NBS hailed for spearheading govt’s housing drive

By ZBC Reporter

The National Building Society has been commended for playing a key role in spearheading government’s housing delivery programme and preserving the contributions of pensioners.

The National Social Security Authority (NSSA) as the custodian of pensioners’ funds has finally turned the corner in terms of making shrewd investments and in 2016 established the National Building Society (NBS) to provide affordable and decent accommodation.

This Tuesday, the National Building Society declared its maiden dividend to Government in a move Public Service, Labour and Social Welfare Minister, Professor Paul Mavima believes is a demonstration of NSSA acumen in investing pensioners’ contributions in a shrewd and profitable way.

I would like to commend NSSA for having taken the decision to invest in NBS which has borne good results.  The dividend pay-out will grow the fund for the benefit of NSSA pensioners and other beneficiaries. As the parent Ministry, we are proud that NSSA has demonstrated investment acumen because its shareholding in NBS has demonstrated investment acumen, he said.

National Building Society Acting Board Chairperson, Mr Shingai Mutumbwa illustrated how the institution has been transformed for the better in the last five years.

We are happy that we have turned the corner and we are able to declare 27 000 000 Zimbabwe Dollars and we are committed towards continuously improving pay outs to our pensioners, noted Mutumbwa.

The National Building Society is undertaking various housing projects countrywide and was recommended for spearheading Government’s priority plan of providing affordable housing as enshrined in the National Development Strategy One.

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