NSSA defends pension payout

NSSA defends pension payout

  By Ndafadza Madanha THE National Social Security Authority (NSSA) says its core mandate is to provide a basic safety net for its stakeholders but this does not preclude them from making additional savings. In an interview the marketing and communication executive Tendai Mutseyekwa said it was a misconception for people to expect NSSA payouts to cushion pensioners. The authority has in recent time come under intense criticism for the monthly payouts to pensioners which are not commensurate with cost of living. Pensioners receive a minimum of US$80 a month….

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ZTA endorse ZiMarimba Fest …event attempting Guinness World Record

ZTA endorse ZiMarimba Fest …event attempting Guinness World Record

By Daniel Chigundu ZIMBABWE Tourism Authority (ZTA) says it has endorsed the 2018 edition of the ZiMarimba Fest which is set to take place at Prince Edward School on the 25th of May. ZiMarimba Fest is an officially registered Guinness World Record event that is attempting to ensemble the largest marimba group to play together and already over 100 schools drawn from across the country have been invited to participate. The current record was attained by Oxley State School of Brisbane, Australia on November 3, 2016, with a record of…

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Delta to introduce new beers …unfazed by Pepsi competition

Delta to introduce new beers …unfazed by Pepsi competition

By Daniel Chigundu GIANT beverages manufacturing company Delta Corporation says it will be introducing about three new types of beers onto to the market in the near future. The new beers Budweiser, Stella Artois and Corona are a result of Delta’s association with ABInBev which took over SAB Miller. In an interview at the on-going 2018 edition of Zimbabwe International Trade Fair, Delta Corporation corporate affairs executive Patricia Murambinda said the beers are yet to hit the market but will be coming soon. “Very soon we are looking at introducing…

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Lafarge exhibits special products

Lafarge exhibits special products

By Daniel Chigundu LEADING cement manufacturing concern Lafarge Cement which is exhibiting at the 59th edition of Zimbabwe International Trade Fair (ZITF) says this year they have decided to pay attention to their special products segment. In an interview at the company’s exhibition stand, communications manager Tsungie Manyeza said although cement is on exhibition the major highlight is special products. “We have decided to highlight a certain section of our business other than cement, so we have our cement on display but the highlight of our exhibition is our special…

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Reengagement key to IDBZ capital raise efforts

Reengagement key to IDBZ capital raise efforts

  By Ndafadza Madanha THE Infrastructure Development Bank of Zimbabwe (IDBZ) ability to increase its capital to US$250 million by year end is partly dependent on government’s successful conclusion of reengagement talks and payment of arrears to multilateral institutions such as the World Bank (WB) and Africa Development Bank (AFDB). According to IDBZ chief executive Thomas Zondo Sakala, the institution had set out to increase its capital from US$70 million to US$250m.  He emphasized that the country’s infrastructure agenda is large requiring an estimated minimum of no less than $1.60…

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