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Labrish
Nyuuz
Half of Zim pension funds are idle, hundreds eye dissolution
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[QUOTE="Shamiso, post: 84041, member: 160"] Hundreds of Zimbabwean retirement pots are vanishing into thin air as financial rot spreads. The Insurance and Pensions Commission released stats revealing that over fifty percent of workplace savings schemes sat idle through September 2025. Out of 968 total organizations listed, 489 ceased operations entirely. Within that group of zombie entities, 372 remain stuck in limbo awaiting final liquidation. Authorities purged several major players from the official ledger. The National Aids Council, Trust Holdings, Zimbabwe Broadcasting Corporation, and Zimbabwe Energy Regulatory Authority witnessed their financial safety nets get deregistered. Bureaucrats warned that even stagnant pools must keep submitting reports until the government officially certifies their closure. Cash inflows actually surged for surviving institutions despite the chaos. Quarterly payments climbed to the US148.35 million figure seen previously. Employers seemingly decided to pay debts, as outstanding arrears dropped nine percent, suggesting active groups are maintaining better fiscal discipline. Participant numbers blew up by seventeen percent, hitting 1.2 million individuals. That massive spike occurred largely because the Construction Industry Pension Fund brought back 178,988 dormant names. Other active schemes contributed slightly, with roughly 6,500 fresh sign-ups joining the system. [/QUOTE]
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Labrish
Nyuuz
Half of Zim pension funds are idle, hundreds eye dissolution
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