Zambian Business Times
Debt swap way forward referred back to negotiation – ZNUT
Zambia National Union of Teachers – ZNUT says it is yet to agree with government on the way forward concerning the issue of debt swap. The teacher Union has also called on some banks that are yet to refund the deductions to do so soonest.
ZNUT General Secretary Newman Bubala said the debt swap issue has been referred back to negotiations as it is a collective agreement issue, therefore the union is hopeful that next week when negotiations begin, the debt swap issue will be discussed and an agreement will be reached on how to deal with the matter.
Bubala said the union will hear from government and the banks if there are any concerns and be able to make adjustments noting that what the union proposed what was existing which was then suspended, but the best way to handle the issue is to negotiate.