GoZ to Review Civil Servants Salaries After ZiG Devaluation
Civil servants are set to get a pay rise following the 42,55% adjustment of the ZiG exchange rate against the United States dollar by the Reserve Bank of Zimbabwe recently.
Finance Minister Professor Mthuli Ncube said negotiations were already underway under the umbrella of the Tripartite Negotiating Forum:
“Yes, we have to, I think we have to. We are looking into it and we are already negotiating through the Tripartite Negotiating Forum to adjust the wages of civil servants. Hopefully we will reach an agreement soon and then we can move forward and assist the civil servants.
“It is a matter that we are already looking into. That is why I mentioned that it will require some adjustment in wages. Wages have to be adjusted both in the public sector and private sector to improve the buying power of wages for workers, so that has to happen.
GoZ to Review Civil Servants Salaries After ZiG Devaluation
“But that is what happens when a currency is adjusted. It causes those other negative impacts. But also there are other positive impacts on the business front. We are determined to save jobs in our formal economy.”
In other news…
A senior prosecutor is in trouble after three fraud suspects have been released from custody before a scheduled bail hearing.
Reports are that the suspects were allegedly released despite objections from the investigating officer on the grounds that they were a flight risk and were likely to interfere with investigations if freed.
Zimbabwe Devalues New Gold-Backed ZiG Currency by 44%
Regional public prosecutor in charge of Harare, Ms Gossy Mudambu, is now at the centre of a complaint to the Zimbabwe Anti-Corruption Commission by the complainant, Real Star Security Company.
