Message Jeu 11 Juin 2015 21:09

Buy ZCCM-IH shares -Tembo

Buy ZCCM-IH shares -Tembo
June 11, 2015 | Filed under: Business | Posted by: ZNBC User

Brian tembo LuseB

The Lusaka Stock Exchange -LuSE- says Zambians should buy the remaining 28 million shares government will offload in Zambia Consolidated Copper Mines Investment Holding -ZCCM IH.

LuSE Chief Executive Officer, Brian Tembo says this is an opportunity for Zambians and Zambian institutions to own part of the countries natural resources.

Mr. Tembo said this in an interview with ZNBC’s Brian Mwale in Lusaka.

He says government has in fact complied with a LuSE regulation requiring listed companies to sale 25 percent of their shares to the public.

Government is selling 27 percent of its 87.5 percent shares in ZCCM-IH to the public.

Mr. Tembo says listed companies that have not yet met this requirement have upto the end of June,2015 to show how they will comply with the regulation.

Some of the companies that are yet to comply include Zambia Sugar, British American Tobacco Zambia, Standard Chartered Bank, Zambian Breweries, Airtel, and Pamodzi PLC.

On Tuesday Government sold 15.8 million shares in ZCCM -IH to NAPSA at a cost of 571 million Kwacha.