PUBLIC Service, Labour and Social Welfare minister Nicholas Goche is expected to announce a new board to drive the National Social Security Authority (NSSA) following the expiry of the previous board’s tenure.
BY OUR STAFF
The authority is currently operating without a board following the expiry of former directors’ terms of office in August.
“The minister has said a new board would be in place soon. Some from the old board will be retained to ensure continuity,” a source said.
Goche’s number was unavailable last week.
The previous board was chaired by top lawyer Innocent Chagonda. He was deputised by corporate governance expert David Mutambara. Other members of the board were NSSA general manager James Matiza (ex officio), Chris Hokonya, David Govere, Joseph Kanyekanye, Cecilia Alexander, Rosa Dube, Kennias Shamuyarira, Ephanos Makiwa and Mukondomi.
NSSA OWNS PROPERTIES
NSSA has interest is banks, insurance and properties. It has 26,6% in FBC Holdings, the parent company of FBC Bank and 37,9% shareholding in ZB Financial Holdings that wholly owns FBC Bank. The authority also has 84% in Capital Bank, formerly ReNaissance Merchant Bank and 10% in CBZ Holdings. The authority also has a controlling shareholding in First Mutual Holdings and Rainbow Tourism Group.
