Categories: Stories

British investor puts Zimbabwe government in a tight spot

Workers believe that someone in the government, especially in the Ministry of Lands, had an interest in the takeover but they ruled out the late minister Perrance Shiri.

The Insider was reliably informed before Shiri’s death on 29 July that he had actually pushed for the review of the agreement and cabinet agreed to do so before he died but there were some modalities that had to be ironed out before the official announcement.

Havercroft was a business partner of Adam Molai who is married to former President Robert Mugabe’s niece.

Although Masuka did not give a timeline on when the government would take over the CSC, he said the government should have new partners early next year.

It is not clear what will happen to workers who accepted the paltry packages as one of the provisions of the agreement said: “The parties further confirm that by signing this agreement, the employee waives all his rights including, but not limited to his right to institute legal proceedings in terms of the Labour Act Chapter 28:1 of 1996, as amended by Act No.5 of 2015”.

It is also not clear how many workers have actually been paid the severance packages as some changed their minds after realizing how small the package was.

Some of the workers, especially those nearing retirement age, were allegedly threatened with early retirement under which they would walk away with a quarter of what they had been offered.

Under the package that the workers signed, their salaries had actually been increased by 400 percent, which meant that they were actually going to get five times what they should have been paid but some of the workers said the package was four times their salary which meant it had gone up by 300 percent and not 400 percent as agreed.

The company also reviewed the severance package by 50 percent at the end of June.

The workers were also supposed to be paid contractual benefits for the three months pending their retrenchment at the end of June. These included accrued leave, three months’ notice, housing and transport allowance.

For the employee with 12 years services, these added up to $4 018 and to $4 103 for the one who had served 41 years.

Allowances for the foreman were nearly $20 000 as these included allowances for tools, airtime and fuel but even then he would have been grossly shortchanged.

The foreman was supposed to get 40 litres of fuel a month but was to be paid $4 692 for the three months to end of June. This is now barely enough for a month’s allowance as $4 692 today buys only 54 litres of diesel and 48 litres of petrol.

 

(323 VIEWS)

Don't be shellfish... Please SHARE
Google
Twitter
Facebook
Linkedin
Email
Print

This post was last modified on September 15, 2020 11:31 am

Page: 1 2

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Africans-including Zimbabweans- must now tell their own stories- ADB president

Africans must now tell their own stories because if they continue to denigrate themselves they…

May 11, 2024

Zimbabwe quarterly taxes to force businesses to sell products in ZiG

Quarterly taxes, which are due next month, will force businesses to sell a quota of…

May 11, 2024

Zimbabweans may soon be able to change ZiG to US dollars and vice-versa on their phones

Zimbabweans will soon be able to change their ZiG to United States dollars and vice-versa…

May 10, 2024

Tshabangu says it will take 67 years to complete the Bulawayo-Nkayi Road at the current pace

Senator Sengezo Tshabangu yesterday expressed dismay at the pace at which the government is constructing…

May 10, 2024

Zimbabwe to fine those breaching official exchange rate US$15 000 or more

Zimbabwe has ordered providers of goods and services to use the official exchange rate or…

May 10, 2024

Zimbabwe to introduce legislation to ensure official exchange rate is used for pricing

Zimbabwe is going to introduce legislation which ensures that the country uses one exchange rate…

May 8, 2024