Thursday, 19 May 2016


THE National Social Security Authority (NSSA) has identified a new general manager to replace James Matiza, who was fired last year for alleged delinquency at the compulsory pension scheme.
But the appointment is now awaiting the consent of President Robert Mugabe, Public Service, Labour and Social Welfare Minister, Prisca Mupfumira, revealed last week.

 Mupfumira, however, declined to disclose the identity of the successful caandidate.
“We have made our decision on the new CEO already but we now await Presidential clearance,” said Mupfumira, adding, “but you will only know the person after we get the green light from the President.”

 The post of NSSA general manager became vacant last year after Matiza and other top directors were fired in a shake-up that the institution’s board said was meant to redirect operations after several investment related scandals.

 With over US$1 billion worth of investments, the statutory pension fund is the biggest institutional investor in Zimbabwe.

But NSSA has come under public criticism after losing millions of dollars following investments in questionable ventures, some of which have collapsed.

 Matiza was fired alongside Shadreck Vera, who was NSSA’s investment director; Patrick Mapani, the finance director; Tendai Mafunda, the corporate services director; and Bright Chidyagwai, the ICT director.

 It is understood NSSA received over 500 applications from interested candidates to fill the now-vacant management posts.

The NSSA board, led by Robin Vela, appointed Hashmon Matemera, a member of the State-run pension fund board, to run the institution on an acting capacity following the sacking of Matiza and the executives until the appointment of a substantive head.

 But the former BancABC managing director was last week relieved of his duties after he was dragged to court on allegations of facilitating the externalisation of US$340 million by a Chinese diamond producer, Jinan, which was mining in the Chiadzwa diamonds fields in Manicaland.
He was released on US$10 0000 bail.

 Now, NSSA has thrust director of benefits, Henry Chikova, to act as general manager. financial gazette


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