Email a copy of 'Dissecting economic leverage that justifies Mutharika’s stand on Malawi Savings Bank' to a friend
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Email a copy of 'Dissecting economic leverage that justifies Mutharika’s stand on Malawi Savings Bank' to a friend
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Four TNM customers have won motorised tricycles in the on-going Tikolore promotion which aims to celebrate the current harvest season...
This Chakhalira boy is an idiot. The whole reason MSB must be is so we do not have politicians meddling into the banks affairs. Government can not run a bank period. The bank must be sold so it operates as a commercial entity or at least govt should be a minority share holder. I do agree MSB needs to get their money back from the defaulters. My question is why has the bank failed to do that. Why ddnt the bank pounce on defaulters the time PP was in power. The issue of the bank must be closed, dispose of… Read more »
Chance, there is nothing knew that you are telling us. All that had already been covered before and you are heaping us with all your ignorant glory.
This is not the right time to sell msb because the sale is being instigated for personal and political reasons. There are no convincing economic reasons for the sale now.
Convinced? Far from it. If anything you’ve made even more aware of the stink that surrounds the planned sale. Yes, MSB needs to be sold. But giving it away to someone from the President’s tribe after it’s been shorn of the toxic debts that were forcibly obtained by party cronies and tribesmen is immoral. Once the government gives out the promissory notes, that will be the end of it. The government doesn’t have a good record where debt collection is concerned, no matter what entity is formed for the purpose. If anything, the planned entity will just be another vehicle… Read more »
This spin doctor wants to back the ruler of new democracy in Malawi by the name of APM.APM as we all know runs “government of some people, for some people and for some people”.In the initial quest to sale, he was just trying to put into practice what he believes in.He was doing it for the benefit of some people.However, so much pressure was put on him such that he has employed spin doctors like chingwalungwalu ,viola and many more that are going to back him since they benefit from his new definition of democracy. MSB is capable of surviving… Read more »
A Chakhalira mukutsitsa mfundo! Bvuto lathu ife a Malawi ndi lack of patriotism, we have no sense of pride for our nation! What we care about is our individuality! Thus why people never get together to oppose real issues done by politicians.
chakhalira has just said it plainly no need to interpret and the solution is what puludzu has said. all defaulters pay back and sell their assets. MCP & PP be clever, the bank will be sold off once parliament rises so chankwantha be ready with injunction. but mullishould payback.
KUNAMIZA ANA KUMENEKO.
First of all it is important to understand why MSB is making losses when the other banks even smaller ones are posting huge annual profits in billions. MSB is surely not a loss making entity. You can’t deny the fact that this issue is all political. You can’t run away from the fact that there is a sinister motive in the hatched sale of MSB. All the purported non compliance of Basel II requirements and the talk of losses serve more to justify this ill conceived idea than telling us the real motives behind the sale. Declare those failing to… Read more »
You people are talking too much for the President. You are bringing in a lot of unnecessary issues. You talk of MSB, Air Malawi, Inde Bank & RBM…… What for? All this you have brought in is your shallow politics that will not help Malawians. Malawians know very well, much better how to handle this problem. They have told you what to do. First let all those defaulters pay the Loans they took. Period!!!. If I may ask, why are you talking of Reserve Bank here? Where were they when these defaulters were NOT repaying there Loans? Do you want… Read more »
We all get it. The problem is that the people involved are Mathanyula’s cronies. It is very murky because the people who owe the bank toxic loans are very close to Mathanyula’s family and although with all good intentions the sale of MSB in the public eye looks like he wants to save the Mullis etc. etc. That’s the problem Mathanyula has to deal with. He has a serious PR problem on his plate.