Wed, 09 Nov 2016 11:53:36 +0000 LUBURMA marketeers have been given a seven-day ultimatum in which to pay all outstanding rentals billed in dollars or face eviction, the ultimatum was given by China Henan, the company that built Luburma market on a 65-year lease agreement with government. Traders at the market had sued the company for charging them exorbitant amounts for rentals at unverified rates which were also quoted in dollars saying the company was exploiting the locals. On 30th June this year, the High Court ruled in favour of the marketeers and ordered China Henan to immediately revert to billing their tenants in Kwacha but the company has defied the ruling and has told tenants to settle all the outstanding bills for rentals which were not paid during the period the issue was in court. The marketeers yesterday protested the company’s decision saying they had not refused to pay the outstanding rentals but that […]
