Online Reporter
Martin Kadzere
THIRTY RioZim Limited workers have lodged affidavits with the High Court to oppose a corporate rescue application by their labour union, asserting the company has demonstrated a commitment to paying salaries since July this year.
The workers argued that efforts were being made to clear all outstanding salary arrears.
RioZim is facing serious financial and operational challenges across all its operations, and some workers, through the Zimbabwe Diamond & Allied Minerals Workers union (ZDAMWU), had applied to the High Court for the placement of the group under corporate rescue.
RioZim, listed on the Zimbabwe Stock Exchange with interests in gold, coal, and diamonds, is the first respondent.
While some employees who have lodged affidavits opposing the corporate rescue belong to the union, they argue that the application “affects their right” and are opposing the petition.
Had the corporate rescue petition not been applied for, “irreparable prejudice” could have been avoided by entering into a settlement with RioZim at a much earlier stage, the workers argue.
According to legal experts, Section 124 (3) of the Insolvency Act provides every affected person the opportunity and right to apply to be heard by submitting their position to the court.
“I aver that since July 2025, I have received my salary from the first respondent timeously and consistently,” one Charles Mtambara, who is among the 30 employees, declared in the affidavit.
“I further aver that the first respondent has, in consultation with the workers committee, implemented a payment plan to pay wage and salary arrears covering the period from 2024 to June 2025.
“I further confirm that the said payment plan is being executed and I have received my arrears in accordance with the said plan.
“I can confirm that I am a member of ZDAMWU and I do not support the corporate rescue petition.”
