President Emmerson Mnangagwa has bemoaned the maladministration of the National Social Security Authority (NSSA) saying the authority has “been a thorn in our flesh.
He made the remarks in his weekly column for The Sunday Mail, in which he said the “sheer lack of creative management” is affecting NSSA’s potential to meaningfully contribute to economic growth and development.
He also expressed the same feeling for other parastatals such as the Procurement Regulatory Authority of Zimbabwe (PRAZ), and Cotton Company of Zimbabwe (COTTCO) saying heads will roll.
On the eve of my departure for Davos, Switzerland, for the World Economic Forum (WEF), I got a disheartening report pointing to corporate rot in NSSA.
This isn’t the first time Government had got such a disturbing report; NSSA has been a thorn in our flesh, a pain that will not go away.
Why such a cash-rich institution with such a wide remit on investment possibilities simply decides to stash millions, and abuse no less, in a country and economy so embattled by both endogenous and exogenous adversities, no sane human being can ever fathom, least of all those of us in Government.
NSSA’s equivalents in various jurisdictions are on the cutting edge of public investments.
They determine the national course and direction. Not so our NSSA here.
The time may have now come for us to re-locate the headache to where it should be suffered, namely in heads of those begetting corporate malfeasances, all to our collective detriment.
He said while the number of workers paying subscriptions to NSSA continues to increase, reflecting positive economic growth, this was not being matched by a commensurate public investment by the social security authority.
NSSA) and the Zimbabwe National Pensioners Forum Trust (ZNPFT) recently denied reports of corruption by the two organisations saying the allegations originated from individuals who are threatened by NSSA’s success.