twitter20
News
Mwadiwa appointed new Press Corporation plc Chairman PDF Print E-mail
Wednesday, 09 September 2020 14:06

Mr Randson Mwadiwa Chair

Press Corporation plc Board of Directors have appointed former Secretary to the Treasury Randson Mwadiwa as its new Board Chairman following the retirement of former Chairman Patrick Khembo.

Mwadiwa was appointed to his new position following a Press Corporation plc board meeting held in Blantyre on Monday.

Press Corporation plc Company Secretary Bernard Ndau confirmed of Mwadiwa’s appointment and two other new non-executive directors on the board.

“Apart from the appointment of Mr. Mwadiwa as Chairman of the Board, two other non-executive directors were also appointed namely Mr. Dye Mawindo and Mrs. Betty Mahuka,” said Ndau.

Khembo together with other two directors Ben Chidyaonga and Estelle Nuka retired from the Press Corporation plc board recently.

Mwadiwa holds a Bachelor of Arts Degree in Public Administration, Master of Arts in Public Administration and another Master of Arts in Industrial Affairs.

After graduating from the University of Malawi’s Chancellor College in 1978, Mwadiwa joined Commercial Bank of Malawi as a Management Trainee before joining the Malawi Civil Service in 1979 where he severed in various positions until he retired in 2016.

Among other positions that he served in the civil service include Secretary to the Treasury, Secretary for Agriculture, Secretary for Energy and Natural Resources, Secretary for Gender and Children, Secretary for Transport and Public Works and Secretary for Industry and Trade.

Mwadiwa has also served on a number of parastatal boards for a number of years and currently consults on Public Finance Management and Public Service Reforms.

Press Corporation plc which is listed on the Malawi Stock Exchange (MSE), is one of Malawi’s largest conglomerates with interests in different sectors of the Malawi economy including financial services, telecommunications, food and beverage, energy and consumer goods.

By Mc Donald Chapalapata, a Contributor

 
Election of Chairman of The Board of Directors PDF Print E-mail
Tuesday, 08 September 2020 11:01

Mr Randson Mwadiwa Chair

PRESS CORPORATION PLC (PCL) is pleased to announce that at its 163rd Meeting held on Monday, 7th September 2020, the Company’s Board of Directors elected Mr Randson Mwadiwa as the new Chairman of the Board. Mr Mwadiwa succeeds Mr Patrick Khembo who retired from the Board on 21st August 2020 after serving as director for five years.

Mr. Mwadiwa is an accomplished public administrator, with particular interest and expertise in public finance management as well as public sector reforms. He has had a distinguished and enviable public service record spanning over a period of 40 years, during which he rose to serve as Principal Secretary in various ministries including Ministries of Finance, Trade and Industry, and Energy and Natural Resources. In this role, he had close interaction at high level with private sector players and was instrumental in ensuring an effective interface between public and private sector interests.

Mr Mwadiwa has previously served, and continues to serve, on several boards in the private as well as public sectors.

The Board and Executive Management of PCL express their gratitude to Mr Khembo for his commitment and leadership; and, congratulate Mr Mwadiwa on his election as Chairman and wish him success.

By Order of the Board
signature board

BENARD M.W NDAU
COMPANY SECRETARY

Dated this 7 th day of September 2020

 
Labour Minister Kandodo visits PCL offices PDF Print E-mail
Wednesday, 29 July 2020 09:23

DSC 0003CMinister of Labour Ken Kandodo on Tuesday 28th July 2020 visited offices of Press Corporation plc at PCL House, Top Mandala in Blantyre.

The newly appointed minister said he thought of interacting with Press Corporation plc management on the task of creating 1 million jobs.

“We thought we should engage and share ideas on the creation of 1 million jobs with Press Corporation plc being one of the largest conglomerates in the country,” said Kandodo who was flanked with Principal Secretary for Labour Dr Esmie Kainja and other technocrats in the ministry.

In his remarks, Press Corporation plc Group Chief Executive Officer Dr George Partridge said creating 1 million jobs is possible and can be done.

“We pledge our support towards the creation of 1 million jobs. It is possible and it can be done given the right environment,” said Dr Partridge.

He called on the minister to push for Labour Law Reforms saying some laws are skewed towards one side which makes it difficult to create a conducive environment for job creation.

Dr Partridge also called on government to address challenges regarding unfair and uncertain interpretation of laws by regulatory authorities and lack of level playing field by regulators generally, and in respect of the interpretation and enforcement of tax laws specifically which have seen some of its subsidiary companies like Castel Brewery Malawi laying off workers because of tax issues.

 

“We also want government to be flexible to give licenses to independent power producers. We had partners who were ready to invest with us in the power sector but they left frustrated because government could not give us power licenses yet when they went to Mozambique and Zambia they had not problems and one tend to wonder what is wrong with Malawi?” said Dr Partridge.

 

He also asked government to address issues of tax evasions and counterfeit products saying it is disheartening for tax compliance companies like Press Corporation plc and its subsidiaries such as PTC to be victims of others who do not pay tax and bring counterfeit products and choke production of genuine products who also pay tax to government.

 
PCL delists from London Stock Exchange PDF Print E-mail
Wednesday, 29 July 2020 07:44

Khembo centre addresses the Virtual AGM flanked by PCL Group Chief Executive Officer Dr George Partridge left and PCL Company Secretary Bernard Ndau

PCL delists from London Stock Exchange

Conglomerate Press Corporation plc has delisted from the London Stock Exchange (LSE) as a global depository receipt following a review of continued benefits of listing on the bourse.

Press Corporation plc Board Chairman Patrick Khembo told the company’s Annual General Meeting (AGM) which was held virtually due to the Covid-19 pandemic in Blantyre on Friday that Press Corporation plc delisted on LSE on 10th July 2020.

“I would like to inform all shareholders that, following our application, the Company was delisted from the London Stock Exchange with effect from 10th July 2020. The Board took the decision following a careful and thorough assessment of the benefits of our continued listing on the London Stock Exchange.”

“The factors that were considered included the extremely low trading volumes for the past years; huge regulatory, compliance and administrative costs the Company incurs annually; the likely liquidity benefits that a cancellation could trigger on the local market,” said Khembo.

Read more...
 
Trading statement in respect of the six months period ending June 2020 PDF Print E-mail
Thursday, 02 July 2020 12:28

PRESS CORPORATION PLC
COMPANY REG. NUMBER 4029

In terms of the Listings Requirements of the Malawi Stock Exchange Limited, a listed company is required to publish a trading statement as soon as there is a reasonable degree of certainty that the financial results for the period to be reported upon next will differ by at least 20% from that of the previous corresponding period.

Read more...
 
Notice of virtual Annual General Meeting PDF Print E-mail
Tuesday, 30 June 2020 06:25

AGM-Notice-Thumb2020NOTICE OF VIRTUAL ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN THAT THE THIRTY-SIXTH ANNUAL GENERAL MEETING OF THE COMPANY WILL BE HELD VIRTUALLY ON FRIDAY, 24TH JULY 2020 AND COORDINATED FROM PCL HOUSE, BLANTYRE STARTING FROM 14:00 HOURS.

 

Read more...
 
National Bank of Malawi Plc and Press Corporation Plc donates medical equipment to Kameza Isolation Centre worth MK18 million as part of COVID-19 response. PDF Print E-mail
Tuesday, 26 May 2020 18:34

PCL COVID-19 Response: Group CEO for PCL, Dr. Geroge Partridge (left) makes a symbolic presentation to Director of Health and Social Services at Blantyre District Health Office, Dr Gift Kawalazira, at the Kameza Isolation Centre site.PCL COVID-19 Response: Group CEO for PCL, Dr. Geroge Partridge (left) makes a symbolic presentation to Director of Health and Social Services at Blantyre District Health Office, Dr Gift Kawalazira, at the Kameza Isolation Centre site.

As part of Covid 19 response PCL and National Bank, one of its subsidiaries joined hands and made a combined donation of various Medical Covid related materials to Kameza Isolation Centre and College of Medicine respectively. The donation totalled K35 million split in two between the two centres.

Read more...
 
NOTICE TO ALL OUR STAKEHOLDERS PDF Print E-mail
Tuesday, 28 April 2020 18:08

NOTICE TO ALL OUR STAKEHOLDERS

Please note that in light of the Government announcement to enforce a national wide 21 days lockdown effective from midnight of Saturday, April 18th 2020 with possibility of extension as circumstances may require, Press Corporation Plc corporate offices in Blantyre will be closed during this period. Despite this, please be informed that core services of the PCL corporate office will however continue to be provided remotely by employees from home. In case of any work related issues whilst in period of lockdown, please feel free to contact PCL Corporate Office on the following numbers:

0888 467 266 - Operations

0887005902 - Administration

0888960031  - IT

0888239200 - Finance 

 

We wish everyone of our stakeholders a safe lockdown. Remember to sanitize and stay safe.

 

Notice to all our Stakeholders:

 
Trading statement in respect of the six months period ending June 2019 PDF Print E-mail
Wednesday, 26 June 2019 07:09

PRESS CORPORATION PLC
COMPANY REG. NUMBER 4029

In terms of the Listings Requirements of the Malawi Stock Exchange Limited, a listed company is required to publish a trading statement as soon as there is a reasonable degree of certainty that the financial results for the period to be reported upon next will differ by at least 20% from that of the previous corresponding period.

Read more...
 
Amendment to Company Name PDF Print E-mail
Friday, 02 February 2018 22:17

CIRCULAR TO PRESS CORPORATION LIMITED SHAREHOLDERS ON AMENDMENT TO COMPANY NAME BY ADDING THE WORDS “PLC” AT THE END OF THE NAME ‘PRESS CORPORATION’

(Section 48 of Companies Act 2013)

Shareholders of Press Corporation Limited (”the Company') are hereby advised of the following:

1 THAT Section 48 of the Companies Act 2013 provides that the name of a public limited liability company shall end with the words ‘public limited liability' or ‘Plc'.

Read more...
 
Trading Statement in Respect of the Year Ending 31 December, 2017 PDF Print E-mail
Wednesday, 20 December 2017 00:00

In terms of the Listings Requirements of the Malawi Stock Exchange Limited, a listed company is required to publish a trading statement as soon as there is a reasonable degree of certainty that the financial results for the period to be reported upon next will differ by at least 20% from that of the previous corresponding period.

Read more...
 
<< Start < Prev 1 2 3 4 5 6 7 Next > End >>

Page 1 of 7

Press Corporation PLC. All rights reserved. Developed by Softek