Kambwili Story Page 5 Banks Are Denying Zambians Business Opportunities – Dora by John Chola a Chance to Access Capital

No308 K10 www.diggers.news Thursday November 15, 2018 WYNTER EYEING PF PRESIDENCY ...his Rainbow has failed because he’s the most hated, pompous politician - Kambwili Story page 5 Banks are denying Zambians business opportunities – Dora By John Chola a chance to access capital. Chief Government And Siliya says there Spokesperson Dora Siliya is an illusion that land says commercial banks in is finishing in Zambia the country are denying because some people ordinary Zambians have never flown over business opportunities to the country to see the advance and develop the vast swathes of land still country by not giving them available. To page 2 Complaining against Chinese influence isn’t Acting Auditor General Sally Rose (l) confers with Accountant General Dr Dick Chellah Sichemba during xenophobia – Dr Sacika hearing at the parliamentary Public Accounts Committee yesterday - Picture by Tenson Mkhala By Abraham Kalito Former Secretary to the Cabinet Dr Sketchley Sacika says UPND leader Hakainde Hichilema’s complaints against Chinese influence in Zambia implies he is patriotic towards RB says he’s too busy for Mutati’s MMD events the country rather than inciting xenophobic attacks. By Sipilisiwe Ncube Felix Mutati’s MMD card Chibeza Mfuni, RB’s platforms purporting And Sacika says Foreign Affairs Minister Joe Malanji The Office of the fouth renewal exercise slated for schedule is too tight to that the former President acted against the Republican Constitution by instructing Republican President Saturday. accommodate Mutati’s will be attending a card Chongwe District Council to give land to Chinese Rupiah Banda says it is According to a statement programme. renewal event that has nationals as a burial site and that the local authority not true that the former issued by Banda’s deputy “The Office of the Fourth been organized by the should, therefore, not comply. To page 3 Head of State will attend administrative assistant Republican President, His Movement for Multiparty Excellency Mr. Rupiah Democracy (MMD) party, Bwezani Banda, has learnt on the 17th of November,” with dismay of news read the statement in part. Opposition MPs roast Rev Sumaili items on various media To page 3 Story page 11 2. Local News www.diggers.news Thursday November 15, 2018 By Abraham Kalito really show us where The Zambia Association the challenges are, if of Chamber of Commerce ZRA (Zambia Revenue and Industry (ZACCI) has Sales Tax will lead to job Authority) can explain, warned that the proposed we think VAT is so much Sales Tax, coupled with better. It’s just an issue of delayed payments of Value how you manage the VAT. Added Tax (VAT) refunds, Where do you put the will force companies to losses, warns ZACCI money? If you put money lay-off workers in a bid to number of people because ones, will fail to operate. it on to you who is going is an icon in terms of from VAT in Control remain viable. of the introduction of Sales And, unfortunately, when to consume my goods. manging VAT in the (Account) 99, then it’s a In an interview, ZACCI Tax, that is more reactive. it comes to that, the So, I don’t have to factor region!” problem because it can president Michael Government, however, victims are employees; it in my business. Now, Nyirenda added that be used for other things. Nyirenda said that the still needs to pay for those we might see companies for Sales Tax, you will ZACCI still did not It’s not a secret, but if you introduction of the Sales they owe, and they don’t laying off workers,”add it to your costs. So, understand why put in a VAT Refunds Tax next April will lead to seem to be committed Nyirenda said. if you want to add my government insists on Account, then it will not companies in the private to that. So, [they] still “The point is this: for us, tomatoes, then you must re-introducing Sales be used for anything sector restructuring and need to find that money from a business sector, the add whatever figure to Tax, and wondered what else, but refunds, because laying off workers in a bid and pay because it’s due. tax called VAT is actually the price of tomatoes so went wrong with VAT for people pay in and you to remain economically They cannot run away better than the tax called meaning that the price the whole system to be must also pay out. When viable and profitable. from that, but, of course, Sales Tax. The reason is increases. Now talking scrapped. it started, I used to receive “…That’s number one. So, the more they delay, the that VAT is claimable; about VAT Refunds, that’s “But I was also saying that cheques from the post when you come to people, reaction is that small-scale it’s not an added cost to a management issue. for us from a business office from ZRA. Now downsizing, reducing the companies, even bigger business; it means I pass Believe you me, Zambia sector, unless they can what has happened? I am a living example; I would come to the post office for my claims. But also, they will send you their Banks are denying Zambians claims in terms [of] where you need to pay. And that was very beautiful when it started so where have we gone wrong? They need to show us where business opportunities - Dora things went wrong. But By John Chola may amount to nothing filled by Zambians. But other Zambian so that still available. also, one thing we note Chief Government if Zambians do not that won’t happen unless they can also be part “As part of is because all the money Spokesperson Dora Siliya participate in tapping the financial sector gets of this investment decentralisation, we have is being put in Control says commercial banks in the huge investment on board. So, the message potential. Let’s change to develop this country (Account) 99, then it’s the country are denying potentials. from government to our story; being rich so that it’s not only used for other things and ordinary Zambians Northern Province is banks and all in the in Zambia should not Lusaka Province, which not VAT refunds and it business opportunities gearing up to host an financial sector is: ‘let’s only be associated with should be talking about has been difficult for them to advance and develop unprecedented Tourism work together to truly corruption, but with the wonders of Lusaka. to separate that money,” the country by not giving and Investment Expo, tell our story by ensuring hard work and good Each one of us should be explained Nyirenda. them a chance to access which commences next that we all do our part’.” business. The peopleable to live in any part of Government is set to capital. Tuesday, under the theme: Siliya also reiterated that deny Zambians this country because the re-introduce Sales Tax And Siliya says there “unlocking investment that the potential of business opportunities infrastructure is there. as proposed in the 2019 is an illusion that land opportunities, 100 years Northern, Central and are Zambians in these The reason we have national budget from April is finishing in Zambia after the end of the First Luapula provinces, as banks,” she argued. this illusion that land 1 next year, despite stiff because some people World War.” discovered through And Siliya, who is is finishing in Zambia, resistance from a broad have never flown over “After these Expos, we Expos, depended on the also Information and in Lusaka, Copperbelt, range of stakeholders, the country to see the don’t want to hear that availability of financial Broadcasting Minister, Livingstone, could be in a bid to avoid paying vast swathes of land still it’s only investors from resources to be fully- said there is an illusion because some people VAT refunds, especially available. foreign countries who tapped. that land is finishing in have never had the to mining companies, Speaking during the have invested. We want “We want you, the Zambia because some opportunity to fly over who are still owed around launch of 2018 Northern to hear that ‘Mulenga’ banks, to take a chance people have never flown Zambia and see how vast US $600 million, a Province Tourism and will be the owner of a big on ‘Haamambo,’ ‘Banda,’ over the country to see the country is,” said Siliya situation that has strained Investment Expo hosted Protea Hotel in Kasama; ‘Mulenga’ and every the vast swathes of land – SUMA SYSTEMS. government coffers. by the Lusaka Chamber of that should be the end Commerce and Industry result. We want to hear in Lusaka, Siliya observed that ‘Banda’ left Eastern that commercial banks Province and is the were denying Zambians owner of a big harbour business opportunities to in Mweru wa Ntipa in help develop the country Luapula Province. But by not giving ordinary this is not going to happen citizens a chance to unless the financial access capital. sector recognises that She argued that financial they cannot be following institutions were only behind, but have to take fond of using government a chance on Zambians. funds to make more Banks, please, don’t money and reap profits, just make money using but are not involving government money, ordinary Zambians make money because to enhance financialyou are giving a chance inclusion. on Zambians,” Siliya Siliya also expressed appealed. concern that despite “We are welcoming the aggressive efforts foreign investors; yes, being made at various that’s good, but we also provincial levels to stage must ensure that the the tourism expos, they space for Zambians is Ndola PF youths protest against ‘xenophobia’ yesterday Thursday November 15, 2018 www.diggers.news Local News .3 By Abraham Kalito manage their own affairs Former Secretary to the and why they are now Cabinet Dr Sketchley Complaining against Chinese prepared to give their Sacika says UPND leader economic assets away to Hakainde Hichilema’s foreigners, including the complaints against Chinese,” he added.

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