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/ 25 February 2008

Floods derail growth

As Southern Africa braces for cyclones and more heavy rains, economic analysts warn that the floods already engulfing the region are likely to impact badly on inflation and other fundamental economic indicators. "Naturally, the floods will have an effect," says Oliver Saasa, a consultant economics professor at the University of Zambia.

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/ 5 January 2007

Shoprite in a Zambian limbo

The pending take-over of Zambian branches of South African supermarket chain store Shoprite by Brait Private Equity may take longer than planned following the start of court proceedings against the company. Brait Private Equity, another South African investor, bought Shoprite stores at a cost of R13,2-billion late last year.

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/ 16 October 2006

Mining companies must pay

Zambia’s mining companies, which have, until now, been treated to several tax rebates, may no longer have it so easy after the government’s upcoming review of agreements and plans to raise the mineral royalty tax from the current 0,6% to about 2,5%. Finance Minister Ng’andu Magande, who is also chair of the committee reviewing development agreements for mining firms, said: "The main point is that as the prices of copper and other metals continue to boom on the world market."