5 February 2014

Mozambique: Excessive Holidays Create Major Commercial Losses

Maputo, Mozambique — Excessive holidays granted at the last moment create major national commercial losses, concludes a study done by the CTA.

Every holiday is equivalent to a loss of approximately six million dollars (180 million Meticais) to the domestic private sector.

On February 5, 2014, during a television speech, the Executive Director of CTA, Kekobad Patel, said: "If we consider the number of workers in the informal sector in our country and workers of the formal economy, we are not far to say that the holidays represent about six millions USD daily loss for the private sector. "

According to Kekobad Patel, excess holidays promote the culture of little work, it is contradiction with the position of President of the Republic, Armando Guebuza, who says that Mozambicans have to work harder.

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