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)
Please refer to this page on the Lusaka Securities Exchange website
Mr. Christopher Nyirongo
Extension Line: 106
CSD Senior Assistant:
Mrs. Seko Chibanje
Extention line: 114
Mr. Sondo Musona
Extension line: 110
Tel: (+260 211) 228391, 228537/94
The Central Depository Rules may be downloaded here
Please refer to the Lusaka Securities Exchange website
Please refer to the following link
Corpserve Transfer Agents Limited
6 Mwaleshi Road, Olympia Park
P O Box 37522
Phone: +260 211 256969/70
Fax: +260 211 256975
Phone: +260 211 388 000
Fax: +260 211 220727
Mr Chabby Chabala
Phone: +260 211 388 000
Fax: +260 211 220727
CAPITA IRG PLC
34 Beckenham Road
Kent BR3 4TU
Phone: +44 (0) 870 162 3100.
Fax: +44 (0)20 8639 2342
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.
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
ZCCM-IH is represented on all of the board of directors of its underlying investee companies
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.”
To buy ZCCM-IH shares on the Lusaka Securities 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.
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.
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.