United Liberal Party (ULP) president Sakwiba Sikota has said the leaders of PF/UPND pact Michael Sata and Hakainde Hichilema are allegedly naive and too simplistic by suggesting that they would reverse the sale of 75 per cent shares in Zamtel to Libya’s Lap Green Networks.
Mr Sikota, who is also a lawyer, said the two leaders lack a proper understanding of economic management from a legal perspective because renationalising companies was costly as the new owners would demand several other costs apart from the principal purchase value.
Mr Sikota was reacting to continued statements by Mr Hichilema and Mr Sata that they would revoke the sale of 75 per cent shares in Zamtel sold to Libya’s Lap Green Network.
He said the cost demobilisation, projected profits, the amounts invested, compensation and the actual profits, which would be lost, could rise to un proportional levels that no government would pay.
The country’s rating had already been threatened because of such statements, which do not give hope to the present and would-be investors.
He warned that Zambia’s world credit rating would collapse if Mr Hichilema and Mr Sata continue to threaten renationalisation of the privatised companies like Zamtel.
Mr Sikota said Mr Hichilema and Mr Sata should avoid such thoughts because they were almost legally unrealistic.
Mr Sikota said Government operated on the principle of continuation of sovereignty, which ensures continued economic and political stability.
He said Mr Hichilema and Mr Sata should not become a risk to national economic development by issuing statements that would threaten the country’s increased confidence internationally.
He said whether or not Government changes after next year’s elections, the Government of the Republic of Zambia would remain with the mandate of encouraging foreign direct investment.
And Minister of Commerce, Trade and Industry Felix Mutati said that Zamtel made losses that amounted to K385 billion in the last three years and that it saved US$200 million which was required to save the company from closure.
Mr Mutati said at a media briefing in Lusaka yesterday the company had become technically insolvent with shareholders’ fund collapsing to negative K270 billion in 2009 alone.
Mr Mutati said the company had terminally collapsed with more than 50 per cent of monthly revenues going towards salaries while its competitors, Zain and MTN only spent less than 25 per cent on the payroll and made contributions to the economy through taxes.
[ Times of Zambia ]
You MMD ass licker keep quite,you sold your party,so just shut up,you are not the only educated person in the world let alone zambia.its good you were not elected UPND president,it would have been history now,you are a sale out,shame on you fool.
SIKOTA is a laughing stock in zambian politics, i wonder how many zambians can afford listening to him. Does it mean, this is the reason our state run companies are being sold out with peanuts accompaned by a lot of irregulaties & family ties now? So that by the time (thanx MMD acknowleges PACT will rule come 2011) they r out of power, everything would have been ruined? & they would be irrreversible?
This SIKOTA thing is so selfish, he won our hearts last election campain only to u-turn on us while he enjoyed sitting next to AMWINE.
Rupiah, his sons and Dora are guilty over Zamtel sale – HH
UPND leader Hakainde Hichilema yesterday charged that President Rupiah Banda, his children, Dora Siliya and the team are guilty of corruption in the sale of Zamtel and they will never wash themselves clean.
Between HH & Sikota,who has the understanding of such transactions? I guess we all know the answer.
Zamtel was making losses because Govt was using free services from them.
RP Capital Partners which valuated Zamtel assets was contracted without tenders because they wanted kick backs. There is no question about it. What else did former minister of communications and transport but now Minister of Education Dora Siliya share with RP Capital Partners over a cup of coffee? Was it just a cup of coffee or the other things, commitment to the corrupt team? State House was involved, Dora, President Banda’s children were involved,” said Hichilema in an interview. “We are all aware that the children are travelling all over now. Somebody was caught with some cash. And they are covering it. What other reason would be motivating Dora? And look at the defence, it’s like bees just stinging around when people complain. Former Republican Vice-President Enoch Kavindele…
He said President Banda and Siliya’s verbal onslaught on Zambians and institutions opposed to Zamtel sale showed that they were covering their “corrupt” tracks.
Hichilema argued that many Zambians had opposed the transaction from its beginning but President Banda and his team did not heed the advice.
“It’s extremely important that the people of Zambia do realize that we had raised the flag on the privatisation of Zamtel a long time ago, starting from the tender process where they appointed RP Capital Partners without tender against the Public Procurement Act of 2008,” Hichilema said. “You are all aware that Mumba Malila as Attorney General had objected and that cost him his job, David Kapitolo director general of Zambia Tender Board Authority now Zambia Public…
I used to think this man is intelligent!
Sorry Sikota. We may not be lawyers but one thing we know is that we will use ANTI MONEY LAUNDERING LAWS and will run away from additional compensation. Actually we’ll sue LAPGREEN & RP capital partners jointly for knowingly purchasing a “stolen” asset, which resulted from a criminal corrupt process. We shall Freeze the personal accounts of all individuals that participated in this transaction (RB, Mutati, Dora, RP Capitals Zambia contacts, all) in Zambia and seek through foreign governments information on their financial transactions in foreign banks in their countries and freeze them there to for forfeiture to GRZ. Afetr all there’s now hiding money anymore. Swiss banks are revealing their depositors to requesting Govt’s.
and FYI Mr Sikota, we will brand our actions an ANTI-GRAFT & ANTI-CORRUPTION fight, and will garner huge international support for this and our ratings and international confidence in Zambia and in our rule of law will improve tenfold. As it was under LPM. Ha! i.d.i.o.t. You think international community and business people give a rats butt about LIBYA’s activities in our countries. If anything, they think its dodgy and might actually drag us into the Terrorist sponsoring country list you don’t want to go in..
# 8 & 9 Digga, don’t expose your little exposure from RSA, Listern to words of wisdom and learn:-?.. sikota is not opposing anyone, hes just laying across a valid point,,:o
Haha Ba Sikota, you as as dull as ever. The masses win and Libya will play negatively for RB and Dora because the Donor will also be on our side and our Rating will go higher. No amount of jargon or excuse will let these Dora, Rupiah, Rupiah sons and Mutati scot free.. Those who want to live freely this is time to cme clear of this transaction
Sikota you are naive your self. A country can reposses assets from foreign companies with any compansation. KK did it and Joseph Kabila is doing it in DRC against FQ. All you need is produce evidence that the assets were fraudulently(true to Zamtel) transfered. By the way does Sikota know that the new owners of Zamtel are going to close the Ndola HQ? What this means is that more are going to lose their incomes. This includes employees and suppliers etc
yes.. the company can be renationalised,, but at what cost to the zambia economy?.. thats sikota is saying to you ‘cleve’ Deja vu
Whose girl friend Dora Silili, RBee or Henule?
But Mutati has not told us how much Govt owed Zamtel in unsettled phone bills so his comparison is very one sided!
#10 ndodo.. born bred, educated, trained and exported to Angola oil operations, within the large multinational group, from Zambian operations to train, develop, transfer skills and manage growing business there. read again. fully Zambian schooled and trained. Thanks to one KK11. Sikota is free to find every reason to support GRZ in their argument that this is irreversible. He’s just echoing what MMD has already said about undoing the transaction. We know him. Nothing new here. We on the otherside will find legal grounds to undo all this. ANTIGRAFT will be our weapon. and the people will win with international support contarary to him skewed assertions. Have you not read Post today on withdrawal of Min.of Health funding by Global Fund due to lack of seriousness on GRZ investigations.
saki thanks for telling these bums the truth. its the same hh who nearly destroyed your political career and upnd bcos of tonga popularity. hh and sata cannot think beyond market politics thats y they will always be rejected by the wise pipo of zed
# 15 Sum Guy
Govt owes zamtel billions of kwachas for unsettled bills from micheal sata’s time:-?
Mr sikota your advise is a wake up call for pipo who talk without facts. its like an empty tin making noise. zamtel will be able to compete with zain and mtn now. look at zanaco its now the best bank in the country atfer selling it to rabo bank. ba sata na hakainde state house tamwakaimyange po. your dreams will neva be realised bcos abena zed are not as stupid as you think. they vote wisely
#18 ndobo a good one these short sighted guys. they forget mr sata was the last man standing in the chiluba govt. sata hounded everyone out of mmd and thats how fdd was born. now he has chased half his mps out of parliament. how does he hope to win when he is reducing on numbers
#16.. Digga
sikota is not just another schooled person ,, he’s well schooled and has contibuted alot to zambia in terms law development, they man just gave an unbiased statement thats all..yes zamtel can be renationalised.. but at what cost..considering the zambian economy is already drowning… and mind you zamtel ended up in this state because of a simple reason… macheal sata chiluba and MMD milked zamtel funds for the operation of MMD:-?..so sata is not an angel to save zambia
yes i have read the post.. funding has been withdrawn, THANKS KAPOKO!.. who is ONE of the MAJOR FUNDERS OF PF:-\”
# 13ndobo- Sikota is not being sincere. If it came from some one else I would have cared to study the statement. But here is some one who heads a family political party calling HH naive?
iwe chi saki..get out ala..what do you know about business..?
#22 off course HH is naive:-? thats most fair word i can also find to use, if you have to do a nature and nurture analysis of HH, you will know that HH is eduacted and intelligent maybe but ukushishita,,
Mr Saki you are so blind. Thats why UPND chased you because you wanted to enter into a pact with MMD under Mwanawasa, what a cheap man who cannot understand simple logic. We thank God that you will never be a president of zambia because all companies including the whole country will be sold to a white man, no wonder some tribes were colonised to the bone marrow by the white man thats why they wear colonial patterned clothes and colonial gurdes uniforms for their celemonies. What the opposition want is a proper procedure of privatisation and citizenship empowerment. The case of Zanaco is a very good example of privatisation Magande did where zambians own 51% of shares and the foreign company Rabo Bank has 49% and thats all what the opposition wanted. You are really naive and not the op
#25 chansa! chansa! chansa!
Talk about sikota don’t bring in tribes, am sure you be happy to know that your tribe has stealing genes to an extent that they stole David livingstone’ s first aid box, the poor guy died because he couldn’t find his first aid box, those bemba chaps thought the stealing sweets.. shame on you thieves!
Saki just continue bootlicking Banda so that he can give you a post of vice-president, but you will never be one anyway since the Litunga refused to indorse you because you are a prodical son. We know the last presidential elections you supported Banda inreturn for a post but he abandoned you for Easterners, wake up my man. Saki and Milupi I wonder if at all you run opposition parties because your support for wrong GRZ activities leave me with so many questions than answers. You are so cheap that even your followers question your senity because you can be bought by even one silver coin.
#24 ndobo I like your reasoning hh could be educated but ukushishita nobu tonga. hh beat saki 4 upnd presidency bcos he rode on tonga tribal popularity. someone who ignores sakis statement is naive and running away from the truth.
Bloggery diaherea.
Sakwiba, should be the last person to defend such clear corrupt practices surrounding the sale of Zamtel. Being a Lawyer he must be in the position to analyse issues both ways i.e the sale and most importantly the method used to have Zamtel sold ALAS he is busy defending the same corrupt government, what is ur role then as an opposition president?? U are the people that must be in the position to maitain checks and balances over those in government, nowoder u qualify to be called NASHALA NEKA PARTY PRESIDENT.
Chansa number 27 @ every opportunity jumps to the chance of attacking the Lozis’ this seems to be a trend. Not so long ago you mentioned no Lozi will ever head Zambia. Have you forgotten the good leadership that was demonstrated by KKs’ Vice Presidents’ from Western Province, namely; Daniel Lisulo, Mundia Nalumino, Malimba Masheke and Kebby who was Toka/Lozi speaking. Can you match these with any that you have known so far? The Lozi will continue to make positive contribution to Zedi whether you like it or not. Botswana which is modeled on similar principles as Barotse is a thriving Economy in present stage, because of upholding values, respect, integrity and truthfulness, which is lacking in our society. A mere supporter of Arnachy!. Stick to the debate at hand than keep insulting…
Sikota must understand that gross mismanagement of Zamtel lead to huge negatives. What kind of a country sells its communication system and air line? It is very shamefull that out of selfish interests Mr Sikota is siding with MMD. If selling was the only option, why was the process of sale done in darkness? The procedure to eveluate the company was shelved at the expense of Zambians. Sikota must understand that light travels faster than sound in other words I am saying some people look very bright before they say a word. Just keep quiet and talk about how you intend to form government if by mistake you party wins 2011. We are tired of listening to very cheap propaganda because they know how to speak English. I am disappointed with Sikota, God save him.
chansa is a bemba and cant debate beyond tribal reasoning. no wonder you lose got to embrace even so called small tribes. you insult lozis tongas kaondes lundas luvales lenjes at your own peril they wont support your pact and you lose elections kwasila
#31 Kebby was not Lozi but Tokaleya from Southern province in Kazungula district, why you lozis like moving where it is warm. Do not mention Botswana, it is not your country whether rich. It’s true you Tongas and Lozis are so dull (kushishita sana). If you talk of Masheke where is he? he could not even run his small lodge which is like a classroom block in Livingstone, now he is a destitute in Lusaka.
If what we are witnessing at Zanaco is anything to go by then privatisation of Zamtel is long overdue regardless of who did the study and who finally bought it. Morons here are at pains to accept the fact that an African company can buy another company in Africa. fools would have been happier if the buyer was some South African company fronted by muzungus pretending to come from America or such countries. Shame on you lot.
Ba Zoona naba dobo, bupuba, atase!!!!!!. What can a failed politician like saki tell us today. We all know is motive.
#26 u ve hammered on #25.Chansa try debate issues @ hand.The zamtel story is one sided,let the govt also disclose how much billions it owes zamtel.
Thats why I say 2011 Viva pabwato. We will make sure we block these so called shishita Tongas who cannot steal from plot one, we need smart guys.
Imwe ba Chansa (num.34) , from your writing it is clear that you are a young person who’s not able to appreciate the various componential parts various tribes played in zambia’s development. In fact, because of The Post’s Pact (only the post calls it the Pact), you believe Zambia is a poor country full of poor people.
This Saki man is a finished politician thats why pf chased him, he is a prodigal son, what advise can he give zambians. I feel for Lozis shame on you how can you accept to be represented by such a dull person.
Oh my God Lozis and Tonga sorry for being so hard on you because you claim you cannot steal from GRZ all the time and you say Bembas are thieves, who stops you from stealing, tekushishita uko tulelanda apa.
Pact supporters, undecided & discontent MMD supporters please ignore #38 CHANSA.. Please please.. I suspect he’s been planted by MMD to stir trouble in the focused PACT through bigotry posts purportedly from a Bemba PACT member. By trying to breed tribal hate and intertribal conflict within the PACT, they recon the pact will cramble. They thinks we are s.t.up.id to fall for this Chansa person. he’s probably not even bemba.. IGNORE HIS POSTS. dont respond to them. thats why they are always of topic. he’s a snitch.
The issue is on how the whole process was done,the refusal by govnt to release the report,the controversial awarding of the contract to RP capital without any tender procedures,as a lawyer Saki should know better than that,HH and Sata are not the only ones compalining,his fellow lozi Oliver Saasa has also voiced his concern.There was no transparency
Chansa, we know that when u were still in zambia u stayed 10yrs at chainama hospital because of your mental problems. pliz dont force me to lower myself to yo level. who doesnt know stealing is what led u to go insane. dont force me to tell the world who u are. who doesnt know that u are tribalist which came as a result of yo jealousy. pliz learn how make comments.
Jack of all TRADES AND MASTER OF NONE(Mr.Sata) at it again.
Ba Chansa plz take your foolishness to sata’s village….What else are you going to reverse? but RB amivuta ba fikalalala
Typical stupidity of Bembas . Zambian could have been a better place without this thievibg tribe . . .atase
Sata why did you want to drop Dr.Chiluba’s case if you were voted as president in 2006?Today you want to take him to court again.Be cosistent in what you do and say.I have no trust in you.
Now now now guyz. no need to issue tribal remarks. Someone said chansa very young as you can percieve from his blogs. true. but # 46. that was a stupidest remark you can make. i think it is very sadistic of you to think or consider thoughts doing away with one tribe.
Chansa you think bemba tribe is Zambia,no wonder other tribes wont support the pact because of the bulling tribe so called bemba,i personally hate bembas to tell you the truth and in ten years time every other tribe in Zambia will be against you stupid and waist tribalist
Sata ni shetani my brother at # 47 dont even ask that satan such questions because they dont mean anything. one time sata is leftist, next time he is centre right, the following morning he works up is rightist, in the evening he is extreme rightist. give him instruments of power you will find him sponsoring mercenaries to topple the chinese government. thats sata for you. i pit his followers
saki- two words describe you: failed politician
I agree with most bloggers. It’s wise to stick to the subject matter than bringing in tribal issues. We are all Zambians regardless of area/provinces we may come from. ‘One Zambia’ One Nation’; ‘Tiyende Pamodzi’ my fellow Zambians.
we have seen people who reason and those who dont. if an independent person was to review this column would know that chansa gerabo reddard and company belong to simple minds who can never win an election let alone a debate. they support failures in politics like mr sata and mr hichilema. wise minds have seen that rb and mmd are by far better than upndpfpostfredpact
what sikota is saying is that it will be very expensive for zambia to re own what was our own. what he forgets to say is that we should not have given it away for free in the first place
chansa you are off tangent, why stereotype lozi’s coz of one politician’s statement? and your faculties are not up to date, you thinking should belong to the stone age era. discuss the dubious zamtel sale not tribes. am not lozi neither am i tonga but from luapula where you fools think even that region is bembaland
Global Fund freezes Zambia aid over corruption concern
Page last updated at 12:57 GMT, Wednesday, 16 June 2010 13:57 UK
E-mail this to a friend Printable version The suspension will be a big blow to a country that is dependent on aid More than $300m (£200m) of health funding to Zambia is being suspended by the Global Fund to fight Aids, Tuberculosis and Malaria.
It said it was concerned about alleged corruption in connection with one or more grants to the health ministry.
The Global Fund said it would continue paying for life-saving treatments.
It is not the first time Zambia has lost aid amid corruption claims: Sweden and the Netherlands stopped health aid and the EU halted road-building funds.
“The national authorities have failed thus far to provide assurances of…
Fellow bloggers,
This Chansa is most probably not even Bemba, but some MMD diehard who wants to create dissension ethnic tension within in the PACT.
#56.. thats a sad story, thanks to kapoko,one the majer funders of PF
#57 Max! what are you taking about? chansa,, is a self confessed hard die kaponya with pure kaponya-sata genes in this veins:o:o
#56.. thats a sad story, thanks to kapoko,one the majer funders of PF
#57 Max! what are you taking about? chansa,, is a self confessed hard die kaponya with pure kaponya-sata genes in his veins:o:o
#50
Whatever comes out of Mr.Sata,i do not believe and trust him.
(1) I will drop your case (Dr.Chiluba’s) if support me as president in 2006
(2) The way you parted company with sakwiba,after working together tireless in 2006 elections
(3) The way you parted company with Dr.Chiluba,after you remained alone as the most senior person in MMD,when the 22 M.P were expilled.Because Dr.Chiluba did not endorse you as MMD Presidential material in 2001,you are emenies.
(4) I foresee Sata to use HH and get what he wants dump him like what happened to Sakwiba Sikota.
You can equally add to the list this man so called SATA from the NOAH PARTY (PF)
SIKOTA, even if they (PACT) do not re-nationalise, fact is those responsible for the sale of this national herritage will be jailed for dubiously selling zamtel.
Mr.Sata you are fit in the opposition for checks and balances,but NOT PRESIDENTIAL MATERIAL.I have respect for you in from spectrum.100% not TRUST to the HIGHEST JOB in the land of ZAMBEZI or rather ZAMBIA,others call it GRZ.
# 35 You are blogger of the day congrats man!!!!!!:d/
This Chansa Dog is F**king sh*t.Like 49 has correctly observed…you shameless Bembas are headed for doom in the near future as other tribes will reject you coz of yr hopelss mentalism. Tats y yr luapula & northern province is least developed coz u all ran to cities to steal and now u have nothing to steal anymore—the copper is diminished/valueless. U ar a disgraced chap> to hell with yr tribalism. Id**t..!
Time and time i have said we do not want any MMD and its supports to write on here to hell sikoto, malabish
Haha. Funny how quickly this disintegrates into tribal name calling. Explains why the majority suffer. If it is this easy to derail bloggers can you imagine the field days politicians enjoy continuously. I mean I could use the name Bwalya, thro around some anti; Tonga remarks, have the Tongas buy it and then turn around in an hour and use the name Nchimunya to throw around some anti- Bemba sentiments and before long people will be at each others throats. Try to reason people, the politicians that rob you do not discriminate on tribal lines, thus they stand more united than you are when stealing from you.
Lastly, lets think long term, reversing a corrupt transaction will certainly be cheaper long term than letting it go on the basis of cost.
It is purely disappointing that we can’t even debate this without blurring political affiliation. Having the President’s sons handle a transaction of that magnitude on our behalf should be wrong no matter what party you say you belong to. It really matters not that Sata was with MMD when Zamtel started accruing debt and it matters even less that he is a Bemba man. The point is if what you want is a better Zambia you will have to collectively push for constitutional change, one that protects the ordinary citizens from those in power (whatever party, tribe , gender etc) from using those powers to serve their selfish interests. Stay focused people, the tribal division tactic has been around since colonial days. It works in ways even the most intelligent can be blind-sided to.
Mutati,you indeed think we are gullible as Zambians.Saying Zamtel had become technically insolvent is not only a lie but an insult to Zambians.Show us the financial reports.How much was Zamtel making per month,how much is Zamtel owed in unpaid bills,lets compare these figures to the $200million that Zamtel was sold for.Besides,Zamtel as quasi government could go out and borrow money not only in Zambia but from say banks in SA-Nedbank,ABSA,FNB,etc.Please,stop the hogwash.Any bank would not have hasitated to give Zamtel funds given the nature of it’s business,it’s infrastructure and it’s cashflow.
Sikota, you had potential to become President of Zambia one day, but you lost it when you became RB’s Bootlicker. If you had remained in UPND, which is forming Govt together with PFnext year, at least you would have been counting yourself as potential President. As for Zamtel illegal transaction, there will be no compensation because the contract itself is devoid of legality and therefore NULL and VOID. You are a lawyer, you should know better! [-x
Sikota Wina does not understand re-nationalisation from an economic point of view. We are aware as Zambians that re-nationaisation will be costly in the short term but in the long term it will be beneficial to the Zambians. The Zambian government i.e. the people of Zambia will have to bare this cost, thanks to Rupiah, Henry and Dora. But they will pay handsomely I can assure you. It will not be one of these simple 2-5 years imprisonment terms being given out to plunderers today. The pact is coming in to change the way we do things. We are adopting the Chinese system of punishing plunderers. those of you that are enlightened know what i am talking about. If Saki wants he can get involved and dance to the music also. MMD has been colonized by the UNIP virus and is dying. Viva Pact!
On “United Liberal Party (ULP) president Sakwiba Sikota has said the leaders of PF/UPND pact Michael Sata and Hakainde Hichilema are allegedly naive and too simplistic by suggesting that they would reverse the sale of 75 per cent shares in Zamtel to Libya’s Lap Green Networks” what I see as lacking in that above is failure by the reporter to put names in correct order as the English Language allows in the case of Mr Hakainde Hichilema and Micheal Chilufya Sata although the above clearly shows that Hon ULP Livingstone MP Sakwiba Sikota is a very bitter man.
Whatever the case, Zambian voters will decide as to who forms GRZ next year and what needs to be done then will be done over Zamtel and other issues.
B blest all.
_
Matt 6:33 But seek ye first the kingdom of God and…
Anyone one this blog who is interested in reading sensible, logical and rational reasoning just read # 66-67 above. I rest my case.
The objective of this blog, in my view is to generate constructive criticisms that can positively influence Zambian’s development agenda not comments which boarder on anarchy. Therefore, it is prudent for everybody to be objective by making comments which are focused on the issue at hand rather than being petty or naive. I recommend that LT must begin to scrutinise comments so that those that are irrelevant to the topic are deleted while editors warned. We want objective and constructive debate ba Zambia.
Chansa and your friend # 34 please talk about the issue at hand don’t insult LOZI.They are just very good poeple good humbled people who don’t know stealling.Very educated and ,Honest ,Kind and Loving poeple.I wish you well in your life so that you change for the better.May GOD make his shine face upon you and bless for a good Zambian with kind vocabulary to others Amen.
anga wakotakachikala kwikalafyezeeee leave my sata alone ,its high time we need change
I fail to understand this Sikota which part he is leading and economy he advocate for in ZED