Nzenza Urges Business To Exercise Restraint On Price Hikes

Public Service, Labour and Social Welfare Minister Sekai Nzenza on Wednesday called upon business to exercise restraint on raising prices of goods and services.

She made the remarks in a statement to mark Workers’ Day on May 1. The speech was read on her behalf by the principal director in the Ministry, Langton Ngorima, at the ZCTU’s main celebrations in Dzivaresekwa. She said:

As we embark on this transitional journey, we call upon business to exercise restraint on raising prices. The price hikes are hurting.

This is why the President has launched the Transitional Stabilisation Programme (TSP) which has five key pillars.

No one wins as the workers revert back to business to ask for more and we eventually get locked in a vicious cycle of price and salary hikes.

However, as tripartite partners, we believe that caring for our workers, treating them fairly and helping them to grow in their jobs is a productive arrangement given that there is evidence that caring for human capital drives enterprise and economic growth.

Minister Nzenza called for co-operation among all stakeholders to find a solution to the challenges bedevilling the country.

She further revealed that the government is working on the Tripartite Negotiating Forum (TNF) Bill which is before Parliament at the second reading stage.

Related:

More: The Herald


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