Firing of NSSA managers will stop the rot - ZCTU

The Zimbabwe Congress of Trade Unions (ZCTU) has welcomed the move by the new National Social Security Authority (NSSA) Board to fire top managers, including the general manager, as part of the restructuring process, but notes that the move will not stop the rot as long as the board is not independent in its decision making.

"For long the ZCTU has been complaining about the rot at NSSA, including bad investment decisions that saw millions of dollars of workers' money being lost in collapsed banks. Reports indicate that NSSA lost $50 million in ReNaissance Merchant Bank, $15 million in Interfin Banking cooperation, another $16 million in other collapsed banks as well as close to a million in Genesis Bank," said ZCTU secretary General Japhet Moyo.

"NSSA mangers 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."

He said 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 than to seek recourse in the courts. We have all the reason to have our candidate sit on the board to safeguard workers' contributions," he said.