Business »
Sunday, 12 May 2013 12:05
HARARE - The National Social Security Authority (Nssa) met Reserve Bank of Zimbabwe (RBZ) authorities on Monday to discuss Capital Bank Corporation Limited (CBC)’s recapitalisation initiatives, businessdaily has established. James Matiza, Nssa’s general manager, confirmed the meeting, but refused to divulge...Read More
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News »
Monday, 15 April 2013 11:07
HARARE - Controversial businessman Joseph Kanyekanye has been suspended as a director and chairman of Capital Bank Corporation (Capital) amid allegations of gross irregularities, corporate governance malpractices, and interference in management processes. His suspension follows a directive a fortnight ago from...Read More
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Business »
Wednesday, 13 March 2013 10:33
HARARE - Government has issued 365-day Treasury Bills to the National Social Security Authority and Old Mutual (OM) to raise $40 million. Tendai Biti, Finance minister, said the move was consistent with the prescribed asset requirements for pension funds and insurance...Read More
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Opinion & Analysis »
Wednesday, 13 March 2013 10:22
HARARE - Finance minister Tendai Biti’s state of the economy address on Monday has revealed the desperate situation Zimbabwe finds herself in. Two recent events clearly support this picture of a country limping heavily with no permanent fix in sight to...Read More
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Business »
Wednesday, 27 February 2013 11:50
HARARE - The National Social Security Authority (Nssa) says it will not bail out banks in which it has interests if they fail to meet the central bank’s recapitalisation requirements. This comes as the pensions authority has deliberated on a Deloite...Read More
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Business »
Thursday, 24 January 2013 12:18
HARARE - The National Social Security Authority (Nssa) says Deloitte and Touche has submitted a draft of the study on its banks merger plan. The pensions administrator commissioned the auditing and accounting firm to explore the feasibility of its intention to...Read More
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News »
Sunday, 20 January 2013 10:35
HARARE - The National Social Security Authority (Nssa) has released $15 million dollars to urban local authorities, in response to government appeals for an emergency response to avert the risk of an outbreak of cholera and typhoid in urban areas. The...Read More
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Business »
Saturday, 12 January 2013 10:25
HARARE - A Deloitte & Touche study on the National Social Security Authority (Nssa)’s banks merger plan is expected next Tuesday, officials have said. While the pensions fund’s acting general manager Tendai Mafunda has confirmed the development, Nssa commissioned the study...Read More
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Business »
Saturday, 01 December 2012 13:10
HARARE - National Social Security Authority (Nssa) has increased its stake in Africa First ReNaissance Corporation (Afre) to over 70 percent following the under subscription of the latter’s $8,6 million rights offer. The Zimbabwe Stock Exchange-listed Afre intended to use the...Read More
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News »
Tuesday, 06 November 2012 10:55
HARARE - The National Social Security Authority (NSSA) is today expected confiscate Zimbabwe Broadcasting Corporation (ZBC)’s vehicles over $700 000 the state broadcaster owes the workers’ social protection institution in employees’ pension contributions since 2009. The property includes the State broadcaster’s...Read More
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Business »
Monday, 08 October 2012 12:24
HARARE - Non-performing investments has seen National Social Security Authority (Nssa) writing off $18 million from its balance sheet. General manager, James Matiza however, said there was hope to recover $16 million which went down with the closure of Interfin Bank....Read More
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News »
Friday, 28 September 2012 12:59
HARARE - Prime Minister Morgan Tsvangirai has called for the prosecution of the previous National Social Security Authority (Nssa) board and management after a State enquiry exposed a myriad of white-collar crimes, including corruption, tax fraud, and bribery. Nssa is a...Read More
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