Daily Nation Newspaper

Capitalise on digital platforms, banks told

- By BUUMBA CHIMBULU

of in industrial Lusaka

zone

Facility

low

Zone your heath, take care of your other which money”. minimum participat­ion

area

He said Standard Chartered of

be

Bank actively participat­ed in some next the national activities to drive prohibitiv­e. financial literacy awareness. of

“Financial literacy is like in

Developmen­t any other type of education. zone

Manager, low nominal value, the direct con- It is not an event; it is actually

FINANCIAL institutio­ns should Kunda,

other a process. It is important that sideration of the shares being minimum

use digital platforms to share people look out for informatio­n constructi­on transferre­d, or the proportion of informatio­n throughout the that is available on different the

some that the value of year Zambian on their services en- to reach platforms and sources,” Mr were prohibitiv­e. tity bears to the more value people. of the Kasekende said. course. transferre­d shares, Standard whichever Chartered Bank He there is an opportunit­y Developmen­t

Manager, is higher of the nominal Zambia three,” Managing value, he said. the Director, direct con- to spread more informatio­n explained

Kunda,

In this instance, sideration Herman Mr Kasekende, Sikalin- of the shares said being on products and services to

industrial constructi­on da said, PTT would transferre­d, financial be institutio­ns charged or the proportion played a the public, especially through

the

once that key role the value in driving of Zambian the financial en- digital platforms. and collected from the Zambi- Sikalinda would were

tity literacy bears agenda. to the value of the “Given the times in which course. an entity. transferre­d shares, whichever

Mr Kasekende highlighte­d we are in, where we are still participat­ion He PHOTO said : The where is Zambian higher ZRA of Government the three,” was he said.

that there was still a lot of dealing with the Covid-19 economic explained ought to bring the mining In this companies instance, Mr Sikalin- industrial satisfied that a opportunit­y transfer for made the financial themselves on board, da said, so PTT that they would can be give charged pandemic, we need to

once for input the as to purpose what is institutio­ns feasible of group and to use what re- digital is not. make this informatio­n more and collected from the Zambi- Sikalinda an

would organisati­on As Karma Mining and an platforms entity. Services that to share there and informatio­n Rural “In Developmen­t, accessible. the case our of a mining the

commercial decisions. Mines already pay “How participat­ion

throughout gold the year to but reach we are mostly “It is can our you working duty design to ensure laws that effectivel­y was expertise no change is in in He the said processing, effective where ZRA rights was or an interest in a min- would economic taxes, royalties and more other small people. scale gold miners.’’ you we have invest not in taken platforms the time that to absorb

contributi­ons, so shareholdi­ng unless with these artisanal significan­t with and additional respect expenses to ing rights, the actual price of and satisfied that a transfer made

knowledge and experience of those for Last the week, purpose Zambia of group re- will provide informatio­n to the an the are tax-deductible, Zambian organisati­on they company, As really Karma amount Mining and the Services that to a that there and and mining Rural work “In Developmen­t, in the right the case field or our interest of you a are mining regulating?” or entreprene­urs

joined the rest of world to general population at scale,” the

Authority further tier of may taxation. was determine expertise no change is in a gold in nil the processing, effective as determined Malango but rights we are asked. mostly by working the Author- commemorat­e or an interest in a min- would

impacts “This investment laboratory Global Money is targeted Mr Malango Kasekende at stressed said. that there was up value “This then for that inevitably transfer. shareholdi­ng with respect ity to whichever ing rights, is the higher; actual price while of with artisanal and small scale gold miners.’’

and decisions. Which is the week why operations these which are ran from details we March are setting point He in up legislatin­g said starting it was incumbent something with on which zone.

However, Mr Zambian said, company, with the intellectu­al that mining right or interest or entreprene­urs that can only be negotiated 22 Sikalinda to March 28, 2021. financial institutio­ns property, to provide the

Authority Rufunsa, by may both determine were parties. we a are nil already working as determined set for with failure small by from the Author- day one. up

with “This actual laboratory “Ultimately, informatio­n price is targeted of if on the a at the truly the intellectu­al different collaborat­ive table this Otherwise, would you not end value apply up This scale was also miners the week there and art is anal miners for to that regulation a com- transfer. which ity whichever is higher; while

operations we are setting up starting with zone. pany is one-sided that has and superficia­l,” not during However, been which part Mr the Malango Sikalinda 2021 of property said, is used kinds with or to of intellectu­al achieve as products determined the so property, that objective by the of Citizen realising

from the surroundin­g Rufunsa, were area,” we are he working said. with small the told the group Mining of for companies this Zambia National would Magazine. Financial not for apply at Literacy to a the com- tax far-reaching, people actual Authority can price material make of or the informed whichever benefits intellectu­al to Zambians, table

scale miners there and art is anal miners and

He emphasised that pany Week consulting that was Mr has commemorat­ed Keer not those said been who part laboratory of then decisions property any costs would to or plan along as determined and also the secure way may by come least three years. from the is surroundin­g higher,” he area,” said. he said. Citizen must implement the the under laws be the designed open theme to “take was the not care general of be their public regarded future. for as them investment­s, to and Commission

group of companies Mr Keer for said at the laboratory tax Authority would or also whichever and the just a question of fairness, least come three but years. think and also have be open of their to the content samples general element public tested. of for this them transforma­tion to constructi­ng Commission

is higher,” he said.

the opportunit­y that was being missed. come and have would their be samples embraced tested. by the mines,” constructi­ng

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