The Zambia Postal Services Corporation (ZAMPOST) wishes to inform the public and all stakeholders that the Government of the Republic of Zambia has released Thirty Million Kwacha (K30,000,000) to facilitate the payment of retirees.
This disbursement represents the second phase of payments aimed at clearing outstanding dues to our former employees. Payments will be made in the order of first to retire, first to be paid, ensuring a transparent and equitable process.
ZAMPOST extends its deep appreciation to the Government for this timely release of funds, which reflects its commitment to the welfare of retired public servants. We also convey our heartfelt gratitude to our retirees for their unwavering dedication and service to the nation, and for their patience as we continue to address this important matter.
ZAMPOST remains committed to keeping all stakeholders informed and will provide further updates as additional payments are made.
Issued by:
Mthandazo Masango
Public Relations Manager
Our caring GRZ I suppose
Why should the Government pay ZAMPOST retirees? The Company should be self-sustaining. In this modern era of E-commerce, Zampost should be doing very well. All this is due to lack of good leadership and Laziness. No innovation and strategic planning from Management.
Does the concept of limited liability really to state-owned enterprises in Zambia? In business school they teach that one of the benefits of the limited liability form of business ownership is that shareholders are only liable to lose their own capital invested in the company if it’s unable to pay its debts or obligations from its own trading activity. The Zambian state allegedly owns some limited liability companies but the state in fact seems have unlimited liability. Does the concept of limited liability really apply to the Zambian state in practice?
Thanks to New Dawn administration. Had it been PF they would be busy seizing plots and farms. Those of you talking about PF bouncing back. Just stop and think.