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:

Zimbabwe:   Magaya in Botswana for Two-Day Crusade (news)
The Herald
2 July 2015

Prophetic Healing and Deliverance Ministries founder Prophet Walter Magaya arrived here yesterday ahead of his first international two-day crusade expected to attract thousands of people. [read more]

Botswana:   ICT Key to Corruption Fight (news)
Botswana Daily News
1 July 2015

Information and Communication Technology can help combat corruption, says University of Botswana lecturer in supply chain logistics, Mr Rudolph Boy. [read more]

Botswana:   Humble, Focussed - Mogae Says of Seloma (news)
Botswana Daily News
2 July 2015

Memories of the late former diplomat and cabinet member, Mr Pelokgale Seloma still held grip on the congregation, as remembrances of sacred were made at the memorial service which was held at the ... [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!