Government has cautioned Business houses not to use the adjustment in energy tariffs as a justification to hike the prices of essential goods.
Minister of Energy David Mabumba says increases in commodity prices will be unwise as this will only cause shocks and distortions in the economy.
Mr. Mabumba has argued that the hike in energy tariffs is not a punitive measure but an undertaking done in National interest.
He has further observed that the tariff hike should not be politicized, maintaining that the PF Administration remains a pro poor Government.
Mr. Mabumba said this in Ndola during the Energy Indaba called to discuss the tariff adjustment by the Energy Regulations Board -ERB.
The Indaba was attended by energy experts, the business community, civic authorities and District Commissioners.
The Minister said electricity tariff adjustment although painful will steer growth in the energy sector.
Mr. Mabumba said the cost reflective tariffs will attract new players in the energy sector.
He noted that Government had previously failed to attract investors in the mining sector owing to power constraints.
Mr. Mabumba said with the opening up of the energy sector, new mines will come on board as ZESCO limited will use money from the adjusted tariffs on new projects.
Meanwhile, ZESCO will next week on Monday implement new electricity tariffs following the approval to do so by the Energy Regulation Board-ERB-.
The ERB has approved the upward adjustment of tariffs by 75 percent but with amendments to the lifeline units which will now stand at 200 from 100.
ZESCO spokesperson Henry Kapata says domestic customers will from Monday buy 200 units at 15ngwee per unit and any extra at 77 Ngwee per unit in the first phase of the increment which is at 50 percent.
Mr. Kapata says the additional 25 percent increment will be effected on September 1, 2017 and domestic customers will then pay 89 Ngwee per unit for any consumption above the two hundred lifeline units.
He says the fixed monthly charge for domestic customers has however been maintained at 18-Kwacha 23Ngwee.
Mr. Kapata said this in an interview with ZNBC News in Lusaka.
The Minister is right
I just completed my PhD
Thanks
BB2014,2016
It is the way forward in these modern times.
It rubs me the wrong way when people dont quiet follow what this Great Government are trying to achieve.
The system being implement is the Tried, Tested, Tasted and Trusted world wide, and is synonymous with hard working Government houses.
Important they get the support needed for them to execute this momentous idea that has been implemented
75% is not much of a hike anyway
I just completed my PhD
Thanks
BB2014,2016
What has your PhD got to do with anything? If you showed intelligence in your reasoning maybe we would care. Most of my relatives are poor and can not sustain their businesses without hiking prices!
We warned the GRZ but they didn’t listen. Now, they think warning businesses would work. NO! Let’s play this capiltalism game to the very end.
So who should foot the 75% Increase….. The government or business houses, or poor dancing PF cadres???
This minister is dangerously dull
Bwana Minister, With due respect how will Businesses be able to absorb these electricity tariff hikes, given the impact they have on their Gross Margin Percentage in a weak economy if they can’t pass it over?
Are you aware that at basic, even traders have this function at hand: Selling-COGS=GM/GP?
Businesses got to look at their GM%
We have freely advised you on these threads that, these IMF instituted tariff increases have compounding effect more debilitating in the economic pipeline. Kindly consider Juggling resources being lost unabated in public financial leakages every year. That could be critical if injected in to absorb the impact of the lost subsidies. Allowing aggressive tariff increase has propensity of not solving the woes of ZESCO, instead perpetuating the usual poor…
Allowing aggressive tariff increase has risks of not solving the woes of ZESCO. Instead, it will be perpetuating the usual poor management, indiscipline and planning issues at ZESCO. Certainly, Tariffs increase is the easily used but a dangerous option. Time for smart and innovative ways in running these for profit businesses and not aggressive tariff increases. Look at their operations with respect to the wage bill and overheads. Reorganize these institutions with financial engineers embedded to make them profitable. Make them run as businesses and not as fronts of draining the public and National treasury. Way too long public companies have been the cash cow to some people while continuing to be serious liabilities to the public.
As a businessman, I will simply pass the cost to the final consumer.
Either PF00ls are retarded or just plain STUP!D.
All we hear is lungu has warned so & so, lungu has threatened so & so, Lusambo has cautioned so & so. Minister has threatened so & so.
Dictatorship price control economics can’t work. It failed in to work from 1972 to 1991. We were richer than singapore & south korea at independence but today were are in same league as Benin & Mali.
It’s simple economics:
– if you increase electricity fares, the cost is passed on to the consumer.
– If you put toll gates, expect the cost of toll gates to be passed on to the consumer.
– If you increase fuel prices the cost is transferred to the traveler & transporter who then transfers to the consumer.
– Expect the price of mealie-meal to hit K250. Average consumption per family is 4 bags…
Who pays the 75% increment?
I have no PhD!
Cont’d…
– Expect the price of mealie-meal to hit K250. Average consumption per family is 4 bags per month
Your stup1d decisions to increase electricity, fuel, farming inputs in order to get IMF $1.6 Billion for your personal road contracts will kill the already collapsed economy.
mr. Minister, you live in a free house & don’t pay electricity and are cushioned from the stup1d decisions you make for the sake of road contracts. Hear the cries of the people.
If only your father could see the ***** you’d become, he would have worn 3 condoms that night.
What the f.u)K is this kind of thinking, you increase the price of energy and expect production costs to remain the same? Where did these guys go to school, what type of government strategy is this? Only those who went to the same school as Mushota would think the increase in energy would not be reflected in comodity prices. Yesterday I possed the question,
1) what is the measure government is using to show that increase in energy by 75% will result in job increase, are there any forecasted numbers?
2) today, Bwana minister is cautioning business house not to increase prices, really?
Please people, analyze with your brain capacities and not with your “p” and “v”, we respect them.
@general Kanene I’m also surprised by the kind of reasoning coming from this minister. Surely, how do you increase the price of energy and expect the prices of goods and servises to remain the same? Are these guys really serious? When they removed subsidies on fuel they claimed the move was meant to help the poor. Has that been the case? These guys are jokers!
@ 1.3 Mwana Chinondo,
What were you telling the government, that they should not increase the traffic?
Are you not the same people that complain of Zesco service when there is low capacity, leading to load shedding?
Do you expect Zesco management to be magicians wo will generate electricity without resources but mere chanting?
Where do you expect Zesco to get resources to provide the much needed service the public and the industry require?
What will kill the industry, load shedding or raise in tariff?
I tell you if there is efficient supply of power to enable businesses to operste effectively the business will make their profit at be ready to pay the economic tariff we are talking about.
@ Advice
There is only ONE question. Who is going to pay for 75% increase, producer or consumer?
Coming day after hon. mental incompetent jerk has blabbed about 1 million jobs to be created by this increase, answer should be simple even for cadres like you who are sufferers from genetically induced imbecility.
Listening Government for You!
We have not started yet and you have not seen anything yet!
I’ll be playing Dununa Ruve every day and see how long my friends will continue dancing to their favorite tune.
Keep squeezing the people out of the little they are hardly managing on and expect them to move on without an offset by reciprocal means? Zambia is pitifully grappling with finding the right people as it attempts to right the economy. The sad thing too its being done with an authoritarian approach!
@1.14 Advice, we are not say that the gov should not increase the tariff. We are saying that business men and women should be able to pass the cost to the consumer that’s all!
@ @ Advice
You.must understand that there is no consumer without the producer.
So even when you think the consumer pays for the costs, you must realise that standing in the middle of this payment is the effort of the producer.
So, you must realised that ultimately the one who pays corporate tax is actually the consumer.
But there is no corporate tax with the company, and no product without the producer, and therefore no consumer without a product.
If the tax or cost is too high the impact is felt by both the producer and the consumer.
If the consumer has low capacity to buy, the producer has to make more effort to sell, implying more resources are put into selling and marketing. This makes it harder for them to do business
So it is not just a matter of memorizing that…
@1.19 was meant for @1.15 Great News
@ 1mbecile above
At best, incoherent ranting by somebody who does not know difference between plus and minus, at worst, reflection of genetically induced 1mbecility.
Please, stop crapping in public.
Instead of “theoretical” blabb, put your money where is your stup1d mouth is and then tell us who is going to pay for electricity you 1mbecile.
Surely this minister must be a friend of one Mushota. How, can he not be aware that energy is one of the major inputs in production of goods and services. The increase is only but inevitable. Unless, PF wants to close business houses and create a poorer society faster that they think.
You mean Poor Hair Distribution (PHD)?
Government has cautioned Business houses not to use the adjustment in energy tariffs as a justification to hike the prices of essential goods……”
And where are they going to get the money to pay for the increased electricity costs?
This so called “Minister” needs to go back to school. Next he will be asking for a day of prayer and fasting to ask god to put extra money in businesses accounts!
Businesses such as millers, bakers, welders, butchers, water suppliers have no option but to adjust prices for their products. If they do not do that, they will incur losses and close their businesses.
Hehehehehe
PF who should absorb the price hike for bussiness houses??
There you are!
You have leaders who don’t understand the cost implications of electricity tariff hikes. They think 75% is 0.75%. Why did they not increase by 100%? Let’s look at a simple example. You own a bakery and your monthly electricity bill is K10,000. What this increase means is you now need to spend K17,500 per month. If the price of bread was K8 per loaf, the minister expect us to sell bread at the same price? Incredible! KK’s government had ministers with humble educational backgrounds but they were much wiser that the chaps we have today. It’s really sad how blind our leaders of today are and they can’t seem to think outside the box. Zambians should prepare for mass redundancies to the tune of 200,000 per year – the opposite of what Chagwa promised during Labor Day…
I concur with you.Can some bloggers
This so called caution doesn’t make make! You hike the resource input and want to say output should not be affected? Ba minister what are u saying???
And you have the likes of Mushota or whoever she/he is supporting him…
Increased operating costs, will mean this will be passed on to the consumer. This is basic business smh!
Ba Mabumba ifinthu kutekanya mwalamona.
No wonder silence is said to be golden
Just the way zesco proposes to ERB for price hike zambians must also propose to god to increase some intelligence in these politicians.When you hike tariffs the amount will be passed on to the poor people of zambia.
Zambians should prepare to buy bread at K50 per loaf and the Loaf size will get smaller! Let Zambians know that wako ni wako chivote vote does not pay!
The problem with this government is that it lacks people who can think 2 days ahead.
They seem to think after the action is taken.
The 75% is just abnormal considering the current economic situation of zambia.
The useless batch of losers are the “ERB”. They actually too old of them to think.
If you are a young person and found yourself supporting anyone above 50 years, know that u have lost it.
The normal percentage could have been 40%.
The goodness of Zambian people is that they are so divided and as such they can’t question the government.
And few people in government enjoy at the expense of the majority.
They all thieves like HH who still enjoying stolen money from privatization of Zambian mines. I Will never support a thieve. Never!
Can someone give me a heads up. I read somewhere that the increment is for domestic users not commercial users. If its not then there is no point for any business unit to increase commodity prices.
A typical case of “chiwamila galu!” The next four years will be very long indeed!
Listening to Mushota’s blind “fawning” over the PF during this time won’t make it any easier, what Zambia needs now more than ever before is objective discussion, not servility…
You increase electricity by 75% and you warn against price increases if I paid K100 on electric bill as a bakery next month I will pay K175…who do you think is going to pick up that bill?
I wonder if the mines will be paying this as we have not heard any noise from them.
The mines are exempt from this, as they are already locked in with a deal they made atleast for the next 3 years. @ Jay Jay you see how ridiculous this is, as large companies they are not paying their share.
the increase is for domestic consumers ie you and me and the others not commercial and industrial organisations so no increase is commodity prices will be justified
So his saying businesses should now embrace the hike and make loses because that man has said so. I don’t understand. How can a business stay afload when they are making ma lose?who’s this man anyway?
The increase will be pushed to the consumers.The minister should not be naive to think that an increment will not have any effect on the consumers.For instance,those who are renting will be told that rental charges have bee adjusted upwards owing to increase in electrical tariffs.The tenant will be shouldering all the responsibility.Other tenants will be told to have capital rationing of electricity by packing certain electrical appliances.Otherwise,consumers are in for hard times.It is high time solar energy was put in place as a better alternative to electricity.
@ 1.3 Mwana Chinondo,
What were you telling the government, that they should not increase the traffic?
Are you not the same people that complain of Zesco service when there is low capacity, leading to load shedding?
Do you expect Zesco management to be magicians wo will generate electricity without resources but mere chanting?
Where do you expect Zesco to get resources to provide the much needed service the public and the industry require?
What will kill the industry, load shedding or raise in tariff?
I tell you if there is efficient supply of power to enable businesses to operste effectively the business will make their profit at be ready to pay the economic tariff we are talking about.
So what are you saying? That businesses should absorb the hike and not pass on the expense. ??
@ Advice
There is only ONE question. Who is going to pay for 75% increase, producer or consumer?
Coming day after hon. mental incompetent jerk has blabbed about 1 million jobs to be created by this increase, answer should be simple even for cadres like you who are sufferers from genetically induced imbecility.
@ Bad Advice, the starting point is to reduce waste at ZESCO by retrenching all the unqualified cadres who were dubiously employed to cut down on wage costs, next cut GRZ and PF fingers in the ZESCO till. The shortest way out since we have failed to manage ourselves is to privatize ZESCO and the rot of abusing ZESCO resources by the party in power will bring sanity to power issues. ZESCO is too big and should be unbundled as has been suggested on Many occasions! We are tired of ZESCO passing its cost inefficiencies to consumers! Stop that habit also of corrupting employees with what you call “free” units. There is nothing free. Someone is paying and that someone is us consumers! #AbashPF!
How can a minister issue such a foo.lish and stup1d statement? The same govt increased tariffs due to high costs, that’s the same way business houses will increase their prices due to increased electricity cost. It’s so simple!
Some companies have even started laying off workers. Minster don’t think the way you are ok and you think even others are ok. People are suffering mu fi KOMBONI. God bless you minister we shell meet KUMWAMBA there no minister.
Trouble is our ministers speak because they have to be heard saying something. Surely how will business houses absorb this huge increase? Even my illiterate aunt in the village knows that when price of charcoal (which she uses to make ifitubuwa) goes up, she has to increase the price of her ifitubuwa.
ON THIS PLANET THINGS ARE MOVED BY ENERGY. PLAN B” IF YOU PRODUCE VEGETABLE THROUGH IRRIGATION USING ZESCO INCREASE YOUR PRODUCTS BY 75%, IF YOU ARE A LANDSCAPER INCREASE THE PRICE OF YOUR SERVICES BY 75%, IF YOU ARE FARMER ESPECIALLY MAIZE FARMERS INCREASE THE PRICE OF YOUR PRODUCTS BY 75% BECAUSE FERTILIZERS ARE LIKELY TO GO UP BY 75%. IF YOU ARE A MAID INCREASE THE SERVICES BY 75%. ZESCO IS NOT JOCKING. IT WILL NOT SPARE ANY ONE WITH ITS 75% INCREMENT. MILLERS AS USUAL THEY WILL DO THE SAME. INFARCT THEY ARE SMILING KNOWING THEY WILL SWIM IN MONEY NOW.
Wrong analysis all together.
You are assuming that energy is the only cost to the production process.
You have forgotten all other costs such as labour, transport, farm inputs,etc.
Suppose energy adds only 10 percent to the cost, why would you increase the price by 75 percent?
Very wrong way of looking at issues, and wrong commerce.
@ Advice by an 1MBECILE
No body said that prices will go up by 75%, not even that pseudo minister. The issue is based on who shall bear the 75% increase in electricity cost, producer or consumer?
You are really thick as proverbial plank!!!
Guys cover your operational costs and remain competitive and profitable.
We are not using GRZ donations for our small businesses. DO NOT LISTEN TO THIS I@!OT!
Business is business, boma ni boma. NI NDALAMA ZA NYOKA BA MINISTER?
The increase in consumer goods is inevitable
David Mabumba just shut your mouth and no matter how you try to make justifications over tariff increase POOR ZAMBIANS will not conviced at all.PF GOVT is failure what has been your campaign promises…low taxes,more money and employment creation yabupuba bwekabweka kwati muletumfya abekala calo,come 2021 tukamunyankula tekanyeni
@ 16.2 Great News
You.must understand that there is no consumer without the producer.
So even when you think the consumer pays for the costs, you must realise that standing in the middle of this payment is the effort of the producer.
So, you must realised that ultimately the one who pays corporate tax is actually the consumer.
But there is no corporate tax with the company, and no product without the producer, and therefore no consumer without a product.
If the tax or cost is too high the impact is felt by both the producer and the consumer.
If the consumer has low capacity to buy, the producer has to make more effort to sell, implying more resources are put into selling and marketing. This makes it harder for them to do business
So don’t just memorizing that it is…
You reap what you so, don’t complain
How does the minister justify this call
@ 20 NOT ME
Wrong analysis all together.
You are assuming that energy is the only cost to the production process.
You have forgotten all other costs such as labour, transport, farm inputs,etc.
Suppose energy adds only 10 percent to the cost, why would you increase the price by 75 percent?
Very wrong way of looking at issues, and wrong commerce.
Electricity is the common denominator in all those things or is used in all those one way or another.
For the first time I have strongly agree with Senior Citizen. Your contribution is mature and no political affiliation exhibited. The government is now the sheriff of Nottinghamshire robbing from the poor and giving to the rich and the most powerful. If this clueless minister can open up the mouth and claim the current PF leadership is pro – poor then they must act like Robin Wood or Zola who used to steal from the rich and giving to the poor. Aminister gets free food, free talk time, free fuel, free rent and other incentives. Therefore, how does he know the cost of living, production, or how it feels to have your salary stagnant whilst the standard of living is sky rocketing with inflation on going. It’s only a dumb minister can shamlessly say this
The Lungu govt does not understand basic Economics. A 75% Electricity price increase means the cost of production will go up and that increase will be passed on to the consumer. The 75% increase in tariffs must lead to cost push inflation or ripple effects. People go into business to make money and not losses so the effect of the increase will be passed on to consumers. The govt should acknowledge the effect of these price increases across the Board.
For real this is a constipated statement from the minister. What logic is there to caution innocent business houses when the cost is being passed on from Zesco to them? Why couldn’t Zesco absorb the increment instead? Is 75% increment in line with our inflation?
WWHat a stoopid government! Everyone knows production costs are always passed on to the customers. Energy is one basic ingredient of production
Ba Mabumba go to sleep prices will definetly go up. You have increased you want them to make, very soon trade unions will start demanding salary hikes like it or not. Just wait unless you intend to lock them up they will increase prices. Mark my words.
Kekekeke…uwi! These Pf *****s have no limit eeeish! Let’s ask the twat from Glasgow with an imaginary PhD BJs to break this down for everyone!
ITS NEVER TOO LATE THE MINISTER CAN MODERATE THE INCREAMENT AND ALLOW ZESCO TO IMPLEMENT CLEARLY THERE IS NO ASSESSMENT OF THE IMPACT
THE MINISTER WILL NEED TO SEE ALSO THAT INCOME LEVELS HAVE NOT GROWN WITH THE TARIFF INCREAMENT AND ZESCO HAS PLAYED IN THE HANDS OF INVESTORS AND HAS NOW NO FLEXIBILITY AS THE INCREAMENT OF THE PRICE HAS REACHED A CEILING AND NOT IN LINE WITH THE GROWTH IN INCOMES WITH THE DEBT LEVELS ALSO REACHING ITS CLIMAX IT MEANS ONE THING -RESTRUCTURING EITHER THROUGH PRIVATE OR SAME GRZ
POLICY CONSTISTENCY IS MORE THAN THE PRICE THAT IS NEEDED IN OUR RICH SECTOR
YOU STILL HAVE CHANCE YOU SAIL SHIP AND GRADUALLY INCREAMENT AND…
REDUCE THE SUBSIDIES SUBSIDIES ESPECIALLY ON HOUSEHOLDS IN ENERGY SECTORS ARE EVERYWHERE
YOU CANNOT SIMPLY INCREASE BY 75% IN A SINGLE YEAR YOU ARE HURTING YOURSELVES THERE IS STILL TIME TO REBALANCE AND AVOID FALLING INTO THE RESTRUCTURING TRAP AS THE PRICES HAVE REACHED THE CAP AND COSTS STILL PERCEIVED NOT REFLECTIVE
Kikikikikikikikiki Koma Ba PF Zoona. Kikikikikiki this is real madness. Ati Minister. Kikikikiki Ummmmmm PF haaaaa!!!!
ITS ALSO OVERLY AMBITIOUS TO ASSURE PEOPLE THAT WITH THE 75% INCREAMENT ZAMBIA WILL SEE MORE ENERGY INVESTORS AND ZESCO WILL IMPLEMENT MANY OF ITS MEGA PROJECTS ITS ONLY POSSIBLE IF YOU PRIOTISE AND GROW THE CUSTOMER REAL REVENUES THAT SUPPORTS THE COMPANY ALLROUND
YOU STILL HAVE TIME TO FIT THE CAPEX IN THE GROWTH PROJECTIONS AND FIND ALTERNATIVE SOURCES AS YOU PLUG OUT THE REVENUES
YOU HAVE CLEARLY MADE ZESCO WEAKER ON ITS REVENUES POTENTIAL THAN BEFORE AND CONSEQUENTLY RESTRUCTURING IS THE NEXT AS PRICE INCREAMENTS AND VOLUMES OF KWH MAY NOT GROW EXPONETIALLY TO COVER THOSE COSTS AND COSTS OVERRUNS THAT ARE STILL ABOVE LCOE GIVEN THE…
IN CAPITAL SCARCITY THE BEST COMPANIES USE A CLEAR CAPITAL ALLOCATION STRARTERY TO BUILD WINNING PORTOFOLIOS THAT CAN TURNARROUND THE COMPANY AND GIVE A STEADY REVENUES THAT TRANSLATES IN CASHFLOWS OVER THE LONGTERM
NOW WHEN YOU SEE THE ZESCO BUSINESS PLAN OVER 10 YEAR PERIOD ITS A MISMATCH WITH ITS BUILD CAPACITY YOU CAN ACHIEVE SOME BASE LOADS FOR PURPOSES OF LIGHTING BATTERY CHARGING HEATING AND OTHERS LIKE STUDY MUCH MORE COST EFECTIVE AND BETTER THAN THE CURRENT PORTIFOLIOS GIVE THE CURRENT FISCAL POSITIONS //
PRICES OF COMMODITIES AND ENERGY HAVE OFTEN BEEN USED TO REMOVE UNSIT GOVERNMENTS AND THE MINISTER HAS PLAYED INTO THE TRICKY HE CANNOT SAY ITS NOT POLITICS I END HERE ///
PRICES AND INFLATION ARE OFTEN ALSO DRIVEN BY CPI ,MANUFACTURERS PRICES AND ALSO THE LEVELS OF EMPLOYMENT/UEMPLOYMENT THE PRICES INCLUDES FOOD AND OTHER BASICS HUMAN NEEDS AND ENERGY PRICES IS AS PART OF THAT COMPOSITE LETS ADJUST TO ENSURE GRADUAL INCREAMENTS AND AVOID DISRUPTIONS
this guys now are preparing money for 2021 campaign. the question is why is it that a party has no money before in power and suddenly more money after wining. mmd is immediately no money after losing. zesco has for many years selling power why is it never invested does it mean all money goes to salaries not at all. increasing taliff is for whose benefit what a lie
Everyone with basic knowledge in economics will oppose the Minister’s sentiments against the Business not to increase the prices of their commodities. Knowing that the production cost of goods will shoot up, every Jimmy and Jack should expect the business houses to increase the prices, unless our able minister is telling them to operate at a loss at the expense of making ZESCO viable. We all knew and raised our concern even before a pen was put to paper that increasing tariffs will have a ripple effect on cost of goods.
imagine someone whose production cost has gone up meaning the profit magine has gone down, the only option for that businessman is either to increase price of goods or reduce workforce in that productivity will also go done.
We all know what to expect after 15th May,…
production cost from where? read the article bro and see who is going to be affected; its those who run businesses from home, not amakampani….
we are in court and watching this 6 time presidential loser I see why the zedians cannot vote for him and insulting mouth cannot rule a people he will be insulting at every turn just as mutinta knows him for being foul mouthed the matter will now be committed to a higher court so he has another one year as his matter is heard then gbm will be back with a fixed knee
Is HH in court challenging the 75% increase? If not, I don’t care. I just want a leader who will make life better for all Zambians. Tribal politics won’t feed me!
Is HH in court challenging the 75% increase? If not, I don’t care. I just want a leader who will make life better for all Zambians. Tribal politics won’t feed me!
WORLD ISSUES
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To be fair, it is necessary to charge every category an appropriate charge. This implies treating mining companies equitably. This means treating shop owners equitably. This means treating manufactures equitably. This means treating households equitably. This means treating households in distress (extreme poverty) equitably. This means treating religious groups equitably. This means treating NGOs equitably. This means treating professionals practitioners equitably. The jix is that, first you pay and then you apply for reimbursement. In the first you pay system, the revenue available to the treasury is maximal and just.
In a country where pensioners have to wait for more than 10 years for their money, yet minister get their bonuses in time?
IMBWEMBWE, It’s only the mines which are exempted from the new electricity tariffs, meaning other companies will be affected ……. i followed this issue from the moment it started. The mines have their own special tariff which ZESCO follow, unless you are saying even the other business houses are also under the same tariff program as the mines.
IMBWEMBWE………………..
I quote thursday’s story from the Times of Zambia as below:
By JAMES KUNDA
THE Energy Regulation Board (ERB)
has approved the proposed 75 per cent
electricity tariff hike for retail customers
by Zesco Limited.
The revised 2017/2018 tariff adjustment would
be effected in two phases, with an initial 50 per
cent taking effect on Monday next week and the
remaining 25 percent on September 1, this year.
Zesco tariffs up 75 p.c.!
ERB acting board
chairperson Francis Yamba
told a Press briefing in
Lusaka yesterday that the
adjustment would apply
across all consumer
categories, excluding the
mines with which Zesco was
still in consultation over the
So IMBWEMBWE, don’t just think production is only married to the mines, even other sectors such as water utility companies are in production of clean water, think in broader terms my bro or sis. Production is a diverse word which applies to many things which we are busy enjoying as end products …..let me not pre-empty my knowledge just to teach you the basics about production.
Some people are very dull. Even those in government are in that bracket. How does someone with all the senses say prices must not be increased? It is a little more on the stupid side I must say.
Why cautioning the people for adjusting their prices? Do you want their businesses to go burst? Get some free advice from some of our intelligent LT bloggers, forget about Mushota she is irrelevant.
DR MUSHOTA is right, 75% is not much anyway after all a unit price is still in ngwees it would be much of a problem if a unit price was say 100kwacha
Don’t be surprised when you see your government mistreating the poor people, we are just confirming what is written in Ecclesiastes. wrong people will be in high offices than those whom you think can perform.