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Bitcoin CFD Trading Strategy

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Bitcoin CFD Trading Strategy

Wherever you are, the Internet may connect you to global financial markets. Through local brokers like ForexTime, retail traders in Nigeria and the South Africa subregion have access to a wide range of finance instruments. Aside from conventional currency pairs like EUR/USD, online Forex brokerage allows trading of crypto money. Bitcoins and altcoins bring profits to those who foresee market trends.

Problems of Bitcoin Trading

The total number of coins in circulation is roughly 21 million. Not all of them may be traded. New bitcoins are generated through mining and the rate of production is changeable. It is swayed by public perception of the value of the coins, negative coverage in the media and other factors, which may have lasting effects. Amendment of regulations or introduction of new laws related to crypto may send its value up or down. Cybercrime and macroeconomic updates are no less powerful.

A Better Way to Trade

Today, many speculators favor CFD, a form of derivative that allows you to trade through a broker with lowered risk. Aside from eliminating threats associated with transactions in cryptocurrency exchange, these instruments enable you to profit from price volatility. They work for stocks, commodities, and even market indices. There is no need to mine or own any digital coins.

Profit generation is purely value-based. Both upward and downward movements of the Bitcoin rates could result in gains depending on the chosen strategy. Whichever method of trading you opt for, make sure your tactics are solid.

Never rush into trading headlong. Take time to think over your plan and choose the most promising course of action in the circumstances. However, making a plan is not enough, as you have to be able to stick to it regardless of emotional impulses.

Risk Management Approach

You need to develop a clear understanding of potential risks and acceptable losses. What portion of capital are you ready to put at stake per trade? Risk assessment is a vital part of any prudent investment strategy, be it Forex trading or crypto.

Since the Bitcoin market is extremely volatile, the preparation for possible abrupt changes. Include a system of stops and limits for all trades. The Stop Loss order, for instance, will auto-close the respective position as soon as the marketplace moves against you. Here are four examples of existing Bitcoin strategies.

1.   HODLing

The term that was once a typo now describes a long-term strategy on Bitcoin trades. It centers on maintaining a long position with the expectation that the value of crypto will surge again like it did in 2018. Due to the changeable nature of the prices, this course of action is hardly advisable.

2.   Hedging

CFDs allow you to go long or go short. If you expect the value of CFDs to decline, you are likely to sell immediately to hedge the immediate risks. If the price does fall, you will be able to purchase more of the same instrument later. The digital nature of CFDs ensures maximized convenience, as no actual crypto is traded.

3.   Trend Trading

When consistently growing highs and lows are observed over a period, the market is regarded as a trending one. Here, you do not close your position until you think the trend will stop. The duration could span hours, days, weeks or months.

4.   Breakout

When you expect a new trend to commence, you aim to enter the trading as soon as possible. This way, you will acquire an advantageous position by the time Bitcoin breaks out from its current range. Such vigilance may allow you to ride the trend from beginning to end.

[Sponsored]

Prime TV problems deepen as the Station is closed with immediate effect

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Prime TV problems deepen as the Station is closed with immediate effect

Zambia’s most popular privately owned television station Prime TV has been closed with immediate effect.

It’s license was canceled by the Independent Broadcasting Authority.

In a statement to the media, IBA Director General, Josephine Mapoma stated that the cancellation of the TV licence is necessary and has been done in the interest of public safety, security, peace, welfare and good order.

She stated that the Board considered this action as appropriate under the circumstances.

The cancellation of the licence has been done in accordance with Section 29(1)(j) of the IBA Act.

The law allows Prime TV to appeal the decision to the Minister of Information and Broadcasting Services within 30 days.

President Lungu extends Covid-19 measures by another two weeks as Zambia goes a week with no fresh cases

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President Lungu extends Covid-19 measures by another two weeks as Zambia goes a week with no fresh cases

President Edgar Lungu has announced that measures he announced to contain the outbreak of COVID-19 in Zambia will be extended by another two weeks.

In a national address aired on state TV, President Lungu noted that the measures have yielded some level of success although they have a game away livelihoods of some people.

He announced that Zambia has as tidal horn a full week without recording any new case of COVID-19.

President Lungu explained that out of the 82 tests conducted over the last 24 Hours, none were found positive.

He said 17 patients were discharged over the past 24 Hours.

Below is the attached Speech

PRESIDENT LUNGU MAKES SECOND ADDRESS TO NATION ON COVID

PF regime cartel out to capture Zambian economy to entrench power and control

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PF regime cartel out to capture Zambian economy to entrench power and control

By Anthony Bwalya – UPND Member

Zambians need to learn very quickly, how rogue, unpopular regimes seek to consolidate power and control.

This is often achieved through the hostile takeover of an entire economy by agents of the regime, acting together with members of the regime, to systematically paralyze and then take over key sectors of the economy under their unfettered control.

Once all economic power has successfully been moved away from microeconomic actors and placed into the command and control of state capture elements acting for and on behalf of the regime, then that is it: the country and it’s people and well and truly done.

Now, the state capture cartel at the heart of the PF regime intends to, and have for a number of years now, been creating a hostile business environment for both local and international investors, targeting ALL critical sectors of the economy from energy, agriculture, mining and manufacturing.

Once the business environment becomes becomes too hostile and key players start pulling out, the cartel will move in with a combination of their stolen billions and conniving investors to take over the Zambian economy.

Then they will be able to control forex, exports and consumption patterns within the economy. They will also be able to control wages and other compensation, just enough to keep the people loyal and foolishly silent.

For example, while Zambians are complaining about the expensive pump price of fuel, what they don’t know is that the Energy Regulation Board no longer sets the pump price of fuel. The ERB us used to rubber stamp the instructions of the cartel that has taken over all oil procurement, supply and distribution channels.

The more Zambians pay for fuel at the pump, the more money the cartel makes.

As we speak, oil is currently trading at less than $25/ barrel and the cartel are using public resources to cheaply procure oil and then feed it into the local market at a premium!

I am sure many of you have seen a huge number of filling stations popping up everywhere…These actually belong to members of the cartel and are intended to maximize economies of scale.

The failure by ZESCO to successfully renegotiate and renew the Bulk Power Supply Agreement with the CEC is not an accident. The regime cartel intended for the BSA to be sabotaged, frustrate CEC and launch a hostile takeover of the over $500m worth of private assets belonging to CEC. Once they have successfully taken over the supply of the critical production component of the mining industry, they can then use predatory energy pricing tactics to force the closure of key mining corporations and then the cartel will pick them up for close to nothing.

Today, there is a screening headline in one of the local tabloids, suggesting “fraud” on the part of Mopani, and another calling for them to “hand over the mine” if they have failed to run it. All this is music to the cartel because that is the precise intention.

This is also how the cartel moved to illegally take over the Mukula business, destroying a lot of legitimate local timber companies.

Zambians need to open their eyes and never take a chance on a morally bankrupt PF regime.

2021 will be a monumental year for our country. Reclaiming our country will be tough, even at the ballot, because the PF regime has already signalled an intention never to give up power; whatever the consequences.

In the same breath, Zambians must commit to getting rid of the mafia regime of the PF, whatever the price… because this now will be a battle for the heart and soul of our beloved country.

This is, must be, and will be for our independence.

Caritas Zambia: Developing Countries’ Debt Must be Cancelled to Tackle Coronavirus Crisis

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Caritas Zambia: Developing Countries’ Debt Must be Cancelled to Tackle Coronavirus Crisis

On this World Health day,7th April,2020,when the world is supposed to celebrate the work of nurses and midwives and remind the world leaders of the critical role they play in keeping the world healthy amid an unprecedented global crisis, more than 100 organisations are calling for developing countries’ debt to be cancelled to fight the Covid-19 health and economic crisis.

Cancelling all debt payments owed by low-income countries to other governments, multilateral institutions and private lenders would free up to US$ 25.5 billion to fight coronavirus in 2020 alone. Extending the cancellation to apply to payments due in 2021 would make another US$ 24.9 billion available to help save lives now and in the future.
The IMF and the World Bank have called for debt payments by the poorest countries to other governments to be suspended, but with the effects of the pandemic likely to last for years, delaying rather than cancelling payments won’t solve the problem.

Cancellation also needs to apply to all creditors, including bilateral, multilateral and private lenders, to ensure freed-up money goes to support the pandemic response, and not to pay off other debts.

Mr. Eugene Kabilika, the Executive Director for Caritas Zambia, joining the world call to cancel debt said: “Thousands, if not millions of Zambians are already facing devastating health, social and economic challenges and the onset of the Covid-19 pandemic, will only make the situation worse. Permanently cancelling upcoming debt payments owed by Zambia would be the fastest way to free up existing public resources to tackle this unprecedented crisis and save lives”.

External debt repayments in Zambia, has been diminishing resources meant for poverty reduction, which has exerted a significant crowding out effect on social expenditures more especially in the health sector which is very critical in this Covid-19 pandemic period. External debt overhang in Zambia, just like in many other African countries continues to constitute a serious obstacle to fight Covid-19 pandemic which has both developmental and economic growth effects.

“The suspension on debt payments called for by the IMF and World Bank will fall short of this goal if it doesn’t apply to all lenders, and only postpones payments. Full cancellation of all external debt payments is critical, along with emergency finance that doesn’t add to debt burdens. This must be followed up with a more comprehensive and long-term approach to debt crisis resolution.” In addition, “it is important to do everything possible to help low-income countries avoid a build-up of unsustainable debt, and that the IMF and Bank should be a leading force toward achieving this objective. This will help Zambia not to fall off track significantly towards attaining the Sustainable Development Goals (SDGs). It will require Full cancellation and greater use of grant financing rather than availing more money for borrowing, especially for poorest and debt vulnerable countries. Availing grants is an important first step in this direction of fighting and stopping the Covid-19 pandemic”

Cancellation of debt service, up to an additional US$ 73.1 billion of emergency finance will be needed to help low income economies as they respond to the crisis in 2020. This must be provided through grants, rather than loans, to stop recipient countries getting even deeper into debt. Addressing the long-term debt pressures on developing countries also requires decision-makers finally agreeing reforms to the international system for dealing with sovereign debt restructuring, once the acute Covid-19 crisis has passed.
A joint letter also signed by Caritas Zambia – will be sent to governments and their representatives at the IMF and World Bank in due course, it calls for:

  • The permanent cancellation of all external debt payments due in 2020 by developing countries, with no accrual of interest and charges and no penalties.
  • The provision of additional, fresh emergency finance that does not create more debt.
  • Debt cancellation and new financing to be provided free of demands for market-friendly and austerity-focused policy reforms in developing countries.
  • Measures to be put in place to protect developing countries from lawsuits when ceasing 2020 debt payments.
  • A process under UN auspices to be agreed in the longer term, to support systematic, timely, and fair restructuring of sovereign debt.

Caritas Zambia
Catholic Secretariat
Box 31965
Plot BRT 6, Kabulonga Road
Lusaka

Signed
8th April, 2010

Lusaka Business man dismissed from IBA Board for allegedly alarming the nation on COVID-19 numbers

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Lusaka Business man dismissed from IBA Board for allegedly alarming the nation on COVID-19 numbers

Lusaka Businessman and Board Member of the Independent Broadcasting Authority (IBA) Sipho Phiri has been dismissed from the board of IBA dor allegedly alarming the national by posting a tweet on social media claiming that the figures being released by the Government on COVID-19 are not a true reflection of the reality as no testing was being done.

Mr Phiri, whose Saturday 5th April 2020, the tweet was widely shared by many Zambias, including the opposition leader, Hakainde Hichilema who agreed with him., claimed that Zambia has no new COVID-19 cases because it had run out of test kits and was not testing any cases
.
“Don’t be misled by anyone… there are no new cases in Zambia because we haven’t been testing!! Corona is moving.. we just can’t record it.” he tweeted

According to reports, Phiri appeared to have gone against a strong caution by IBA that condemned unethical reporting on the COVID-19 pandemic, where the institution called for objective, fair and responsible reporting on the pandemic.

The report further said that his tweet on testing caused alarm as many tweeter users asked him to provide evidence for such an alarming tweet, especially that he is considered to be a senior member of society and many people reminded Mr. Phiri that the process surrounding the COVID-19 pandemic was being monitored by many international partners and stakeholders and could not be faked or hidden. Other people called for his arrest if he failed to provide evidence and substantiate his wild and alarming claims.

But on Monday evening Mr. Phiri posted a message announcing his own dismissal from the IBA Board.

“Well that must have been the shortest appointment in the history of the Independent Broadcasting Authority!” “Fired after 2 Board meetings..maybe I was a bit TOO INDEPENDENT “ he tweeted. Must say though there are some excellent Board members & great staff at IBA. I wish them all the best.”

The IBA is responsible for regulating the broadcasting industry in Zambia, by ensuring the promotion of a pluralistic, ethical and diverse broadcasting industry.
The functions of the IBA include among others, to grant, renew, suspend and cancel radio and television broadcast licenses.

Ex Zambia Junior International Herman Chilupe Dies

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Former Junior international and Forest Rangers midfielder Herman Chilupe has died.

Chilupe, 35, died in Ndola on Monday after an illness and was buried on Tuesday at Mitengo Cemetery.

At the time of his death, Chilupe was player-coach at FAZ Copperbelt side Neelkanth FC.

“Herman Chilupe was a childhood friend; we started football together and grew up together in Mufulira,” his friend Brian Chilando said in a tribute.

Chilupe played for Butondo Western Tigers, defunct Zamtel FC and Indeni.

“I was ahead of him in football but we related well. He was like a brother to me. The young man was good and humble,” Chilando, the former Nchanga Rangers and Green Buffaloes striker, said.

Chilupe’s peers were Jackson Mwanza, John Musukwa, Davy Kaumbwa and Jonas Sakuwaha among others.

Chilupe in 2013 scored four goals in one match when Indeni thumped Mufulira Blackpool in a FAZ Division One North encounter.

He represented Zambia at under-17 and national schools level.

Kitwe District makes it Mandatory to wear a mask before getting on Public Transport

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Kitwe District makes it Mandatory to wear a mask before getting on Public Transport

No person will be allowed to get on public buses and the congested Chisokone market in Kitwe without a mask, Kitwe District Commissioner (DC) Chileshe Bweupe has said.

Mr. Bweupe said this was one of the ways the spread of COVID-19 could be avoided in places where social distancing was a challenge.

“I have noted with concern that some bus operators on some routes have not reduced the number of passengers on their buses, posing a risk to people on board. People sit on those buses all squeezed up… a situation we cannot allow to continue,” he said.

The District Commissioner maintained that it was important for passengers to take the call seriously if they were to protect one another and manage to win the fight against the deadly virus.

Mr Bweupe said that he was holding talks with market association leaders to see how best they could ensure that everyone that got into Chisokone market had a mask on their face.

He noted that Chisokone was one of the most congested markets in the country with people from all walks of life, stressing that controlling the outbreak once it attacked the market would be difficult.

“Avoid going into that market if you do not have a mask, it is very dangerous because you may not know your neighbour’s movements. Let us protect one another by ensuring that we always do the right thing,” Mr Bweupe emphasized

Government hands over Buses and and Power Generators to Zambia Correctional Service Command in Kabwe

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Government hands over Buses and and Power Generators to Zambia Correctional Service Command in Kabwe

GOVERNMENT through the Ministry of Home Affairs has handed over 45 buses and 44 Power Generators to the Zambia Correctional Service Command in Kabwe of Central Province.

Speaking during the official hand over ceremony held at the Mukobeko Maximum Correctional facility, Home Affairs Minister Hon. Stephen Kampyongo said that President Edgar Chagwa Lungu wants to see a modernized and better equipped correctional service.

Hon. Kampyongo said since time immemorial the Zambia Correctional Service has been one of the departments that had been lagging behind in terms of modernized tools of work.

“Government has thought to procure these buses as a way of trying to cushion the Transportation challenge that has for a long time terrorized the Zambia Correctional service, as you may recall just last year alone in 2019 the Correctional service recorded two road traffic accidents involving both officers and inmates some of whom unfortunately lost their lives, and so it is against backgrounds like such that we have been able to procure these staff buses that we are handing over” Hon Kampyongo said.

Hon Kampyongo said that the 45 buses are part of the long-awaited vehicle consignment which the government had contracted Polytech a Chinese Company to supply.

“The Correctional Service is yet to receive 44 twin cabs, 20 tractors, 15 ambulances, 4 combine harvesters, and 3 bulldozers,” he said.

He said that as per contractual obligation Polytech is meant to supply 146 vehicles to the Zambia Correctional Service, stating that the correctional service so far received among others 7,000 combat boots, 5,000 rain coats, 3,000 riot kits, 5,000 brown shoes, and 500 black staff shoes.

“The Zambia Correctional Service has also received 5,000 t-shirts, 500 weather coats, 5,000 green Jerseys, 42,000 inmate uniforms and 44 Power Generators meant to boost the operation of the correctional services countrywide,” Hon Kampyongo said.

And on his part, Zambia Correctional Service Deputy Commissioner-General Lloyd Chilundika thanked President Edgar Lungu and his Government for Prioritising the needs of the officers and inmates in the Correctional service.

Commissioner Chilundika urged his officers to ensure that they guard jealously and maintain the condition of the Buses and other assorted items that have been delivered.

“Honourable as you return please go and Convey our gratitude and total loyalty to His Excellency the President of the Republic of Zambia our Commander in Chief,” Mr. Chilundika said.

Power generator control panel
Power generator control panel
Power Generators
Power Generator

MOPANI Mine Fiasco: Handle with Care

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MOPANI Mine Fiasco: Handle with Care

By Dr. Nevers Sekwila Mumba

Fellow Citizens,

The News coming out of the Copperbelt should make each and every Zambian to wake up and sober up.

Yesterday, Mopani Copper Mines (MCM) announced that they were proceeding with their plans to place the operations of the mining giant under “Care and Maintenance”.

In their statement, Mopani Copper Mines says it can “no longer continue its operations in a Covid-19-stalled environment as a result of the critical disruptions to international mobility, transportation and supply chains arising from COVID-19.”

At the same time, the Government of the Republic of Zambia, through the Mines Minister, Honourable Richard Musukwa, has issued an official statement rejecting this position and accusing the mining company of ‘fishing for reasons’ to shut down the mine against any legal provisions.

OUR CONCERNS

  1. As the MMD we have been in government before and we understand the implications that any disruption or threat to mine jobs can have on any Zambian government.
  2. We also appreciate the role that the Copperbelt and the the role which its underlying economic mood at any time plays in the political dispensation and we fully understand why the government would be quick to try and issue a warning to MCM in light of this.
  3. We equally take cognizance of the recent developments in the relations between government and the mines with specific mention here of the Vedanta Resources run Konkola Copper Mines which was forced into provisional liquidation, a dispute which has ended up in court and actively so, to this day.
  4. We also wish to recognise that before the onset of the COVID-19 pandemic, the mining industry has been, and remains a major source of Foreign Exchange in Zambia and its closure will have an immediate negative impact on our already deteriorating Exchange Rate which is just a few ngwees away from breaching the K20 to $1 psychological barrier.
  5. We also take full stock of the fact that our National Reserves, as held at the Bank of Zambia currently represent only about 1.4 months worth of IMPORT COVER. This means we have insufficient cushioning to sustain a stable exchange rate, as well as to cover for our critical imports including FUEL, OILS and GAS.

OUR POSITION AS MMD.

The picture that the above Five points paint is very gloomy and delicate.

We wish to advise and warn our colleagues in the Patriotic Government that they should not mishandle this matter or fall for the temptation to start playing politics.
Government must instead start to see this as an opportunity to change the negative image that they created in the international business community of being an intolerant government only out to re-nationalise the mines by force in the way they handled the KCM issue.

This time, we must choose to walk hand in hand with the Mopani management and find a way to keep all the 14,000 jobs despite the COVID-19.

To their credit, Mopani have also announced that 5,000 of their permanent Zambian employees, excluding management, will be sent home on their base salary. In addition, About 9,000 affected unionised contractor employees will receive an ex gratia payment. Employees and their dependents will continue to access health care and Mopani will remain committed to its corporate social responsibility projects.

To us in the MMD, this means that the mining company is willing to adopt a win win option where both company and employees survive as they try to deal with the obvious disruption the mining businesses all over the world are facing.

The greatest issues that require urgent government attention are not just the threat of COVID-19 itself, but the derivative problems that it presents as a result.

For example, we know that with China and South Africa still on lock down, most of the value chain including suppliers and manufacturers of spares, and mining consumables, the buyers themselves and the direct health threat on the Mopani Mine workers themselves are all real.

We urge this government not to fall for the temptation to start playing politics. This is a real issue and it can be resolved, but only on a round table.

CONCLUSION

This government must quickly rise above their crisis of fear. Fear that perhaps the Mines are only creating a false reason to cut jobs and blame it on a “FALSE MAJEURE” as one of the tabloids called it today.

The Mining Houses and the entire business community must also rise above their own fears that government is just out to get them and grab the mines by force. It is these fears that will hinder proper conflict resolution.

A win-win approach can bring about a solution that both keeps the jobs and helps the mines survive this turbulence.

A win win approach, anchored on dialogue, rather than fear, can help bring NEW HOPE to our people in the face of COVID-19 and its devastating effects.

Together we can, and Zambia Shall be Saved.

ZNBC workers have not been paid their March salaries

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ZNBC workers have not been paid their March salaries

The Zambia Union of Broadcasters and other Information disseminators ZUBID is concerned with the continued delays to pay salaries for ZNBC Workers.

ZUBID Secretary General Andrew Mpandamwike says efforts to engage management on the timely payment of salaries for ZNBC workers have reached a deadlock.

Mr Mpandamwike said what is worrying is that this trend of late payment of salaries has continued for a long time with no efforts from management to stop it.

Mr Mpandamwike said ZNBC workers have not been paid their March salaries and are now wondering when the April salary will be paid which is due in the next few days.

He said ZNBC workers are dedicated to duty and continue working under very difficult conditions and yet, management seems to NOT appreciate this.

Mr Mpandamwike said despite, their critical role we are playing in the disseminating information on the dangers of the Covid 19, ZNBC workforce feels demotivated by management inertia to pay salaries.

He said Management has also stopped paying for medical allowance, a clear abrogation of the collective agreement.

Mr Mpandamwike said in view of the hardships that the ZNBC staff is going through, We give ZNBC management a 24 hour ultimatum to pay our March salaries.

He said failure to pay the March salary by tomorrow April 09, 2020 will result in workers withdrawing labour

Mr Mpandamwike has since appealed to government through the Minister of information and Broadcasting Services to take keen interest in helping resolve the financial challenges ZNBC is facing.

Mopani Copper Mines is using the Coronavirus to cease operations in Zambia-Musukwa

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Mopani Copper Mines is using the Coronavirus to cease operations in Zambia-Musukwa

Mines and Minerals Development Minister Richard Musukwa has accused Mopani Copper Mines of using the Coronavirus to cease operations in Zambia.

Mr Musukwa says the reasons advanced by Mopani today for placing its mines in Kitwe and Mufulira under Care and Maintenance are very inconsistent with what they said yesterday in a video conference which they had with the Authorities.

The Minister has since urged Mopani Copper Mines to rethink their decision to place the Nkana and Mufulira mines on care and maintenance and open dialogue to find solutions to the challenges they are facing.

Mr Musukwa said government was open to dialogue not only with Mopani but other mining companies on the challenges they may be facing in their operations.

Speaking on Capital FM in Lusaka, Mr Musukwa said Government cannot allow arbitrary closure of the two mines but can at the moment only entertain scaling down of operations by the mining company.

He said Mopani Copper Mines is hiding under the cover of COVID-19 to cease operations in Zambia and has challenged them to be transparent and clearly state why they want to put their mines on care and maintenance.

Hundred of Mopani miners were this morning sent back home after management proceeded to placing the mine on care and maintenance.

Mopani Copper Mines General Manager Colyn Farr met the miners who were in the morning shift and advised them to return home.

Mr Farr then proceeded to issue letters to employees, sending them on mandatory leave.

The letters issued by Mopani Copper Mines Human Resource department to employees indicated that workers will be paid their basic pay and housing allowances for at least 3 months and are not allowed to take up full time or formal employment elsewhere while leave days will not accrue during the period they will be home.

Intercontinental Hotel Lusaka shuts down, close to 200 workers sent home due to Covid-19

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Intercontinental Hotel Lusaka shuts down, close to 200 workers sent home due to Covid-19

Inter-Continental Group of Hotels has officially written to the Ministry of Labour and Social Security on its intentions to shut down its operations and send 180 employees home due to the outbreak of Covid-19.

The Zambia Unified Union of Tourism and Hospitality says the Hotel has already sent the 180 workers on forced but paid leave in view of its decision to shut down its operations as a result of the coronavirus outbreak.

Union General Secretary Emmanuel Kapopo says he is hopeful that no worker will completely lose their employment after further engagement with management, government and the Unions in the industry.

Mr Kapopo said the Hotel management, government and the Union are expected to hold a meeting this week to discuss the way forward.

And Mr Kapopo has called on government to heed to the calls from the Livingstone Tourism Association to waive the tourism levy and other taxes as a way of cushioning the operations in the industry.

FIFA Issues Player Status Guidelines During Covid-19 Outbreak

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FIFA has issued official player status guidelines to member associations’ that have suspended their domestic competitions due to the Covid-19 pandemic.

The guidelines also include temporal adjustments to the release of players for official matches during the International Match Windows from March and April heading into the next match-week in June.

FIFA has stated that due to the unique nature of prevailing situation, that has seen member associations (MA’s) postpone domestic and continental club competitions; transfers and ongoing loan deals of players shall be determined by the subsequent conclusion of the current seasons after the respective lock-downs are lifted.

“Where an agreement is due to expire at the original end date of a season, such expiry be extended until the new end date of the season,” FIFA stated.

“Where an agreement is due to commence at the original start date of a new season, such commencement be delayed until the new start date of a new season.

“In the event of overlapping seasons and/or registration periods, and unless all parties agree otherwise, priority be given to the former club to complete their season with their original squad, in order to safeguard the integrity of a domestic league, member associations competition and continental competition.”

FIFA has also clarified that all players whose contracts have been terminated due to the Covid-19 pandemic are free agents.

“As an exception to article 6 paragraph 1 of the FIFA Registration, Status and Transfer of Players, a professional whose contract has expired or been terminated as a result of COVID-19 has the right to be registered by an association outside a registration period, regardless of the date of expiry or termination,” FIFA stated.

Zurich also encouraged all member associations and stakeholders to try where possible to resolve all contractual disputes arising from the Covid-19 fallout, internally.

FIFA also asked clubs to ensure the financial adjustments brought about by the pandemic should still be of economic value for their players and staff.

Meanwhile, FIFA has said it will confer with respective confederations on resumption of international men’s, women’s, and futsal competitions that have been postponed to later dates in 2020 or rescheduled to 2021.

“On 13 March 2020, the Bureau of the FIFA Council decided that the rules which normally oblige clubs to release players to association teams will not apply for international windows in March and April. The core decision was that:

-Clubs are not obliged to release their registered players to association teams.

-If a club agrees to release a registered player to an association team, the player may decline the call-up.

-Any such decisions shall not be subject to disciplinary measure

– If a player is unable to resume duty with their club by the relevant deadline due to COVID-19, the association and/or the player shall not be subject to any future restrictions or disciplinary measures.

-The following international windows are subject to this decision:

-23-31 March 2020 (men’s international match calendar),
-6-15 April 2020 (women’s international match calendar),
-6-15April 2020 (futsal international match calendar).

“On April 6, 2020, the same decision was rendered by the Bureau regarding the next international window in June 2020 (1-9 June 2020, men’s international match calendar – 1-10 June 2020, women’s international match calendar).”

Mopani miners sent back home as mine is placed under care and maintenance

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Mopani miners sent back home as mine is placed under care and maintenance

Hundred of Mopani miners were this morning sent back home after management proceeded to placing the mine on care and maintenance.

Mopani Copper Mines General Manager Colyn Farr met the miners who were in the morning shift and advised them to return home.

Mr Farr then proceeded to issue letters to its employees, sending them on mandatory leave.

The letters issued by Mopani Copper Mines Human Resource department to employees indicated that workers will be paid their basic pay and housing allowances for at least 3 months and are not allowed to take up full time or formal employment elsewhere while leave days will not accrue during the period they will be home.

And Mine Workers Union of Zambia President Joseph Chewe addressed the miners and encouraged them to meet at the Mopani central offices tomorrow morning to pressure management into addressing their concerns.

MUZ President Joseph Chewe addressing Mopani miners in Kitwe
MUZ President Joseph Chewe addressing Mopani miners in Kitwe

Mopani miners waiting to be addressed by union officials
Mopani miners waiting to be addressed by union officials
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