“New Dawn Government is a Sham” -ZCCM-IH Minority
Where are President Hichilema’s fine promises?
1. Strong commitments and promises
In his:inauguration speech at the National Heroes Stadium on 24 August 2021, President of Republic of Zambia Hakainde Hichilema made commitments to the Zambian people and the stakeholders on a number of points, some of which are of particular interest to us :
●We are determined to free our country from the ills of mismanagement and malpractice
and promote that which is better (…)
●The days of political interference in public institutions and parastatals are over (..)
We need morality, integrity and accountability In the Spring of 2020, Candidate Hichilema Hakainda’s spokesperson Anthony Bwalya contacted me to find ouit the views of minority shareholders on the various issues surrounding ZCCM-IH, Such as gold mining and copper mines, etc… We had a lot of discussions.
Few weeks before the 2021 presidential elections, he wrote to me.For the record, we will be looking to strengthen our partnership with the minority shareholders as the UPND government to ensure its run as a
completely independant entity the governance independence of ZCCM-IH is a key.
2. The fine promises went up in smoke
For more than three years, we have witnessed incomprehensible non-business decisions in the management of ZCCM-IH and the resignation of our esteemed Chairperson Dolika Banda amid rumours of political interference.
It is with bitterness and anger that we recently obtained proofs of this political interference with the dismissal of the competent Chief Legal Officer and Chief Investments Officer of ZCCM-IH orchestrated by IDC CEO Cornwell Muleya and Cabinet Secretary Patrick KANGWA, as stated in the documents sent to the court.
Do individual investors from Zambia, but also from many other countries, have to put up with the deplorable Zambian habit of finding good places for one’s mbuyas’ or tribal cousins ?
Certainly a position as head of department at ZCCM-IH is a position that makes many envious. our case, Unfortunately, of all this Zambians. detestable habit never considers
” the interests “”CICo1 0” of “e the company company and and therefore. therefore, in
What is more, once such a clique is in place, it will be easy to milk the cow.
Let us not forget their motto: It is our time !
The rights of both Zambian and international minority shareholders are being totally flouted. We are extremely surprised and shocked that the decision and pressure could have been imposed by the highest level of government, namely Cabinet Secretary Patrick KANGWA.
Clearly the promises have not been kept.
Where are the President’s fine promises of non-interference?
Is the so-called ‘new dawn govenment’ finally nothing more than a sham ?
President Hichilema must keep his promises and political interference must stop.
A company listed on three international stock Exchanges cannot be subject to bad eggs
whose actions are contrary to the interests of its shareholders, in particular the Zambian
people.
Issued_by :
Thierry CHARLES
President of ZCCM Defense
16 March 2025, FRANCE
zccm.ih.shareholders@gmail.com
Everyone can see how tribal he is.
When one is used to milking cows, he will also milk the country.
The man has failed miserably, and only his relatives, anda few of his misguided tribesmen, are supporting him now.
The author, Thierry Charles is highlighting exactly what I keep banging on about.
Reject tribalism, corruption and oppression.
Vote wisely in 2026.
Yes, IdiotTyrol. Your tribalism is its usual boring brand of foolishness. Buy yourself a cow because you are soooo jealous.
All the issues above? We are much better of today than under the thieving incompetence of the previous government. Unfortunately, we are also in a global economic downturn and the UPND government has to work even harder to achieve results. But they are making progress and are transparent about where money is going.
HH is NOT like Lungu, who was buying houses for his girlfriends with public resources.
This man is very critical of a Zambian owned institution. He is only a minorty shareholder who seems outspoken. Is he the only one? Where are the other shareholders? They dont have mouths? Is he hoping to speak his way amd control Zambians?
Rwanda today expelled and closed the Belgian embassy. Why? People trying undermine the destiny of a nation. Do we go to France and tell them what to do or how to run their companies? We have also just read, the courts issue a writ of “fifa” after due process was followed when KCM failed to adhere to their agreement. So ba investor, you want to have a say in the discipline of staff? Why not increase your shareholding in ZCCM? Is that not the way you really have a say in the running of an institution? Stop trying to think without your investment in ZCCM, ZCCM will close. ZCCM was there before you bought shares in it. It will be there after that.
If you are not happy with the way a Zambian majority held shares public institution is being run. Sell your little shares and get lost. Zambia has courts and if those fired formers of staff, have cause. Let them exercise that right. These are not elective positions for you to think you can talk and discredit executives from their functions. They are employed by management, and follow the direction of the board. You have not earned your right to have a say and unless some criminal act has been committed. This isnt the appropriate place to air such a grievence effectively. Law enforcement agencies and the courts, is where we sort out issues. This sir, isnt the first time we have seen your write non sense, you feel insensed about. Stop trying to think writting a series of accusations in the administration and the previous will unsettle Zambians to follow your emotional outbursts. Those people know and understand their rights, let them excerise their rights without a handler speaking for them like they are little children. You are only deminishing the picture of the very institution you say you speak for. And washing what you think is dirty laundry in public is said to be bad practice in your own culture. And if you uphold bad cultural practices, that you were taught. Why come here and seek to keep us bad manners? Why does that? Am sure the French would hardly look to such a person for advice. Baiting is a bad habit.
Thierry Charles ni Muzungu opusa. Don’t be surprised because there are equally some whites who are very dull and foolish. First and foremost, ZCCM-IH has a Board of Directors and other Technical Directors who run the Compony. At the end of each financial, these people have AGMs where reports are given to the Board and there are any profits, dividends are declared and the share holders are given the money. Those are independent activities which have nothing to do with the president. So how can this foolish white man start asking the president for his shares instead of asking the Board? Kutumpa uko, this is Zambia and not France, let him withdraw his shares if he is not getting anything, who forced him to buy shares in the first place? Is it Hakainde who forced him? Me I bought shares in a certain company about eight years ago but so far no dividends have been declared all this time and those who feel it’s unprofitable to invest in such a company have either withdrawn or sold their shares. Thierry Charles can do the same instead of publicly questioning and embarrassing our hardworking president, we shall not allow that.