Chinese Firm, ZCTU Clash Over Alleged Workers Slave Abuse newzimbabwe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newzimbabwe.com Daily Mail and Mail on Sunday newspapers.
Zimbabwe main labour union backs govt on foreign currency regulation thezimbabwemail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thezimbabwemail.com Daily Mail and Mail on Sunday newspapers.
By Alois Vinga
THE Zimbabwe Congress of Trade Unions (ZCTU) has slammed what it has described as greed by companies threatening to derail measures introduced recently by the government to enforce compliance with Reserve Bank of Zimbabwe (RBZ) official exchange rates.
Last week, the government issued Statutory Instrument (SI) 127 of 2021, which set out penalties to be applied on “double-dipping” companies.
These businesses are benefitting from the RBZ weekly foreign currency allotments, but proceeding to peg prices way above the US$1:84 exchange rate with the sole aim of raking in huge amounts in profits.
The new government directive will penalise the use of foreign currency obtained from the auction for purposes other than that specified in the application, among other punitive measures.
Zanu PF calls for Politburo Summit as the economy collapses thezimbabwemail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thezimbabwemail.com Daily Mail and Mail on Sunday newspapers.