Minister of Transport and Communications Brian Mushimba says Zampost is viable and will continue providing services to the nation.
And Mr. Mushimba says Zampost requires K50 Million to revive its revenue streams which were suspended due to mismanagement of funds.
He told Parliament this morning that Zampost is facing financial challenges because most of its revenue streams have been suspended.
Mr. Mushimba explained that the state-owned enterprise was earning about K11 Million from the fees it was collecting on behalf of Multi Choice and Road Transport and Safety Agency but the services have since been suspended.
He added that the financial challenges at the company have worsened due to the failure to recover the K20 Million debt owed by government and private sector.
Mr. Mushimba said the company will be able to pay salaries to the workers once the revenue streams that have been closed are opened.
He said in order to help the company move forward, government is restructuring management at the company which has also provided a strategic plan on how it will revamp its operation.
Mr. Mushimba says it is the hope of government that Zampost will in future clean up its books so that it is listed on the Lusaka Stock Exchange because that is the only way that the company will attract capital.
He was responding to a question from Mumbwa Member of Parliament Credo Nanjuwa who wanted to find out the cause of work stoppages at Zampost which started on December 12, 2018.
Zampost Workers across the country have staged a protest demanding for 5 months’ salary arrears.