By Enoch Lusoke
Opposition Green Party Leader Peter Sinkamba says the Listing of the Zambia Forestry and Forest Industries Corporation –ZAFFICO- on the Lusaka Stock Exchange will have no desirable impact on the operations and capitalization of the company due to its poor reputation in the eyes of Potential Investors.
Recently, the Securities and Exchange Commission approved the Registration of Zaffico shares on the stock exchange, paving way for members of the public to buy shares in the company.
But Speaking to Phoenix News, Mr. Sinkamba Explains that the bad reputation that Zaffico has had over past few years is not attractive to any potential investors and will make it very difficult for people to buy shares in the company.
He has cited the Recent Controversies Surrounding the company such as corruption and poor handling of the Mukula tree exports where the company has failed to preside in a more transparent and accountable manner as some of the reasons that have dented its reputation.
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