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Zimbabwe civil servants begin registering for cheap Government loans


The deductions of 2,5 percent of gross salary are being done on a voluntary basis.
Members will begin accessing short- to medium-term loans at a nominal rate of 10 percent per annum after contributing for three months.
Public Service Commission Secretary Jonathan Wutawunashe said members will now register first as opposed to the initial option which advocated deductions first.
“We have directed ministries to have their members fill in the forms and the SSB will then deduct the funds after the list has been compiled. Initially, we had proposed to have the money deducted and opt out later.
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“However, we are now saying they should register by filling in forms, which we think will take time. So we have given members until the end of February and early March, with deductions set to begin in March.” ....

Jonathan Wutawunashe , Public Service Commission , Salary Service Bureau , Government Employees Mutual Savings , Service Commission Secretary Jonathan Wutawunashe , பொது சேவை தரகு , சம்பளம் சேவை பணியகம் , அரசு ஊழியர்கள் பரஸ்பர சேமிப்பு ,

Govt housing scheme a rip-off: PTUZ - Zimbabwe Situation


Govt housing scheme a rip-off: PTUZ
BY TATENDA CHITAGU
THE Progressive Teachers’ Union in Zimbabwe (PTUZ) has described the government’s housing scheme launched last year as a rip-off equivalent to a money-lending scheme.
The housing scheme is part of the Government Employees Mutual Savings (Gems) project mooted in February last year.
Treasury has allegedly provided $75 million as seed capital for Gems, of which $13,7m has been allocated for teacher housing scheme projects.
But PTUZ said the housing scheme was a scam meant to fleece civil servants of their hard-earned money.
The Gems loans allegedly cover a broad spectrum such as home improvement, solar electrification, borehole installation, property acquisition, livestock rearing, among many other things. ....

Cain Mathema , Takavafira Zhou , Progressive Teacher Union , Public Service Commission , Teacher Union , Government Employees Mutual Savings , Secondary Education , ப்ரோக்ரெஸிவ் ஆசிரியர் தொழிற்சங்கம் , பொது சேவை தரகு , ஆசிரியர் தொழிற்சங்கம் , அரசு ஊழியர்கள் பரஸ்பர சேமிப்பு , இரண்டாம் நிலை கல்வி ,