BUSINESS NEWS

Pension payouts delayed as foreign company cuts off Zimbabwe banks

PENSIONERS might have to wait a bit longer before they receive their monthly pay outs, which were due yesterday, the National Social Security Authority (NSSA), said yesterday. It said the delay was ca...

By Staff reporter | Published: 14 June 2019

BUSINESS NEWS

Ex-employees sue Marange Resources over pensions

FORMER Marange Resources employees have taken their ex-employer to court over unpaid pensions amounting to $131 563.Marange Resources is being represented by its director Francis Gudyanga.The former e...

By Staff reporter | Published: 30 April 2019

BUSINESS NEWS

Zimbabwe mulls pension reforms

Zimbabwe is proposing pension reforms as it seeks to come up with an efficient pension system, according to a draft document compiled by the Insurance and Pension Commission.This comes amid challenges...

By Staff reporter | Published: 09 September 2018

BUSINESS NEWS

NSSA boss 'swindles' pensioners

National Social Security Authority (NSSA) strategic executive assistant, James Tirivavi Chiuta yesterday appeared at the Harare Magistrates Court facing allegations of swindling pensioners of $31 727 ...

By Staff reporter | Published: 20 July 2018

FINANCIAL SERVICES

Pension industry sees drop in assets in Q4 2017

TOTAL assets in the pension industry declined by 6,5% to $4,03 billion in the fourth quarter of last year due to a shrinkage in equity investments that were affected by a drop in equity prices.The Ins...

By Staff reporter | Published: 20 July 2018

POLITICS

Chamisa promises Mnangagwa lucrative pension

MDC Alliance leader Nelson Chamisa says he will reward President Emmerson Mnangagwa with a lucrative pension if he wins next month's presidential race. He also said when elected into power no senior g...

By Staff reporter | Published: 26 June 2018

BUSINESS NEWS

Pension fund in corruption scam

A probe into the Unified Councils Pension Fund (UCPF) has unearthed massive abuse of funds amid evidence the board pocketed US$8,7 million in allowances, sitting fees and staff salaries between 2010 a...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

NRZ Pension Fund sues SMEs over rental arrears

THE National Railways of Zimbabwe Contributory Pension Fund has taken one of its Bulawayo tenants, Small and Medium Enterprises Association of Zimbabwe, to court over $13 000 rental arrears. NRZ Pensi...

By Staff reporter | Published: 18 June 2018

BUSINESS NEWS

NRZ pensioners cry foul over unpaid salary arrears

SOME National Railways of Zimbabwe (NRZ) pensioners have claimed that they have been turned into destitutes after the parastatal failed to clear their salary arrears running into thousands of dollars....

By Staff reporter | Published: 01 June 2018

BUSINESS NEWS

Reprieve for pensioners

Many Zimbabwean who were offered $5 for their life savings and pensions by the country's bankrupt government in 2015 could get more money if latest finding are anything to go by. Three years ago, the ...

By Staff reporter | Published: 14 May 2018

POLITICS

Mnangagwa raises war veterans' pension

PRESIDENT Emmerson Mnangagwa's administration has committed to increasing the allowances paid to former liberation war fighters, NewZimbabwe.com reported.Addressing hundreds of war veterans in Harare,...

By Staff reporter | Published: 12 May 2018

ZIMBABWE

ZSE extends CFI suspension

The Zimbabwe Stock Exchange (ZSE) has further extended CFI Holdings Limited's suspension from the bourse by another 30 days pending further investigations into irregularities in the agro-industrial gr...

By Staff reporter | Published: 08 May 2018

BUSINESS NEWS

CAI pension fund boss quits amid audit storm

THE Communications and Allied Industries Pension Fund chief executive, John Mashika, has resigned from the entity amid an internal audit report published in 2016 which revealed irregular investment tr...

By Staff reporter | Published: 04 May 2018

BUSINESS NEWS

Health, pension deal for informal sector

The National Social Security Authority (NSSA)'s much-awaited pension and health insurance schemes for the informal sector have been established, with paid-up beneficiaries being entitled to retirement...

By Staff reporter | Published: 16 April 2018

ZIMBABWE

ZSE extends CFI suspension

The Zimbabwe Stock Exchange (ZSE) has extended CFI Holdings Limited's suspension from trading on the bourse by an additional 30 days for further investigations into the company's irregularities.CFI wa...

By Staff reporter | Published: 11 April 2018

BUSINESS NEWS

Zim sits on $25 million in unclaimed pensions

PENSION funds have $25 million in unclaimed pensions from nearly 25 000 pensioners, the majority of whom are migrants, an Insurance and Pensions Commission (IPEC) official has disclosed.For the sector...

By Staff reporter | Published: 05 April 2018

BUSINESS NEWS

Mashold goes after sacked executives' pensions

LISTED property investment and development firm, Mashonaland Holdings (Mashold), is in negotiations with the Insurance and Pensions Commission (IPEC) to recover misappropriated funds from the pension ...

By Staff reporter | Published: 01 March 2018

POLITICS

Mnangagwa's govt mum on Mphoko pension

GOVERNMENT has remained mum over former Vice-President Phelekezela Mphoko's pension, weeks after he wrote a letter of demand for his benefits.Mphoko's lawyer Welshman Ncube said they were yet to get a...

By Staff reporter | Published: 15 January 2018

BUSINESS NEWS

Xmas cheer for pensioners, rural folk

Government says it is looking into the plight of pensioners and people living in rural areas to ensure they have access to cash during the festive season.Demand for cash during the festive season usua...

By Staff reporter | Published: 17 December 2017

BUSINESS NEWS

Minimum retirement pension now $80 per month

National Social Security Authority (NSSA) chairperson Robin Vela has said the minimum retirement pension monthly pay-out was increased from $60 to $80 from October 1, 2017, in line with the organisati...

By Staff reporter | Published: 05 December 2017

BUSINESS NEWS

'Informal sector pension scheme ready'

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 sc...

By Staff reporter | Published: 05 December 2017

BUSINESS NEWS

NSSA approves pensioners' bonus

THE National Social Security Authority (NSSA) has approved a bonus payment for all pensioners citing an improved performance and growth in income.Last year NSSA reported an after-tax profit of $105,8 ...

By The Source | Published: 04 December 2017

BUSINESS NEWS

18 800 pensioners face loss of income

Pensioners who have failed to register with the National Social Security Authority (NSSA)'s biometric system whose deadline was last Saturday, will not receive their monthly payouts beginning next mon...

By Staff reporter | Published: 02 October 2017

BUSINESS NEWS

Delta Corp pension fund battle rages on

Beverages manufacturer Delta Corporation has told its former workers who are demanding proceeds from a contentious pension fund that was set up following the de-mutualisation process in 2001 to seek r...

By Staff reporter | Published: 29 September 2017

BUSINESS NEWS

Zimbabwe, SA work on pension portability policy

ZIMBABWE is in talks with South Africa to put in place a framework which will allow its citizens working in the neighbouring country to repatriate their pensions upon their return home, an official ha...

By The Source | Published: 21 September 2017
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