“You’ll See Us In The Next Few Weeks Announcing The Recovery Package,” Mthuli Ncube

Finance Minister Professor Mthuli Ncube has said that the government is set to announce a recovery package in an endeavour to keep local companies afloat.

Ncube made the remarks during an interview with The Herald on the sidelines of his tours of Ekusileni Medical Centre in Bulawayo and Midlands State University (MSU)in Gweru on Friday.


Introducing the Pindula News Mobil App
Download from Google Play Store

He said that the package was meant to cushion companies from the effects of the national lockdown that President Emmerson Mnangagwa imposed on the country to stop the spread of coronavirus:

Another leg of saving livelihoods is to support companies so that we can retain jobs as we don’t want our people to lose jobs.

We want to create more jobs, which is precisely why we want to support companies to retain, expand and access working capital. You will see us in the next few weeks announcing the recovery package to deal with those issues and watch the space for that.

While touring the MSU, Ncube said that there is a $500 million venture fund which he said is meant to support ideas for viable projects that the government will invest in.

His remarks come when some companies are struggling to pay workers since they are not operating.

More: The Herald

 

 

Join WhatsApp & Telegram News Groups:

WhatsApp Group: https://chat.whatsapp.com/DmWD38e3wX19qlUdot4KpJ


Telegram Group: https://t.me/pindula

Back to top

Write a Comment

Your email address will not be published.


Share Full Post

Nyaradzo logo

RSS Recent Profiles Created

Satisfaction survey
How likely is it that you would recommend Pindula News to a friend or colleague?
SuggestionsHow can we improve?
You have already submitted your feedback. If you would like to add more feedback please write us on hello@pindula.com.