E A Z PREDICTS A DECLINE ON THE SAVING CULTURE

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E A Z PREDICTS A DECLINE ON THE SAVING CULTURE

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By Christopher Chisi

 

The Economic Association of Zambia has observed that the current economic situation has the potential to impact negatively on the promotion of a saving culture.  

 

Speaking during the 5fm radio burning issues program today, national secretary and board member; Mutisunge Zulu says it is difficult for people to save money because they are subjected to paying a number of taxes which government has introduced.

 

Mr. Zulu adds that the recent upwards adjustment in fuel prices which has pushed up the cost of living makes will make it even hard for people to have disposable income thereby affecting the Banking sector.

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