News / National
Zimbabwe military broadcaster's property to go under the hammer
2 hrs ago |
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Movable property belonging to military-linked broadcaster Nkululeko Rusununguko TV (NRTV) is set to be auctioned on Wednesday as former and current employees move to recover more than US$200 000 in unpaid salaries.
The auction follows a High Court order authorising the seizure of the broadcaster's property after it failed to comply with an order to settle outstanding wages owed to its employees.
Seventy NRTV employees had approached the Labour Court over unpaid salaries, with arbitrator Patience Kavuru finding that the broadcaster had defaulted on its obligations.
Kavuru subsequently ordered NRTV to pay the employees a total of US$278 479.88.
However, the broadcaster allegedly failed to comply with the ruling, prompting the employees to approach the High Court for enforcement.
The High Court subsequently granted an order allowing the seizure and sale of NRTV property to recover the outstanding amount.
According to an auction notice issued by KM Auctions (Pvt) Ltd several motor vehicles with a combined estimated value of US$76 000 are among the assets scheduled for sale.
Office equipment, including refrigerators, printers and television sets, will also be auctioned.
NRTV is owned by Nkululeko Rusununguko Holdings, a company in which the Zimbabwe National Army has significant interests.
The auction represents a major setback for the broadcaster, which has faced mounting criticism over its management and financial affairs.
The entity has also been accused of spending millions of dollars on television content at inflated costs, allegations that have contributed to concerns over its financial management.
Many employees have since left the organisation, but former workers continue to pursue payment of their outstanding salaries.
The forced sale of the broadcaster's assets now places the spotlight on the financial sustainability and management of an entity with links to the country's military establishment.
The recovery proceedings also highlight the consequences of failing to comply with legally binding labour awards, with the courts ultimately empowering employees to pursue the sale of company assets to recover money owed to them.
The auction follows a High Court order authorising the seizure of the broadcaster's property after it failed to comply with an order to settle outstanding wages owed to its employees.
Seventy NRTV employees had approached the Labour Court over unpaid salaries, with arbitrator Patience Kavuru finding that the broadcaster had defaulted on its obligations.
Kavuru subsequently ordered NRTV to pay the employees a total of US$278 479.88.
However, the broadcaster allegedly failed to comply with the ruling, prompting the employees to approach the High Court for enforcement.
The High Court subsequently granted an order allowing the seizure and sale of NRTV property to recover the outstanding amount.
According to an auction notice issued by KM Auctions (Pvt) Ltd several motor vehicles with a combined estimated value of US$76 000 are among the assets scheduled for sale.
Office equipment, including refrigerators, printers and television sets, will also be auctioned.
NRTV is owned by Nkululeko Rusununguko Holdings, a company in which the Zimbabwe National Army has significant interests.
The auction represents a major setback for the broadcaster, which has faced mounting criticism over its management and financial affairs.
The entity has also been accused of spending millions of dollars on television content at inflated costs, allegations that have contributed to concerns over its financial management.
Many employees have since left the organisation, but former workers continue to pursue payment of their outstanding salaries.
The forced sale of the broadcaster's assets now places the spotlight on the financial sustainability and management of an entity with links to the country's military establishment.
The recovery proceedings also highlight the consequences of failing to comply with legally binding labour awards, with the courts ultimately empowering employees to pursue the sale of company assets to recover money owed to them.
Source - Health Times
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