but I believe they still cant work because as the word ‘co-operative’ implies, the people, in this case farmers must be the driving force behind thier creation and not Grz, otherwise it is a sheer waste of time and Tax payers money. The essential thing to do is to give real incentives as in policy formulation to the rural peasant farmer. At best, one is happiest in his own land!
We are Back. Ok, first, Zambia should not be so open that just a small sharp spike in copper tanks the entire economy. This reveals that there is serious lack of planning. Secondly, there was no copper in Zambia, then it would cease to be a country wired???. Dont we have enough brains sure to serve this thing called Zambia. Are the people in GRZ not the best brians??. I dont actually think they are by the way they are responding to these peoplems. We havent seen that will and knowledge thereof of these men in trying to solve these problems. Zambia still has high levels of corruption and this cancer eats every gain in the economy. It is the biggest problem and not the copper
i sense a bit of jealousy by the author of this article. The same i can say for a number of bloggers. The copper boom is over for now but has a good chance of reappearing. When the coper is gone it does not mean no copper business will go on. it will go on pipo just need to change their mindset when doing business. i believe the copper price will settle at $ 6,000.00 which is still good for business. Ala bane dont rejoice at this tragedy just because you never cashed in, look at the bigger picture, our economy.
Grz upto now have the essential components of our economic hurdles. The creation of jobs outside the copper industry is essential. Copper is still about 50% of our forex revenue and as such responsible for the meeting of the bulk of our budgetory requirements. If this burden could be equally shared among the various industries, Zambia will be heading home.
Grz must deliberately and willfully decide to benefit the rural farmer. Providing the enabling envirnment to ‘ownership’ and benefits of his livelihood. The more people stay in rural areas, the better for the over all economy.
It is very funny when zambians in zed laugh at people in the west ati ‘credit crunch’ and global recession. It just shows how dull some of our countrymen are about economics and world politics. If it’s bad for the bwana at work would you ever see his garden boy celebrating and laughing at his boss. The UK isn’t bad all you see about immigrant division is just media propaganda, it’s no different from tribalism in Zambia
The article seems to have been ell intended but Mr Son Mumbi missed the point by sounding petty and envious of those who benefitted from the copper boom. The boom was for every Zambian so for those who missed out next time the boom is in town get on board. secondly for those that will be on board do diversfy.
No fuel reduction this year as promised during campaigns,no fertiliser for 50 pin as promised,plenty dinner dance parties,increments with back pay from january,ncc to be extended to 2010 so they could make more money with hope to retire then,meali meal prices will never come down and mark my words it will not and by the way meat has just gone up as well,you have all this in mind to chew, we are heading for even toucher times,all this is happening in days and weeks,not months so how does the 3 year term mean or sound to you?
Boss # 71 you know the story. Zed is not like Stango where if you do live up to your promise you are held accountable. pa zed niso che.
The loss in revenue from copper price dipping will be countered partially by the increase in export volumes with the opening up of LUMWANA. But this should not be cause to relax. Diversyfication and food security must be pursued by all means and subsistence farming offers that oportunity to do that.
farming is indeed the only way for Zambia
Plse Zambians hold these irresponsible leaders accountable; We want you to sign a petition to impeach the President and Members of Parliament, The world is in a recession real leaders take a pay cut not a pay raise send an e-mail to [email protected] say impeach the President and Parliament sign it and forward to all the Zambians you know all over the world.
#69 Who is laughing at you and why are you seemingly trying to comfort yourself? If everything is call, then dont worry just relax.Dont be disturbed by the imaginations of us Zedians back home. But if you sense some meanniful cause to be worried, which I sense in you (could be mistaken) then by all means prepare yourself. ~X(
#75
You are probably PF. Another petition to counter your proposition will yield results similar to just ended election results, get the point.
Today Zambia is one of the world’s leading producers of fine Emerald. Highly prized for its intense colour and remarkable clarity, Zambian Emerald retains its magnificent hue even in small stones of less than 0.5 ct.
What is the government doing about this. Has got a strategic plan for Precious Mineral Mining?
Those of us with foreign flags shouldnt lie that we are outside Zambia. We are right here in ZED, flags simply represents the IP addresses we are using. Lekeni Ubufi all of you are in Lusaka and surrounding areas. Bulaya wakwisa?
# 12 – 18 Free market capitalist , what is your point
Brazil, Madagascar, Mozambique, Russia. Nigeria also produces an ‘Emerald’ coloured by vanadium but it is not intentionally recognised as emerald since the chromium content is too low.
But Zambia’s Emeralds stands out to be the best in the World. As Zambians cry about the prices of Copper Emeralds are illegally been taken out of the Country by the Clever Politicians.
just have faith the boom will be back.
Steady production of Emeralds from these mines (Emerald Mines) has been bolstered by Zambia’s illegal exports, rendering an even greater reputation as a reliable source for the Western World.
For Zambia, it has always been quick fixes. NO planning ever since we got independence.Just careless spending on sending headmasters to Russia for political gains or giving money to a congolese to procure armery???. It is not Agriculture that will redeem Zambia. We just need a whole heck of competent people who will bw able to plan, motivate, and push that country forward. Problem will always be there and so are the resources, but a lack of serious people to use what we have effectively is a major disaster!. I have not head of any policy on the part of GRZ on how they intend to push Zambia forward! They are always looking for invisible investors. Investors who also have prob at thire hom
The main reason why the copper prices have droped is the low demand for copper.copper is mainly used in the manufacture of most building materials and because of the worldwide economic crisis,the demand for these materials is low hence the drop on the prices. This has also affected the companies producing copper because the demand is low and they cant continue to produce more and at the end of it they have to cut on the man power hence the job losses in the mines. This will continue for a good four(4) to ten(10) years to come. Therfore zambians should switch to Agriculture or Tourism to reduce on this economic tsunami as Matworld-Nice guy puts it.
😕
What am I going to do? I’m going to choke the bishop.
Those of you who are old enough may recall the (absurd?) attempt to create our very own metal exchange called ‘Virgin Meta Exchange’ by then spearheaded by John Mwanakatwe ( cant remember for sure which Mwanakatwe it was. This was an attempt to by pass the London Metal Exchange which was seemingly undercutting our percieved real value of copper earnings. The issue was partly resolved through the introduction of ZAMEFA as a government run marketing Agent.
#49 “KAPONYAS” are not villagers.On the disparity of salaries between th expatriates and zambians, you are very misled ,It was the Government of zambia that brought up the idea of paying the so called expats more than indigenous zambians even when the latter was more educated.lots of so called expats even rubbish ones descended on our beloved zambia- It was Kaundas fault.Ask him about ZAMULILO-He pretends to be the founding father , He is the Father of Destrtuction as far as Iam concerned . Its my opinion!
:d/:x8-|/:):o:-w
#89 MAYO WANDI
Which era are you refering to, for context sake? The era right after independence had for instance only a handful of locals at supervisory level.
:-@:-@ dont talk to much:-cjust call heaven and our God will come through 4 zambia.
thank Zambians.
The government is going to lose alot of money because they were expecting alot of revenue through taxes from the mines, now because of the unexpected reductions in prises, they will get less and this will make them to get alot of loans to reinburse the lost revenue. So prepare yourselves for this other tsunami coming.
#88 please educate us on the ‘Virgin Metal Exchange’. ZAMEFA was sold way back. Are there any plans to bring up this idea of a Zambian metal exchange because using LME is tricky for us Zambians. I would like to hear more from you.
#89 MAYO WANDI
Well, you may be right, the Kaponya is not a villager. But the point I am trying to drive at is this: The fact that there are more people that necessary in towns is explanation that rural areas have been left handicapped for lack of man power. This ‘pull’ to the towns has unfortunately created a huge section of the unemployed.
#94 The problem with that concept lay in the fact that Major buyers would have had the alternative of buying cheaply through LME given metal price changes and especialy in the event of an over supply of the commodity.
as usual, the mining companies will be thinking of running away since they have made their profits. what about us?
#94 VME would have been in the shadow and recieving only leftovers. Get the picture.
#97 China’s growth is still reasonably grounded and see no reason why copper prices should not stabillise sooner than later. The demand for copper is still there despite the credit crunch.
It was ever expected that prices would go down, and for sure Grz was aware if this dipping of prices.
Ba LT the answer is diversification. Encourange much of the investors come, and to take there investments in rural areas as well not only in towns. Remember Kenneth Kaunda’s “Go Back To the Land” and till the land. If only every Zambian can produce enough to feed themselves for a year, then Zambia can be considered wealth where none is starved to death..! :d
Pa Zed its hard work, almost impossible for things to change#:-s. Too much:-@ :-@ and |-). We need more of 😕 and action before we can have more $-) and <:-p and live like <):)
why is the price of copper determined by LME.Last time i checked England does not produce copper so why do they determine copper prices?
**== zambians l treasure you.
love you all.
stay blessed.
its our problem that we are in this crisis again, God has given us enough resources to better our lives than relying on copper, I put the blame on the government to have allowed the investors to completely take over the operations of mines in Zambia, “you can not rely on an investor to clean this country and make it heaven on earth. It will take us Zambians to make this country a better Zambia and even if these inventors were to pullout I will still not blame them,they aim at profit maximization,I would behave in the same way if I were in business.Diversification has been everyone’s song but all we do is talk about it and hold workshops,i wonder what is going throug RB’S mind now!!!
Falling of copper prices,a bad thing indeed for our economy but the prices of copper were abnormal before that. The current prices are the normal ranges for our much cheerished metal we have to deal with it.
Mines are retrenching poor Zambians who get very little. Instead of retrenching 300 Zambians, the mines can as an altenative retrench 10 expartriates. That way they will make the same savings on wages and pay more Tax as they will use higher tax rate band for the enormus expatriate exit wages. :d/
Is to suffer mwanangwa. Is to be endured.
WE ARE TIRED OF THIS PROPHET OF DOOM’S ANALYSIS. ONE THING ALL OF US SHOULD REALISE IS THAT IT IS REALLY DIFFICULT TO EXTERMINATE HUMANITY IF YOU ARE NOT GOD. WE ARE GOING TO SURVUVE JUST THE WAY WE SURVIVED ON TIP-TOP AND JUST THE WAY ZIMBABWEANS ARE SURVIVING ON COUGH MIXTURE AS BOOZE. THERE IS ENOUGH MARKET FOR FOOD, MOTOR SPARES AND MEDICINE MORE SO ARVs. SO JUST DIVERSIFY FROM NDANDASHI TO PHARMACY OR CHEMIST OR NTEMBA OF NSHIMA WITH CHIBWABWA.
Copper boom is over and should be replaced with the maize boom! demand for food will always be there. We need to diversify and stop pointing fingers!
Gentlemen, no one saw this recession coming. Dont crucify the poor business men and women. Not even the developed countries saw the credit cruch coming. It has happened quickly, taking everyone by surprise. The global recessions and depreciation of currencies are fall outs from the credit cruch, which only began 18 to 24 months ago.
Let the clever poor business men have their day. Every dog has its day.
All kaponya’s in lusaka should be put to good use i’m sure they are good laborers :d. We need to decentralise Lusaka and C/B. This GRZ katwishi they were talking about increasing agriculture but they just took street kids to learn skills which most of them can’t even put to use becoz its not just a matter of having the skill. They should have just given some crash course in farming basics and then given them a headstart.Most of those kids are back on the streets now so what was the point?? A good idea is not enuff if you can’t make it work.
I can only imagine how it is for those good for nothing Zambians in the UK. I am sure with this cold season they are busy scurrying from place to place in overside hand me downs weather coats doing odd jobs. Some have gone into m arriages of convenience with senile old muzungu men in the hope that the winter kills them and they benefit from the inheritence. What a life. Please just come back home :-w
Very few people here who are commenting on this issue really understand what is going on. Most of them are just here to make others panic.
why cant we start cultivating marijuana,its the dutchs hot cake,plus they are runnin out of good stork here,please mr president.
:-t:-:))~o):-ss:-@b-(@-)
Zambia forward, in tune with the Nation!
Thank you LT for providing only sensible animations:
:)>- UNIP, MMD l-), UPND =; others :-@
if there’s a lesson thats being thrown at us is the need for diversity in economic activity.you are right the global economic meltdown is yet to get worse and the last thing we need is people stuffing their money under their beds. in the next coming months,the economy will need clever business men and women to reinvest their wealth in many other sectors alongside agriculture.the Government’s role will be critical in brining back confidence and encouraging new investment,equitable redistribution of wealth,social protection,reduced Government spending (on unnecessary things such as minister’s and parliamentarians perks).
Loan Offer At 3% contact us with Name,Amount,Duration,Phone Number,Age,Country,State,
Email: [email protected]
Regards
Customer Service