Loading...
Frequently asked questions 2017-02-13T05:16:29+00:00
What does one have to do to be registered with ZCCM-IH procurement division if we want to apply for tenders for the provision of products and services? 2017-02-13T05:16:44+00:00

ZCCM-IH is a parastatal company and therefore its procurements are governed by the Public Procurement Act (PPA) of 2008 No. 12 and the Public Procurement Regulations of 2011 (SI 63).

The Act is the law relating to procurement so as to ensure transparency and accountability in public procurement; regulate and control practices relating to public procurement in order to promote the integrity of, fairness and public confidence in, the procurement process; repeal and replace the Zambia National Tender Board Act, 1982.

The governing Authority of this Act is the Zambia Public Procurement Authority (ZPPA) and shall be an independent regulatory body with responsibility for policy, regulation, standard setting, compliance and performance monitoring, professional development and information management and dissemination in the field of public procurement. More information can be obtained at www.zppa.org.zm or visit their stand.

The Qualification Information and Bidding forms to be submitted are as follows:

1. A must have

i) Valid Tax Clearance Certificate;
ii) Company Certificate of Incorporation;
iii) Valid NAPSA Compliance Certificate;
(iv) Valid Workers’ Compensation Fund Board Compliance Certificate;

2. Additional depending on the type of procurement

(v) CEEC Registration Certificate;
(vi) Current Practising License (for specialized jobs/consultancy)
(vii) VAT Registration Certificate.
(viii) Engineering Institute of Zambia (EIZ) Certificate (for construction jobs)
(ix) National Council for Construction (NCC) Certificate. (for construction jobs)

What legislation, rules and regulations govern ZCCM-IH on the Lusaka Stock Exchange? 2016-06-10T12:22:43+00:00

Please refer to this page on the Lusaka Stock Exchange website

What are the contact details for the Central Share Depository Department in Zambia? 2016-06-10T12:21:51+00:00

CSD Manager:
Mr. Christopher Nyirongo
nyirongoc@luse.co.zm

Extension Line: 106

CSD Senior Assistant:
Mrs. Seko Chibanje
schibanje@luse.co.zm

Extention line: 114

CSD Assistant:
Mr. Sondo Musona
sondo@luse.co.zm

Extension line: 110

Tel: (+260 211) 228391, 228537/94

The Central Depository Rules may be downloaded here

What are the various taxes involved in trading shares on the Lusaka Stock Exchange? 2016-06-10T12:19:18+00:00

Please refer to the Lusaka Stock Exchange website

How can I contact stockbrokers on the Paris Euronext Stock Exchange? 2016-06-10T12:17:38+00:00

Please refer to the following link

Who is the PR Officer of ZCCM-IH? 2017-04-07T12:58:21+00:00

Mrs Loisa Mbatha-Kakoma
kakomal@zccm-ih.com.zm
Phone: +260 211 388 000
Fax: +260 211 220727

How can I contact the share registrars / transfer secretaries for ZCCM-IH? 2016-06-10T12:15:17+00:00

Corpserve Transfer Agents Limited
6 Mwaleshi Road, Olympia Park
P O Box 37522
Lusaka 10101
Zambia

Phone: +260 211 256969/70
Fax: +260 211 256975
Email: +info@corpservezambia.com.zm

Who is the Investor Relations Officer of ZCCM-IH? 2017-04-19T09:23:48+00:00

Bwalya Chiti
chitib@zccm-ih.com.zm
Phone: +260 211 388 000
Fax: +260 211 220727

How can I contact the Company Secretary of ZCCM-IH? 2017-04-07T13:05:43+00:00

Mr Chabby Chabala
cchabala@zccm-ih.com.zm
Phone: +260 211 388 000
Fax: +260 211 220727

Who are the UK registrars of ZCCM-IH? 2016-06-10T12:13:10+00:00

CAPITA IRG PLC
Bourne House
34 Beckenham Road
Kent BR3 4TU
England
Phone: +44 (0) 870 162 3100.
Fax: +44 (0)20 8639 2342

Where can I find additional information on ZCCM-IH’s investee companies? 2016-06-17T10:57:18+00:00

Please visit the “Our Structure” page where the ZCCM-IH portfolio can be viewed, consisting of the respective investee companies’ brief descriptions and respective website pages from which additional information may be obtained.

How does one buy ZCCM-IH shares from the London Stock Exchange or Paris Euronext Stock Exchange and sell them on the Lusaka Stock Exchange? 2016-06-10T12:11:36+00:00

There are strict guidelines to follow when buying and selling in between the stock exchanges on which ZCCM-IH is listed and we recommend that investors consult their stockbrokers for more information

How much influence does ZCCM-IH have on its investee companies? 2016-06-10T12:10:41+00:00

ZCCM-IH is represented on all of the board of directors of its underlying investee companies

Why is the percentage shareholding at the minimal levels and not 50 – 100%? 2017-02-13T05:16:44+00:00

Being an investment company, ZCCM-IH Plc is bound by the requirements under the Securities (Registration of Securities) (Investment Companies) Rules which were issued under Statutory Instrument 167 of 1993. The conditions which are particularly relevant state:

“(c) an investment company and its management must normally be bound, either in its articles of association or equivalent constitutive document or in such other manner as is acceptable to the Commission, to ensure compliance with the following requirements-

(i) that the investment company will not either on its own or in conjunction with any connected person take legal, or effective, management control of underlying investments and that in any event the investment company will not own or control more than thirty-five per cent (or such lower percentage as may from time to time be specified in the Takeover Code as being the level at which a general offer becomes mandatory) of the voting rights in any one company;

(ii) that a reasonable spread of investments will be maintained by the investment company which means generally that the value of its holding of investments issued by any one company or body shall not exceed twenty per cent of the investment company’s net asset value at the time when such investment is made.”

What is ZCCM-IH’s business model and how does it maximise shareholder value? 2017-02-13T05:16:44+00:00

ZCCM-IH’s portfolio consists mostly of shareholdings in some of the largest mines in Zambia. It also has shareholdings in energy companies (CEC & Maamba Collieries Ltd), Financial Services (Investrust) and in Gemstones (Kariba Minerals Ltd). With its Strategic Partners, ZCCM-IH aims to improve operational efficiencies and drive profitability in its investee companies with the goal of increasing the dividend stream into ZCCM-IH.

The dividends received are deployed into Investments with above average risk adjusted returns thus continuing to extract more value for its shareholders. In addition ZCCM-IH is diversifying into other sectors of the economy like Agriculture, Real Estate, and Alternative Energy to tap into new sources of consistent and stable income while reducing the risk profile of its Portfolio.

What is ZCCM-IH’s vision and Mission? 2016-06-01T15:20:44+00:00

The Vision of ZCCM-IH is to be Zambia’s leading Investments Company and its mission is to maximise shareholder value with due regard to interests of all stakeholders.

How did ZCCM Investments Holdings Plc come to be? 2016-06-17T11:13:11+00:00

ZCCM Investments Holdings Plc is the successor company to Zambia Consolidated Copper Mines Ltd (ZCCM Ltd). ZCCM Ltd was created in 1982 as a result of the merger of two state mining enterprises which had themselves been created when the Zambian copper industry was nationalised in 1969. ZCCM Ltd.’s ownership was a combination of state and private interests. The main shareholders in the company were the Zambian government, with 60.3 per cent of the shares, and the South African conglomerate Anglo American Corporation (AAC) which controlled 27.3 per cent. In January 1995, the Government of the Republic of Zambia announced its decision to sell Zambia Consolidated Copper Mines Ltd (ZCCM Ltd) to private investors. In 1996 it adopted a strategy based on unbundling the company and selling its operating units to a variety of investors.

Although this process was originally scheduled to be completed by the end of 1997, it was not until 2000 that the Zambian government was finally able to privatise the last of ZCCM’s productive assets. In June 2000 the residual holding company was converted into an investment company under the name ZCCM Investments Holdings Plc. Hence, it ceased to be called “Zambia Consolidated Copper Mines”.

How can one buy shares of ZCCM-IH on the Lusaka Stock Exchange and what are the benefits of being a shareholder? 2016-06-01T15:18:29+00:00

To buy ZCCM-IH shares on the Lusaka Stock Exchange, one should first open a shares brokerage account with a LuSE registered Stockbroker. Details of all the brokers can be found here. Once the account is opened, the potential shareholder can issue a Buy instruction and deposit the funds to be used to buy the shares with the broker. The broker will process the order and if the shares are available on the LuSE will execute the order. Upon settlement of the trade, one becomes a shareholder of ZCCM-IH shares.

The main benefits are twofold. First, if the shares appreciate in value, the shareholder can sell his or her shares at a profit. For instance between January 2014 and December 2015, the ZCCM-IH shares appreciated in value by 163.5% therefore shares bought for K1,000 at the beginning of that period were worth K2,635 at the end, a capital gain of K1,635!

Second, as ZCCM-IH has a dividend policy which pays out at least 20% of its net profits as dividends, all shareholders can look forward to a dividend as long as ZCCM-IH makes a profit. In 2014, ZCCM-IH paid out a dividend of $40 Million to its shareholders.

How can I obtain a copy of the annual report and accounts? 2017-02-13T05:16:44+00:00

Our annual reports are available for download in PDF from the ‘Downloads’ section of this website. If you subscribe to receive financial reports from us, we will send you the links to the reports upon release. Additionally, hardcopies may be requested from the Company Secretary.

What is a dividend? 2016-06-01T15:14:51+00:00

A dividend is a taxable sum of money declared by a company’s board of directors and given to its shareholders out of the company’s current or retained earnings. Dividends are usually given as cash (cash dividend), but they can also take the form of stock (scrip dividend) or other property. There is no guarantee that a company will make dividend payments in any given year or years.

What factors affect the share price of a company? 2017-02-13T05:16:44+00:00

The share price will be influenced by a number of factors, some of which are outside the company’s control. The factors may include:

  • the performance and prospects of the company or the industry in which the company operates;
  • political, general economic, financial and stock market conditions;
  • perceptions of investors about the above factors.

As with all listed shares, the share price of ZCCM Investments Holdings Plc on the Lusaka Stock Exchange and the Euronext Exchange can go up or down. If you sell your shares, you may receive more or less than you originally paid for them.