Kwacha – Ngwee, different money, different value

pumaDear editor,

The issue of kwacha rebasement might cause more harm than good. One does not need to be a qualified economist or bank of Zambia rebasing manager or finance minister to note the happenings that have accompanied the rebasing of Zambian kwacha.

Money is simply defined as coins or bank notes that you use to buy things. One of the main purposes of kwacha rebasing is to simplify business transaction. If this is what it means to simplify business transactions then the bank of Zambia should revisit the work, because it is not well done. Look at the photo above;

Traders and chain stores operators are making more money in their pockets by rounding off their initial prices to the nearest higher number, for instance, k8155 to kr8.16  or k12893 to kr12900. People of Zambia this is the harm or poison iam talking about that has started killing the poor. It looks insignificant but at the end of the day the seller pockets millions (kr). The man at state house cannot see or taste this poison, because he does not trade.

Rebasing is a very brilliant undertaking if such crooks are flashed out of the system. At that moment, week will proudly say different money but same value. But with the current situation it is different money different value.

Happy twenty thirteen Zambia, let us work together for mother Zambia. Love you Zambia.

Concerned Citizen

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99 Responses to "Kwacha – Ngwee, different money, different value"

  1. sandwe Malambo  January 4, 2013 at 15:39

    The net effect of rounding off upwards increasing value for numbers greater than 5 and downwards decreasing value for numbers less than 5 is Zero.Take a survey of pricing a round and net the effect

  2. ram j  January 3, 2013 at 12:53

    you don’t round off money, just as you can’t round off a person. Who would be happy to lose. Rounding-off is a stealing tact in this rebasing syndrome.

  3. old mad dog  January 3, 2013 at 09:15

    this re basing thing this new to most of the children of my brothers and sisters.But for us born in the late 70s nothing is new.when i went to grade eight in 1990 we paid boarding fee k100.This was the highest denomination in kwacha not until old folks brought in FTJ and his gang things changed in 1992 they introduced k500 shit changed. for us we ca not see any change.

  4. REBASED ZULU  January 3, 2013 at 08:57

    OKAY BACK TO SCHOOL:were you trained at the warefare school-ngolofonya (community school)

    8000 = 8.0
    8001 = 8.0
    8010 = 8.01
    8110 = 8.11
    8140 = 8.14
    8149 = 8.15
    therefore:
    8155 = 8.16 rounded to the nearest tenth.
    or if you like below 5 its minus and 5 and above its a plus.
    You created this dullness at early stage instead of going to school you used to go play dise/sojo ,swimming ku ka die die or gone mukulunga itoni at the expense of learning simple mathematics

  5. REBASED ZULU  January 3, 2013 at 08:41

    so in accounting point of view it means that to every 4000 litres they sale they are making a profit of K 20000 (KR 20)

  6. REBASED ZULU  January 3, 2013 at 08:35

    To the nearest digit you have forgotten your maths

  7. oga  January 3, 2013 at 08:25

    There is nothing wrong with this rounding off. In basic maths, any figure below the number 5 does not count when you round off e.g
    K8,155 becomes K8.16 and K8,144 becomes K8.14. You cannot change this principle unless the watch dog wants to invent onother branch of maths.

    • dekelani  January 3, 2013 at 12:12

      iyo ni point oga. walasa ta

    • kelly  January 5, 2013 at 12:18

      school is good. thank God i went to school where i was taught sence and not answers. Surely such simples things as rules of decimals that i started learning in grade 3 ( Hundreds, Tens and Ones)somebody cant understand? How have you managed to go through college or university and find a job?

      You were the ones who were taught that: Who was the first zambian president?

      A. Kaunda

      B.Mugabe

      C. Julius Nyerere

      D. Chiluba

      The teacher used to tell you the answer is A and not that its Kaunda.

      The day another teacher changed the answers as

      A. Mugabe

      B. Kaunda

      C.Julius Nyerere

      D. Chiluba

      your answer still was A. When your teacher marked you wrong even protested saying thats not what Mr. Chileshe taught us. Asked as what mr.Chileshe taught you always says the answer to the above question is A.

  8. bonki  January 3, 2013 at 07:37

    The rounding of figures to higher is a bad sign. It simply show that we have so many thieves in the country. That is why we are among the most expensive country in southern africa. From banks to ZRA at the borders to sales agents across the country, every one want to steal in one way or the other. This country stinks of corruption. Dont just point fingers at politicians alone. Lets look at ourselves first. The politicians, Policemen, Solders, Sales agents at the borders, Judges, Accounts, Lawyers, ZRA employees, Teachers, Pastors, Fathers,foreigners and so on, are all coming from our societies. They are not manufactured some where in the space. They are our real sons and daughters of these country, with responsibilities to manage our country. So what do expect from such rotten society?

  9. Advocate  January 3, 2013 at 07:06

    Rounding up values after a decimal is just normal otherwise there could be several denomiinations representing endless nuerals after the decimal. Use your head or better keep quite.

    • boet swart  January 3, 2013 at 07:55

      Before you tell any body to be quite, dont you see the reasoning in that man’s writting. if really you are an advocate maybe in a local court! why dont they the bank of zambia round up to a lower value if at all its for poor zambians benefit.

  10. IDRIS  January 3, 2013 at 00:00

    Welcome to reality,nothing is ever exact in life,rounding off figures is basic mathematics.The rate of the Dollar is a rounded off figure.The exact exchange rate is such a string of figures after the decimal.Ignorance is really expensive

    • kaspalamamba  January 3, 2013 at 07:02

      IDRIS or Is it IRIS,the point is that if ou round off like it has happened above then the fuel seller gains a cool K50 and if am buying a 100,000 liters it means i have to pay an extra K5,000,000 to get the same amount of fuel.It seems you are the one with low math IQ

  11. TC  January 2, 2013 at 22:30

    All this rebasing is mistimed they have off loaded kwacha only ngwee have not been off loaded. By the time the ngwee will be off loaded to the market they will find that all the prices will have been rounded up to kwacha. Any thing costing less k1(one kwacha) will be rised to one kwacha then ngwees will be useless. They should have brougt ngwees first to run along with old currency for at least three month. Then later that was when they could have brought new kwacha.With what they have done ngwee will be useless when it comes.

    • Good_point  January 3, 2013 at 13:59

      very good point TC!

    • Carlos Anabu  January 4, 2013 at 21:17

      TC what do u mean they have not offloaded the ngwees? do u stay in congo or what? or are u coin blind that u can’t see them, coz even my 9year old brother has them in his pocket

  12. humphrey  January 2, 2013 at 21:57

    multiply k5 by 2million litres of fuel.Is rounding of jusfiable? Unfortunately the dull find the word dull easy to use.

  13. Mus Juke  January 2, 2013 at 21:54

    Zambia consumes about 21,000,000 litres of petrol per month, and the average filling station sales 100,000 litres of petrol per month. Assuming 80,000 of the petrol sales are ULP (the reference fuel in the picture), at K8,155 per litre, the monthly revenue on ULP only is K652,400,000.

    The commercial mark-up that ERB prescribes is an unknown quantity, but safe to assume (educated assumption) it is anywhere between 2% and 8%. For simplicity, we will take the midpoint i.e, 5%. At 5% mark-up, the average filling station owner would therefore make K32,620,000 in profits on ULP only.

    Now, what happens if the price is K8,160 (which is what the picture suggests it has been rounded up to i.e., Kr 8.16). At this revised price, the average filling station owner would make an additional K20,000 (i.e., Kr20) in extra profits per month (Kr240 annual) on ULP only.

    In real currency, it appears individual filling station owners will actually not make much money from this rounding off scheme. Consumers affected by this should consider the additional K5 they are paying as a “rounding-off” levy or tax, which only benefits filling station owners (albeit a small benefit of a mere K1,260,000,000 for the whole industry on ALL petrol per annum NB: assuming a uniform K5 rounding off)!

    The real problem, however, is the actual principle applied in rounding off. Should it unfairly disadvantage the consumer, as it does in this case? K5 is K5 too much if it’s being taken from you without your express permission! This is what I believe this article is correctly pointing out. Consumers are being fleeced!

  14. shakaz  January 2, 2013 at 20:11

    This issue depends on how the commodity was priced before rebasing. BOZ should have foreseen this, espcially for essential commodities and services. At least lets be thankful that mealie meal, rentals, medical bills, beer, etc will not be rounded off to the disadvantag5e of the consumer. By the way, has anyone come across rounding up or rounding down, as opposed to rounding off?

  15. shakaz  January 2, 2013 at 20:03

    This issue depends on how the commodity was priced before rebasing. Be thankful that mealie meal, rentals, medical bills, beer, etc will not be rounded off to the disadvantage of the consumer. By the way, has anyone come across rounding up or rounding down, as opposed to rounding off?

  16. Steve  January 2, 2013 at 18:49

    You’re very dull please go back to school to improve your mathematics rounding off to the nearest ten doesn’t increase the affected figure but only shortens it maintaining the same value. Eg Diesel selling @ k7661 kr 7.66

    • Eh?  January 2, 2013 at 19:11

      You honestly can’t see tht it costs K45 more in the rebased currency

      • REBASED ZULU  January 3, 2013 at 08:46

        you are dull

    • steve chokopo  January 2, 2013 at 19:51

      steve, steve ,steve mwana wandi iwe chikopo. let me debase KR 8.16 it becomes K8160. do you see that…sorry for calling chikopo mwana wandi.

  17. Steve  January 2, 2013 at 18:47

    You’re very dull please go buck to school to improve your mathematics rounding off to the nearest ten doesn’t increase the affected figure but only shortens it maintaining the same value. Eg Diesel selling @ k7661 kr 7.66

    • steve chokopo  January 2, 2013 at 19:55

      steve, steve ,steve mwana wandi iwe chikopo. let me debase KR 8.16 it becomes K8160. do you see that…sorry for calling chikopo mwana wandi.

  18. Zambian  January 2, 2013 at 18:43

    i agree with the author, in Solwezi at Yumilishasi take away they have rounded off on all the food staffs with a 500. for example chicken and chips we were buying at 17,500 now it K18.00 which means people have spend un extra 50 ngwee on every purchase.

    Those that want proof with this should visit the place tommorow.
    God have mercy on us.

    • Ulemu ni Wabwino  January 2, 2013 at 19:29

      They are against the law so they must be visited and punished by the law. Are they displaying the two currencies?

      • Mufana Wamahafu  January 3, 2013 at 08:33

        No, its not against the law if they’ve not displayed the old pricing.Its just an oversight. But on the other hand, if the K17,500 is displayed side by side with the K18 then yes its an offence.But this is what was feared,INFLATION. You can not force someone to sell his or her chickens at K17.50 simply because they were selling it at K17,500, no. Who are we to determine a profit margin for someone’s business? So, what they simply have to do now is display the pricing with an K18,000 side by side with a K18 PRICE TAG. The resultant is price increase-inflation

  19. Mr Kiss  January 2, 2013 at 17:34

    It seems WD has learned bloggers trying to out do each other huh?the some grade seven at state house they are laughing at is giving them headaches trying to figure out what he is doing.kudos to sata

  20. mangani  January 2, 2013 at 17:18

    the author of the article is just dull. this is basic maths. if the initial value was 8154 and the seller rounded off to 8.16, then his argument would be valid. go back to school mwana. it’s not too late! same applies to your president!

    • Umkonto We Sizwe  January 2, 2013 at 17:42

      Don’t call your friend dull. Its you who is dull. Educate him if you think he sees things different from the way you see them. What he is talking about is a real loss of money not the foolish maths lessons which we all did and understand very well. If I happen to have a short fall of the difference between K8155.00 and the now K8160 you may not assist me with the difference if I happen to buy over and above say 4000 liters of fuel per week. So can you now tell me who will be paying for the difference? Don’t bring your dullness on the site.

      Tell me who will be paying for the difference over a long period of time? Puma sells millions of litres of fuel and over a long period of time they stand to be the big thieves in the whole game of rebasing.

      • sushi  January 2, 2013 at 17:55

        Tell him!

    • cheelo  January 2, 2013 at 18:40

      GO BACK TO GRADE 7 AND LEARN ROUNDING OF FIGURES NGWELE… BESIDES WHO BUYS FUEL IN NGWEES? KAPUNZILE MATHS. RUBBISH ARTICLE

      • rebasing  January 2, 2013 at 19:33

        cheelo i can see the ngwele in you, you are a colonial locomotive retrenchee like your uncle.Read the rubbish article and get the sense. or i get you back to grade one and ask you same or different in terms of value K8155,KR 8.16 and K8160. bank of zambia did not say round off,look at the photo the price has been round off to K8160 0r KR8.16, you get the sense now.

      • Black Bull.  January 2, 2013 at 21:59

        Do not exhibit your dullness here.Don’t you know that there is difference of k5 when the price has been rounded off to the nearest and in this case it is to the higher next digit which gives a gain to the seller.Go back to grade 7 for more place values of digits.

        • Never Mind  January 3, 2013 at 08:35

          You are wrong. The difference is not K5 but K0.01 (8.16 minus 8.15). This is no big deal here.

          • REBASED ZULU  January 3, 2013 at 08:59

            ilichikopo

  21. Drazy  January 2, 2013 at 17:08

    Great observation!!!!!

  22. Look in the mirror  January 2, 2013 at 16:36

    It’s a valid argument but where were you going to find the KR 0.005 to pay the trader from?

    Unfortunately such rebasing was always going to have such limitation… as long as the net effect is 0 for traders and consumers then there shouldn’t be any problem. Over time the impact will cancel itself out.

    What I mean is this: next time you purchase an item worth K 8154, you will only pay KR 8.15 (your net is +KR 0.004 and another day you will pay KR 8.15 for the goods valued at K 8152 (or net of +KR0.002)… you see you have recovered your KR 0.006 that you were allegedly swindled of.

    From a practical point of view, they will have to round off, especially if you are paying by cash instead of a credit card. If you really don’t want to short changed, then insist on paying by credit card and politely ask them not to round off. Or you can always ask them to deposit a 1000th kwacha, either into your account or theirs.

    To give an example, where I live prices are of goods (particularly clothes) are usually quoted as $ X.99 (where ‘X’ is the dollar value). We end up paying the next higher value when paying cash and no one whines about it. Get on with life and worry about more important things. Let’s face, it will take you a long time for you to be a millionaire if you were to save KR 0.005 every time you buy fuel at that gas station :)

    • xmas  January 2, 2013 at 17:40

      mr mirror,that is not what is happening,i am in zambia right now leaving a gas station, the price is KR8.16 per litre. In some store an item costing K 1454 is tagged with a rebased price of KR 1.46. this is all working to the trader’s advantage. The Bank of Zambia did not mention of any rounding off to two decimal points.

      • Selita  January 2, 2013 at 18:44

        I think the solution is to abandon the K and start quoting in Kr and use the official price. The way I see it, whether the BoZ addressed the issue of rounding off or not, there still is bound to be a minimal loss incurred somewhere and an equal gain somewhere. However, BoZ concern is the macro effect. The impact on the buyer may be imperceptible but the gain on the trader is cumulatively substantial, assuming s/he will be allowed to invariably round up as s/he continues quoting in K and Kr at the same time.

      • Lubinda_is_the_man  January 2, 2013 at 20:32

        @XmasThanks for the info… It’s unfortunate that the K 1454 was rounded up to KR 1.46. That is definitely wrong as it should have been rounded down. That is an abuse of the entire process. In that case then the government or consumer protection groups should reign in the rogue traders trying to take advantage of the situation.

        Like I said, if the rounding up (.5 and above) and down (from .4 an below) was done correctly by both traders and consumers, the net effect would be zero on the consumer. I know in Zambia where monitoring and enforcing of regulations are hard, I wouldn’t be surprised if some people abuse the whole thing and take advantage of innocent customers.

        Where I live when they introduced a carbon tax (air pollution tax), the government issued a stern warning to companies not to abuse the process and hike the prices under the hidden blanket cost of carbon tax. The majority of genuine traders heed the warning, but of course there may be few unscrupulous traders taking advantage.

        The rounding of will be inevitable when doing cash transactions since you can’t find 0.005 Zambian rebased kwacha. But I think consumer protection groups should be move in and protect the consumers.

    • Wamulume Imasiku Mukundakufwa  January 3, 2013 at 08:21

      It means on say a mini bus or Big Bus to Chipata using 10,000 liters per month; on old currency he was paying K81, 550,000. On rebased rounded off he is now paying K81, 600,000 or +K50, 000 on every 10,000 liters. That is close to one passenger fare every month.

  23. Howling Wofl  January 2, 2013 at 16:22

    I knew this would happen, violating rules of mathematics in rounding off figures to rob the common woman and man. Even exchange rates have been rounded off the wrong way.

  24. electri village  January 2, 2013 at 15:57

    The loss to the consumer has been happening even before re-basing thru lack of change in terms of k100 and k50. Some of the more honest traders were giving sweets for change. In most cases customers had to forego lower denomination change. Now with the ngwee back, loss due to change will be less. The trader always has an upper hand, but now this will be less because we are now talking in terms of k0.01 difference instead of foregoing old k100 or k50. However, the pump price should have been k8.155, no need to round up (not off).
    My conclusion of the matter is that its a great idea! We just need to mind the implementation. Am giving credit where its due. Thanks.

  25. musangu  January 2, 2013 at 15:41

    watchdog don’t mislead pipo,those in malaysia and countries with big economies wud agree with me.the use of coins is greatly appreciated in these countries and for zambia to follow suit it means a japanese or any other investor wud not see much difference when trading in zambia,wich is gud,wats the point u toking about then,this is actually a plus

    • Umkonto We Sizwe  January 2, 2013 at 16:07

      These are countries with sensible economies not ours.You don’t understand what you are talking about. The concerned citizen is talking about broad day light robbery that is taking place and can easily be seen by the above photo. K8155.00 should read as 8.155 and not 8.16. This is simple logic. The difference which is 5 whatever once multiplied by a million consumers will benefit the stealing filling station than the end user of the fuel. Get the sense from the Concerned citizen than the crap you are talking about. The concern is a genuine one and may only benefit these thieving traders.

  26. RASTA MAN(CULTURE DEFENDER)  January 2, 2013 at 15:34

    iam in business too,but in my busines i wl try by all means to avoid coins which are not easily portable.i wil do this by increasing seling prices.E.G A blank cd which i was seling at k1500(k1.50) before rebasing wil be at k2000(k2) SO THAT I DON’T BECOME A NGWEENAIR.AN ADAPTOR WHICH WAS AT K27500(K27.5) WILL BE AT K30,000(K30).WHATEVER I WAS SELING ABOVE K85000(K85) WIL BE AT K100,000(K100) SO THAT I BECOME RICHER.NOW I WONDER WHAT MINIMUM WAGE WOULD DO?

    • offman2000  January 2, 2013 at 19:36

      You have ignored market forces.You are not the only one selling the items there are those that will actually round off downwards but this is a nice mental exercise.

  27. Info  January 2, 2013 at 15:18

    The issue here is not the profit that the trader makes…for them it just becomes an opportunity that they exploit. The issue is it becomes non progressive because the value of things go up. This will result in an economic deep for 2013 and we will see the value of kwacha going down.
    If the benefits of rebasing out weigh the economic deep, then the rebasing is ok. I only fear that this rebasing if not properly handled will result in an increase in commodity prices.

  28. dewian  January 2, 2013 at 15:13

    This is what happns when all you used to do was jump through the window at school… This guy doesn’t know how rounding off works.

    • Zed@crossroad  January 2, 2013 at 15:57

      You are right this is the right way to round off. But with this it means you have lost K45 value per little. If you pay for 20littles like i did this morning it means the business got away with K900 (RK 9). If today they sell 10 000littles how much have they stolen from the people. May be this way you may understand since you are well schooled as you have put it above.

      • muye  January 2, 2013 at 17:38

        Good reasoning, my man! Right on the point.

    • Zed@crossroad  January 2, 2013 at 16:02

      with that correct rounding off, the trader is getting away with K45. If the trader says 10 000L then he/she gets away with K450, 000 (RK 450). that is stealing in broad daylight

    • Mature  January 2, 2013 at 16:13

      Thank you . . .
      This is too much arm chair criticism!!!

    • Howling Wofl  January 2, 2013 at 16:38

      I now understand that mathematics is a difficult subject. Rules of rounding off are very simple, the last number is increased by “1” when the digit following it is greater than “5”. When the digit is “5”, then a second condition is applied; i.e. you increase the number by “1” if the “5” is followed by a digit that is not a zero. When “5” is followed by “0” or is the last digit, you don’t increase the number by “1”. Hence, just to give an example,8155 cannot be 8.16, it is 8.15 but 81551 is 8.16

      • rebasing  January 2, 2013 at 17:48

        keep your maths to your self,who does not understand that,the issue here is not rounding off, they should not round off,bank of zambia did not say traders should round off,because it will be different money different value eg K8155 and KR 8.16 .this is want the article is all about mwana.

  29. alumani  January 2, 2013 at 15:06

    you pay more for fuel simple. with volumes even in a day more profits for the trader and the masses loss oyeeee

  30. Gundown  January 2, 2013 at 14:44

    This is Inter-land Puma filling Station I have seen that tree behind the MTN and Airtel posters. Anyway it belongs to Cathrine Namugala, so we just have to pay more since she is now PF.

  31. Zed P atriot  January 2, 2013 at 14:30

    100 0000 litres of fuel at old ZMK5 = KR500. And suddenly, you can almost pay the minimum wage for a domestic and then it makes sense!! There is robbery out there which must be checked.

  32. Zed P atriot  January 2, 2013 at 14:28

    If old ZMK5 is not valuable, then rebase to KR8.15 instead of (re-upping to)KR8.16. Does rebasing entail people paying more? That’s not what I heard.

    • space  January 2, 2013 at 14:57

      K8155 is equal to KR8.155. Since we work with 2 decimal places to represent coin units u round off 0.155 to 0.16 (mathematical rules of rounding off). I hope this is helpful.

      • Jon  January 2, 2013 at 15:43

        Your mathematics is rotten. Rounding numbers and maintaining the value of the currency are two diff. things,is 8,155 and 8,160 the same value? That is where the whole argument lies, it is noty about rules of rounding but rules of maintaining value of our aalready useless currency.

        • space  January 2, 2013 at 19:05

          It is okay that my math is rotten but that does not change the fact that 8.155 is approximately 8.16, which is how the latter comes about. I agree with those who are concerned with, for example, 0.153 being rounded off to 0.16. That is the reason, why the BoZ insists on prices being given both in old and rebased currency so that unfair conversions are picked up.

    • xmas  January 2, 2013 at 15:18

      bank of zambia said different money same value

      i do not think that is the different money same value in on the fuel pump

    • PFP  January 2, 2013 at 15:22

      you do not only know mathematics but realistic.

    • Bokoseni Mwale  January 2, 2013 at 15:37

      Zed patriot is a good example why not everyone should be entrusted with a voters card. Rounding off is the most basic mathematical operation and if you can’t comprehend it then you can’t tell the difference between Sata and Milupi

      • No Name  January 2, 2013 at 15:59

        The rounding up effect in the example given is a mere K5 in the old currency..which couldnt even buy anything in the Zambian economy…the rounding up is extremely immaterial and not worth making a big fuss about. In percentage terms this rounding up effect (5/8155) will only result in mere 0.06% as in the exampe given..

        • Umkonto We Sizwe  January 2, 2013 at 16:43

          Nonsense

      • Zed P at riot  January 2, 2013 at 20:11

        I am not only a lawyer but an MSc in Quantum Physics and Mathematics from MIT. I do have a fair idea on basic Mathis too! As to your views of my risk with a voters card!, perhaps if you are on the opposite side of the philosophy of Voltaire, Emmerson, Dicey and other great thinkers especially of the French democratic discourse. I beg to move and most obliged.

        • Zed P at riot  January 2, 2013 at 20:12

          MIT in Boston, Massachussets.

  33. zonde  January 2, 2013 at 14:25

    true, i have no peace 4 this so called KR currency

  34. menemene  January 2, 2013 at 14:24

    cnp at work

  35. Cumbu Munshololwa  January 2, 2013 at 14:17

    I concur with the writer.To an individual the loss is negligible, however, in the long term it makes a difference biiiiig time. If you consider volumes of sales, the trader makes even higher profit margins.

  36. Shipwe Shipwe  January 2, 2013 at 14:15

    This is the filling station at interland on Burma Road owned by Catherine Namugala. What are you trying to say, that her filling stealing from the innocent public through the rebasing of the Kwacha?

    • Zed@crossroad  January 2, 2013 at 16:00

      Yes

    • Umkonto We Sizwe  January 2, 2013 at 16:36

      All puma filling stations have joined the broad day light robbery

  37. Vilifier  January 2, 2013 at 14:14

    The example in the picture is a bit harsh, but the point is valid that consumers will be the big losers.

    I had a check on online currency converters, the rates are not rebased at all.

  38. Matako Ya Nkoko  January 2, 2013 at 14:12

    Someone did not do their elementary maths lessons at school. You round off anything 5 and above to the nearest 1, ok? For example round of 8.1555 to two decimal places becomes 8.15. Round of 8.524 to two decimal places becomes 8.52. I hope this helps in making your dead head active.

    • Industrial Giant  January 2, 2013 at 14:38

      True.

      • Vilifier  January 2, 2013 at 14:52

        You have brought up a good example. The point is most sellers will not be ready to forego the KR 0.004, so as per your example the price rounded up to K 8.53

    • xmas  January 2, 2013 at 15:29

      mr matako ya nkoko, you are matako sir and ya nkoko for sure. do not miss your night school lessons tonight. what you mean is this 8.155 to 8.16 and 8.153 to 8.153.thanks for your ignorance. lets hope you are not a colonial locomotive driver whose highest quilification is G seven and wish to get to state house. My dear your uncle is the first and last locomotive drive to lick state house for a term. thanks enjoy your day.

      • Look in the mirror  January 2, 2013 at 16:16

        @ xmas quick to jump up and insult your friend when they make an error, huh? Unfortunately we all make mistakes as we are only human… just check your ‘correction’ – apparently you too need a ‘correction’ dress down.

        What you also really meant was that ‘8.153 to 8.15′ for 2 decimal places (not 8.153 in your example). Who is laughing now, huh? :(

  39. Honest  January 2, 2013 at 14:11

    Good observation which need urgent attention.

  40. Ba Zed  January 2, 2013 at 14:10

    Pliz….!!!!R u just saying this 4 the sake of debate?Wat value will u lose wen KR0.005 is rounded off? This doesnt mek any change coz the materiality is negligible!

    • Matako Ya Nkoko  January 2, 2013 at 14:15

      the writer of the letter needs to go back to grade 5. Rounding off means just that. Stop being boring please. Get busy with elementary maths lessons and life will be less of complaining and more of working hard so you can round off your own figures. So start rounding off your head for starters….!!!!

      • Malala  January 2, 2013 at 14:37

        Its not the writer hu rounded it off its the owner of da fillin station

    • xmas  January 2, 2013 at 15:36

      KR0.005 is K5 which is agwee,Bank of Zambia come to my rescue. i am confused.

    • xmas  January 2, 2013 at 15:54

      mr matako ya nkoko,you are matako and ya nkoko for sure. explain to us if the to figures have the same value; K8155 and KR8.16 . the write mr Ya nkoko is right and might be no learned than you. read the article again. thanks

  41. ken  January 2, 2013 at 14:10

    You are very dull indeed. In practicality were you paying that last digit from K8,155?

    • space  January 2, 2013 at 15:03

      It is not nice to call others dull. God gifts us differently and so may be this person’s gift is not in maths but something else. One may not always remember everything they learnt in school. That’s why, for example, you see even learned people using calculators regularly.

  42. Shipwe Shipwe  January 2, 2013 at 14:09

    From all of us here at Chainama Mental Hospital, we wish you a Happy Esther and a successful 1987. We greatly miss you !

    • aj  January 2, 2013 at 14:20

      @Shipwe Shipwe, elo yalubana nomba! Years rebased…… i like your joke. people are too serious here, they need some laughter….

    • Kamutanda  January 2, 2013 at 14:33

      Sophie Siphiwe, it won’t be long before they join you at the rate they are going, actually their return is long overdue

    • Siye  January 2, 2013 at 15:04

      Kekekekekekekeke!!!!! Wandepulembafu mambala iwe.

    • CHECHA  January 2, 2013 at 16:31

      UVE MADE MY DAY

  43. dalitso  January 2, 2013 at 14:03

    at least lelo ba watchdog mwachitako report ifyamano

Comments are closed.