Lonzim Share Discussion Threads

[thanksamillion] 12/3/2010 10:40

Think about it, if you were someone high up in Zanu PF (you should have some intelligence to get to that position in the first place) you must be thinking of being in the right camp in say 5-10 years time (Muggsy would be 91-96). What would you be doing? Me.... I would be putting the feelers out now, stay where I was but be ready to jump.

We will wake up on day and everything will have changed, too late then to buy this little jem.

[twozuluzulu] 11/3/2010 18:12

thanksamillion
nice one.
thinking of puting in joint claim for cgt allowance with zimbanwaen conterpart.
lol, good luck anyway.

[tenapen] 11/3/2010 17:53

LOL.

A time for strong nerves as i have not a clue how this will play out.

[thanksamillion] 11/3/2010 14:21

twozuluzulu

Lets hope that the buyer is an indigeonous Zimbabwean and that you are not. HeeHee.

[twozuluzulu] 11/3/2010 14:12

i think there could be a buyer accumilating in the background
i just offloaded £16.5k,{cash needed elsewhere}no problem selling and price has not flinched.
good luck to those that hold.
tzz.

[tenapen] 06/3/2010 17:58

Bitterness and unease in bankrupt Zimbabwe

After 30 years in power, Zimbabwe's veteran leader Robert Mugabe said this week he was ready to stand for another term as president. BBC Africa correspondent Andrew Harding finds Mr Mugabe's party in angry mood, and others - the white minority and the former opposition MDC party - full of foreboding.

Cont....

[tenapen] 05/3/2010 19:37

Fly40 Zimbabwe set to secure deal with Kenyan airline

Friday, 05 Mar 2010

Fly40 Zimbabwe will this month seal a franchise deal with Kenyan airline Fly540 Africa, which would pave the way for granting of its long awaited air operator's certificate by the Civil Aviation Authority of Zimbabwe.

The low cost budget airline could not start operations as planned last year because it did not have the certificate, since it did not have the franchise required to operate under the brand Fly540, held by the East African company.

Fly540 Zimbabwe, 90 percent owned by LonZim, had planned to take to the skies in September 2009, which was pushed back to October of the same year, but still came unstuck as it had not obtained the operator's certificate.

Cont....

Presently, LonZim owns 60 percent of Zimbabwe Stock Exchange-listed Celsys, which specialises in security printing, information technology and telecommunications.

It owns 100 percent of solvents and chemicals distributor Millpal, 51 percent of refrigerated distributor of pharmaceutical and medical products Panafmed and 51 percent of mobile software provider ForgetMeNot.

In addition, LonZim owns 100 percent of electronic funds transfer solutions provider, Paynet and 100 percent of the exquisite Leopard Rock Hotel. Outside Zimbabwe, LonZim owns the beautiful beachfront located Aldeamento Turistico de Macuti in the Mozambique's Beira Corridor.
Credits: Herald Zimbabwe/Golden Sibanda

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I was hoping that LZM would stall the launch of fly540 Zim and any other 'new business they are working on untill after the impact to Zimbabwe / Lonzim the indigenous law is known.

[tenapen] 04/3/2010 19:22

Zimbabwe Stock Exchange Trading Volume Slumps on Indigenization Fears



Under the Indigenization and Economic Empowerment Act of 2007, indigenous
Zimbabweans must hold a controlling stake in all companies - though some
exceptions will be made in the national interest

Gibbs Dube | Washington 03 March 2010

Daily trading volume at the Zimbabwe Stock Exchange plunged from US$2
million US$500,000 from Monday to Tuesday after regulations governing
indigenization of companies took effect, sources said Wednesday.

Economists said the slump in activity on the exchange reflected investor
fears that traded companies could sustain heavy losses under indigenization,
directly due to the requirement that indigenous black Zimbabweans must hold
a 51 percent stake in companies within five years, or indirectly due to the
hit to the economy.
Cont....

----------------------------------

I have not been able to access Celsys web-site since the weekend.

[thanksamillion] 28/2/2010 11:00

Mugabe now in his 87th year, and not able raise sufficient funds to run his party (Birthday or Political)

One way or another he does not have long now.

Then Zimbabwe can really celebrate.

[kvrr] 27/2/2010 20:55

Looks like the Indigeisation Law comes into force on Monday.

[tenapen] 27/2/2010 09:42

Tsvangirai, now prime minister, said the directive was "null and void" as it
was done without consultations in cabinet.

But Kasukuwere told a business conference in Bulawayo that the government
was moving ahead with the law, although firms that failed to submit their
empowerment proposals within 45 days from March 1 would be given more time
to do so.

"The debate around indigenisation is dead. We are not about to re-open the
debate. It is law now," Kasukuwere said.

"There is a lot of emotionalism flying around. People who have not read the
regulations are being emotional about them. We are not about to destroy the
economy, far from it."

Kasukuwere said foreign investors were still welcome to invest in the
country, but needed to have local partners.

"We recognize the role of foreign direct investment we need to delicately
balance the two (with local participation), so we can succeed together,"
Kasukuwere said.

"There is no nationalization, no seizure, there's no free-lunching.
Government supports fair pricing."

He added that in implementing the empowerment law, government would consider
firms' investments in technology, skills and social developments in the
areas they operate.

"We will be looking at how we can treat the different sectors and
considering what you have done in terms of technology transfer, skills
development and social investment."

[tenapen] 26/2/2010 16:29

Cheerio
Cheerio
Cheerio

[thanksamillion] 26/2/2010 11:48

She's on filter, obviously has an agenda and simply keeps repeating herself.

Just to remind ourselves..............

KVRR - 18 Feb'10 - 16:53 - 676 of 684

this thread is dead.
I am moving to the new one which is better presented.

[tenapen] 26/2/2010 11:16

Quote; "as long as he does not repeat the suggestion ten times a day".


Try practising what you preach.

---------------------

Thanksamillion, how about setting up your own LZM thread and then you could block kvrr. It will be doing him a favour ! life's too short !


--------------------------------------------

SA court ruling deals blow to Mugabe land seizures



by Own Correspondents Friday 26 February 2010

JOHANNESBURG - South Africa's High Court on Thursday upheld a ruling by the
SADC Tribunal outlawing neighbouring Zimbabwe's land reforms, paving way for
white farmers who lost property under President Robert Mugabe's
controversial reforms to file for compensation in South African courts.

Zimbabwe's High Court in a ruling last month refused to enforce the Southern
African Development Community (SADC) Tribunal judgment, while Mugabe has
said the regional court's order to stop farm seizures and compensate white
land owners for lost property was "nonsensical and of no consequence".

[kvrr] 26/2/2010 10:45

I think it was only fair for O&G to place an investment warning in his LZM thread heading about the Indigenisation Law which comes into force in three days time requiring company's like Lonzim to hand over 51% shareholdings to indigenous Zimbabweans. Threads should not exist to mislead people but to share information and help them make informed judgements. If O&G wanted to suggest SLE as an alternative investment that is perfectly reasonable as long as he does not repeat the suggestion ten times a day. I have found O&G's posts and thread headings to be well balanced and helpful.



Indigenisation Law Comes into Force Monday: Minister
by Own Correspondent
Thursday 25 February 2010

HARARE – Indigenisation Minister Saviour Kasukuwere on Wednesday told ZimOnline that regulations to force foreign firms to offload controlling stake to local blacks will come into force next Monday, appearing to brush aside objections to the controversial rules by Prime Minister Morgan Tsvangirai.

Under the regulations announced by Kasukuwere in line with an Indigenisation and Economic Empowerment Bill passed by the then ZANU PF-controlled Parliament in 2007 and signed into law by President Robert Mugabe in March 2008, foreign owned firms will be required to cede 51 percent of shareholding to indigenous Zimbabweans within the next five years.

Tsvangirai has opposed the laws saying they were invalid because they were never discussed and adopted by Cabinet, while business leaders have been lobbying government to shelve implementation of the regulations they say will only help reinforce perceptions of Zimbabwe as a high political risk investment destination. But Kasukuwere was adamant implementation of the regulations would go ahead as planned.

He said: "Consultations are on going but the Act will be effective. The Act will become effective March 1 as already stated. We can't have gatherings every time to finalise this matter. Consultations will always be there, but the law will become effective Monday."

Under the empowerment regulations foreign-owned businesses operating in Zimbabwe, including banks, mines and factories will be forced to sell a majority stake to locals by March 2015.

The regulations provides for foreigners to be compelled to sell stake to local Zimbabweans but are silent on where impoverished locals will get money to pay for stake in large mines and industries.

Many had hoped the law and other controversial laws including repressive press and security laws to be repealed following formation of the power-sharing government.

Revival of the empowerment laws has sparked fears among business of a repeat of in industry of a repeat of the chaos that befell agriculture after a similar government programme to empower blacks saw white-owned commercial farms seized without compensation. – ZimOnline

[thanksamillion] 26/2/2010 10:13

Its his thread he can set it out as he wishes, but why his interest in LZM if he is so negative as to recommend sellimg LZM and buying another (potentially look at SLE instead).

The chart for SLE looks terrible to me.

LZM on the other hand had potential.

I conclude that he has a hidden agenda.

[tenapen] 26/2/2010 00:04

Mugabe is a none drinker of alcohol.

I think it fair enough to put the warning into the header on the other thread. Its for investors to know the information about a company and act accordingly.

It would be good of LZM or Celsys to make a statement regarding the Indigenisation Law and what impact it will have on the company !.

I have been looking for a statement from Barclays Zim, but nothing as yet !.

[kvrr] 25/2/2010 16:34

Zim Indigenisation Law Comes into Force Monday
by Own Correspondent
Thursday 25 February 2010



HARARE - Indigenisation Minister Saviour Kasukuwere on Wednesday told
ZimOnline that regulations to force foreign firms to offload controlling
stake to local blacks will come into force next Monday, appearing to brush
aside objections to the controversial rules by Prime Minister Morgan
Tsvangirai.

Under the regulations announced by Kasukuwere in line with an Indigenisation
and Economic Empowerment Bill passed by the then ZANU PF-controlled
Parliament in 2007 and signed into law by President Robert Mugabe in March
2008, foreign owned firms will be required to cede 51 percent of
shareholding to indigenous Zimbabweans within the next five years.

Tsvangirai has opposed the laws saying they were invalid because they were
never discussed and adopted by Cabinet, while business leaders have been
lobbying government to shelve implementation of the regulations they say
will only help reinforce perceptions of Zimbabwe as a high political risk
investment destination.

But Kasukuwere was adamant implementation of the regulations would go ahead
as planned.

He said: "Consultations are on going but the Act will be effective. The Act
will become effective March 1 as already stated. We can't have gatherings
every time to finalise this matter. Consultations will always be there, but
the law will become effective Monday."

Under the empowerment regulations foreign-owned businesses operating in
Zimbabwe, including banks, mines and factories will be forced to sell a
majority stake to locals by March 2015.

The regulations provides for foreigners to be compelled to sell stake to
local Zimbabweans but are silent on where impoverished locals will get money
to pay for stake in large mines and industries.

Many had hoped the law and other controversial laws including repressive
press and security laws to be repealed following formation of the
power-sharing government.

Revival of the empowerment laws has sparked fears among business of a repeat
of in industry of a repeat of the chaos that befell agriculture after a
similar government programme to empower blacks saw white-owned commercial
farms seized without compensation. - ZimOnline

[thanksamillion] 25/2/2010 16:17

The other thread seems to have turned into an anti LZM advertising board.

I dont mind views opposed to my own being posted, but enough is enough.

Hopefully they will ignore this one ....but I doubt it.

[thanksamillion] 25/2/2010 16:11

I am going back to old thread.