1/22/2015

NSSAtoinjectover$10minprojects|TheHerald
Search

Thursday, 22nd January 2015

Top Stories

Local News

Business

Opinion & Analysis

International

Crime & Courts

Entertainment

Sport

Advertise

Zanu-PFs venerable saints

DeMbare face strikers crisis

NSSA to inject over $10m in projects

January 22, 2015

Popular Posts

Like

Mujuru game-plan exposed

Mliswa causes furore at Zanu-PF

Zim, China pen landmark deal

Rambanepasi to lead CAPS

Mnangagwas nomination

Business

Bus1

TheHeraldZimbabwe

22/01/15

16648 hits

147,138peoplelikeTheHeraldZimbabwe.

meeting
22/01/15

14852 hits

22/01/15

5406 hits

Facebooksocialplugin

United
22/01/15

4220 hits

Gallery

unopposed
22/01/15

3530 hits

Sponsored Links

Polls
Harare Weather

Does Zimbabwe need more

Tollgates?

HARARE
Zimbabwe

Yes

27

No

PartlyCloudy
High:26Low:14

National Social Security Authority is planning to officially open the 140-room Rainbow Beitbridge Hotel

Conrad Mwanawashe Business Reporter

Wind:S9.66km/h

Vote

Humidity:48%

View Results

Visibility:9.99
Sunrise:5:35am
Sunset:6:36pm

THE National Social Security Authority (NSSA) expects to inject more than $10 million into
various projects countrywide including capitalisation of a new building society as part of a 10year development plan.This year, NSSA is focusing on a housing development in Masvingo, a
commercial centre in Chipinge and the setting up of a new building society.

Sponsored Links

Thursday

Friday

High:26
Low:14

High:27
Low:13

All real estate projects will be collapsed into the building society once it comes on board.
NSSA general manager Mr James Matiza said about $6,3 million will be released into developing
the Chipinge commercial centre this year but total project cost is expected to top $10 million.
Our main contractor is now on site and we expect to move according to schedule, said Mr
Matiza.
The project comprises of a supermarket, office space for identified corporates and targeted
tenants include banks, some mining houses, mobile phone service providers and fast food
service providers.
NSSA will also develop a green zone or park in Chipinge.
On the building society licence, Mr Matiza said the process is progressing well.
An application for a building society licence with the Reserve Bank of Zimbabwe is at an

Zimpapers Links
About Zimpapers
Gallery
Subscribe
Advertise
Chronicle
The Sunday Mail
BMetro
Sunday News

advanced stage. The authority is currently compiling paperwork requested by the central bank

BH24

which will lead to the issuance of the licence. The licence is expected soon, he said.

StarFM

Mr Matiza said the new building society will start with an initial capital of $5 million building

Manicapost

towards the $20 million threshold set by the central bank for building societies.

Kwayedza

If our application is approved by the RBZ we will then start setting up structures for the building
society including staff recruitment, said Mr Matiza.

About US
Contact US

In Masvingo, 680 residential stands will be developed. Last year the authority was working on
the sewer system and actual servicing of the stands will commence this year.

Herald Bloggers

Mr Matiza said quantity surveyors are expected on site soon to ascertain the total requirements
for the project.
Focus has been given to housing projects this year in line with the Zimbabwe Agenda for

Zim Asset:
Download Document

Sustainable Socio-Economic Transformation policy framework.

NSSA has a target of developing 1 000 new units per annum under Zim-Asset.

http://www.herald.co.zw/nssatoinjectover10minprojects/

The Other Side with:

Nathaniel Manheru

1/2

1/22/2015

NSSAtoinjectover$10minprojects|TheHerald

The authority expects to officially open the recently constructed 140-room Beitbridge Hotel.
We are consulting with our minister on the official opening of the hotel, said Mr Matiza.

Nathaniel Manheru

Nzenza Sekai
Features Analysis

Political Mondays with:

Tweet

Amai Jukwa

Share

Related Posts
I will not go, says
Kanyekanye...

Zim, SADC back Sakala for

AfDP presiden...

January 22, 2015

January 22, 2015

Sharuko on Saturday:
Robson Sharuko

Lloyd Gumbo:

TLG Capital partners

GetBucks

Mr Speaker, Sir

January 22, 2015

Business Focus:
Ruzvidzo Victoria
WHAT'STHIS?

ALSOONHERALDLIVE

Zim,Chinapenlandmarkdeal
11comments

MujurualliesditchMutasaasthey
pledgeloyaltyto41comments

MliswacausesfuroreatZanuPF
meeting19comments

Kerekecase:GuardianwantsTomana
charged2comments

Reason Wafawarova:
on Thursday

The Arena with:

2Comments

heraldlive

Login

Hildergade Manzvanzvike

Share Favorite

SortbyOldest

Gender Forum:
Ruth Butaumocho

Jointhediscussion
thewatcher anhourago

buttowasteCBDspaceintoaparkinglot,whynotletothercapableinvestorsintothe
fray,ratherthanhavingamouthfulyoucannotchew.

TechSpot with:
Tonderai Rutsito

Reply Share

DrNzira anhourago

Reflections with:

KozvepaXimexMallzvichatopererapaCarParkiyoiyahere????

Isdore Guvamombe

Reply Share

At the Workplace with:

Subscribe

AddDisqustoyoursite

Privacy

John Manzongo

HIV walk with:

Cathrine Murombedzi

Mushowe Knowledge
Features Analysis

Sponsored Links

Sponsored Links

Sponsored Links

Contact Details
Phone: 263 4 795771
Email: Contact Us
Herald House
Corner Geoge Silundika & Sam Nujoma St

2013 The Herald

Terms and Conditions

Copy Protected by Chetans WP-Copyprotect.

http://www.herald.co.zw/nssatoinjectover10minprojects/

2/2