Articles tagged 'national social security authority'

Stricken Housing Corp had up to 2021 to deliver Nssa houses 11 October 2018 HARARE - Despite the noises around Housing Corporation of Zimbabwe (HCZ)'s Caledonia project, the company had up to four years to deliver the 8 000 residential units wanted by the National Social Security Authority (Nssa), court documents show. This comes amid relentless attacks on Stephen Dug...
Nssa loses Housing Corporation of Zimbabwe guarantee revocation bid 7 October 2018 HARARE - Zimbabwe's High Court has prevented the National Social Security Authority (Nssa) from “fraudulently invoking” a $16 million performance bond or guarantee from Zimnat Lion Insurance Company (Zimnat) issued over Housing Corporation of Zimbabwe (HCZ)'s Caledonia project. The development...
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 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 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...
Govt, Nssa pen Telecel agreement 30 May 2017 HARARE - National Social Security Authority (Nssa) will relinquish its controlling stake in Telecel Zimbabwe (TZ) to Zarnet after three years, following a recent agreement inked to this effect, it has emerged. The State-run pension fund's general manager Elizabeth Chitiga on Friday said Nssa a...
MPs fume over ZCTU Nssa board seat 23 May 2017 HARARE - Opposition legislators have blasted Public Service minister Prisca Mupfumira over the expulsion of Zimbabwe Congress of Trade Unions (ZCTU) president Peter Mutasa from the National Social Security Authority (Nssa) board. Mutasa was fired for allegedly failing to uphold confidentiality...
Govt gives nod to Nssa funeral cover 3 April 2017 HARARE - Government has moved to gazette the National Social Security Authority (Nssa)’s new and upgraded funeral cover for pensioners. Labour minister Prisca Mupfumira made the notice in a government gazette published on Friday under Statutory Instrument 46 of 2017. “A retired pensioner sh...
Ex-Nssa bosses face jail 31 March 2017 HARARE - National Social Security Authority (Nssa) is pushing for the prosecution of its former managers accused of making decisions that prejudiced the pension funds administrator of nearly $13 million. Nssa chairman Robin Vela on Wednesday said the law must take its course on those found gui...
Telecel takeover in new twist 25 January 2017 HARARE - National Social Security Authority (Nssa) said it will relinquish its controlling stake in Telecel Zimbabwe to Zarnet after three years, as a way of protecting its investment. This was after the deep-pocketed pensions administrator poured in $30 million to help Zarnet secure $40 milli...
Another ex-Nssa boss dragged to court 12 January 2017 HARARE - The fraud scandal that prejudiced State-run National Social Security Authority (Nssa) of $8 million has sucked in another former boss. The pension fund's ex-properties manager, Samuel Chiduza, was dragged to court yesterday facing criminal abuse of office charges. He is accused of ...
Harare council owes statutory bodies $200m 11 August 2016 HARARE - Harare City Council (HCC) is failing to remit funds to statutory bodies, with the amount due ballooning to over $200 million, its acting finance director Tendai Kwenda said. In a report presented to HCC's joint human resources and finance committees, Kwenda said payment plans had been...
Nssa unbundles 4 August 2016 HARARE - National Social Security Authority (Nssa) has unbundled its investment division into three units with separate managers to spearhead “reasonable” decisions and bring transparency, the authority's chairman said. Nssa chairman Robin Vela yesterday said the division had been split into p...
Nssa resorts to garnishee orders 12 July 2016 HARARE - The National Social Security Authority (Nssa) has resorted to issuing garnishee orders to defaulting employers after the authority recorded a $217 million debtor's book at the end of 2015, it has emerged. Nssa — which provides social security to retired employees through employee cont...
Nssa to unveil new management 14 June 2016 HARARE - The National Social Security Authority (Nssa) is expected to unveil its new executive-management team on July 01 amid indications that Elizabeth Chitiga is likely to head the organisation. This also comes as Labour and Social Welfare minister Prisca Mupfumira has said a candidate for...
NSSA fires Matemera 12 May 2016 HARARE - The National Social Security Authority (Nssa) has sacked its acting general manager (GM) Hashmon Matemera who is facing charges of conniving with Chinese nationals to facilitate the externalisation of over $300 million. In a staff announcement released yesterday, Nssa said while the a...
Nssa calls for another audit 2 May 2016 HARARE - The National Social Security Authority (Nssa) says it has embarked on a more detailed forensic audit on some investment decisions, which are believed to have prejudiced pensioners of millions of dollars. Nssa chairman Robin Vela on Friday said the pensions' administrator believes that...
NSSA building society to commence ops 1 May 2016 HARARE - The National Building Society (NBS) has been given the green light by the Reserve Bank of Zimbabwe to commence operations. “It is hereby notified that the NBS has been registered and authorised in terms of the Building Societies Act (Chapter 24: 02), to conduct building society operat...
Nssa scouts for top execs 2 February 2016 HARARE - State-owned social security agency, National Social Security Authority (Nssa) says it has started a search for top management after firing its top executives last year. In a 2015 fourth quarter update statement, Nssa chairperson Robin Vela said the organisation expected appointment...
Nssa to review investments 22 October 2015 HARARE - National Social Security Authority (Nssa) says it is reviewing all its investments in the country with a view to dispose loss-making entities in a move aimed at unlocking shareholder value. Nssa's newly-appointed chairman, Robin Vela, said the new board was moving to put a hold on que...