HARARE, December 12 (The Source) -The National Social Security Authority (NSSA) says it has invested $17 million towards its Dzivarasekwa housing project, through its wholly owned mortgage lender, National Building Society (NBS).
HARARE, December 6 (The Source) – First Mutual Holdings (FML) is set to acquire Zimbabwe’s largest short term insurer, NicozDiamond, after getting regulatory approval, the company said on Wednesday. State-controlled pensions manager National Social Security Authority (NSSA) has transferred to FML its holdings of 300,263,184… Read More
HARARE, December 1 (The Source) – The National Social Security Authority (NSSA) has approved a bonus payment for all pensioners citing an improved performance and growth in income.
HARARE, October 4 (The Source) – The National Social Security Authority (NSSA) says its plans to invest in the Cold Storage Commission (CSC) will not be affected by the meat processors legacy debts which are being dealt with in a recently approved scheme of arrangement.… Read More
HARARE, August 31 (The Source) – First Mutual Holdings Limited’s shareholders voted to approve a $17,25 million rights issue which will finance the acquisition of an 80,92 percent stake in Zimbabwe’s largest short-term insurer NicozDiamond, at an Extraordinary General Meeting (EGM) on Thursday. They also… Read More
HARARE, May 12 (The Source) – Nicholas Vingirai’s return to high finance suffered a dramatic setback on Friday when ZB Financial Holdings shareholders voted against his re-election to the board following a charged confrontation with institutional investor NSSA at Friday’s annual general meeting. NSSA is… Read More
HARARE, May 3 (The Source) – The Rainbow Tourism Group (RTG) on Wednesday said its after-tax loss for the full year to December widened to $4,7 million from $29,304 recorded in the prior year, mainly on the back of lost revenues and retrenchment costs. Revenue… Read More
HARARE, March 22 (The Source) – Mortgage lender National Building Society (NBS) registered an operating loss of $2,98 million in its debut year to December 31, 2016 as set-up costs outstripped income, finance director Ethel Chitanda told journalists on Wednesday. The building society, wholly owned… Read More
HARARE, November 23 (The Source) – State run pension fund, National Social Security Authority (NSSA), on Wednesday bought 56.6 million shares, 10 percent of Zimbabwe’s largest short-term insurer NicozDiamond’s total issued share capital, that were offloaded by a foreign investor at 2,75 cents. Foreign buyers… Read More
HARARE, November 17 (The Source) – Star Africa shareholders have approved a debt-equity swap arrangement which will see the central bank’s asset manager assuming its $32.2 million liabilities in a transaction that will see quasi-government entities taking a controlling stake in the sugar manufacturer. Under… Read More
HARARE, October 27 (The Source) – Zimbabwe Asset Management Company (Zamco) has agreed to purchase Star Africa’s $32,7 million liabilities in a debt-equity swap arrangement that will give the asset manager about 50 percent control of the sugar manufacturer. Zamco is a special purpose vehicle… Read More
By Ruth Ngwenya HARARE, October 20 (The Source) – Zimbabwe’s newest mortgage lender, National Building Society (NBS), on Thursday launched its first housing project valued at $2 million under an agreement with Lafarge Cement. The mortgage lender, which opened its doors in May, is wholly… Read More
HARARE, August 3 (The Source) – The National Social Security Authority (NSSA) has appointed Elizabeth Chitiga as general manager, replacing long-time chief executive James Matiza, who was fired last October. It also appointed senior managers to replace four directors, who were dismissed alongside Matiza. NSSA… Read More
HARARE, August 1 (The Source) – The National Social Security Authority (NSSA) has reported a 68 percent decline in full-year profit for 2015 after a $93 million asset write-down relating to its Celestial office park in Harare and an ill-fated Beitbridge hotel project. An asset… Read More
HARARE, June 28 (The Source) – Government is to issue $69 million worth of Treasury Bills (TBs) to the National Social Security Authority (NSSA) to settle part of outstanding pension contributions from state workers. Government, which employs about 500,000 workers, owed NSSA close to $92… Read More