Kawambwa Tea Company (KTC) owes some Zambian companies and parastatals over K4.219 billion.
District Commissioner, Wilbroad Mumba confirmed the KTC’s huge debts in an interview with ZANIS in Kawambwa.
He said K580 million is for income tax, with National Pensions Authority owed K240 million, while retirees are yet to be paid K660 million by the tea company.
KTC also owes workers compensation board K75 million and bank over drafts of over K660 million.
Others firms owed by KTC are Zesco, K104 million, ZANACO bank K1.9 billion loan, salary arrears for workers in Kawambwa and Ndola K600 million.
Mr. Mumba wondered why management was failing to pay bills, wages and salaries for casual and permanent workers respectively when it was making a lot of profit.
He also lamented management’s failure to provide protective clothing for its workers.
Mr. Mumba observed that there were a lot of Tuberculosis (TB) cases at the factory due to lack of protective clothings.
However, he expressed happiness to note that management has started to do something for the workers plight.
ZANIS/ENDS/LC/EB
ok
Sounds ´very interesting!! Now let me read:d
Not surprised
Nine Chale this is where you get the Answer to the previous thread!! :d
I smelled a RAT!!
Yaba
Try Sisal if Tea is not profitable
Why doesn’t LT put these 2 KTC stories together? This is confusing.
Anything politicians touch in Africa goesl-)8-x
Jamaco ok l-)
#8 3Rqu thanks!!
All you guys from 1 to 9 work for LT. where are your offices so that I drop a legal suit for one of the plagariased story!! fimoneni.
#6 Engine Bbuloko, As I already said to Jamaco on the other thread, I don’t think tea can compete with coffee. I don’t know about Belgium, where you are but here in Germany, I would say coffee sells 10 times better than tea.
Coffee is like a legal drug over here, together with coca cola. We better think of something like that to invest in.
Politicking DC.
Lady Chiza mwaba shani kanshi?:d
Kuno muleponta on the other side you are a good person eeh!:o
3RqU give me chance to be number one. am sorry passion of the moment.
Jamaco is number 1
ok,
mwaniyofya boss, keep it up my friend
gone for lunch. will be back. LT dont post any thread in the next 1 hour. gone to Matebeto market in Thorn Park for TBone. luk out for the black Volvo by Bana Mapalo. Respect!! C ya
OK Lady Chiza I`ll speak to Jamaco and Nine Chale.
Where do they take their profits kanshi?.
The origins of the current food crisis and credit crunch can be traced to the recycled policies of the Nixon White House. Henry Kissinger stated the premise succinctly in 1970: “Control oil and you control nations; control food and you control the people.”
They have controled Nation now they want to control people by making them unemployed and stop them to have the power to buy food.
This is the NEW WORLD ORDER.
Ka baget ati shani
They should be able to find some willing Zambian(Local)investors who would be willing to team up & re-capitalise the firm,market their products 4 export & try and kick on from there.Not sure if government should also have a stake but could be a possibility.On a lighter note..Y is the DC the one issuing statements on behalf of the firm?He wants 2 b noticed?I SMELL A RAT!!LOL..Pa Zed
Looking for Business opportunity Help
This is all because people put more value on dangerous things like Coffee and see coffee as more priviledged. The nation needs a patriotic campaign for zambians to buy zambian like how the british put to buy british foodstuffs. Tea leaves are healthy and have a lot of natural benefits like preventing cancer and detoxing. Coffee on the other hand gives exhaustion, harmful chemicals,nutritional defiencies, obesity and many more to list
NOT THAT IT IS SUPPOSED TO BE OWED?
well i hope the owners will pay up and continue doing thier bussiness cause kawambwa tea is some damn good tea!!! :d:d:d
Yaba. I thought this company was closed!
nZdD6h comment1 ,
Perfect work!