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ZCCM-IH | Revised Notice of best evaluated bidder: Tender for the supply and delivery of various ICT requirements

REVISED
ZCCM Investments Holdings Plc.,
Incorporated in the Republic of Zambia

NOTICE OF BEST EVALUATED BIDDER
TENDER FOR THE SUPPLY AND DELIVERY OF VARIOUS ICT REQUIREMENTS

The Bidders named below have been evaluated as the best bidders for the procurement requirements detailed below. In accordance with the requirement of clause 121 of the Public Procurement Regulations, 2011, it is the intention of ZCCM-IH, the procuring entity, to award contracts to the bidders named after ten (10) working days from the display given below.

Procurement Reference Number ZCCM-IH/043/2018
Procurement Description Supply and Delivery of Various ICT Requirements to ZCCM-IH
Method of Procurement Open National Bidding
Names and Addresses of Best Evaluated Bidders

Lot 1,4,6,9,10 & 12 (Supply and Delivery of High Specification Laptop, Digital Video Camera, 24 Ethernet Switches, Microsoft Visio Pro Software 2016 Licenses, Micro Project Pro Software 2016 Licenses and Blade Servers to ZCCM-IH Office Park, Stand No. 16806, Alick Nkhata Road, Mass Media Complex Area, Lusaka) – Cloudtech Zambia, Plot No. 13, Chaholi Road. Rhodespark, P.O. Box 36611 Lusaka, Zambia.

Lot 2,3,5 & 8 (Supply and Delivery of All in One Desktop Computers, Laptops, High Specification Digital Camera and Supply and Supply and Delivery of LED Monitors to ZCCM-IH Office Park, Stand No. 16806, Alick Nkhata Road, Mass Media Complex Area, Lusaka – Spares Kings Africa Limited, 4769 Lubwa Road, Roads Park, Lusaka, Zambia.

Lot 7 and 11 (Supply and Delivery Integrated Service Routers (ISR) Routers and 22U Floor Standing Cabinets – Netsys Consultants Limited, 6th Floor, Anchor House, Sapele Road, P.O. Box 33485 Lusaka
Proposed Contract Prices 1. Cloudtech

Lot No. Amount (ZMW)
Lot 1 41,947.92
Lot 4 34,729.19
Lot 6 96,296.33
Lot 9 23,897.16
Lot 10 46,113.48
Lot 12 168,840.44
Total 411,824.52


2. Spares Kings Africa

Lot No. Amount (ZMW)
Lot 2 35,308.08
Lot 3 227,558.59
Lot 5 59,389.68
Lot 8 12,139.63
Total 334,395.98


3. Netsys Consultants Ltd

Lot No. Amount (ZMW)
Lot 7 102,581.60
Lot 11 28,652.00
Total 131,233.60
Date of Display 28th January 2019
Date of Removal 8th February 2019

The display of this notice does not constitute an award of contract to the selected Bidders.

Bid acceptance and contract placement shall be in accordance with the Public Procurement Regulations. Bidders have the right to appeal in accordance with the Public Procurement Regulations, 2011 within ten (10) working days from the date of publication of this notice.

Please note this notice supersedes the earlier one.

Authorised for display and publication by:

Signature: ______________________ Name: K D Kabwe (Mrs.)
   
Position: Procurement Manager Date: 24th January 2019

 

Address of Procuring Entity

ZCCM Investments Holdings Plc
ZCCM-IH Office Park
Stand No. 16806, Alick Nkhata Road
Mass Media Complex Area
Lusaka, Zambia

Copy sent to all bidders who submitted bids, including the best evaluated bidders.

ZCCM-IH Revised – Notice of Best Evaluated Bidder for the Supply and Delivery of Various ICT Requirements
Archived Tenders

ZCCM-IH | Notice of best evaluated bidder: Viability assessment of the development of student accommodation in Lusaka

NOTICE OF BEST EVALUATED BIDDER
ZCCM Investments Holdings Plc.,
Incorporated in the Republic of Zambia

VIABILITY ASSESSMENT OF THE DEVELOPMENT OF STUDENT ACCOMMODATION IN LUSAKA

The Service Provider named below has been evaluated as the best evaluated bidder for the procurement requirement detailed below. In accordance with the requirement of clause 121 of the Public Procurement Regulations, 2011, it is the intention of ZCCM Investments Holdings Plc (ZCCM-IH), the procuring entity, to award the contract to the bidder named after ten (10) working days from the display given below.

Procurement Reference Number ZCCM-IH/065/2018
Procurement Description Viability Assessment of The Development of Student Accommodation in Lusaka
Method of Procurement Open National Selection
Names and Addresses of Best Evaluated Bidders BE Construction Consultants, Suite 605, 6th Floor, Godfrey House, P.O. Box 50874 RW, Lusaka, Zambia.
Proposed Contract Prices ZMW 698,358.65
Date of Display 30th January 2019
Date of Removal 13th February 2019

The display of this notice does not constitute an award of contract to the Bidders mentioned above.

Bid acceptance and contract placement shall be in accordance with the Public Procurement Regulations. Bidders have the right to appeal, in accordance with the Public Procurement Regulations, 2011, within ten (10) working days from the date of publication of this notice.

Authorised for display and publication by:

Signature: ______________________ Name: K D Kabwe
   
Position: Procurement Manager Date: 28th January 2019

 

Address of Procuring Entity

ZCCM Investments Holdings Plc
ZCCM-IH Office Park
Plot No. 16806, Alick Nkhata Road
Mass Media Complex Area
Lusaka, Zambia

Copy sent to all bidders who submitted bids, including the best evaluated bidders.

Download Notice of Best Evaluated Bidder (.pdf)
Corporate Announcements

ZCCM-IH | Notice of dividend payment

At the Annual General Meeting held on 28 January 2019 at Southern Sun Hotel, Lusaka, the Shareholders approved a Final Dividend of K 0.61 per share for the period ended 31 March 2018.

In accordance with the requirements of the Securities Act No. 41 of 2016 and the Listings Rules of the Lusaka Securities Exchange (“LuSE”), Notice is hereby given that the dividend shall be payable to shareholders in the Company’s books as at close of business on Friday, 22 February 2019 (“Record Date”).

Dividend payments will be effected from Monday, 25 February 2019 for shareholders whose shares are listed on the LuSE.

Shareholders are advised to take note of the following dates applicable to the Stock Exchange on which their shares are listed and traded.

Shareholders on the London Stock Exchange
The transfer books and register will be closed on Friday, 22 February 2019. Dividend payments will be effected from Friday, 15 March 2019.

Shareholders on the Paris Marché Libre
The transfer books and register will be closed from Thursday, 21 February to Friday, 22 February 2019 both days inclusive. Dividend payments will be effected from Monday, 25 February 2019.

By Order of the Board
Chabby Chabala
Company Secretary

Issued in Lusaka, Zambia on Monday 28 January 2019

Lusaka Securities Exchange Sponsoring Broker
T | +260-211-232456
E | advisory@sbz.com.zm
W | www.sbz.com.zm
Stockbrokers Zambia Limited (SBZ) is a member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia

First Issued on 28 January 2019
ZCCM-IH News

ZCCM-IH 2018 Annual Financial Report released

Below are some extracts from the Chairman’s Statement:

I am delighted to have been appointed Chairman of the ZCCM-IH Board from 6 March 2018. I am particularly happy to serve on the ZCCM-IH Board which comprises very qualified and dedicated professionals whose contribution to the Company is highly valued.

I am delighted to be of service to ZCCM-IH in my capacity as Chairman. ZCCM-IH has a rich history particularly in the development of the mining sector in Zambia and I am glad to be part of those who will contribute to the transformation of the Company for the benefit of our Shareholders and all key stakeholders.

On behalf of the Board of Directors of ZCCM-IH, I am pleased to share with you the performance of ZCCM Investments Holdings Plc (ZCCM-IH) as a Company and that of its investee companies during the financial year ended 31 March 2018.

The year saw an improvement and stability in copper prices which in turn resulted in improved performance in some
of our mining investee companies. The increase in demand for copper on the global market has resulted in positive
developments in the mining sector in general. The sustained growth in copper demand is expected to continue as
copper remains essential in many economic activities more so in the wake of modern technology which requires
increased usage of copper. Zambia is poised to benefit from the global upswing in demand for copper and other minerals. ZCCM-IH is now more than ever before strategically positioned to extract maximum value from its investments in mining for the benefit of its shareholders and all stakeholders. While profitability for the Company has dropped due to low turnover from the Ndola Lime Company Limited’s (Ndola Lime) operation, the Group’s share of profit of equity accounted investees has increased to 465% from a loss of K 189 million in 2017 to a profit of K 689 million in 2018. This movement signifies improvements in the mining operations following increases in copper prices and production.

Global economy

According to the International Monetary Fund (IMF) Report for 2018, global economic activity continued to firm up as was predicted. Global output is estimated to have grown by 3.7 percent in 2017, which is 0.1 percentage point faster than projected in the fall and 1⁄2 percentage point higher than in 2016. Global growth forecasts for 2018 and 2019 have been revised upward by 0.2 percentage point to 3.9 percent. The key factors contributing to the growth include increased economic activity in most industrialised countries and stabilisation of oil prices resulting in predictability in production costs…

Zambian economy

The Zambian economy continued on a recovery path following improvements in the energy supply to key sectors of the economy as well as copper prices. The improvements in copper prices resulted in positive growth in the mining sector with the GDP expected to rise to 5% at the end of 2018 from 3.4% recorded in 2017.

FINANCIAL PERFORMANCE

The Group recorded turnover of K61 million (2017: K95 million) and operating profit of K47 million (2017: profit: K848 million). The low turnover is attributed to low sales at Ndola Lime Company Limited due to increased competition in the lime market as well as technical challenges which negatively affected the production and sale of lime and related products. A 95 percent decline in operating profit is owing to decrease in copper price participation income from K719 million in the preceding year to K360 million for the year. Further, the continuous loss making position of Ndola Lime Company Limited and the impairment of investment in Konkola Copper Mines Plc amounting to K167 million and K42 million respectively contributed to the decrease in operating profit.

Subsequent to the year end, two (2) former employees of Ndola Lime Company Limited (NLC) instituted proceedings
to the High Court of Zambia to place NLC under supervision pursuant to the Corporate Insolvency Act No. 9 of 2017.
By order of the Court dated 5th October 2018, the Official Receiver was appointed as Interim Business Administrator of NLC. The application for the Business Rescue Proceedings will be heard in January 2019 at which all affected persons (including ZCCM-IH) will be heard. However, ZCCM-IH remains committed to the affairs of NLC and will continue to pursue all activities that better the Company and ZCCM-IH’s investments…

Fundamental Strategic Change

ZCCM-IH has undertaken a strategic evolution as a response to the ever changing and competitive operating environment, and has developed a new Strategic Plan (SP) for the period 2018-2023 themed ‘Taking Giant Steps’. In it is a transformational agenda which permeates through all operational landmarks with a view to sustain growth and
value extraction for the benefit of its shareholders.

We have chosen to transition the Company away from the traditional dependence on dividend income and have identified more forward-looking strategies which will improve revenue generation with predictability. These strategies will not only improve the Company’s cash position but will also facilitate organic growth as the Company will be better able to finance its investment projects.

Energy Sector

Following the achievement of the commercial operating date in August 2017 of the first phase of the Maamba Collieries Limited (MCL) Thermal Power Plant (TPP), MCL has recorded positive growth with an impressive performance resulting in increased revenue and a profit after tax of K148.87 million following its ability to achieve a commercial operating date within a year of commissioning.

Manufacturing Sector

As part of ZCCM-IH’s strategy to diversify its portfolio, the Company entered into a Joint Venture partnership with
Sinoconst for purposes of setting up a cement manufacturing company. Subsequently, Central African Cement Company Limited (CAC) was incorporated. ZCCM-IH owns 49% of CAC while Sinoconst owns the remaining 51%. CACs operations will be located in Masaiti district in the Copperbelt Province of Zambia.

The planned production capacity of the Plant will be 5000 tonnes per day of Clinker with a two (2) by twenty five (25) MW Thermal Power Plant. It is expected that the Plant will take 3 years to construct and employ over 1000 people during construction. Once completed, the plant is expected to employ about 400 people.

Investment in the Financial Services Sector

Subsquent to the financial year end and following closure of the mandatory offer on 30 April 2018, ZCCM-IH now holds 71.4 % shares in Investrust Bank Plc from 45.4%. ZCCM-IH will implement a robust recapitalisation plan and
identify equity partners to make the bank more competitive.

Capital market

The ZCCM-IH share price on the Lusaka Securities Exchange closed the year at K38 (2017: K38). The market capitalisation as at 31 March 2018 remained unchanged at K6, 110 million (2017: K6, 110 million). The stagnation of the share price is indicative of low liquidity of the shares.

Outlook

Copper prices have moved to attractive levels which in turn will improve investment in the mining sector. With improvements in the supply of power to mining companies, there has been stability in the production. As a result of these factors, it is estimated that production will increase hitting an all-time high of 1 million tonnes from around 755,000 metric tonnes recorded in 2017.

ZCCM-IH will take advantage of these favourable performance indicators of the mining sector and strive to achieve its objectives by realigning its operations and improve its income streams through an equitable participation in top-line revenues.

Appreciation

I express sincere gratitude to my fellow Board members, Management and Staff of ZCCM-IH for their dedication and commitment during the past year. I further extend my gratitude to the shareholders and investee companies for their efforts, cooperation and contributions during the year.

Mr Eric S Silwamba, SC
Board Chairperson

Download

ZCCM-IH | 2018 Annual Financial Report

Corporate Announcements

ZCCM-IH | Audited Financial Results of the Group for the year ended 31 March 2018

In accordance with the requirements of the Securities Act No. 41 of 2016 and the Listing Requirements of the Lusaka Securities Exchange, ZCCM Investments Holdings Plc (ZCCM-IH Plc) announces the audited results of the company and its subsidiaries (collectively referred to as the Group) for the year ended 31 March 2018.

Commentary on financial results and performance

  • The Group recorded turnover of K61 million (2017: K95 million). The decrease in turnover is attributed to low sales at Ndola Lime Company Limited due to increased competition in lime market as well as technical challenges which negatively affected the production and sales of lime and related products.
  • The Group recorded an operating profit of K47 million (2017: K848 million). The decrease is mainly due to:
    • Ndola Lime Company Limited’s (Subsidiary) continued loss-making position, which contributed an operating loss of K167 million (2017: K1, 152 million);
    • impairment of the investment in Konkola Copper Mines Plc amounting to K218 million; and
    • decrease in copper price participation income from K719 million (2017) to K360 million (2018).
  • The Group recorded a positive share of profit from equity accounted investee companies of K 689 million (2017: loss K 189 million). This movement represents 464% increase.
  • The Group reported a profit of K843 million (2017: K 729 million) representing 16% increase, driven by improved production volumes of copper in most of ZCCM-IH’s investee companies and an upsurge in copper prices during the year. London Metal Exchange copper price increased by 14.8% to US$ 6,724/ton (2017: US$5,858/ton) during the year.
  • The Group’s total assets increased by 8% from K9, 579 million (2017) to K10, 332 million (2018) on account of increase in the net assets of investee companies whose performance continued to improve during the year.

Dividends

The Directors have proposed a final dividend of K0.61/share for the year ended 31 March 2018 to be tabled at the Annual General Meeting to be held on 28 January 2019.

By Order of the Board
Chabby Chabala
Company Secretary
Issued in Lusaka, Zambia on Wednesday 16th January 2019

Lusaka Securities Exchange Sponsoring Broker
T | +260-211-232456
E | advisory@sbz.com.zm
W | www.sbz.com.zm
Stockbrokers Zambia Limited (SBZ) is a founder member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia

Issued in Lusaka, Zambia on Wednesday 16th January 2019

Related downloads

ZCCM-IH | Abridged Audited Financial Results – FYE 31 March 2018

 
Investee Company News

Lubambe Deserves Commendation

SINCE the 2019 budget was announced and eventually passed, there has been very little good news coming out of mines.
In the 2019 budget, Government has introduced a 1.5 percentage point increase on all mineral royalty tax bands, and an additional two royalty bands of 8.5 and 10 percent when the copper price exceeds US$7,500 and US$9,000 per tonne respectively. Further, mineral royalties will cease to be deductible from corporate income tax.
The measures have seen mining companies hitting back saying they will shed off as many as 21,000 jobs and cut or withhold US$500 million in capital spending over the next three years.
That is significant.
Yet, against this gloomy picture, Lubambe Copper Mines (LCM) in Chililabombwe projects to increase its copper production by about 60 percent this year.
Company chief executive Nick Bowen says they produced 22,000 tonnes of copper last year but expect to increase this to 36,000 tonnes this year. EMR Capital, the current investors, bought the mine at a time when it was facing financial challenges. But now, stringent measures have been instituted to help sustain operations of the firm. Mr Bowen said the changes have not been easy to implement but management has made it a policy to incorporate the workforce in its strategic plans.
Certainly, Lubambe needs commendation. It shows that the company is not here for the short term but has rather aligned itself with the aspirations of the nation. This is unlike some mining companies that have only kept one foot in Zambia to just take advantage of the economic boom, yet are ready to flee when hard times hit or they have made enough money and start thinking the country’s environment no longer suits them.
This is unacceptable.
As a nation, we have not always universally agreed with all our policy positions. But if there is one area where there is near consensus, it is the one to do with the new mining legislation. The Zambian public is largely in agreement that we have not sufficiently benefited much from the mines, particularly during the period after privatisation. Yet, the mines are supposed to be the goose that lays the golden egg for the country.
The jury is that mining companies have not been paying their fair share of taxes despite the privileges and advantages they have secured.
There is an argument by some mining companies that Zambia is a very high cost producer of copper. But it is difficult to swallow this wholeheartedly. The suspicion is that some mining companies inflate their production costs in order to avoid paying taxes.
We know for instance the findings of ECON Poyry, a Norwegian consulting company and engineering group that was commissioned by the Zambia Revenue Authority (ZRA) in 2009 to do a pilot audit of the operational costs, revenues, transfer pricing, employee expenses and overheads of one mining company on the Copperbelt.
The investigating report concluded that the reported numbers from the company were in doubt. It was found that the company had not paid income tax for a good number of years but had only paid royalty fees. But the chairman of this company reported that they had paid millions of dollars to Government in taxes. Yet, those monies included pay as you earn (which is paid by employees), import duties, property rates paid to municipalities, vehicle registration fees, value added tax, licence fees and none which directly comes under the category of company tax. But the fact that they were reporting it as company tax could only mean that they were trying to hide the fact that they pay little or no income tax at all.
It is the reason why the Zambian public is frustrated with the mining companies. The feeling is that they try so much to hold us to ransom; rushing to cutting jobs every time new mining legislation is passed meant to get more from the mines.
Yes, as a country, we are open to foreign direct investment but we also need our investors to appreciate the unique challenges that we face.
From the time the new mining legislation was announced, Lubambe is the first mining company to provide a spark.

Source: Zambia Daily Mail

Corporate Announcements

ZCCM-IH | Notice of the Fifteenth Annual General Meeting

Notice is hereby given that the Fifteenth Annual General Meeting of members of ZCCM Investments Holdings Plc will be held on Monday, 28 January 2019 at 10:00 hours at Southern Sun Ridgeway Hotel, corner of Church Road and Independence Avenue, Lusaka, Zambia to transact the following business:

1. To consider and adopt the Minutes of the 14th Annual General Meeting held on 29 June 2018.

2. To receive and adopt the audited Financial Statements for the year ended 31 March 2018, together with the Reports of the Directors and the Auditors.

3. To approve the final dividend of K0.61 per share recommended by the Directors.

4. To consider and adopt the recommendation to appoint External Auditors for the year ending 31 March 2019, and to authorise the Directors to fix their remuneration.

5. To transact such other business as may properly be transacted at an Annual General Meeting.

A member entitled to attend and vote at the meeting is entitled to appoint one or more proxies to attend and, on a poll, to vote in his/her stead. The proxy need not be a member of the Company. A proxy form must be deposited at the office of the Company Secretary not less than 48 hours before the time appointed for holding the meeting for those members who wish to be represented at the meeting.

A proxy form is also available on the Company’s website: www.zccmnew.wpenginepowered.com. https://zccm-ih.com.zm/wp-content/uploads/2019/01/Proxy-form_15th-AGM-28-January-2019.pdf

By Order of the Board

Chabby Chabala
Company Secretary
Lusaka, Zambia

Issued in Lusaka, Zambia on Thursday 3rd January 2019

Lusaka Securities Exchange Sponsoring Broker
T | +260-211-232456
E | advisory@sbz.com.zm
W | www.sbz.com.zm
Stockbrokers Zambia Limited (SBZ) is a member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia

First Issued on Thursday, 3rd January 2019
Investee Company News

ZCCM-IH Owns 100% Shares in Kariba

ZCCM-Investment Holding (ZCCM-IH) has acquired an additional 50 percent shareholding in Kariba Minerals Limited from Gemfields Limited at a cost of US$2.5 million.
The acquisition means that ZCCM-IH now owns 100 percent shares in Kariba Minerals Limited.
According to the directors’ interim unaudited financial results for ZCCM-IH and its subsidiaries for the six months period ended September 30, 2018, transaction completion is subject to regulatory approvals by various regulatory bodies
“Going forward, ZCCM-IH will implement a robust strategic plan aimed at improving production, processing and marketing activities to increase profitability of the mine,” the report reads.
Meanwhile, plans by ZCCM-IH to acquire Kapiri Glass Manufacturing (KGM) company have been put on hold due to legal action taken against the firm by the current owners https://epaper.daily-mail.co.zm/
Investee Company News, ZCCM-IH News

ZCCM-IH owns 100% shares in Kariba

TRYNESS TEMBO, Lusaka
ZCCM-Investment Holding (ZCCM-IH) has acquired an additional 50 percent shareholding in Kariba Minerals Limited from Gemfields Limited at a cost of US$2.5 million.

The acquisition means that ZCCM-IH now owns 100 percent shares in Kariba Minerals Limited.

According to the directors’ interim unaudited financial results for ZCCM-IH and its subsidiaries for the six months period ended September 30, 2018, transaction completion is subject to regulatory approvals by various regulatory bodies.

“Going forward, ZCCM-IH will implement a robust strategic plan aimed at improving production, processing and marketing activities to increase profitability of the mine,” the report reads.

Meanwhile, plans by ZCCM-IH to acquire Kapiri Glass Manufacturing (KGM) company have been put on hold due to legal action taken against the firm by the current owners https://epaper.daily-mail.co.zm/

Source: Daily Mail
Investee Company News

Lubambe Mine donates food items to children’s homes

Lubambe Copper Mines has donated assorted food items to One Way Mission Children Home and Lusungu Children home as part of celebrating the New Year.

The donation worth K15,000 is part of the mines corporate social responsibility in Chililabombwe and Chingola respectively.

Lubambe Copper Mines acting General Manager Operations Venus Kasito said the policy is to plough back into the community.

Mr Kasitu said the mine has donated to the needy as a way of enhancing their lives and a way of supporting the children.

He said the lives of the children are important hence the need to help them in any way possible.

“The company wants to reach a production capacity of 220 tones by the 4th quarter of 2019 then the company will be able to boost up its corporate social responsibility,” he said.

Loveness Sakala Director at One Way Mission was grateful for this gesture in supporting the vulnerable children.

Ms Sakala said other stakeholders should emulate and do the same to give support and enhance the children’s lives and future.

Lusungu orphanage Director Caddie Ng’ambi said the act of love by the mining firm would go a long way.

Bishop Ng’ambi said the orphanage accommodates a number of children whose educational needs are taken care of by the orphanage

He expressed gratitude towards the gesture of an act of love by Lubambe mine to the children.

Source: The Independent Observer