Zimbabwe's government forced to give civil servants a cushioning allowance to avoid strike | IOL Business Report

HARARE – Zimbabwe’s finance minister, Mthuli Ncube, who has projected a 3 percent growth for its economy in 2020, said there would be no “silver bullet solutions” to the monetary crisis in that country and has asked citizens to have confidence in the Zim dollar unit introduced last year, while pleading for more time despite a worsening economic situation.

“Treasury notes the government’s decision to cushion members of the Public Service Commission from the adverse economic challenges through the awarding of an interim cushioning allowance for January,” said George Guvamatanga, the secretary for the treasury. He added that the treasury had given concurrence to the “implementation of the cushioning allowance” by awarding a minimum of ZWL400 and a maximum of ZWL800 for the respective lowest and highest grades.

Ncube asked for more time to turn-around the financial sector, and also implored Zimbabweans to have confidence in their own currency.

busrep Dreamer of note!!!

busrep 3% of 0 is still 0

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WEF 2020 bids to create seat at the table | IOL Business ReportWEF has identified three main areas deserving of the world intelligentsia’s attention. These are overcoming income inequality, societal division and climate crisis, writes Dr IqbalSurve. busrep
Source: IOL - 🏆 46. / 51 Read more »

PIC interim board accused of flouting processes in search for new CEO | IOL Business ReportThe interim board of PIC, which has been tasked with restoring proper corporate governance at the asset manager, has been accused of flouting processes in the recruitment of a new chief executive. busrep busrep Will we ever rest🤔 busrep Institutional incompetence. busrep Where the ASKARI CABAL is found rest assured corporate corruption will be implemented. Their arrogance is absolute
Source: IOL - 🏆 46. / 51 Read more »

Ramaphosa to deliver eulogy for business icon Richard Maponya | IOL NewsPresident Cyril Ramaphosa will on Tuesday deliver the eulogy at the Special Official Funeral of the late business leader Dr Richard Maponya in Johannesburg, Gauteng. when i saw the word eulogy i was about to jump with joy. i thought God did us all a favor and took Pravin. then boom i saw Dr Richard Maponya 😔 anyways RIP PravinMustGo
Source: IOL - 🏆 46. / 51 Read more »