FULL THREAD: Businesses were Enjoying Fake Stability

The Zimbabwe Congress of Trade Unions (ZCTU) has said businesses were enjoying fake stability that was based on the enslavement of workers.

The workers’ union also criticised businesses for allegedly colluding with the government by supporting policies that hurt the workers.

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ZCTU speaks as industry has flatly rejected Statutory Instrument 127 of 2021 that was issued by President Emmerson Mnangagwa last week to regulate the use and trading of foreign currency in the country.

The workers’ union adds that the government and businesses are teaming up against workers. Pindula News present ZCTU’s statement below.

SI 127 exposes the dangers of a government that collude with businesses to exploit the poor especially the workers. Businesses have been lobbying the government to continue with an economic policy that is hurting the poor because they are benefiting at the expense of workers.

@czionline, @ZNCCNational, @EMCOZ_Zim have been praising government for a fake economic stability & urging it to maintain the policies hurting workers Businesses are benefiting from subsidized forex & compressed wages The transfer of wealth from workers to business is obscene.

Businesses were enjoying a fake stability & fake capacity utilisation increases based on enslaving workers & redistribution of productivity gains from other producers like subsistence farmers. Workers earn in RTGS & have to pay a USD premium of over 40% to buy goods & services.

For workers it is double jeopardy, repression from government & exploitation from businesses The government is beholden to its business cronies and when it attempts to control, it is shown the middle finger When elephant fight unfortunately it is the grass that suffers.

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