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Govt housing scheme a rip-off: PTUZ
BY TATENDA CHITAGU
THE Progressive Teachers’ Union in Zimbabwe (PTUZ) has described the government’s housing scheme launched last year as a rip-off equivalent to a money-lending scheme.
The housing scheme is part of the Government Employees Mutual Savings (Gems) project mooted in February last year.
Treasury has allegedly provided $75 million as seed capital for Gems, of which $13,7m has been allocated for teacher housing scheme projects.
But PTUZ said the housing scheme was a scam meant to fleece civil servants of their hard-earned money.
The Gems loans allegedly cover a broad spectrum such as home improvement, solar electrification, borehole installation, property acquisition, livestock rearing, among many other things.
MONEYWEB
app instead?
Unless you have a letter from a government official. 00:01
Children at a government school in Harare in 2019. Most are stuck at home again, having had only two weeks of education in the past 10 months. Image: Philimon Bulawayo, Reuters
I am writing this from beneath a dark grey sky in Zimbabwe.
A big storm is approaching; high winds are stripping leaves off trees, everything is switched off and unplugged, lightning is crackling and exploding, thunder booming and banging all around. Grey curtains of rain are marching up the valleys and across the bush. The horizon has gone, the trees are disappearing and then you hear it â a faraway whispering and then a solid rushing: the rain is close, very close. Run! The curtain of grey engulfs everything and the sky opens. Pounding down, gutters overflowing, downpipes shaking, streams of mud flowing everywhere.