Zambia Sugar overpricing its products, says Scott

VICE-President Dr Guy Scott says he has reported Zambia Sugar Plc to the Zambia Competition Commission for using its monopoly to overprice its products.

And Vice-President Scott says the government needs to enforce regulations on the mining operations in the country to curb vices such as tax evasion and ensure that people get a fair share from their natural resources.

A recent report by a non-governmental organisation, ActionAid entitled Sweet Nothings, claims that Zambia Sugar Plc, a company in the Illovo Sugar group, which was bought in 2007 by Associated British Foods, uses tax-haven sister companies in Ireland, Mauritius and the Netherlands to minimise tax and has in the process prevented Zambia from collecting $27 million in tax revenue.