THE Zimbabwe Congress of Trade Unions (ZCTU) is pushing to have representation on the National Social Security Authority (NSSA) board as it welcomed the firing of top managers at the institution as part of a restructuring exercise.
BY VICTORIA MTOMBA
THE Zimbabwe Congress of Trade Unions (ZCTU) is pushing to have representation on the National Social Security Authority (NSSA) board as it welcomed the firing of top managers at the institution as part of a restructuring exercise.
ZCTU secretary-general Japhet Moyo, however, said the move would not stop the rot at NSSA as long as the board was not independent in its decision-making.
“The ZCTU is aggrieved that the government has been continuously vetoing its candidate who has been forwarded to sit on the board without giving reasons. If the government continues to refuse the ZCTU candidate, we will be left with no option but to seek recourse in the courts. We have all the reasons to have our candidate sit on the board to safeguard workers’ contributions,” he said in a statement.
He said the workers’ representative board had been complaining about the rot at NSSA, including bad investment decisions that saw millions of dollars of workers’ money being lost in collapsed banks.
“NSSA managers had become a law unto themselves making dubious decisions without anyone questioning them. As for the board, it is answerable to shadow characters, not contributors,” Moyo said.
The axed managers include general manager James Matiza, Shadreck Vera (investment director), Tendai Mafunda (corporate services), Patrick Mapani (finance director) and ICT director Bright Chidyagwai.
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Board member Hashmon Matemera was appointed interim general manager pending appointment of a substantive head.
Moyo said reports indicate that the authority lost $50 million in ReNaissance Merchant Bank, $15 million in Interfin Banking Corporation and another $16 million in other collapsed banks as well as close to $1 million in Genesis Bank.
Pensioners are living in poverty with some getting as little as $60 from NSSA.
