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{
    "id": 1109839,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1109839/?format=api",
    "text_counter": 431,
    "type": "speech",
    "speaker_name": "Kibwezi West, Independent",
    "speaker_title": "Hon. (Dr.) Patrick Musimba",
    "speaker": {
        "id": 1804,
        "legal_name": "Patrick Mweu Musimba",
        "slug": "patrick-mweu-musimba"
    },
    "content": " Thank you, Hon. Temporary Deputy Chairlady. I rise to just give a caveat on this particular clause. I think we need to be cognisant of the matter that has been raised by Hon. Eseli. The minute we give our farmers – as much as we want to protect their interest – 51 per cent shareholding, and we know that companies do make losses, we could be exposing farmers to further grief and also exposing the sugar mill. Hon. Deputy Chairlady, there are also instances when a company has further capitalisation, ending up having impact of delusion of your shareholding in lieu of them covering whatever liabilities are in place. As one of the Members has mentioned, if it is an issue of policy, this can be captured within the Articles and Memorandum of Association as opposed to expressed shareholding as parts of the conditions of privatisation as opposed to trying to limit it with shareholding percentages. So, the House needs to note that particular import. I thank you."
}