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Thursday, September 29, 2022

South labour movement happy govt.’s debt swap initiative

General News South labour movement happy govt.’s debt swap initiative

The labour movement in Southern province has commended the government for committing itself to a debt swap for civil servants with immediate effect.

In an interview with ZANIS in Livingstone, Zambia Congress of Trade Unions (ZCTU) Southern Province Regional Coordinator Kashumba Kabombo said the debt swap would lessen the financial burdens most civil servants were faced with.

And Secondary School Teacher’s Union of Zambia (SESTUZ) Provincial Vice Secretary Charles Mulenga said the debt swap will not only give relief to workers but will also motivate public service workers.

Meanwhile, a Livingstone based teacher Fanwell Muchindu said the move was welcome adding that it has made civil servants happy.

Mr Muchindu however urged the government to quickly put this into effect in order to gain public confidence.

2 COMMENTS

  1. WHO WOULDNT BE HAPPY WITH DEBT SWAP
    A SWAP WITH ???????? TAX PAYERS MONEY ??????????
    A LOAN IS BY LAW NOT SUPPOSED TO BE MORE THAN 25% OF ONE’S SALARY
    WHICH MEANS GOVERNMENT WAS DISHING OUT CARELESSLY
    AND WHO WILL BENIFIT FROM THIS ?
    MOST MP’S WHO HAVE BUILT MASSIVE HOUSES AND GUEST HOUSES AND NOT EVEN IN THEIR OWN TOWNS

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