WE HAVE observed that some parastatals are failing to survive with the current economic situation.
Zambia Postal Services Corporation is a parastatal mandated to carry out duties of sending cash through EMS to all districts in Zambia.
Of late, ZICTA has allowed airtime providers such as MTN, Airtel and Zamtel to engage in sending cash through these companies.
This means that Zampost is cut off as most clients prefer using mobile providers to send money and, as such, Zampost has lost business.
ZICTA or Bank of Zambia (BoZ) should help Zampost to survive. Government should also help by pumping capital into the parastatal.
More jobs will be lost in Zampost if Government does not intervene.