Banking, Finance, Lafarge, Taj Pamodzi Hotels PlcMay 12, 2017

The Role of the Auditor in the Corporate Governance of Zambian Premier Companies
This year’s Zambia Institute of Chartered Accountants (ZICA) elections were the most exciting albeit much anticipated in the financial sector. The elections ushered in a seasoned bean counter in Jason Kazilimani as its new president, and we believe that he and his KPMG team will be an exemplar in the game “auditing and compliance” in […]

Construction, LafargeApril 24, 2017

Lafarge a Marris Type Player in 2016
When Dangote cement entered the construction value chain, we knew that incumbents were now faced with a formidable near rival who was (and still is) a Baumol player. A Baumol player is a company that possesses a management team that is keen on maximizing market share and revenue growth. It was clear when we conducted the 2015 review on […]

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Lafarge, RetailApril 11, 2017

Zambian Industry Analysis
The Financial Times of Zambia is proud of the work it is engaged in. We have observed that many non-premier companies (of the SME flavor) in Zambia enter markets without understanding some of the factors that influence a firm’s profit potential. This can only be determined by assessing each industries profit potential because the profitability […]

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Finance, LafargeApril 6, 2017

Hello 2017! But Wait. Why a Stoppage of Trade on Lafarge Security?
After enjoying a brief hiatus over the festive season that was laden of copulas amounts of all manner of hedonistic treats, we clicked on the Lusaka Stock Exchange’s lead story of a trade suspension ergo “SUSPENSION OF TRADING IN LAFARGE, ISIN ZM0000000011”. Now before all the Christmas pudding you eat starts to dissolve quickly due […]

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Lafarge, RetailApril 6, 2017

Lafarge Enters Cement Wars – A case of mixed fortunes
The years 2013 & 2014 will be remembered as the vintage years for the cement company. If you held stock in the company you would have enjoyed your highest dividend to-date at a whopping EPS of 2.12 in 2014. However this has cooled to lower than its 2012 eps albeit still in its expected range. […]

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Energy, ZAMEFA PlcMarch 26, 2017

Why Everyone Loves Using ZAMEFA Cables
The ubiquitous preposition by many that are currently or have built is that ZAMEFA provides the best copper cable for doing the electrical wiring for all construction projects. Some even argue that City Center is the best place to get original “ZAMEFA”. Little did I know that this company based in Luanshya is actually owned […]

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Finance, ZAMEFA PlcMarch 9, 2017

ZAMEFA – Looking East For Value
The electrical cable company has been in transition over the last 6 months. General Cable, its former parent company successfully offloaded 75.4% shares to Reunert International Investments (Mauritius) Limited (listed on the Johannesburg Stock Exchange). According to their Managing Director, Rosetta M Chabala, this was a significant turning point for the company in 2016. She […]

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Finance, ZAMEFA PlcMarch 8, 2017

ZAMEFA – 2016 Half Year Review
In part 3 of our project to bring you insights into value creation by some of the elite companies in Zambia, we had the opportunity to interview the CEO of ZAMEFA in July 2016. Coincidently, Rosetta Chabala was celebrating a fantastic half year performance by the company. The exclusive of the interview will published soon. […]

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Construction, LafargeMarch 6, 2017

Lafarge 2016 Half Year Review
When we reviewed the 2015 annual performance of the only cement player on the LUSE, we indicated that they were in a price war with a player who had aggressive intentions of growing market share through using low prices and controlling or incorporating components of the vertical chain of cement distribution unlike incumbent competitors. As […]

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Airtel Networks Plc, Lafarge, StrategyMarch 6, 2017

How to Fight a Price War in Zambia
Entering into a price war is usually a distant thought for the average Zambian entrepreneur. On the one hand, some often chose to ignore it and face certain doom over the long run (evidence from small businesses that have closed down due to failure to compete on price). Others on the other hand, chose to […]