Tuesday, 27 July 2010

RANDOM TIT BIT OF THE DAY

I was in Zambia last weekend and was touched by a comment made by a Check in clerk at Lusaka International Airport after I had  commented at the number of foreigners that were coming in and out of Zambia every day such that flights from Johannesburg were now full. Just the other day a flight that would normally cost ZAR1,650 from Jobourg to Lusaka was ZAR4,500! That is why I changed my flight because that flight was full.
The young man said something to me that is poignant. " You know what sir, the unfortunate thing is that I don't see these opportunities that all these foreigners are seeing. I go home every night and try and work it out,  but I cant. Why are all these foreigners seeing opportunities and yet we Zambians cant?".
THE SECRET: There is an interesting dynamic going on in Zambia right now. This could either freeze us out as Zambians or benefit us.
 -  Basically, white/Indian  Zambians and settlers are sniffing out the opportunities and then transmitting that information back to their relatives, business associates abroad who are able to borrow funds at 3-6% per annum in USD, while w e Zambians have to compete and borrow at 36% (if you can find the money) i
n our local market. All the real estate deals and mining licences are being snapped up by these guys.
- Therefore, the key is for us Zambians to support each other's businesses by patronising /buying from establishments owned and run by Zambians, and without of course compromising on quality and standards.

1 comment:

  1. Embracing these daily surprises cultivates a learning mindset, encouraging exploration and expanding knowledge. How Delete VPN It's a delightful way to infuse a touch of wonder into each day."

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