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WORLD CUP COUNTDOWN: Zambians to enjoy Russia World Cup Live in HD, at K 1 per game, says TopStar

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AS the countdown to the most anticipated sporting event in the world commences, Zambia’s first choice in digital terrestrial home entertainment and digital migration, Topstar Zambia, says for the first time in Zambian television history, subscribers will be able to watch the whole World Cup tournament from their homes for less than K100. For only K64 Zambian households will watch all the 64 games live and in high definition!

TopStar Sales Director, Cliff Sichone revealed this at the World Cup Fiesta Countdown held ceremony on May 15, 2018 at Radisson Blu in Lusaka.

“We believe that the upcoming FIFA RUSSIA 2018 World Cup will bring with it to many Zambian households renewed football experiences where access to affordable and viewing of quality television concerned will inspire Zambia’s future national teams to work hard and ensure the country does not miss out on qualifying for the next world cup. TopStar subscribers to the Basic and Classic bouquets will have access to all the live 64 World Cup games,” he said

And Minister of Sport, Youth & Child Development Moses Mawere said he appreciated the partnership TopStar has with the Zambian government.

“I am reliably informed that for the first time Zambians will be able to watch all the World Cup games at an affordable rate.  This has been made possible by TopStar, the public signal distributor, and more importantly, they are the implementer of the national digital migration project. I am reliably informed that signal coverage on the TopStar satellite service can be accessed in all parts of the country, while the digital terrestrial transmission (DTT) has now seen 46 sites switched on. My ministry remains committed to promoting sports across the country and encouraging local talent identification and ethical sports participation. This event sets the tone for the coming. As I conclude I want to appreciate the partnership that TopStar has with the Zambian government. It is my hope that the games that the 64 games – that will come through in High Definition – will inspire the next generation of footballers”

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ERB maintains prices for all petroleum products

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THE Energy Regulation Board (ERB) has maintained the pump prices of Petrol, Diesel, Jet A-I and Kerosene.

The prices in December 2023 for Petrol, Diesel, Jet A-I and Kerosene will be K29.98 per litre, K29.96per litre, K29.29per litre and K20.44 per litre respectively.

ERB Board chairperson Reynolds Bowa made this announcement this afternoon.

He said the prices have been maintained because the changes in the two key fundamentals that determine domestic prices of fuel, that is, international oil prices and exchange rate of the Kwacha against the United States Dollar, resulted in changes in the domestic fuel prices that were below the set threshold of 2.5 percent.

Mr Bowa said the price of Kerosene has been maintained on account of sufficient national stocks.

“During the period under review, the international oil prices declined. The decline was mainly caused by speculation about projected global oversupply of oil following the re-commencement of exports by Russia. The decline in prices was also caused by the build-up in domestic stocks in United States and China, which slowed down international oil trading and demand.

The benefit of the decline in international oil prices was, however, cancelled by the depreciation of the Kwacha, during the price review period. The average exchange rate depreciated by 6.77%. The depreciation was mainly attributed to sustained excess demand for foreign exchange from sectors such as manufacturing and energy, against constrained supply,” he said.

(Mwebantu, Thursday, 30th November, 2023)

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ZRA unearths alleged tax evasion scheme at Spax mining limited in Chingola

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THE Zambia Revenue Authority (ZRA) has uncovered a suspected tax evasion scheme involving fraudulent recovery of input Value Added Tax (VAT), underpayment of Mineral Royalty and non-disclosure of income orchestrated by Baba Kabaso Mulenga, the proprietor of Spax Mining Limited in Chingola.

ZRA corporate communications manager Oliver Nzala said the investigation, prompted by recent revelations and credible intelligence, has revealed a series of concerning activities that point towards non-compliance and estimated financial losses for the government of over K8.8 million for VAT fraud.

He said main allegations against Spax Mining Limited and Mr Mulenga relate false VAT inputs.

Mr Nzala said investigations revealed that Spax Mining Limited has, through fraudulent means, been making false claims of Value Added Tax (VAT) inputs.

He said the company allegedly submitted misleading information related to VAT inputs, resulting in an estimated loss of over K8.8 million in tax revenues for the country.

“Furthermore, despite significant mineral operations, Spax Mining Limited has reportedly failed to make substantial mineral royalty payments. The company has no export records to indicate that minerals have been traded or exported from the country, raising concerns about adherence to legal obligations and fair business practices.

The search was aimed at obtaining evidence to prove or disprove the noted allegations against Spax Mining Limited and its directors. The discoveries are pointing towards discrepancies in reported production and actual copper operations. Preliminary findings indicate the possibility of active copper extraction not accurately declared to the ZRA, contrary to the company’s declarations,” he said.

Mr Nzala said the authority has embarked on a rigorous compliance enforcement programme to ensure that correct taxes are accounted for the benefit of all Zambians.

(Mwebantu, Wednesday, 29th November, 2023)

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Confucius Institute Recruitment Fair at UNZA: China-Zambia Cooperation Creates New Opportunities

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Recently, China National Building Materials (CNBM) Zambia Industrial Park was honoured to participate in the talent fair sponsored by the Confucius Institute of the University of Zambia and co-organized by the Zambia Chinese Association. More than 80 Chinese and Zambian enterprises participated in the event, and thousands of applicants came to look for jobs, becoming a business card of attention in the new era of China-Zambia cooperation.

CNBM Zambia Industrial Park was present at the job fair, aiming to explore and cultivate local potential talents, create more job opportunities, and provide diversified career development paths for local young people. They attached great importance to it, fully taking into account the needs of the enterprise talent reserve, and carry out thorough preparatory work.

At the job fair site, the staff warmly received and patiently answered, not only providing job seekers with detailed corporate information and job recruitment information, but also creating opportunities for them to deeply understand the company and employment opportunities. Thousands of job seekers have also expressed their desire to join this big family and realize the common growth of individuals and enterprises after learning more about CNBM Zambia Industrial Park.

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