Poverty of CSR

From Zambian Economist Tue Jan 8 2013, 13:30:00

"Though multinational firms in the mining industry have been preaching elaborate Corporate Social Responsibility (CSR) programmes, some of these initiatives are cosmetic and fail to satisfy the local communities. Mining firms, by any measure, make super profits and are capable of contributing more to the national Treasury as well as to the communities in which they operate.....Zambia should craft a tax regime that will be able to capture sufficient revenue from the mining firms without stifling production and profit levels. The country's poverty levels can go down if the tax regime was worked out to seal all loop-holes that give rise to evasion...The country is richly endowed with mineral resources and holds about six per cent of the world's known copper reserves..... But it is sad that the majority of citizens particularly those in the countryside live in abject poverty to the extent that some families are surviving on about $1 a day..."

- Times of Zambia

It was good to pick up the seems people are finally waking up to the arguments we have advanced time and time again. CSR is a bribe that no serious patriot should ever rely on to satisfy our country. The idea of sorting out Zambia Revenue Authority is also a pipe dream because globally multinationals always avoid profit based taxes. Zambia is not unique.

Zambia has two options :

[view whole blog post ]
 See More    |     Report Abuse


You might also be interested in the following news stories:

Southern Africa:   Giant Killers Fight for Cosafa Final Berths (news)
CAJ News Agency
28 May 2015

A surprise-filled Council of Southern African Football Associations (COSAFA) Cup progresses to the semifinal stage on Thursday with four sides rated as minnows battling for a berth in the final. [read more]

Botswana:   Kokorwe Underscores Importance of Beneficiation (news)
Botswana Daily News
27 May 2015

Speaker of the National Assembly, Ms Gladys Kokorwe has urged the SADC region to increase revenue derived from natural resources. [read more]

Botswana:   Venson-Moitoi Attends Buhari Inauguration (news)
Botswana Daily News
28 May 2015

Minister of Foreign Affairs and International Cooperation, Dr Pelonomi Venson-Moitoi is scheduled to attend the inauguration ceremony of Nigerian president. [read more]



blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!