Felix Mutati at the launch of the card renewal for Lusaka Province
Felix Mutati at the launch of the card renewal for Lusaka Province

By David Phiri

The Opposition Movement for Multiparty Democracy (MMD) has challenged its Alliance Partner the Patriotic Front (PF) to prove if the alliance is still workable.

Speaking in an interview, Mr. Tobias Kafumukache who is the Party’s Chairman for Energy in a statement marking the 29th year anniversary of the Garden Motel Meeting which led to the launch of the MMD said the MMD has transformed Zambia.

“Today in 1990, brave Zambians from all walks of life met under difficult conditions at Garden House Motel to chart the way forward for our Nation. These men and women stood up against the mismanagement of the Nation by the One Party State of Unip. This meeting led to the launch of the MMD, which fought and nail for the reintroduction of Democracy. In the elections after the reintroduction of Democracy in 1991, the MMD emerged victorious and had been in power for 20 years up to 2011. These 20 years saw Zambia emerge from a poor country to a middle status country. The MMD has transformed Zambia in what it is today”, Mr. Kafumukache said.

Mr. Kafumukache further said the Ruling Patriotic Front (PF) went into an alliance with his Party because of the good track record of the MMD.

“After 5 years of being in the Opposition, the ruling Patriotic Front (PF) approached Us in 2016 to form an election pact or alliance. We strongly believed that they approached us because of our strength in numbers and the good policies and track record that we had when we were in power. This alliance was a success and it led to re-election of the Republican President Mr Edgar Lungu and the Patriotic Front (PF)”, Mr. Kafumukache said.

Mr. Kafumukache however said that the MMD hasn’t benefited anything from the alliance and the alliance has in fact weakened the MMD.

“In an ideal alliance or pact, each partner is supposed to be given get or be given some positions of governance after an electrol victory. However that has not been the case in the PF-MMD alliance. We as the MMD have not benefitted anything from this alliance. We have not been given any positions in government from Cabinet, District Commissioners and foreign Service. Infact, We as the MMD have lost from this alliance. Since 2016, We have not participated in any by-election because of this election alliance. This has totally weakened our Party. We urge the Patriotic Front (PF) to look into this issue immediately because we have 18 months to the 2021 General election. And if nothing changes, We would be forced to reconsider out position in 2021”, Mr. Kafumukache said
Attachments area

[Read 1,245 times, 1 reads today]

14 COMMENTS

    • Entropy; gradual decline into disorder. MMD time is up. How ironic that their symbol was Pa Nkoloko. Empires come and go, let it go.

      2

      1
    • Sanlam Life Insurance Zambia Limited

      Sanlam Life Insurance is resorting to Transfer Pricing and has substantial challenges that is leaving policyholders exposed to unqualifiable huge potential tax and policyholders liabilities. Sanlam Life has common shareholders with Saturnia Regina and is resorting to similar practices of shortchanging policyholders, non-compliance with tax and solvency/compliance laws as has been the case with Saturnia Regina for years.

      1. It declared a dividend of K40 million in 2017 while it had revenue reserve of K32 million. Basically it means it had diluted its shareholders funds and exposed policyholders to the risk of dealing with an Insolvent company. In addition to paying K40 million dividend out of expected profit, it paid another K15 million dividend…

      3

      0
    • Sanlam Life Insurance ……….
      2. The fear of Sanlam’s solvency and capital requirements came true after 2018 accounts were released. Sanlam has shareholders’ funds of ZMW4,168,281 as against minimum capital requirement of ZMW12,000,000. An urgent action is needed by the Pensions and Insurance Authority, including a review with Zambia Revenue Authority on Transfer Pricing, Tax obligations/liabilities (refer to point 3 hereunder)
      3. Sanlam is not providing for and paying tax on Health Insurance. Health insurance is not a life insurance product, it is not dependent upon any mortality factor. It has, in fact, nothing to do with insurance, whether life or non-life. In last two years alone it has earned medical income of K136 million and there will be considerable profit on this business…

      2

      0
    • Sanlam Life Insurance Zambia Limited ….

      Tax not paid will run into millions of Kwacha. In 2018 it earned an additional ZMW97,263,602.
      4. The company has been externalising every year millions of Kwacha as reinsurance premium only on group life and credit life business, the most profitable segment of life insurance business. It is transfer pricing and ZRA shall move in to charge penalties of K24,000,000 for every year of non-reporting and tax evasion methodology used by Muna Hantuba and his partner in crime in Saturnia Regina and Sanlam Life Mr. Hakainde. During last three years alone Sanlam has transferred K259 million to its holding company in South Africa against which claim worth K28 million only have been recovered. It is a daytime robbery. If low margin individual life and…

      2

      0
    • Sanlam Life continued..
      If low margin individual life and health insurance (till 2017, in 2018 even that has been transferred to an associate company Saham Re (MCI Care) is 100% kept within Zambia why Group Life and Credit Life is being externalised year-in-year-out? Why, if by any imagination it has to be reinsured, it is not been done with local reinsurers? ZRA shall move in and establish tax evasion liability that will run into hundreds of millions of Kwacha for these nefarious Ponzi scheme infestors. Claim recovery on Reinsured business of Credit and Group life is under 11%. Those infestors would have earned more than 15% on cash transferred to them and after paying 11% as claims are smiling at the stupidity of the PIA not to move in and engage ZRA to stop this rot. Sanlam has no…

      2

      0
    • ….Sanlam has no stake in business. It has reaped thousand times of its meagre investment which itself as on December 31, 2018 stand at meagre ZMW4 million, not even meeting minimum capital requirement.
      5. The company in the year 2017 has retrenched 481 of its employees and converted them into casual workers. Retrenchment exercise continued in the year 2018 and it fired another 9 workers
      6. It has not been showing investment income on deposit component of savings linked insurance products and thereby depriving the policyholders 100% transparent credit of investment growth to their savings component of premium. Its financial statements do not meet international accounting standards on separation of premium and saving component, maintaining of separate funds and accounts for different…

      2

      0
    • Sanlam Life Insurance ..continued
      ..separate funds and accounts for different classes of business and actuarial valuations reflecting solvency of each fund as each fund has different maturity horizon and assets shall match liabilities with solvency accordingly
      7. Sanlam has been lending money in contravention of Banking and Financial Services Act. In addition to engaging in lending business, it is lending to companies owned by Hakainde and Muna Hantuba. Why BOZ is not disciplining these robbers for risking policyholders’ money to further their economic and political interests? Money lent to Izwe, Bayport and A Plus. Nothing is expected of the useless PIA but BOZ and ZRA shall at least move in and recover all taxes before the company goes down. Why insurance brokers and other insurance…

      2

      0
    • Sanlam Life Insurance …continued…

      Boz and ZRA shall at least move in and recover all taxes before the company goes down. Why insurance brokers and other insurance companies not blowing whistle to life the corporate veil and recover every ngwee that Hakainde and Muna have externalised, leaving company insolvent as at December 31, 2018

      3

      0
  1. Tobias Kafumukache: “We urge the Patriotic Front (PF) to look into this issue immediately because we have 18 months to the 2021 General election”.
    Tobias that is your decision as MMD and PF’s. Either you are a trib.al or you are a fyool.

    0

    0
  2. Kafumukache,open your eyes.There is no Party alliance , but individual alliance.Mutati,RB, and now Nakachinda have benefited.RB was aquited and given K5b, Mutati appointed Finance Minister, and Nakachinda nominated as MP.
    Your so-called president and others only care for themselves.

    4

    0
  3. Tobias Kafumukache: “We urge the Patriotic Front (PF) to look into this issue immediately because we have 18 months to the 2021 General election”.
    Tobias that is your decision as MMD and NOT PF’s. Either you are a trib.al or you are a fyool.

    And ignore this #4 Sir Nyambe, he is a trib.al obviously, spewing ignorant comments or fake news found only among trib.als.

    0

    1
  4. Zambia Reports
    2014 MISA Award Winner

    Home
    Headlines
    Politics
    Opinion
    Economy
    Sport
    About
    Contact

    Home Politics Lungu Threatens Underperforming Ministers with Dismissal

    Politics
    Lungu Threatens Underperforming Ministers with Dismissal
    Chris Phiri | July 19, 2019

    | 48

    President Edgar Lungu has warned that he will fire ministers who will not improve in their performance.

    Announcing Cabinet reshuffles that have seen the dismissal Sports Minister Moses Mawere, President Lungu said he wanted to rejuvenate the performance of his ministers because overstaying in one position could affect their performance.

    In a statement issued by Special Assistant to the President for Press and Public Relations Isaac Chipampe, President…

    0

    1

Comments are closed.