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Thursday, February 2, 2023
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HomeNewsLABOUR MINISTER CONFERS WITH ZNBS TO SUPPORT WORKERS WITH MORTGAGES

LABOUR MINISTER CONFERS WITH ZNBS TO SUPPORT WORKERS WITH MORTGAGES

 Minister of Labour and Social Security, Hon. Brenda Tambatamba has emplored Zambia National Building Society( ZNBS) to come up with mechanism to give mortgages to workers in civil service, private sector and the informal sector.
Speaking during a courtesy call paid on her by ZNBS, Managing Director, Mildred Mutesa, in her office, Ms. Tambatamba indicated that her Ministry is an economic responsible for turning the wheels of the economy.
She explained that the true meaning of the mandate of the ministry can only be realised if everyone can see the relationships and synergies that need to be listed up with other stakeholders like Zambia National Building Society (ZNBS) in answering to the call of the Zambian people workers and retirees to own houses.
“Labour is the economy we run the wheels, we turn the wheels of the economy. I can imagine what will happen to the Zambia Building Society if those workers just withdrew their labour, this story will come to a halt”, she said.
Hon. Tambatamba praised Zambia National Building Society for conferring with NAPSA on the possibilities to come up with a roadmap and mechanisms of giving workers in civil service, private and informal sector mortgages.
She added that her Ministry is still working on modalities to finalise the process and roadmap of the Pension Reforms.
“It was a good thing that you have intentions to partner with NAPSA, No one works in isolation, the President of the New Dawn Government Mr. Hakainde Hichilema is exercising on awakening of the tools and institutions, things that have gone to sleep to use them to the optimum”, she said.
Speaking earlier, Zambia National Building Society (ZNBS) Managing Director, Mildred Mutesa, highlighted that the society has reached out to NAPSA in order for the two institutions to come up with a plan on how Zambian workers and retirees can be assisted to build and own their own houses.
Ms. Mutesa informed the Minister that her institution is in talks with NAPSA in trying to come up with modalities of how this can work.
She also disclosed that civil servants are highly indebted but the two institutions will have to find ways of actualising the call by the Minister.
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