Economy

Vedanta should have gone a long time ago, says HH

UPND president Hakainde Hichilema has said his party has been categorical and consistent that Vedanta should have gone a long time ago due to clear breaches and violations of numerous contractual agreements and obligations with the Zambian people.

In a statement, Hichilema stated that there is lack of proactive actions to address key issues.

“We have been very categorical and consistent that Vedanta should have gone a long time ago due to clear breaches and violations of numerous contractual agreements and obligations with the Zambian people. Like we stated before, the Zambian government is fully represented in the KCM board through ZCCM-IH appointed by the PF regime and were fully participating in the daily operations and the management of our mining giant. To that end, ZCCM- IH obviously updated the PF and State House on an ongoing basis on the state affairs in KCM, but they took no action,” Hichilema stated today.

He stated that the government was not serious in addressing issues affecting  employees at KCM due to personal benefits.

“We have no doubt that the lack of proactive actions that would have averted the ongoing crisis was motivated by personal benefits that the top PF leadership were enjoying from the ailing KCM at the expense of employees, contractors, citizens on the Copperbelt and the country at large. We are aware and have been advising our PF colleagues on many other challenges being faced by our citizens in other mining houses such as Mopani, NFCA, Luanshya Copper Mine and many other public entities, but as per usual incompetence, nobody wants to take proactive interventions,” Hichilema stated.

“Our social media platforms inboxes are full of complaints from our citizens requesting us to intervene, but our people should know that we don’t hold any executive powers at the moment, and the least we can do is merely offer advice and alternative solutions. Ultimately, the real power lies in you our fellow citizens to determine the governance of our country, by either continuing with the same mediocrity and incompetence, or change the course of action. The power is firmly in your hands.”

He, however, feared that the mishandling of the repossession of shares owned by Vedanta in KCM would have wider implications for the country.

“But we should all know that the ongoing mishandling of KCM and other mining houses has wider and long term implications for generations to come. Already, we are paying a heavy price over the manner we mismanaged LapGreen and generally the entire economic situation such as heavy massive borrowing from expensive windows like the Eurobonds. The unfortunate thing is that some of the people who claimed to be patriotic citizens and put us in this huge debt burden and economic mess are no longer there, but we are all paying for their mismanagement,” stated Hichilema.

24 Comments

  1. mango

    Why are most Zambians supporting this failed govt?

    • Kenner

      Those are the sentiments, we were waiting for. Plz. Continue President Hakainde.And kindly sensitize your general membership against tribal and regional politics, I can tell you KK wasn’t a fool to have thought of “one Zambia, one nation “.

  2. Daniel Banda

    Muvwi woyang’anira siuchedwa kugwa mumaso. Watching the arrow falling until it hits the eye.

  3. Mr we want change

    I think my name has said everything.

  4. mango

    Zambians please wakeup and redeem your country from these thugs. What will remain for generation to come if these thugs are allowed to rob the country at will? Attorney General is also a misfit. Why go to appeal if you dont recognise SA rulling? Late Micheal Sata summarised it well that “Educated people are the waste cowards”. This is true becoz Zambia is now led and controllef by the uneducated fools.

  5. clint

    Problem in zambia we don’t unit thus why and mostly our leaders who are in taking this zambia are not zambian,why please we need a credible leader in our zambia only HH

  6. Moses Mwamba

    It is true indeed. Why go and appeal in SA court when you don’t recognise their ruling. Zambia is a sovereign State period. Secondly, I don’t understand how a listening govt can allow an investor to get 79% to 21% for its citizens. As Zambians we were getting peanuts. What a shame! Let them pack their bags and do a quick match to their country.

  7. Winnipeg Nyirongo

    Wow! Wow! Wow! Those are the wise words from our Economic Teacher in Zambia!!! Those who have ears let them hear from what HH is saying and those who don’t have ears let them ignore him. But the truth of the matter is that we common are the ones who are suffering terribly at the expense of the rich people and by choosing leaders blindly !!!! Thanks HH

  8. Winnipeg Nyirongo

    Common Zambians are suffering terribly at the expense of the rich people.

  9. Dog bite

    Yes now tell us who benefited and what benefits were the getting pf consists of all Zambians so tell Zambians the names of those who are involved we don’t want cheap politics to fool people you know them if you don’t tell us then you are s coward

  10. john

    that’s true,wakeup ba people

  11. BBW

    That’s very true… HH is a shareholder at AVANI Hotel formally SUN international Hotel in Livingstone… Have u ever heard Citizens losing Jobs..

  12. Hev rena

    Let’s salvage this country fellow Zambians before it becomes another Zimbabwe or Venezuela.Enough of mismanagement on the part of PF!
    !

  13. Wise me

    We

    • Wise me

      The bad news is that there are economic problems in Zambia alright. The good news is that only God has the answer.

  14. Mpemba Nkule

    Docile ZAMBIANS! You are dead without money mwana Mayo?

  15. Jms

    IMPEACHMENT

  16. GEZMO

    With proper checks and balances on the current govt,we are granted of a better zed,nw the problem is when u thnk u cn alone control and deliver zed alone,we stand as one and work as one,sir or mister HH,Itx only when ur release that zed a group of pipo nt jst one,2 develop & prodactive work 2wards one goal that z changing the majority mindset on projects that will benefit zambians and nt a few,personal attacks and thnking that u are the only one who cn deliver and improve zambia and zambians lifes iz a whte lie

  17. Ivin Chibanda

    But these companies where sold way back before PF formed government. Alot of opposition leaders even benefited from the sale of these companies. Lets just clean house and move forward. This is time to put Zambians interest first instead of politicking!!

  18. Ben d

    Well said mr president,we have tried times to advise the pf govt but they are noway to listen,hence they claim to be a listening govt-anyway thats in there own imagination.2021 am your side mr president!

  19. rkantu

    Surely how come we could not remember that the “liquidation” is not the right way to solve this problem, given the fact the original agreements stipulate that shareholders should go to an arbitration court on such matters.Warnings given by various stakeholders over this issue but were blatantly brushed aside.Why are people being misled into believing that the JHB judgment has no effect in Zambia? Have we lost documents pertaining to the agreements originally signed between shareholders? If the answer is no ,then let us behave professionaly by letting ZCCM-IH and their legal team do the right thing by sticking to previous agreements so that we can avoid further depletion of our already empty treasury.

  20. Chilongezo

    We need change in this country

  21. Pelekelo

    It is not supporting! If you can’t beat them, join them! Twapengenda!

  22. Hangwende

    Patience pays .Toralance BA muntu

Comments are closed.