Comments on: Scraping of FirstRand Deal Fuels Zambian Currency Slide

By: atase

atase — Wed, 05 Oct 2011 14:27:53 +0000

Always trying to dance kulu bamwisa! Please it is time ukutwibila stopped! $5.4 million for a company? You guys are very blind.

By: kamwendo

kamwendo — Wed, 05 Oct 2011 00:26:10 +0000

Faizal Moolla, a banking analyst at Avior Research. “However, it was a small acquisition so it would have not had a dramatic impact on FirstRand’s African strategy. But it is a bad precedent and leaves a bad taste.”

So what’s the Buzz, if its such ” a small acquisition???” We are waiting for the truth to be told!!!!

By: Harry Mwaanga and Mwansa Kapwepwe

Harry Mwaanga and Mwansa Kapwepwe — Tue, 04 Oct 2011 21:03:18 +0000

Awe mwandi kutambakofye, just watching on the sidelines.

By: Man Child

Man Child — Tue, 04 Oct 2011 16:35:52 +0000

Whether kwacha gains or not there is no benefit on the common man. Prices of essential commodities are always the same. During Dr Chiluba kwacha gained it was less than 3pin a dollar but basics such as mealie meal, cooking oil, etc remained on the same prices. Only international traders benefitted.. GO GO GO GO GO Mr President Sata…..Go go go go go go go go go g o go go

By: Braggadocio

Braggadocio — Tue, 04 Oct 2011 16:31:01 +0000

@92 Firstrand employees evaluated FBZ assets for me this is were the corruption begins they had insider information and i guess what they found was too good such that they took a gamble at a time we were having elections cos any serious investor would have waited until after elections

By: Ba Nkupi

Ba Nkupi — Tue, 04 Oct 2011 16:25:18 +0000

Fluctuations are always there as investors become jittery in face of critical decisions. Its temporal and things will get back to normal when the waters calm down soon.

By: MONEY IN THE BANK

MONEY IN THE BANK — Tue, 04 Oct 2011 16:11:32 +0000

Who evaluated FBZ assets and come to a conclusion that it should be sold at K 27 Billion….this sounds like a serious case of getting back at someone….why was RB trying to destroy peoples lives because of revenge, can you imagine how many people would have lost their jobs, these infestors dont even bother to put up serious infrastructure, they only come here to rent old buildings…no wonder this was a deal they could not resist ….and i dont think FNB has serious advisers…they thought this issue will be swept under the carpet after MMD wins… VIVA SATA.

By: Objective

Objective — Tue, 04 Oct 2011 15:54:44 +0000

Some bloggers are using academic economic jargon to hood wink the things that need to be corrected in Zambia. Were these bloggers happy with the status quo? Should have Zambia continued with the 80% unemployment? Increase their debt when the countries debt was recently cancelled? Get peanuts out of copper exports to a point that they can’t divert their economy? Continue selling a major bank for only $5.4 million when people know it is worth much more? Oh , I forget take a prominent established company like Zamtel and sell it to the Libyans who have an unstable country?.Investors prefer to work or invest in an environment where there is order and accountability. In the long term it keeps their investments safe as the work ethics and culture is improved and fears the law.

By: Don chilu

Don chilu — Tue, 04 Oct 2011 15:42:56 +0000

Did any of the blogers attend the signing ceremony as is the norm for such transactions? When president says the are no documents for the sale of the bank a fool starts asking if the president had investigated. Investigate what transaction if I may ask? Things have changed bane meaning he won’t waste his time and peoples money holding seminars, workshops or committees over straight forward issues

By: good 4 mi

good 4 mi — Tue, 04 Oct 2011 15:42:14 +0000

good news . . .i hope its continues slidding upto say K7,500=$1 or even doubling to @ K10 grand/$. I need more Kwacha more in my pocket when i come for Dec holiday. After that it can go back to K5 pin /$