Prominent Economist Oliver Saasa has expressed doubts on intentions by the Government to re-establish the Industrial Development Corporation (INDECO).
Professor Oliver Saasa says the creation of a parastatal body might be contrary to the liberalized economic policies that Zambia has been implementing.
He wondered why the PF Government was keen on establishing parastatal bodies which were inefficient and loss making during the UNIP era.
“The fact is that we have been down this road before and these parastatals were loss making, surely you don’t want to make the same mistake,” Prof Saasa said.
[pullquote]“The fact is that we have been down this road before and these parastatals were loss making, surely you don’t want to make the same mistake,” Prof Saasa said.[/pullquote]
Prof. Saasa has since advised Government to undertake a feasibility study on the possibility of reviving the parastatal body.
“There are a cadre of human resource in the Government that could do a through feasibility study on the viability of resuscitating these parastatals before we proceed as a nation.”
President Sata disclosed in his New Year address to the nation that Government will in 2014 establish the Industrial Development Corporation (INDECO) to facilitate the creation of jobs in the country.
The only animal that goes back to eat its own vomit is a …………………………
You said it. Not me.
Have a blast of a weekend.
We are back to 1990.
Do you honestly expect innovative and trendy ideals to come from my standard 2 mate? Until he passed on MILK with my grandfather was MELEK and not Milk.
The only think that works is what’s being seeing before, everything new is strange, beyond comprehension and shouldn’t even be attempted.
@ Oldrugs, I bet you never heard that Sata will be the Chairman of the Indeco Board, and that, my friend, is no joke.
The idea of INDECO wasn’t a bad one. What UNIP and Kaunda did with INDECO is what led to the untold looting of Zambia’s wealth with impunity – the cronyism, nepotism, ‘chikayalism’, ‘UNIPISM’ and in the case of ZCCM the Bembalism of ALL member companies of INDECO. THere was INDECO & ZIMCO(Zambia Industrial Mining Corporation), and UNIP was shareholder number 1 in ZIMCO, giving it power and access to all proceeds of these companies’ operations. This is the money that bought MPs personal-to-holder vehicles, farm, home and all sorts of loans and allowances!!! All friends and children of UNIP were either employed or conducted huge business with these parastatals, making priftability, accountability and professionalism totally NON-EXISTANT! What is the new legal & operational…
This move has nothing to do with creating employment in real terms apart from creating a conduit through which the family forest will benefit.
This whole move begs the question; why revert to some business arrangement which failed big time during KK? I can smell a rat here. It seems the move is to nationalise most of the important industries like milling companies in order to control the price of meali-meal.
This is a clear indication that KK is in charge of running this country not Sata. Sata abrogated his responsibilities the moment he got KK on board.
I urge all well meaning Zambians to open their eyes and see how far backward PF and Sata are taking our country . Lets all forget Mmembe’s divisive tribal rhetoric and support UPND and HH for president come 2016.
PF has…
The more Ukwa tries to think the more he sounds like a F.OOL
I bet he his off his medicine
Why is everyone surprised with what SATA is doing to Zed? Smart pipo on this blog warned against voting for SATA, that he was part of the problem and has no idea whatsover to move ZED forward, but you called them bitter.
Here is what Albert Einstein said “We can’t solve problems by using the same kind of thinking we used when we created them.”
This is just a sample of whats yet to come. You made your bed, now lay in it.
I have always known the kicks of a dying horse can be brutal, but never knew could be this bad.
The bad services Zambia faces today is a direct result of government run institutions like ZESCO, and you want to bring more of that? No Mr President, its okay you can die in peace- we will remember you for having tried your best. Companies under Indeco – UBZ, ZCBC etc people its time to stand up.
Its shocking to hear that PF wants to open up new irrelevant structures when most of the projects Sata launched the whole 2 years since he got into office have ground to a halt due to lack of money. How is he going to fund this useless organisation? Will it be funded from subsidy removal income? If so then the lies they told is now unravelling before our very eyes.
School construction projects have now been abandoned in Luapula and most of Northern provinces due to lack of funds. The contractors engaged to execute these projects have pulled out due to non payment.
PF has lost all credibility to run Zambia now. They totally have no clue of what they doing at all.
HH told us PF is pure CNP. Idi.o.ts were quick to condemn him. Now can you see that HH has forsight? When HH heard Sata saying he will pursue KK’s policies he simply abandoned the stupid pact.
UPND and HH are the only hope for Zambia.
One Ngwee my friend. The intentions for Indeco are the same as before. State was not short of money for political activities until Indeco was relinquished.
I am shocked that Oliver Sassa is thinking backwards instead of applauding president Sata’s bored decision.To begin with Professor Sassa is not an Economist as the Media would want us to believe,he did development studies.An Economist is a person with a degree in economics with strength in econometrics.whether he did a masters in development economics does not make him an economist.The idea of indeco is what Zambia needs except it has to be designed to suite today’s dynamic industrial trends.Take for instance,south africa has the IDC[Inustrial Development Company]whose role is to facilitate industrial development through enhancing competitveness among industrial players and provision of finance to stimulate industrial growth.We can pick a leaf from south africa and come up with our own…
@Luka. Think before and analyze facts before you call other people names. The roles of IDC is different from that of INDECO. IDC initiates policy and guidelines, provides oversight and monitoring performance. In other words it is more concerned with facilitation of business, while each company retains autonomity.
Your indeco, on the other hand will be the OWNER and CONTROLLER of all public companies. It will provide centralised command centre and these companies should not operate independently. Indeco will not advise but determine how each company should operate to the point of micro-managing the smallest detail.
Did KK not say the chamba smoker could not be president…. he needed to be supervised … thats what KK is doing
And like in the past Indeco came in and ‘swallowed’ up the private companies and became a monster than controlled more than 80% of the economy outside the mines. Jobs were dolled out on patronage. Mark my words, once more chilanga, nakambala, chibuku, supa loaf, national milling, buses etc will be nationalised. Many may be too young to remember the matero reform and mulungushi watershed speech way back in 1969 – 1972 I think? We are back to the wamuyaya syndrome….waikata wapya.
Ok Lets get this straight.. the good Professor is actually not dismissing the proposal at all. He is in turn calling for a “feasibility study” a business research and analysis in effect. INDECO was considered a failure during KK’s era due to the model undertaken, also, lack of competent management, lack of auditing etc etc. These things can still work in this day and age when we have many talented Zambian economists business people, basically our base of knowledge of business systems is no longer the same as it was 40 years ago. Further, many of the Industrialized nations in the world today, have sovereign investment arms, PLC’s run by government, America,UK, Singapore, UAE all these have a similar thing. You see the idea is to ensure the wealth remains in Zambia. This is what KK IS…
Saasa is not making sense. He opposes the re-introduction of INDECO on grounds that it was loss making under UNIP, but nonetheless proceeds to call for a feasibility study to determine the viability of the project. What kind of thinking is this? If he is so certain that the idea won’t work, why call for a feasibility study? Or is Saasa cleverly creating work for his Premier Consult Company?
To argue that INDECO will fail if resurrected today or tomorrow simply because it failed yesterday is rather simplistic and unexpected of someone of his level of education (by dint of his title). What is required is to understand why the previous effort, which was well-intended, failed, so that we learn from such weaknesses and mistakes and rectify them to ensure that we succeed this time around…
…And as an educated person, Saasa should have started this debate by outlining and analysing some of the reasons that led to the loss-making and eventual collapse of INDECO (LESSONS) under UNIP before proceeding to suggest the measures (RECOMMENDATIONS or PROPOSALS) that should be employed this time to avert a recurrence of history. That is what educated patriots do, not simply shooting the idea, without engaging it in a meaningful way. That was cheap, Saasa! On whose behalf were you speaking, Prof Saasa?
its PF
Purely KK mentality.
It’s not KK mentality my friend, it basically shows the level of one’s thinking and research capabilities.
Please do not expect much from a Standard 2, rather vote him out at any given opportunity.
sata thinks what kaunda did was the best for the country. no wonder he has made him a mentor
@mud matipa, in all honesty how old are before l respond.
Couldn’t agree with you more Prof. Our government seems to be stuck with the good old days thinking….zambia has changed we need you ideas that reflect our current situation…lets help them!!!
The only mistake Zambia made was to sell of all its companies for a song during the crazy privatisation in the 1990s. it was based on advise from scholars like you prof. How does a country sell a mine for $20 million, much less than what chelsea paid to buy drogba?
These mines were loss making in the first place. No one could buy them above that price. Surely this is total madness. How do you go back back to a situation that previously put you in serious troubles? Some of knew that PF was up to no good and I’m glad I never wasted my vote on them.
my dear mamen, in business, there are what are known as turn around strategies. all we needed were good managers to turn things around. how come these mines are making profit now and we are busy calling for windfall tax after someone has revived them?
@critic
Its difficult to turn parastatals around when they are heavily politicised. If the one who is mismanaging the company is a nephew to Sata can you fire him or reprimand him? All those parastatals would have been run as viable businesses if they recruited on professional basis not recruiting sons and daughters of UNIP prominent members. How can a grade 9 drop out be put in position of management and hope to run a company properly?
Your ideas are worthless .You can do better than this.
@ critic, the main reason why the mines are making money is because there is no government interference in the management of these mines and if you think turnaround strategies are possible in institutions run by govt, then you have another think coming. Do not be hoodwinked into thinking that INDECO is coming back to make money. The brains at the helm do not have the capacity to put in strategic plans and make viable business models to ensure this thing is successful. The re-introduction of INDECO is purely political and to appease chaps who are still waiting in line to be rewarded for putting PF into power. This is a lost cause and has no room in modern economics, especially not with dunderhead extraordinaire sata as chairman.
@wanzelu, you are contradicting yourself. first you say that it is not possible to make parastatals profitable, then you say that they can be made profitable by recruiting professionals. you are a typical zambian kaponya. the country can do better without people like you.
@observer
Go back and read my comment . It is not impossible for parastatals to make profits as long as they are run on professional grounds.
Just look CDC the British government international investment organisation, 100% owned by the government. The only difference is that they recruit professional to run it not sons and daughters of the ruling party. In Zambia it is a different story my friend, only sons and daughters whether qualified or not will get jobs in INDECO .
If you were born yesterday then do comment on issues you do not have experience on.
I meant sons and daughters of the prominent PF members will get managerial jobs in INDECO.
@wanzelu, so what you are saying is that critic is right. we just need to run these parastatals professionally, and they will make profit. that is a great solution you have suggested, and not throwing away parastatals
@observer
Under Sata nothing seems to go right because of his arrogance. Look at his party , its in shambles. How the hell do expect him to pull this one successfully?
Problem is not the idea but the people to implement it. Starting from the president him self they are all CNPs as HH put it.
Ask Edith she was finance minister at the time! !
the achievement of creation of jobs will be definitely achieved, but inefficiency will creap in. i agree with prof, we need to be very careful o elkse we ill have pipo being paid for being at work at not for working like old days
I have a lot of respect for prof Saasa but I think the government is correct on this one though they should not do it exactly the way it was done in the past. I say this because the private sector has failed to create jobs for the masses and the government is getting the blame for lack of jobs. We mail also have to wait another 50 or more years for the private sector to take up certain expensive investments which are slow in bringing back profits.
You are entitled to your own opinion but honestly this is madness. How many parastatals started failing paying their workers and were being subsidized by Government? You should be too young to remember these issues. How many Jobs did these parastatals create? Well I can foresee the era of price controls and subsequently ques for commodities coming back. This is PF for you. Just read their constitution then you will definitely know that PF is UNIP in disguise. Only two parties with Central Committees in Zambia. Does it ring a bell?
<strongThe govt can still create jobs without creating some motherly company called INDECO… the are services industry and infrastructure projects. They can even lend the money to private companies to invest and create the jobs (that is if the have the money in the first place). They will just end up borrowing heavily to subsidise this INDECO.
Yes this is probably KK’s brainchild but I reckon even the Ch!near have the handwriting written all over this idea. This is the work of communism and socialism proponents. The problem Data is using the thinking of: ‘we used to have free education under ba KK and UBZ was a flourishing company, look what FTJ has brought
Chimbwi No Plan!
10 years of serving in Chilubaz government never taught Sata anything digital. Awe backwards ever and forward never sure.
Abeg – Ni Standard 2 dropout…. Hope that explains.
Indeed Chimbwi No Plan re-visiting old plans that never worked in the KK-era !! Or, is it wise to have a washed out former dictator to whisper his own failed policies into the ailing dictator’s ears??? Zambia does not have new kids on the block with great economic ideas about the future of the country, that the dictator can employ as economic advisers ??? Except the low -lives that we have seen only in the this government.
First and foremost,i welcome u all to this brand new year 2014 and happy new year once more.Now coming to the point of contention,one obviously President MC.Sata cannot make a mistake of reviving something whose disastrous end he knows very well,this man was in the Kaunda government hence he better understands the successess of this particular piece of body at this erra probably the man means so well to the people of zambia moreover he intention is to avert the situation of unemployment in this country.So lets wait and see how bestly he wants to transform this particular boby of parastatles.
Am assuming you were born in the nineties?
Government is at its weakest point in Financial terms that taking on another giant in the name of INDECO will rapidly take this country to its last Financial resting grave.Job creation is a responsibility of private sector through government providing a conducive business environment to companies.SMES if properly supported can create wonders in increasing job availability.In this country no matter how brilliant a business idea one may have,it is very difficult to actualize it as Banks have no time for Company STARTER UPS.This is where Michael Sata and his Government should channel their energies and not this INDECO NONSENCE!!!!
We were cheated by these experts that upon privatising everything there would be efficiency, higher salaries, more investments, blah, blah, blah ! But look at mulungushi textiles and look where we are 20 years down the line.
Mulungushi Textiles was never privatized but collapsed as a parastatal even after being jointly run with the Chinese govt.
Parastal companies then did not run as private companies, did not compete with private companies to make profit and declare dividends etc. They relied on government support or bail outs all the time. The sore share holder was government and not the public.
South African telkom (Zamtel) and Postal services operate like private companies.
The drawback is that when the parastatal (whether run as a corporate entity) incurs a loss it is government (tax payer) who pays.
This is why you don’t vote old guys into office. Our president and Minister of Finance are both over 70. How do you expect them to have any new ideas? This is a terrible move by the PF. Why are we going back to doing things that have failed in the past? What are we expecting to be different this time around? The Govt needs to reconsider this move.
Some ignorant blogger above claims that this is a good move since the private sector has failed to create jobs. However, where is the money to pay these employees come from. We have already seen the disastrous consequences of the increased govt size coupled with the increase in the civil servants’ salaries.
We need a courageous cabinet minister to say no to the president
Typical of any extractive political set up, the allure of control and power overrides what makes economic sense. The parastatals will be an avenue to employ and give contracts to cadres that will siphon out gvt resources that will further consolidate the extractive systems crating a vicious cycle. Read the history of Hosni Mubarak of Egypt as a case study. One question though, if Prof Oiver Saasa is against parastatals, then why did he agree to be on the board for Zambia Railways which is now a parastatal?
Primitive economic policies. Chikwandanomiks at work
And we should be concerned that the president intends to be the chairman of the board of this company. Who is going to be objective on this board with the president as chairman? We already have a problem with our cabinet due to too much concentration of power in the presidency. Do we need the same nonsense in a company which is expected to take over all the parastatals?
some prefessors…..they are just professors at arguing….and opposition. ba saasa please come up with an economic model for development, present it and debate it. All the time its fyo!
Kaunda’s influence at work
Are you saying there no witches in Zambia to sort out sata since brains have failed
INDECO! what! He was just joking like always,dont take that nonsense out of context,Mwansa Ifyabukaya will come and issue a statement disputing that the President was misquoted..
This is what is meant by “icintu cintu umwene”…. This buffoon is behaving like that iliterate called Idi Amin…very dull chap
Owe ka tekere, wiso e buffoon who didn’t give you manners to respect adults.
Albert, fcuk sata. That man deserves absolutely no respect until he starts to respect the zambian people. why respect a chap who never listens to ANYBODY and thinks he is a ka god? fcuk him i say! And the other chap Guy scott is on VOA saying sata does not need to hold a press conference coz he says all he has to say at swearing in ceremonies!! what nonsense is this?
Let INDECO come back. We ve seen a lot of ghost industrial sites across Zambia.
Nothing wrong with creating INDECO! Thats the only way forward! Jobs will only be created through creating means of production! There is no complete capitalist or socialist economy anywhere in the worls except North korea maybe. Professor Saasa you are talking nonsense!!! We just need to sort out our management of these companies! Hire proper accountable people!!! If i where sata ,all these companies should have MUZUNGU CEO’s! Way to go Sata!!!
The only people who are going to be hired in management are the likes of bene Willie Nsanda and sata’s wife’s relatives and also his relatives. Do not hold your breath.
Apat from INDECO being created the following si said to happen very very soon:
Shoprite will be turned into ZCBC
Pick n Pay into Mwaiseni Stores
Euro Africa and Mazyandu will be merged to form UBZ
Zambian Breweries will soon start making TipTop so we can kiss coca cola good bye
ROP will reopen in Ndola (Good bye Life bouy, Hello Ebu)
The prof has not articulated alternatives except feasibility studies he is sure he will be hinted to be part of. Job seeker after messing at ZR.
Umuntu Mumbi, nangu afwa alanunka. The chaps complaining of no jobs are the same ones insulting ba Kateka for the brilliant idea to bring back production in Zambia.
We thank God that Andrew Sardanis, the man behind INDECO as CEO and Chairman is still alive at Chaminika. Please ba Sata go and consult him. This is the man Kaunda trusted with INDECO. And Andrew has been good to Zambians he has recorded the events, success and failure of INDECO in his book (Doing Business in Africa/ the Otherside of the Coin not sure because I read them one after the other). One of the problems of INDECO was nepotism, employment UNIP cadres (I see PF Cadres getting jobs here – more money in their pockets) Andrew bemoaned the fact that INDECO overstayed and ran out of its usefulness. What has change ba President? By the time Andrew Sardanis was resigning from INDECO the cracks had shown. You can find Andrew Sardinis’ books at Planet BookShop at Arcades in Lusaka.
Well said. We never learn.
So who ever said Chimbwi, no plan must have been vindicated?
It is HH the man with foresight who said PF is CNP.
I totally agree with you Prof. No new ideas in PF!
UNIP days are indeed back. Sata has just failed to rule this country. He has no ideas whatsoever. Anyway, this is what Zambians wanted. Tougher days are yet to come.
u guys, the system has worked very well in China. The problem is the people, not government. Secondly the intended body can be used to hold 30 to 49% of shares in all companies. Botswana is doing.
what we need is a vision. I support this move. we can take back part of wealth in private asian hands into the hands of government
@kuta
Unders Sata nothing works well, can’t you see. What is working well at the moment under Sata? Even his own party is neck deep in squabbles.
Its only under HH that things will work well.
Feasibility study for what imwe ba self-styled “economist”? We know what Saasa wants out of this! He was to be hired by government to do the feasibility himself because that is how the man survives. For His Excellency the Presido to have made that proposal and announcement, it means government has already done its homework through circulation of a cabinet memorandum. We don’t need a feasibility for this, it will be sheer worst of tax payers money. viva Indeco……welcome umbrella organization…
Lobbyst, Uneducated villager and other PF cadres have the right to express their partisan views in the hope that the President takes note and offers them jobs in the “new” Indeco.
Professor Saasa is definitely right in advising the government to carry out a pre-implementation (feasibility) study. If you, “uneducated villager”, “lobbyst” and other cadres, can lobby for jobs through shallow slander of those who dare to question the government, why should a fellow Zambian, Prof. Saasa, not only advise the government on the way forward but also advertise his abilities to carry out the feasibility study? By the way, a feasibility study has never been conducted through circulation of a Cabinet Memorandum to members of Cabinet, anywhere in the whole world and history of mankind. How…
We are fast headed to failed economic programs of the past. We have gone through this route before. It didn’t work, but somehow the leaders believe it will work this time around. Lunatic kind of logic. When this insane way of running business failed, that’s when KK, at his wits’ end, decided to bring in the gurus from India to establish heaven on earth economic utopia. I foresee this drama replayed in not too distant future. So sad for our republic to be saddled with such clueless leaders.
Jobs are plenty. problem is many chaps are very very lazy. They are too busy drinking Two Keys, Officers and Best instead of working for themselves. In the next 2 years we are extending PF’s mandate. We need to replace the Minister’s VX’s before that and to pay the MP’s gratuity. Instead of always condemning, why not join in the progressive policies of the PF?? We all voted PF and surely you cant say we didnt know what we were doing.
Everybody knew a long time ago that there would be power shortages and prof Francis Yamba warned about it as far back as 2007(Commerce Gazette September/October 2007) but we were still waiting for some foreign private investor to come and save us. We all know what happened shortly after. In a nutshell, I am saying the government cannot leave everything to the private sector.
Let do a feasibility study? My foot…
Its possible through private public partnership. But the only problem is we are living in Mechanised world,so don’t expect the project to employ a lot.
If INDECO could not survive under a more discipline regime of UNIP, how can it survive under the confused PF?
The problem of having recycled politicians is that they bring with them recycled policies and theories. Can we please have a new breed of politicians with new ideas?
@John Daka
You can say that again my bro. Under sata every sector of the economy is in a mess .If he cant run his own party effectively how can he run the country?.
Godfrey Miyanda For Presidency 2016!
Don’t insult just advise
Miyanda for presidency supported by syphilis infected businessman who financed Sata in last elections, as Vice President, Magande as Minister of Finance, Mutati as commerce minister, Siame as local government and housing, Mudenda as foreign minister
90s is good, for example my chick is a 90s…..what else is good about the 90s??????????
The problem with many people commenting here is that they have no clue how govt is run. The president may have humble education, but some of his Ministers and Civil Servants are the best material Zambia has. These research and make suggestions to the cabinet. They technocrats know why they made this suggestions. In business you learn from your mistakes and restart your business with safety valves to take care of what led to the first collapse. Even people that invented the cars and planes you see now failed several times before they succeeded. INDECO if well managed can achieve a lot to the development of this country. The idea is perfect, let us advise the govt on how to go about it. People like Bob, Chikwanda, Katema, Luo, Kambwili, Sampa are there to listen to progressive ideas.
Chinena chasosa!!!!
This is a reckless government you are talking of here with a cabinet comprising of 99% deadwood.
No matter how educated the chaps are that you are talking about, they are also a bunch of wimps who cannot say NO to sata even if they know his suggestions and instructions are beyond ridiculous. An example is the way the AG who used to be brilliant under Mwanawasa is now acting like an uneducated chap because he is scared of losing his job. don’t you think these educated chaps you speak of had the opportunity to tell sata that he did not have the power just to rename airports and stuff unless it went through a process? everyone is scared of losing their jobs and are willing to compromise good sense in order to stay employed. Stop being deliberately naive my friend.
All Prof. Saasa said is that Indeco finally failed and that there was need to conduct a thorough feasibility study to determine the way forward. The technocrats in government cannot carry out a comprehensive feasibility study because they are too busy running the operations of government. They simply do not have the time even when technical capacity is there. I suspect that the politicians in PF, who I believe are pro-UNIP policies, fear a feasibility study by an independent consultant, could bring out more more weaknesses/disadvantages that benefits. What happens to the Zambia Development Agency (ZDA) whose objectives, structures and operations are more harmonious to a liberalised and free market economy? We could just restructure ZDA!!
Even when employing clerks, secretaries, shopkeepers, guards people look for those with experience. Can’t imagine electing someone to be president who has not served in any government position before. To understand what happens one needs to enter presidency at a certain level. Zambians need to be very careful on this one. Even Obama did not come from the street, he was a Senator before. This is in response to those dreaming of a non experienced person to become head of State. Sorry, everyone needs to start from somewhere.
Yes, someone with no government work experience can work very well provided s/he gives members of Cabinet and senior civil servants the opportunity to tender objective advice. In any case, ALL the contending presidential candidates in Zambia have good work experience from the lowest to the highest levels. Think of Milupi, HH, Nawakwi, Mutesa, Chipimo, Nevers Mumba etc- all these have successfully performed in renowned institutions. Modern management and administration whether in govt or corporate body are guided by the same principles of good corporate governance covering interests in political, economic/commercial, social/religious ares. Any of those people above are exciting and can do very well as Presidents. They are all good Zambians.
Boyi Chinena, you ve difficulty name but you speak with a lot of wisdom. May God bless you.
There is nothing wrong in re establishing INDECO. It will be bad if the government totally resort to communisim. In other countries like Botswana, the government has a huge stack in the industries.The only problem in our country is that, it is not easy to entrust our own people. Bukabolela. I foresee many being jailed.
I totally support the move under one condition that INDECO must have professionals managing it and not cadres. Let INDECO provide guidance and resources for village Industries. Please don,t just bark any how just because you are politically inclined..no.
Peace and Prosperity to Mother Zambia.
what feacibility study is Saasa talking about? it is like adding vinigar to the wound
let Sata bark at anything he saw in kaunda era, time for him is to go is near.
In the first place i have no respect for educated like Pro. Saasa.They re just noise makers.However,l agree with him that complete feasibility studies must be done.lt is not everything that was done in de past dat was bad but ifibantu fimo.Criminals!
Some pipo like Wanzelu ,Austlaria engineer and others are sick. These should be the kind of Zambians that have made our country poor.Well meaning citizens shld ignore them,they are demons from the pit of hell but dey are defeated beings. fo ols!
with beer prizes up may the best man win. Chaps will stop buying rounds of beer. Even those tu ma girls who say “spin, etc etc.” As for me, Single Malt all the way.
I agree with Prof Saasa. The problem is that Sata is not familiar with anything else apart from what he saw in UNIP. He has an almost uncontrolablle urge to replicate everything Unip did – he doesnt seem to realise the different world economic order we live in today. He wants to crown himself chairman of the Indeco board in KK style. And of course give jobs to his relatives and cronies. What a disaster this PF experiment is proving to be !
There is nothing wromg to have a mixed ecionomy. The Proff is just one of those who just wants to do things because it is fashionable to do so.How can he say that vreating INDECO would be contarry to the free market economy?
I foresee nationalization coming under PF. It appears that we are being dragged to old ways of doing things. I agree with one blogger that the rebirth of INDECO will just be a conduit for government officials to do business. Already GBM has a huge contract under FRA. Job openings will be for children of government officials. We are in a free market and such ideologies should not be encouraged. Let us all rise up and oppose this plans from the government.
Koma wanikumbusa mu UNIP. When I couldn’t get a scholarship because my dad wasn’t a UNIP member
There is nothing wrong to have a captive firm to allow Gov. control both sides of the flow of the economy apart from supporting the markets and environment in which private led flourish
The Chinese and US have captive firms to support development in addition to market and private enabling , sometimes given shortime investors and its a way that can help, a venture capitalist type or equity only with excess funds avoiding the failed
The comments from the prof are valid and above a careful review and case snario will refine and validate but then only in circumstances where Gov. has excess monies to place otherwise supporting private led and creation of local markets for exports now
The re-introduction of INDECO will not yield any good. Parastastal companies are doing very well competing effectively with othher private companies. INDECO will kill the autonomy that the current parastatals have and it will affect professionalism. My take is for us not consider its re-introduction as that is bad for business and for the economy
The only problem we have in ZAMBIA is corruption,nepotism.None is above board in this country.We are so corrupt to the bone.Tell me! who hasn’t got self interest in what one does?The govt should just support individuals to start up companies and closely monitor their operations so that they don’t vanish in thin air
Some time I wonder what these so called professor in economy do. Economy is diverse China Brazil and other up coming comes are leading in development because they are not following the American style were every thing is privatised. With lack of serious investors the government has the right to do business. We need equipment for our agriculture, industries, commerce and eg. The question is should we have to import every equipment which we can make locally. I dont like Sata’s political policies but this one i fully support. Lets also invest in our local colleges and unis research departments. We need more from our industries private ones have failed.
It seems to me like the mention of the name INDECO is bringing bad memories to a lot of people. But surely you don’t expect the private sector to single-handedly develop our country! A sensible blend of private and state-sponsored investment is required to move the country forward quickly. Don’t expect Private investors to sink money into projects which will break even after long time.
Instead of opposing and trashing the idea, you should be challenging the govt. to provide details of the role of the “new INDECO”. Then you will have grounds to oppose (or hopefully support the idea).
Prof Sassa should be showing his professional prowess instead of opposing prematurely.
Jokes aside. Well said kavundula
Kavundula you are right!!
We know the probs that led to collapse of parastatals!!
People ignorantly condemn – yet Govt still relies on ZESCO VERY HEAVILY – why? Becoz it makes so MUCH FOREX at the expense of all the blackouts!!
However having said that, I DON’T THINK THIS IS THE GOVT THAT CAN EVER MAKE A SUCCESS WITH PARASTATALS!!!
Ask Prof Saasa to present a paper, and he will do so.
That is if you are prepared/can stomach to hear an objective analysis.
aaaaa imwe ba Sata only Indeco? How about ZIMCO too? The nation will develop. Like China. One Zambia!
Very dull bloggers the objective is to create employment and that’s is what is critical and not having private companies exploiting out people has the economy permit mint under the private sector not at all who says public undertaking can not flourish Who runs mines in. CHILE?
WHAT CAN I CREATE WITH AN ECONOMICS PHD?
ECONOMICS IS GOOD BECUASE IT GIVES ECONONIST JOBS FULL STOP.
LETS TALK SCIENCE AND TECHNOLOGY, AGRICULTURE, MINING, MEDICINE, TECHNOLOGY THESE ARE THE THINGS WE NEED TO SPEAR HEAD. MARK MY WORDS.
LET ME HAVE YOU RESPONSES TOMORROW.
The comment by Prof Saasa is right in that feasibility studies would help formulate a business plan based on evidence. As for parastatals, they are not so bad, when you have them run by professionals with proven experience. The parastatals during the UNIP era failed because of misguided policies that put people with little experience and professional qualifications, although with lofty degrees, in charge of them. A country like China has a very strong economy because of a mixed approach to economics. The Chinese government runs a lot of the companies being given contracts around the world and also have some of the most successful business groups in China itself. We have to be object as Zambians. Let’s not reject things based on party affiliation and fanaticism.
You are right Mufumbwe except for the unfortunate use of subjective language in the last sentence.
The fears expressed by many Zambians are justified. Which Zambian who was mature enough in the 80s and 90s does not know the deprivations we suffered when INDECO, FINDECO, ZIMCO and MINDECO were in charge of the so-called commanding heights of the Zambian economy. For your own information, Prof Saasa was already an accomplished economist tutoring/lecturing at UNZA. He, and many fellow economists who have not been heard on this subject, are more qualified to critically comment on the subject, than most of the uninformed partisan cadre/bloggers on this page. Viva objective criticism. PF needs them to move the nation forward. WIDER CONSULTATION on policy is the way to go.
I challenge Bwana Mukubwa to go to UNZA Economics Department and i repeat,Saasa is not an Economist.I have little respect for this man from the time he and his collegues messed up at Zambia Railways where a more accomplished professor had big plans.The man is contradicting himself,he is condemning and yet requesting for further research to be undertaken.My point is the idea of Indeco is excellent but must be modelled to today’s industrial needs.President Sata should be given a part on the back over this.we have more educated people today who can do the job at INDECO and of course reasons that led to the failure of INDECO have been outlined includinng lessons learnt so i dont see why people should fear.Come out of your cowardise and support the president’s call all you that are timid.
Aah “kanshi” it is this professor that messed up fellow Proffessor Chirwa at Zambia Railways.
If you need to move forward, it is very wrong to listen to the Proffessor especially the proffessor in Economics maybe one of Mechanical or Electrical because these proffessions have answers, you actualy get comfused and end up doing nothing. Theirs is to talk and no solution. So me I don’t even know whether he says the GRZ goes ahead or not, what is he talking about?????????????
OMG… I NEVER THOUGHT ZAMBIANS CAN BE THIS FOOLISH, FIRSTLY WE SHOULD REALISE THAT ZAMBIA TODAY HAS MORE LEARNERD PIPO THAN IT HAD 20YRS AGO, THE PRIVATE SECTOR OF TODAY IS BEING RUN BY COMPETENT ZAMBIANS AND THE SO CALLED INVESTEROS ARE MAKING BILLIONS OF DOLLARS WHILE YOU REMAIN IN POVERTY, TALK OF ZAMBIA BREWERIES, MINES, ZAMBIA SUGAR, ZAMBEEF…THE LIST IS ENDLESS, THE PROBLEMIS WE ARE SO NEGATIVE ABOUT EVERYTHING, THE INTRODUCTION OF INDECO WILL ALLOW US TO CORDINATE ECONOMIC ACTIVITIES IN OUR THREE SECTORS OF THE ECONOMY FROM PRIMARY TO TETIARY THERE BY CREATING WEALTH UNLIKE THE CURRENT SITUATION WERE WE HAVE TO IMPORT EVEN RAZOR BLADES AND BANANAS, LET THE MONEY GO TO THE POOR THROUGH SALARIES AND NOT THESE FAKE INVESTORS,SATA IS ONLY TRYING TO STOP MONEY MOVING OUT OF THE COUNTRY
SATA, please in all you do, do not belittle the Church – especially The Catholic and the Jesuits.
This is an innocent, genuine and friendly warning. Your failure to take this advice would cause problems for all of us as citizens, including you.
Mr President, I have freely advised you despite not being on the payroll of advisors; so that in future you will not cry and say, “no one advised me”.
This circus will never end. Is the Lusaka pf office operating?
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Disappointed with Prof Saasa. I had held in high esteem, now i m doubting his intelligency.There was nothing wrong with Indeco, but only the way it was operated. I m now with a cadre of higly educated Zambians it will produce intended results.
Saasa is a Professor in what?
@ luka, u r the dullest….aint u seen the head of CBU business and management department……he did banking and finance but he is called an economist…hav u bin 2 sku or u just here abt it..
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