The recent proposal by NSSF management to increase monthly contribution from the current 15% is unreasonable and based on un-researched facts. NSSF should be looking at how to invest wisely the money it already has other than looking out for more when the contributors are yet to realize the many sunk benefits over the years. for example, NSSF gambled with workers money in Uganda Clays shares, which have now fallen sharply beyond reason. These are areas that we need answers. Imagine how much money we are talking about – NSSF is the largest shareholder; with majority shares in Uganda clays.…
Why Fraud and corruption will remain Uganda’s problem.
The recent published pay for top managers in Government parastatal has left many Ugandans tongue tied. Our economy is not doing so well with high fuel prices, rising food prices and overall increased cost of living. The current capitalist setup makes the poor poorer and the few with opportunities to short-change others are doing it with renewed vigor and are becoming richer. The published income disparities of EDs/CEOs of some of top corporations in Uganda make matters worse. Other people in the organization are likely to feel cheated (and therefore justify their actions) and in the process end up committing…
