The Securities and Exchange Commission (SEC) has advised Zambians to exercise caution when dealing with individuals and businesses that advertise excessive earnings through contract farming.
People run the risk of losing their money, according to SEC Chief Executive Officer PHILLIP CHITALU, if they take advantage of businesses that provide implausible contract farming offers.
Mr. CHITALU said any company that is not registered with the Bank of Zambia, the SEC, or any other authority must be examined before people can start to engage in any business transactions in response to the rise in contract farming activities in the nation.
According to Mr. Chitaulu, a normal promise for profit must be in the neighborhood of 25% and should not be more than what the government promises when issuing bonds.
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