Story by Owen Mandovha
THE government has rallied the National Social Security Authority (NSSA) to transform its operations towards providing realistic benefits to pensioners and to effectively contribute to economic growth.
Bad investments and poor welfare for pensioners are some of the major challenges that have negatively affected the image of NSSA which administers billions worth of pensioners funds, investments and properties.
Announcing the new NSSA board in Harare this Wednesday, the Minister of Public Service, Labour and Social Welfare, Honourable Edgar Moyo noted the need to chart a new path of effective pensions administration and reforms that ultimately benefit pensioners.
“The NSSA Board is hereby challenged to reinforce their oversight to ensure that it makes meaningful investments that generate income to contribute to better welfare of pensioners through efficient administration of the pensioners’ funds through wise investments,” he said.
Bulawayo Town Clerk, Mr Christopher Dube replaces Mr Emmanuel Fundira as Board Chairperson while Mr Charles Shava has also been appointed as the substantive Managing Director, with the two being challenged to steer the gigantic ship in the right direction.
“The Board Chairperson should lead by example and make bold decisions not only in enhancing workplace safety but institute reforms that make NSSA a key player in the economy. Mr Shava has demonstrated immense capacity to run the operations of the parastatal,” Minister Moyo noted.
NSSA is a key player in the country’s economy, holding significant stakes in several companies in sectors such as banking, insurance and hospitality, hence its effective management does not only benefit pensioners, but the economy at large.
