A company that earns income from the payment of dividends, rent or interest is called an Investment Holding Company. The investment holding company does not produce goods or offer services itself, and instead acts as a holding company by owning shares of other companies. One example of an investment holding company is a ZCCM IH. […]
In their last act for 2018, ZCCM IH managed to deliver the SENS announcement (published on 28th December 2018) that would reveal the investment group’s half year performance. This was on the back of a big announcements made in the weeks following up to this moment when the company declared that it had increased interests […]
PRESS RELEASE In accordance with Section 3.4(b) Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of ZCCM – Investments Holdings PLC (the “Company” or “ZCCM-IH”) hereby advises the Shareholders of the Company that the Earnings Per Share (“EPS”) for the six-month period ended 30 September 2018 is expected to be approximately 476%
ZCCM IH’s impresario, Dr Pius Kasolo, has made no secret of the fact that he wants to grow his investment company’s group portfolio. That is why the press team at Financial Insight were not surprised when the invitation came for the attendance to the signing ceremony of the Financing Agreement Contract (FAC) at their office […]
Shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) are referred to the announcement dated Friday, 3rd August 2018, wherein the shareholders as well as other market participants were informed that Ndola Lime Company Limited (“NLC”), an investee company of ZCCM-IH, continues to be in financial distress. ZCCM-IH has over the past 10 years […]
PRESS RELEASE On 7th November 2018, ZCCM Investments Holdings Plc (ZCCM-IH) acquired an additional 50% shareholding in Kariba Minerals Limited (KML) which is Zambia’s largest Amethyst mine. This acquisition means that ZCCM-IH now owns 100% shares in KML. The shares were acquired from Gemfields Limited at a total consideration of US$2,500,000. The completion of the […]
When we published “The Achilles Heel in ZCCM IH’s Armory”, we decoded signals of an investment in peril. The ZCCM IH 2017 annual report and other SENS announcements were very clear that Ndola Lime was a problem child. A recap of published information on SENS shows the critical time line of official announcements coming out […]
ZCCM Investments Holdings Plc would like to dismiss and refute claims circulating on social media that Ndola Lime Company Limited (NLC) is being sold by ZCCM-IH. These claims are unfounded and false. The position is that two former NLC employees applied to Court to place the company under supervision pursuant to the Corporate Insolvency Act […]
PRESS RELEASE Minister of Mines and Minerals Development Hon. Richard Musukwa says for Zambia to continue attracting foreign direct investment in sustainable mining projects, it is important to reduce the risk that comes with mining investment by making sure that the investors have access to adequate geological information. Speaking at the ongoing 5th annual International […]
Recently, I was in attendance at the President’s Luncheon held at Lusaka’s up market restaurant, The Horse Shoe (“a stylish restaurant located in a cool and calm environment at the former Polo Grill premises” according to thebestofzambia.com), hosted by ZCCM IH and Stanbic Bank. This was the first event that I would have the chance […]
Finance
