Us Offers Zambia K39bn Aid Deal

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Us Offers Zambia K39bn Aid Deal DAILYDAILY www.dailynation.info [email protected] NATIONNATIONPURSUING JUSTICE AND EQUITY WITH INTEGRITY [email protected] Price K10 Vol. 4. Issue 1917 Saturday March 10, 2018 OIL 2020 FIRM October 15, . dailynation.info/online INTEGRITY E-paper Mr. Sampa Mr. Mucheleka Convicted NDC leader Chishimba RAIDEDKambwili is directed to board the Kasalanga Truck enroute ...in anotherto Prisonmukula yesterday. scam - Picture by Salim Dawood gmail.com Kasama Price K10 Thursday MP warns : dailynationadverts@ KAMBWILI’S UPND chief Advertise …apologise or else, FAMILY WEEPSMucheleka told [Page 4] .… After he is jailed for forgery By CHARLES MUSONDA be knocked out of the presidential race, ladies were throwing themselves on the either as president, running mate or indeed ground while others screamed in disbelief. THERE was wailing and speaking in member of parliament for five (5) years. After the case was adjourned, some of tongues as women threw themselves on A melee of mourning ensued outside Kambwili’s children and relatives wept while the ground after Chishimba Kambwimba courtroom number 3 after Deputy High others encouraged him to remain strong as was yesterday sentenced to two years Court Registrar David Simusamba, who sat he was driven away in a police prison truck imprisonment with hard labour for forgery as Principal Resident Magistrate convicted commonly referred to as Kasalanga Vol. 6. Issue 2737 Kambwili and gave him a one year jail term PURSUING JUSTICE AND EQUITY JUSTICE WITH PURSUING DAILY and uttering false documents. If this sentence stands, Kambwili would with hard labour of the two accounts. Some (To page 3) The two trucks the Scania from South Africa and the Freightliner (right), Zimbabwean registered where found laden with Mukula Kenyatta and Odinga STORY ON PAGE 3 HHtree logs. [Pictures Linda SUED Tembo Soko] OVER LAND See story on Page 4 pledge to heal divisions Saturnia survivors UPNDSee story cadres on Page 19 assault, hack in court today CommonwealthCommonwealth (P.2) Mpika villagers C3765-30-31 IMFIMF talkstalks sidelinessidelines ZCIDZCIDSTORY ONonon PAGE 2 US OFFERS Mr. Lusambo dialoguedialogue prepspreps Demolish structures onon againagain ZAMBIASee story on Page 4 contributing to • Mwanakatwe reveals ConCourtConCourt mustmustK39BN explainexplain ChilangaChilanga vacancyvacancy -- YALIYALI P.4 floods - Lusambo talks set for April AIDSee story DEAL on Page 2 See story on Page 3 STORY ON PAGE 3 THE PEOPLE’S PAPER; BUILDING THE NATION WITH REAL ISSUES Thursday 2 HOME NEWS October 15, 2020 DAILY SATURNIA SURVIVORS IN COURT TODAY Hearing date for pound interest was due to tribution from ZSIC : I enter ‘undervalued’ KCM set By NATION REPORTER them and awarded the cost to DISPUTE judgement in the plaintiff’s THE surviving 130 of 236 the employees. favour and order the whole By GRACE CHAILE- Mumba’s application did not Saturnia Fund pensioners, Saturnia appealed to the matter be treated on the ba- LESOETSA satisfy Order 53 of the High Supreme Court. sis of the rules that applied to from BP are back in court to- The dispute in the BP Zam- court rules as it was filed day, 18 years after their claim Saturnia is run by com- bia Staff Final Salary pen- each one of them at the time THE Lusaka High Court has without the requisite skeleton was commenced. panies owned by among oth- sion scheme arose when of separation. I further order set November 19, this year arguments and thus offended Over the years the argu- ers UPND president Hakain- the company transferred that any redundancy pack- for hearing an application the courts' rules. ment has been the cour de Hichilema and former the management of the fund ages refunded to the de- fen- by ZCCM-IH to dismiss the Mr Mumba launched a de- award of K26 million which Zambia Privatisation agency from Zambia State Insur- dant must be paid back to matter in which a minority rivative action stating that Saturnia has disputed claim- Valentine Chitalu. ance Corporation in January those of the plaintiffs affected shareholder wants to chal- Vedanta Resources Plc should The Supreme Court of with penal interest as award- ing that the pension- ers are 1995 to the Saturnia Regna lenge the alleged fraudulent have paid US $2.909 billion Zambia upheld the judg- Pension Trust Fund which ed herein,” only entitled to K1.2 million. sale of KCM to Vedanta Re- instead of US$25 million ment in February 2014 and was at the time managed The dispute in the BP Zam- Meanwhile, 106 of their sources Plc. which led to financial prob- colleagues have died with- the matter went to assess- by Anglo American (Central bia Staff Final Salary pension ment in 2015 during which Africa) Limited Financial scheme arose when the com- In its application, ZCCM-IH lems at KCM. out being paid although 10 want the court to dismiss the Mr Mumba stated that ZC- years ago in 2010 Judge Greg- the Pension Fund Admin- Services Division. pany transferred the man- matter on grounds that the CM-IH was a shareholder in ory Phiri ruled in their favour, is- trators, Benefits Consult- agement of the fund from noting in his judgment that, ing Services Limited joined Zambia State Insur- ance minority shareholder, Dennis KCM and as such he is autho- “I find that the plaintiffs were the defence on behalf of the a referee. The second assess- Corporation in January 1995 Mumba, was not eligible to rised to bring the derivative treated badly from the date of company and testified that ment hearing commenced in to the Saturnia Regna Pen- commence such an action. action on behalf of the re- sepa- ration. Their enti- tle- the plaintiffs were only enti- June 2019 but was truncat- sion Trust Fund which was at The holding firm contend- spondent (ZCCM-IH) against ments were not calculated tled to K1.2 million but the ed in unclear circumstances the time managed by Anglo ed that Mr Mumba’s notice of Vedanta and others. and paid in accordance with court ruled that the former without any notice to the liti- American (Central Africa) motion was irregularity on the He cited Zambia Copper the rules.” employees were entitled to gants in June this year (2020). Limited Financial Services grounds that it does not prop- Investments Limited (ZCL), He ordered that pension K26.0 million. However a notice has now Division. erly describe the respondent Vedanta Resources plc, Mil- contributions from both The company once again been issued indicat- ing , the At the time of transfer, the (ZCCM-IH). ingo Lungu as provisional liq- the employee and employer appealed against the assess- matter has been set for hear- employees were promised Further that the affidavit in uidator of KCM and KCM ( in should be rendered to each ment judgment in April 2016 ing before Judge A.M.Chulu better benefits with those support of the summons did liquidation) as defendants in employee and that the value and the Supreme Court of on October 15, 2020. who had clocked ten years not fulfil the requirements of the matter. realized should bear a penal Zambia in its second ruling Judge Phiri ruled in 2010, and above allowed to collect the authentication of docu- He stated that KCM loss of interest based on the cur- on the matter on December “In particular I find that each both employee and employ- ments Act chapter 75 of the US$2.884 billion marked the rent average bank lending 18, 2018 ordered that it goes of the plaintiffs was entitled er contributions even if they laws of Zambia genesis of the mine’s financial rate. back to a second assessment to be paid under rule 11(ii) left the company before the ZCCM-IH stated that Mr problems. He also ordered that com- under a qualified Actuary as after the transfer of their con- legal retirement age. Veep says UPND cadres assault, hack Mpika villagers Kasama where they had gone to have gotten away with Munuga area under Luvushi- By PETER SICHALI Scott, Chief to offer solidarity to party slaughtered goats , cooking oil manda district. UPND leader Hakainde Hich- Deputy Secretary General Pat- among others items. Mr Njase said police are rick Mucheleka. Meanwhile, Muchinga Po- compiling a docket and will ilema's security have attacked The UPND cadres in full of lice Commissioner Joel Njase ensure that all those involved Nkula doing and injured people for flush- Mr Hichilema attacked farm- has confirmed that individuals are made to answer to law. ing a PF symbol at his entou- ers and innocent people who in Mr Hakainde Hichilema's "It's sad that a person aspir- rage in Lavushimanda Dis- were collecting farming inputs entourage, who were coming ing to be a national leader can well in UTH trict of Muchinga Province. and injured an Agriculture of- from Kasama heading in the allow innocent persons to be Mr Hichilema and his en- ficer on his way to Mpika. southern direction seriously injured before his own eyes," tourage were coming from The UPND cadres are said assaulted some residents in Mr Njase said. By OLIVER SAMBOKO ORMER vice president Guy Scott who has been Govt employs ‘Probe Intercontinental undervaluing separately’ Fadmitted at the Univer- sity Teaching hospital (UTH) By AARON CHIYANZO and he said. Sitwala said. in Lusaka is doing well, Re- 2, 500 health ANDREW MUKOMA Mr Bwalya said the failure And former HCTAWUZ publican Vice President In- by UPND president, Hakain- Southern Province senior onge Wina said yesterday. ANSWERS must be provided de Hichilema, who was organising Secretary, Martin Ms Wina yesterday visited workers why Intercontinental Hotel chairman of the privatization Mwaangala, said the pri- Dr Scott and senior Chief in Livingstone worth over to declare interest during the vatisation of the Rainbow Nkula ( Maxwell Mucheleka By JOHN KOMBE US$ 26 million was sold for sale Intercontinental Hotel, Lodge, Mosi-oa-tunya Inter- Kafula ) of Chinsali who are US$6 million, A PF official must be looked at critically.
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