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Govt should curb excesses of business

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HARARE


The excesses of profiteering-minded businesses, which became more than apparent during Zimbabwe’s hyperinflationary era, still abound. It seems at every turn businesses are prepared to cheat an unsuspecting public. The revelations that were made in our August 7, 2016 issue of pension and insurance firms that were holding on to crucial data that is needed to assess whether pensioners and policyholders were not prejudiced in the conversations that were made after 2009 – when Zimbabwe switched from the Zimbabwe dollar to the multicurrency system – have largely been interpreted to mean that there is something that is definitely amiss. Quite clearly, there was everything wrong in pensioners being given token payments that could barely afford a plastic bag of groceries as lump sum payouts for lifelong pension savings. –Sundaymail

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