Firms should not elude paying taxes on pretext that price has reduced. The price of copper on the international market should not be used as a yardstick for measuring the performance of the mining sector in Zambia.
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Reduce clearance time at borders, State agencies told
MINISTRY of Commerce, Trade and Industry Permanent Secretary Mushuma Mulenga has urged Government agencies to reduce clearance time of cargo at various borders to facilitate trade and ease of doing business. Mr Mulenga said: “The average clearance time for imports is now seven days, one hour and 36 minutes, an improvement in comparison to the times when imported goods took weeks to clear.” Launching the Chirundu time release study report last week, Mr Mulenga said there is need to improve the process to meet international standards with an average clearance time of five hours.
How Eskom’s New CEO Wants to Fix South Africa’s Troubled Utility
Andre de Ruyter knew well the adversity he faced at South Africa’s power monopoly — a state-owned wreck hollowed out by corruption that struggles to keep the lights on, pay its bills and play ball with a unionized workforce. “I don’t think I was under any illusion that this wasn’t going to be a very challenging job,” De Ruyter said in an interview nine months into his tenure as chief executive officer of Eskom Holdings Plc. So when De Ruyter got to work as the 13th Eskom CEO in the past decade, he went after one foolproof success. He ordered up a new paint job for the main board room at Megawatt Park, the utility’s brutalist-style headquarters in suburban Johannesburg. “It was dirty and it looked shoddy,” he says. “I’m meticulous. I want to do things right.”