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:

Botswana:   Botswana to Host Netball Giants (news)
Botswana Daily News
20 October 2016

Official draw of the Netball World Youth Cup 2017 which was conducted on October 20 in Gaborone has pitted Botswana against Pool C giants. Group C consists of America continent, Jamaica from Cook ... [read more]

Botswana:   Lobatse Pensioners Decry Poor Service (news)
Botswana Daily News
18 October 2016

Old age pensioners in Lobatse have decried poor service delivery from the company managing their pension payment. The company Sandulela also takes care of pensioners, world war veterans and people ... [read more]

Botswana:   Slaughter Slab Owners Fear Competition (news)
Botswana Daily News
19 October 2016

Slaughter slab owners in Tsabong believe that they will lose business permanently due to the emergence of a high grade government funded multi-purpose abattoir. Speaking in an interview with BOPA ... [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!