Articles tagged 'nssa'

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...
Makwara debacle exposes Nssa 22 October 2018 HARARE - Labour minister Sekai Nzenza says National Social Security Authority (Nssa) investments director David Makwara's dismissal was irregular and exposed the pensions authority to unnecessary legal action. The minister's statements follow a dramatic week and chain of events in which the ex...
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 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 fights client over $16m 31 July 2018 HARARE - The National Social Security Authority (Nssa) has dragged a local company to court claiming they were duped $16 million in a housing construction deal. Masimba Xmas Shumba, 44, a chief finance officer at Housing Corporation Zimbabwe (Hcz) appeared before Harare magistrate Milton Serim...
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...
Mliswa, Ex-Nssa boss Vela square off 15 May 2018 HARARE - As the tiff between former National Social Security Authority (Nssa) board chair Robin Vela and Norton legislator escalates, the former has written to President Emmesron Mnangagwa rebutting the MP's numerous allegations and accusations against him. Below are allegations (A) and Robin V...
Vela hunts Mliswa over Nssa quarrel 14 May 2018 HARARE - President Emmerson Mnangagwa's office has received a counter dossier from sacked National Social Security Authority (Nssa) chairperson Robin Vela, denying alleged corruption at the State pensions body under his tenure. Instead, the dossier turns its guns on independent Norton Member 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...
Turmoil at Nssa 4 April 2018 HARARE - As the drama at the National Social Security Authority (Nssa) continues to unfold, a former employee at the pay-as-you-go pension scheme is likely to bounce back to take up Liz Chitiga's job of chief executive officer (CEO), the Daily News can report. Insiders at the Public Service mi...
Kagonye fires Nssa board chair 29 March 2018 HARARE - Labour and Social Welfare minister Petronella Kagonye has pulled a shocker by dismissing National Social Security Authority (Nssa) board chairperson, Robin Vela, with only three months left before the expiry of the term of office for the current board members. In a terse letter to Vel...
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...