FDD president and Sata’s ally Edith Nawakwi has denounced the PF government’s approach in removing subsidies on maize and fuel. She was speaking in an interview with Joy FM.
And the government has dared the mining companies to go if they fail to run business, saying the government has capacity to run the mines, but themove has received mixed feelings by investors and other economic analysts, who have warned of massive job losses.
Nawakwi said the move lacked compassion and objectivity and has no level of humanity but was aimed at covering up the bloated PF government’s expenditures as a result of selfish and induced bye elections to satisfy ailing dictator Michael Sata’s motive to amass two-thirds majority in parliament.
She said the budget implementation has failed and the PF wanted to cover up the huge hole that has been created by what she called a ‘very visible item’ as unending bye elections.
The FDD leader said, contrary to the PF’s slogan of ‘lower taxes’, what the government has done is to infact add a tax on fuel and will have devastating results such as Konkola copper mines’ (KCM) action to lay off 2,000 people due to increased costs of production.
Meanwhile Mines minister Yamfwa Mukanga has warned mining companies that they should not think the government has no capacity to run the mines if they decided to leave in view of the harsh business environment espoused by the PF.
Speaking in an interview at the Copperbelt Mining, Agriculture and Commercial Show in reaction to KCM’s intention to lay of about 2,000 workers, Mukanga said the government had full capacity to run businesses and mine houses effectively if investors decided to leave.
“We should not be pushed too far, KCM will not retrench and is sitting down with government…. we expect the mining houses to follow suit and dont want any surprises on this,” charged Mukanga.
But Chamber of mines general manager Fredrick Bantubonse said if KCM is not allowed to continue operating profitably, the country may end up losing over 20,000 jobs (those employed directly by KCM and those employed indirectly through contractors).
Sources have told the Zambian Watchdog that there has been a deadlock over the 2,000 miners planned for retrenchment by the mining giant.