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“Investors will not invest” – Zim minister comparing Zimbabwe’s ‘high’ wages to Mozambique /region
7:00 CAT | 24 Oct 2016
Bulawayo 24 (File photo) / Minister of Policy Coordination and Promotion of Socio-Economic Ventures in the Zimbabewan President's Office Simon Khaya Moyo
Minister of Policy Coordination and Promotion of Socio-Economic Ventures in the Zimbabwean President’s Office Simon Khaya Moyo has suggested workers across the board are paid too much salaries and they should be slashed.
According to Khaya-Moyo workers are paid 10 times more than those in the region.
He said Zimbabwe pays minimum wages of $275 to $300, Malawi offers $30, Mozambique $120, Botswana $93 and Zambia $100.
He said the wage structure was driving away potential investors.
“It is obvious that using this criterion of minimum wages, investors will not invest in Zimbabwe”.
Source: Bulawayo 24
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