Menu
Home
Forums
New posts
Search forums
What's new
Featured content
New posts
New media
New media comments
New resources
Latest activity
Media
New media
New comments
Search media
Resources
Latest reviews
Search resources
Misc
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Labrish
Nyuuz
Loan chaos deepens, the broke government leaves civil servants stranded
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Munyaradzi Mafaro, post: 76686, member: 636"] Zimbabwe has been sitting on roughly 85 million dollars it yanked from government worker paychecks to cover microfinance loans, and that pile has been collecting dust for five months straight. CBZ affiliate Red Sphere Finance stopped issuing any new loans to civil servants after the government basically ghosted everyone, and word on the street says smaller lenders are shutting down left and right because they cannot float operations without those remittances coming through. The paymaster who handles civil servant salaries claimed the holdup was some deliberate liquidity management trick rather than broke government syndrome, and he promised 150 microfinance outfits would get paid before the year wraps. Anonymous sources contradicted that narrative by pointing out that the administration cannot even scrape together bonus payments for December and might push that payout into next year, while subscriptions to pension funds and medical aid schemes are also backed up. [/QUOTE]
Insert quotes…
Name
Post reply
Home
Forums
Labrish
Nyuuz
Loan chaos deepens, the broke government leaves civil servants stranded
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top