Grey Freight Continental

Grey Freight Continental

Freight and custom clearance services locally, regionally and internationally. We offer freight services at strategic Southern African ports and borders.

Open
HomeGeneral

ZCTU Warns Government Of Political Instability From Company Closures

3 weeks agoMon, 27 Jan 2025 13:38:50 GMT
Share on FacebookShare on TwitterShare on LinkedIn
ZCTU Warns Government Of Political Instability From Company Closures

The Zimbabwe Congress of Trade Unions (ZCTU) has expressed concern over the growing number of companies scaling back operations or closing entirely due to the country’s challenging economic environment, leaving thousands of workers unemployed.

In a statement on Monday, ZCTU Acting Secretary General, Runesu Dzimiri, highlighted the severe operational difficulties facing the retail and wholesale sectors.

Some businesses have already shut down, downsized, or exited the Zimbabwean market, resulting in widespread retrenchments and uncertainty for remaining employees.

Dzimiri pointed out that many of the closures are attributed to flawed fiscal and monetary policies, which are driving retail businesses out of the market.

He also raised concerns about the influx of cheap, often counterfeit goods sold in the informal sector, which are further undermining formal businesses.

Latest Samsung A06 128GB, 4GB now available: $106

To order, WhatsApp:  wa.me/263715068543

He criticized the fact that importers of these substandard goods are evading taxes, while formal retail businesses are burdened with high tax obligations, leading many to face financial ruin. Added Dzimiri:

The government must realize that there is a serious impact on the economy if the retail and wholesale sector is left to collapse.

First, when jobs are lost, the government will also lose revenue not only on corporate taxes but also in the form of Pay-as-you-earn (PAYE) and it will obviously fail to meet its operational requirements as well as meeting social services.

As PAYE is depleted, the Value Added Tax will also be eroded as workers will not have disposable income.

Secondly, pension schemes both private and public will be affected as every employee whose contract is terminated will look up to government for social welfare but resources are scarce at the moment.

Lack of access to social protection and benefits usually associated with full-time employment leaves employees vulnerable and dependent on the already strained public service provisions.

Thirdly, the general condition of fear and insecurity also dissuades workers from joining trade unions, leaving them even more vulnerable to precarious work arrangements.

Communities will also be in unstable and insecure situations due to disruptions in their life plans.

As large numbers of people are unemployed, social unrest may occur in the country including increased criminal activities.

Large scale migration is also likely to take place causing xenophobia in other countries.

Dzimiri urged the government to take immediate action to address the ongoing crisis and halt the current wave of company closures.

He warned that the widespread difficulties facing the retail and wholesale sectors could lead to political instability, as disaffected workers may direct their frustrations at the government for failing to protect their livelihoods.

Tags

25 Comments

GEN-Z · 3 weeks ago
Rangu rikapera I bet next year will be the youth leader ndrikutoda💯
Anonymous · 3 weeks ago
Rangu rinobva rawanda ndinenge ndorova munhu semunhu ano protesta sa Wasu neibhour wangu akandinyima doro ndakamumaka. Ingoitai demo munomunzwa wasu aenda kanye nemboma yandichamupa.
Anonymous · 3 weeks ago
Do you think zanupf care
WAR VET GEZA · 3 weeks ago
*CAF groupings Group A MOROCCO 🇲🇦 ZAMBIA 🇿🇲 COMOROS 🇰🇲 MALI 🇲🇱 GROUP B ZIMBABWE 🇿🇼 ANGOLA 🇦🇴 SOUTH AFRICA 🇿🇦 EGYPT 🇪🇬 GROUP C TANZANIA 🇹🇿 UGANDA 🇺🇬 TUNISIA 🇹🇳 NIGERIA 🇳🇬 GROUP D BOTSWANA 🇧🇼 BENIN 🇧🇯 DR CONGO 🇨🇩 SENEGAL 🇸🇳 GROUP E SUDAN 🇸🇩 EQUATORIAL GUINEA 🇬🇶 BURKINA FASO 🇧🇫 ALGERIA 🇩🇿 GROUP F MOZAMBIQUE 🇲🇿 GABON 🇬🇦 CAMEROON 🇨🇲 IVORY COAST
Anonymous · 3 weeks ago
I was surprised on 24/01/26 to notice empty shelves and display fridges in OK Fife Avenue. Worker well just loafing as there were literally no shoppers inside.The appearance was reminiscent of 2008. Some shops have POS machines refusing to complete transactions in ZiG. Where are we heading towards?
Anonymous · 3 weeks ago
A Chinese vassal state like North Korea. We will produce nothing and put out a begging bowl to Russia and China to provide for our needs. The elite will not care as they will live separate to the chaos and poverty within the nation.
chaka · 3 weeks ago
kana ngoma yava kunyanya kurira yavakuda kubvaruka. Ed 2030 haisi program ye progress . There are fraudulent businesses ple and politicians who are pushing for Ed in e name of fails versions bz ey are smelling their downfall. Comrade have cautioned their deity games .(He said version 2030 is not fr e elite but fr all e ple of e country. Some kind of material wc did not posses Ed .The reason why he is not a good leader.)
Chigananda · 3 weeks ago
pasi nezviGananda zvematumbu zvarambwa ukada kuita chiGananda Dheribharetiri tinokusvasvanga pachena...
kkkk · 3 weeks ago
Zvehubvanzu hubvanzu kudya kweMhumhi taramba.. for me kkkkk
Private Investigator · 3 weeks ago
Tibvireipo, PAYE yekudii when you are representing workers who earn less than USD 300. The closure of NRichards or OK Marimba will just send a few Africans into unemployment. Hazvinyudze nyika izvo: previously very big companies employing thousands like Cone Textiles in Chitungwiza closed shop..
Satan 👹 · 3 weeks ago
kupedza nhamo yemuZimbabwe kungozvifira unenge watozorora murugare otherwise zvimwe zvese will not work
TZ · 3 weeks ago
Man United yakadii
😎 · 3 weeks ago
No wonder why the late former President RGM was a keen tsoro ye makomba player a champ I see it where and why it is so
Mp · 3 weeks ago
zctu regime change pasi nemi pasi natrump
Anonymous · 3 weeks ago
Pasi blind corrupt stooges pasi, pasi their supporters pasi.
Mp · 3 weeks ago
kuvara nekusavara same fanana kana shungu
huchi.com · 3 weeks ago
zvigananda
Youth General · 3 weeks ago
Dzimiri is right Gvt yedu yatadza,Dzimiri explained in deep and zvakuda vanoona uye vane njere dzekuvaka hupenyu hwevanhu.Pachokwadi Gvt yedu yatadza zvayo because zvakabata hupenyu ndizvo zvacho zviri kudhakwa .Dzimiri is correct and he pointed what will affect people's living.
Corruptmore Looto · 3 weeks ago
They don't care, right now all of their focus is on extending their corrupt rule.
Sir African · 3 weeks ago
Please if Mr Dzimiri had spoken in Chikaranga maybe Vene would understand.
walle · 3 weeks ago
sorry ZCTU we will look at that later. our main focus now is on extending the Presidental term to 2030

Leave a Comment


Generate a Whatsapp Message

Buy Phones on Credit.

More Deals
Feedback