Bulawayo24 News - Skyes! "it makes perfect sense"

NHS hit by pension scandal

Zimbabwe's state-controlled National Handling Services (NHS) is facing a serious corporate governance and financial scandal, with reports of unremitted pension funds totaling nearly US$1 million and questionable travel and entertainment al…

Published: 17 Aug 2025 at 09:59hrs | 294 | by Staff rporter

Zimbabwe Govt Pension Fund acquires Monomotapa Hotel

Zimbabwe's largest hospitality group, African Sun Limited (ASL), has agreed to sell the historic Monomotapa Crowne Plaza Hotel and its adjacent car park to the Public Service Pension Fund in a deal valued at US$18 million. The transaction,…

Published: 03 Aug 2025 at 12:18hrs | 480 | by Staff reporter

Zimbabwe's pension sector faces a mounting crisis

Zimbabwe's pension sector faces a mounting crisis as contribution arrears soar to a staggering US$93 million, prompting the Insurance and Pensions Commission (IPEC) to announce an aggressive enforcement crackdown against delinquent employe…

Published: 03 Jul 2025 at 12:27hrs | 208 | by Staff reporter

Zimbabwe govt to clear pre-2009 pensions backlog

The Zimbabwean Government is finalizing amendments to Statutory Instrument (SI) 162 of 2023 to fast-track compensation payments to private sector pensioners who lost significant value in their savings due to the devastating hyperinflation …

Published: 01 Jul 2025 at 08:23hrs | 461 | by Staff reporter

Outdated regulations stifling development in Zimbabwe

Councils across Zimbabwe must urgently modernize and adopt private sector-friendly reforms to eliminate bottlenecks in local government systems that threaten the country's ambitious economic transformation agenda, Deputy Minister of Local …

Published: 28 Jun 2025 at 15:03hrs | 59 | by Staff reporter

Former Wenela miners call for Mnangagwa intervention

Former Zimbabwean miners who worked in South African mines under the Witwatersrand Native Labour Association (Wenela) have appealed to President Emmerson Mnangagwa to intervene in efforts to secure their pensions and compensation for injur…

Published: 28 Jun 2025 at 15:00hrs | 158 | by Staff reporter

Former ZBC employee still waiting for pension after retrenchment

A former Zimbabwe Broadcasting Corporation (ZBC) employee is making a desperate appeal for justice - ten years after being retrenched by the national broadcaster without receiving his pension.In a powerful open letter, the former worker re…

Published: 30 May 2025 at 08:49hrs | 346 | by Staff reporter

Zimbabwe extends pensionable age for workers to 70

The Ministry of Local Government and Public Works has announced a significant change in the pensionable age for local authority workers, extending it to 70 years, a move that has been welcomed by many but also raises questions about workfo…

Published: 01 May 2025 at 08:55hrs | 583 | by Staff reporter

Chamisa has not collected his pension

Former Citizens Coalition for Change (CCC) leader Nelson Chamisa has revealed that he has not collected the pension he accrued during his tenure as a Cabinet Minister and Member of Parliament over 11 years ago. His remarks were made during…

Published: 27 Oct 2024 at 13:17hrs | 1579 | by Staff reporter

Major pension boost for Zimbabwe civil servants

Public sector workers in Zimbabwe are set to benefit from enhanced retirement packages under the proposed State Service Pension Fund, which aims to boost both financial and social security for civil servants. This new initiative will provi…

Published: 13 Oct 2024 at 12:22hrs | 1438 | by Staff reporter

Chamisa laments suffering of pensioners

Former Citizens Coalition for Change (CCC) leader Nelson Chamisa has lamented the deteriorating living conditions of Zimbabwe's senior citizens, attributing their plight to persistent misgovernance. In a statement issued to mark the Intern…

Published: 02 Oct 2024 at 07:56hrs | 240 | by Staff reporter

NRZ has no properties abroad

THE National Railways of Zimbabwe (NRZ) has dismissed social media reports that it owns properties outside Zimbabwe and has lost records of some of them.In a statement, the NRZ said it had often been confused with the NRZ Contributory Pens…

Published: 27 Aug 2024 at 07:40hrs | 124 | by Staff reporter

'Zimbabweans should not over-rely on NSSA pension scheme'

Shepherd Muperi, Director of Social Security at the National Social Security Authority (NSSA), emphasized that individuals should not rely solely on the social security scheme for their retirement needs, as it only constitutes a small port…

Published: 15 Aug 2024 at 07:53hrs | 649 | by Staff reporter

Zimbabwe's public service workers to pay pension in foreign currency

The Treasury has announced that all public service workers earning in foreign currency must now make their pension contributions in the same currency, starting this year, as per the directive from the Public Service Commission (PSC).In cas…

Published: 03 Jun 2024 at 09:31hrs | 52 | by Staff reporter

Zimbabwe govt urged to dollarise pensions

THE Zimbabwe National Union of School Heads (Zinush) has pleaded for the dollarisation of pensions as inflation continues to eat away the life savings of educators, condemning many to poverty after years of loyal service.In a statement, Zi…

Published: 27 Dec 2023 at 07:32hrs | 16 | by Staff reporter

Zimbabwe pensioners to be compensated for 2007-9 losses

PENSIONERS who lost their life savings during the 2007 to 2009 hyper-inflation era will receive compensation from February 2024, a senior Insurance and Pensions Commission (Ipec) official has said.Speaking during a talk show on a commercia…

Published: 17 Nov 2023 at 05:05hrs | 13 | by Staff reporter

Zimbabwe pensioners protest over US$ allowances

PENSIONERS in Bulawayo yesterday protested at the National Social Security Authority (NSSA) offices demanding that their pensions be paid in United States dollars.NSSA authorities had to call in the police to disperse the protesters.In sep…

Published: 14 Jul 2023 at 07:47hrs | 18 | by Staff reporter

Pensioners join Mnangagwa campaign trail

SOME pensioners have launched a shadowy group in support of President Emmerson Mnangagwa named the Zimbabwe Pensioners Welfare Trust for Economic Development (ZPWT4ED).Former Clerk of Parliament Austin Zvoma, who leads the group, told News…

Published: 17 Dec 2022 at 12:14hrs | | by Staff reporter

NRZ pensioners' widows getting US$2 per month

OVER 70 widows of the National Railways of Zimbabwe (NRZ)'s late workers are living in abject poverty in Bulawayo earning a paltry $1 200 per month, an equivalent of US$2.After enquiring with the NRZ about the low pension stipends, the wid…

Published: 19 Aug 2022 at 06:46hrs | 12 | by Staff reporter

Nssa to increase pension pay-outs

NATIONAL Social Security Agency (Nssa) has promised to increase pension pay-outs starting from next month and it will be backdated to this month.In an interview with Daily News on Sunday yesterday, Nssa director of social services Shepherd…

Published: 27 Apr 2022 at 12:57hrs | | by Staff reporter

Pensioners start accessing forex

Pensioners, the elderly, people living with disabilities and those needing to cover foreign currency medical bills yesterday started accessing foreign currency from financial institutions without any hassles.Pensioners commended the Govern…

Published: 09 Feb 2022 at 05:19hrs | 5 | by Staff reporter

Government that brags about paying its pensioners $45 per month needs to go!

I know that when one is a good for nothing loser - whose life is characterized by roguish and disgraceful behavior - finding anything positive to boast about becomes ever more impossible, and, is forced to even brag over the most ludicrous…

Published: 18 Oct 2021 at 20:48hrs | 1 | by Tendai Ruben Mbofana

Zesa pension fund opts for merger

BOARD of directors at the embattled Zesa Holdings Pension Fund (ZESAPF), battling a ZW$2,4 billion (US$28,5 million) actuarial deficit, are now opting for a merger with the Zimbabwe Electricity Industry Pension Fund (ZEIPF) after actuaries…

Published: 02 Jul 2021 at 19:36hrs | 62 | by Staff reporter

Pittance payouts leave pensioners in dire straits

MR Gina Mudzviti (59) of Ultra High Suburb in Gwanda got injured in 2010 while he was working as a gang leader at a local mining company.He has made endless visits to hospital seeking medical help but the accident has left him with a perma…

Published: 26 May 2021 at 06:21hrs | | by Staff reporter

100% payout hike, grocery vouchers for pensioners

PENSIONERS and widows are set to get a 100% increase to their monthly stipends, as well as grocery vouchers worth $3 000 from the National Social Security Authority (Nssa), NewsDay reported.Nssa deputy director for marketing Tendai Mutseye…

Published: 12 Apr 2021 at 07:06hrs | 1 | by Staff reporter

Pensions scandal rocks CSC

Former managers and ex-board members of the Cold Storage Company (CSC) spirited away millions of dollars from the company's pension fund â€“ magnifying the rot in State owned enterprises and parastatals.A report on fraud allegations has si…

Published: 12 Feb 2021 at 05:40hrs | 9 | by Staff reporter

Govt urged to increase pensioners monthly stipends

PENSIONERS have urged President Emmerson Mnangagwa's government to increase their monthly stipends in order to cushion them from the harsh economic situation that continues to affect the country.Zimbabwe has an estimated 500 000 pensioners…

Published: 26 Jan 2021 at 06:54hrs | 1 | by Staff reporter

Mnangagwa orders US-dollar payment on foreign currency pensions

PRESIDENT Emmerson Mnangagwa Friday ordered US dollar pension pay-outs on all investments under which workers injected foreign currency.This comes after thousands of Zimbabwean workers were being forced to accept local currency benefits de…

Published: 28 Nov 2020 at 07:08hrs | 1 | by Staff reporter

War vets demand US$370,000, $78,000 in pension arrears

VETERANS of the liberation struggle have approached the High Court demanding US$364 000 and $78 000 each in pension arrears.The demand dates back to 2008 when they claimed to have been denied their dues despite government's undertaking to …

Published: 27 Nov 2020 at 07:23hrs | 2 | by Staff reporter

'Govt must compensate for lost pension earnings'

GOVERNMENT and insurance companies have an obligation to compensate pensioners who lost the true value of their pension savings in two consecutive periods of hyperinflation, 2008 to 2009 and 2019, lawyer and MDC Alliance legislator Tendai …

Published: 21 Nov 2020 at 22:20hrs | 3 | by Staff reporter

Chidyausiku pension row settled

THE High Court has ruled that the two widows of the late former Chief Justice Godfrey Chidyausiku are both entitled to receive the national hero's pension.the determination by Justice Jacob Manzunzu came about after Chidyausiku's second wi…

Published: 06 Sep 2020 at 09:05hrs | 1 | by Staff reporter

Zimbabwe where people's pensions have disappeared

Retired couple Teddie and Vesta always imagined they would live out their golden years with dignity.He is 85, and served one company for 46 years as a cleaner, eventually rising to become a receptionist. Vesta says that rising inflation ha…

Published: 13 Aug 2019 at 07:55hrs | 2 | by Shingai Nyoka BBC Africa, Harare

Inflation-linked pay-outs for pensioners

Pensioners are set to start receiving inflation-adjusted pay-outs, as the National Social Security Authority (NSSA) starts reviewing the compensation framework.The latest recorded year-on-year inflation rate stood at 97,85 percent as at Ma…

Published: 14 Jul 2019 at 12:24hrs | | by Staff reporter

War vets demand $600 monthly pension

THE Defence and War Veterans ministry has requested a review of pensions for war veterans which are currently pegged at the salary grade of an army warrant officer of $350 per month.Former freedom fighters want the pensions to be pegged at…

Published: 05 Jul 2019 at 08:29hrs | | by Staff reporter

Unclaimed pension funds reach $27m

About 50 000 pensioners have not received their pension payouts with unclaimed pension funds now amounting to more than ZWL$27 million, the industry regulator has said.Speaking during a meeting with funds trustees in Chinhoyi yesterday, In…

Published: 12 Jun 2019 at 07:07hrs | 3 | by Staff reporter

Pensioners Allowances

Again this government of crooks will always please the sides that threaten its power. There is no effective threat from pensioners revolt if ever, and so they cannot be considered for allowances increase. The looters battered NASA has stay…

Published: 26 Apr 2019 at 16:48hrs | | by Clement Moyo (Mr)

Make bread 'reachable' to NSSA pensioners

This morning today, yes, today at around 9 a.m Mr Marufu a NSSA pensioner walked in front of me into a local supermarket in our area for bread. The senior citizen headed straight for the deli corner where 'breads' from various suppliers is…

Published: 16 Apr 2019 at 16:50hrs | | by Gabarinocheka

NSSA pensioners are work veterans

Amon Taribho struggled to stand up as he rose to reach his medication for diabetes and hypertension, the sachet is kept on the top most shelf of his wardrobe, away from kids. The former machine operator who retired two years ago from a fir…

Published: 10 Apr 2019 at 06:46hrs | 8 | by Tondorindo

$30 million in unclaimed pension benefits lies idle

THE Insurance and Pensions Commission (IPEC) says about 50 000 pensioners could be wallowing in abject poverty while their unclaimed benefits amounting to $30 million lie idle at the pension benefit fund.  The country's insurance and …

Published: 25 Mar 2019 at 22:46hrs | 1 | by Staff reporter

NSSA pensioners are crying for attention

Both government and the private sector are doing something on 'hardship allowance' for their workers whilst NSSA pensioners continue to sing the blues. One Hon.MP raised the plight of the suffering pensioners in Parliament early this month…

Published: 21 Mar 2019 at 19:03hrs | 2 | by Tondorindo

Let the elders catch fish for themselves

A bank for women, a bank for youths, a bank for..........etc, when will there be a bank for pensioners? Maybe its because of the general notion that pensioners are destined to expire but, who does not? The founder and owner of KFC is said …

Published: 16 Mar 2019 at 20:25hrs | 2 | by Tondo Murisa

RBZ ring-fences pension values

The Reserve Bank of Zimbabwe (RBZ) will continue to help pension companies preserve the value of their funds in United States dollars, the bank's Governor, Dr John Mangudya, said on Friday.As at June 30 last year, the pension industry had …

Published: 24 Feb 2019 at 06:33hrs | 3 | by Staff reporter

NSSA pensioners are suffering

The prevailing price distortions in the country has thrown NSSA pensioners in the deep end. The paltry monthly pay outs has left most if not all hardly able to buy food and medications for ailments that usually come with old age. Many pens…

Published: 06 Nov 2018 at 07:33hrs | 2 | by Tondorindo Murisa

SA's murky world of pension funds exposed by death of Zimbabwean businessman

The death of South African based Zimbabwean businessman Abraham Ndoro has opened a can of worms, shedding light on the murky pension industry in the Southern Africa powerful economy.Exactly 16 years after his questionable death in 2008, a …

Published: 02 Sep 2018 at 19:38hrs | 2 | by Staff reporter

Zimbabwe pensioners deserve more

'Any injustice to one is injustice to all', very true, I quote from another affected fellow suffering citizen. Indeed pension houses management are living in luxury and opulence at the expense of the 'dying' pensioners. If its NSSA I …

Published: 30 Mar 2018 at 21:18hrs | | by Tondorindo. Chinehasha

Mugabe has been getting $20 000 a month

Former president Robert Mugabe doesn't want to join cash-starved Zimbabwe's bank queues: he wants to get his money out in cash â€“ just like he's always done.It's emerged that the 94 year-old was getting $20 000 a month in cash while he wa…

Published: 12 Mar 2018 at 08:17hrs | 1 | by Staff reporter

Mugabe demands $467,200 pension in cash

Former President Robert Mugabe for years received his salary in cash, and has demanded that the same arrangement apply to his pension lump sum of nearly half a million dollars and monthly pension payments of over $13 000.Documents in posse…

Published: 11 Mar 2018 at 09:22hrs | 2 | by Staff reporter

Widow loses hubby's pension to lover

A Chitungwiza Central Hospital nurse lost over $14 000, which included a lump sum payment of her late husband's pension and $2 000 compensation for damages made to her car, to her ex-boyfriend after she entrusted him with her CBZ Bank card…

Published: 23 Oct 2017 at 06:11hrs | | by Staff reporter

Pensions Master Mnkandla dies

THE Pension Master in the Public Service Commission Mr Sylvester Mnkadla has died. He was 65. In a statement yesterday, Public Service Commission chairman Dr Mariyawanda Nzuwah said Mr Mnkadla served the commission for 43 years."With grief…

Published: 22 Sep 2017 at 06:19hrs | 1 | by Staff reporter

Mugabe cuts Rhodesian pensioner's payout's

THE Robert Mugabe led government has dumped hundreds of pensioners who served in its predecessor Rhodesian administration before relocating to South Africa at independence in 1980.According to NewZimbabwe.com, the Flame Lily Foundation, an…

Published: 11 Sep 2017 at 11:16hrs | | by Staff reporter

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