Articles tagged 'nssa'

Ex Nssa boss in $30m scandal 28 December 2018 HARARE - Former National Social Security Authority (Nssa) general manager Elizabeth Chitiga yesterday appeared in court on criminal abuse of office and fraud charges after she allegedly prejudiced the company of more than $30 million dollars in housing projects. Chitiga allegedly awarded contr...
Nssa ramps up occupational safety 17 December 2018 HARARE - National Social Security Authority (Nssa) has handed 133 certificates to workers after undergoing eight weeks training under the Occupational Safety and Health Management Course (Oshemac). Speaking at the ceremony, Oshemac official Benjamin Mutetwa told graduates that the country has ...
Nssa reviews 2009-2011 retirement grants 25 October 2018 HARARE - The National Social Security Authority (Nssa) has reviewed retirement and survivor's grants for 5 500 people who received their payouts between April 2009 and January 2011. A grant is a once off payment to members who would have contributed to Nssa for less than 10 years. At that t...
NSSA reviews retirement grants 23 October 2018 HARARE - The National Social Security Authority (Nssa) is reviewing its retirement grants through an exercise that is likely to benefit about 5 500 members. According to Nssa's communications representative, Constance Makoni, the authority is urging all beneficiaries to come forward and be ass...
Nssa offers amnesty to employers 4 October 2018 HARARE - The National Social Security Authority (Nssa) has offered all employers a two-month amnesty to register and clear debts. In a statement yesterday, Nssa stated that unregistered companies should come forward and register, adding that there will be no penalties and surcharges will be fo...
Nssa in door-to-door inspections 11 September 2018 HARARE - The  National Social Security Authority (Nssa) is conducting door-to-door inspections of companies within the Midlands and Mashonaland West provinces. The process, which started yesterday, will be completed on Friday. In the Midlands, Nssa inspectors will cover Gweru, Kwekwe and Ka...
Zacc targets Biti, big firms 6 September 2018 HARARE - A bruising legal and political wars could explode soon after it emerged yesterday that former Finance minister Tendai Biti and a number of well-known businesspeople are among a stellar list of individuals and companies which are being targeted for investigation by the Zimbabwe Anti Corru...
Nssa hunts for new CEO 23 July 2018 HARARE - The National Social Security Authority (Nssa) is back in the job market, looking for a new chief executive officer (CEO). This follows the surprise dismissal of Elizabeth Chitiga from the pay-as-you-go pension scheme, 15 months before the expiry of her contract. Chitiga had taken o...
Housing project transforms Caledonia 7 May 2018 HARARE - A housing project in which businessman Adam Molai has an interest, has transformed residential outpost of Caledonia. The project, being spearheaded by the Housing Corporation of Zimbabwe (HCZ) and the National Social Security Authority (Nssa), has raisedhopes of an end to accommodatio...
Govt splashes out $66k to donate $3k 18 April 2018 HARARE – Government has come under fire for spending a whopping $66 000 in commemorating the International Day for Persons with Disabilities in Caledonia — on the outskirts of the capital city — where beneficiaries only received donations worth $3 000. It has since emerged that pay-as-you-go p...
Outcry over Jah Prayzah's $7 000 pay-out 17 April 2018 HARARE - Controversy has erupted over an order by the Labour and Social Welfare ministry  for the National Social Security Authority (Nssa) to pay $66 000 towards government's disability event which took place on March 26, in Caledonia, Harare. Interestingly Mukudzeyi Mukombe aka Jah Prayzah w...
Nssa intensifies clean-up 15 March 2018 HARARE - The National Social Security Authority (Nssa) has intensified efforts to make sure that all firms collecting social security contributions from employees remit them to the State-run pay-as-you-go pension scheme. There have been reports that several firms have been collecting pensions ...
Nssa defies economic odds 14 March 2018 HARARE - Despite a difficult trading environment, the National Social Security Authority (Nssa) has succeeded in growing its asset base by 41 percent since the new board came in three years ago, the Daily News can report. According to a presentation made by Nssa general manager Liz Chitiga to ...
Nssa pursues platinum, lithium investments 7 March 2018 HARARE - Deep-pocketed pensions administrator, National Social Security Authority (Nssa), is pursuing investment opportunities in the mining sector. The statutory body — sitting on a $1,3 billion asset base — is targeting high-value minerals such as lithium and platinum, among others. Zimba...
Informal sector pension scheme ready 5 December 2017 HARARE – The National Social Security Authority (Nssa) says it is ready to administer its voluntary pension scheme for the informal sector. “Our actuaries are currently working on the model and design of the scheme,” Nssa chairperson Robin Vela said, adding that the pensions administrator aims...
Spare a thought for the poor pensioners 8 October 2017 HARARE - The recent announcement by National Social Security Authority (Nssa) that it will from this month not pay close to 19 000 pensioners who have failed to register with the Nssa biometric system will for sure be condemning the already poverty-stricken elderly to destitution. While it is ...
Nssa payouts up 33pc 4 October 2017 HARARE - Minimum pension pay-outs for National Social Security Authority (Nssa) pensioners have been increased by 33,3 percent, with effect from the October 1. This means that pensioners who were receiving the minimum monthly pay out of $60 will now receive $80, when pensions are paid out next...
Nssa raises RTG stake to 60pc 30 September 2017 HARARE - First Mutual Holdings Limited (FMHL) yesterday announced that it had sold its shareholding in hotel concern, Rainbow Tourism Group (RTG), to its major shareholder, the National Social Security Authority (Nssa). The deal will give the compulsory pensions group absolute control in the h...
Nssa not affected by High Court ruling 23 September 2017 HARARE - The National Social Security Authority (Nssa) said its assets and operations are not affected by the recent High Court ruling which nullified the acquisition of Renaissance Financial Holdings Limited (RFHL). Nssa chairperson Robin Vela yesterday said the national pensions administrato...
Nssa ups stake in Starafrica 28 August 2017 HARARE - Statutory pension fund, National Social Security Authority (Nssa), is set to increase its shareholding in Starafricacorporation (Starafrica). This was after the sugar producer said it wants to offer Nssa 1 533 333 333 ordinary shares with a nominal value of $0,0001 each at a conversio...
Nssa hikes minimum pension by 33pc 11 July 2017 HARARE - Zimbabwe's State-owned pension fund has increased pensioners' monthly allowances from $60 to $80. The National Social Security Authority (Nssa) — with assets worth around $1,1 billion and is one of the biggest investors on the Zimbabwe Stock Exchange — said the board and the Labour mi...
Nssa eyes 15 000 housing units 11 July 2017 HARARE - The National Social Security Authority (Nssa) is planning to construct nearly 15 000 housing units across the country this year. Nssa chairperson Robin Vela yesterday said the pension administrator's unit — National Building Society (NBS) — was in negotiations with several stakeholder...
NSSA pays $7m for Telecel deal 3 July 2017 HARARE - The pay-as-you-go pension scheme, the National Social Security Authority (Nssa), received $7 million from government in the second quarter of the year for facilitating the acquisition of Telecel Zimbabwe (TZ) by the State-run Internet access provider, Zarnet. All in all, Nssa will rec...
Nssa consolidates insurance firms 20 June 2017 HARARE - The National Social Security Authority (Nssa) is moving to consolidate its position in the insurance sector amid indications it wants to merge interests in two Zimbabwe Stock Exchange-listed stalwart insurance counters. Listed short-term insurer NicozDiamond Insurance Limited (NDIL) —...
I no longer have time for golf - Chitiga 18 June 2017 HARARE - From this Sunday, the Daily News on Sunday will be publishing this new column that celebrates women in top positions. In our ground-breaking instalment, deputy Business Editor Ndakaziva Majaka caught up with the National Social Security Authority (Nssa) general manager, Elizabeth Chit...