Pension funds numbers dip

The number of pension funds in Zimbabwe has dipped to 965 from a high of 4 000 underlining the tough economic environment, a pensions fund manager has said.

This was revealed by the Zimbabwe Association of Pension Funds director general Sandra Musevenzo when she appeared before the Parliamentary Committee on Budget, Finance and Investment Promotion led by Zaka legislator Clemence Chiduwa.

“We have got about 967 000 members, this includes active members, pensioners, beneficiaries, that is including spouses and children.

This story is for NewsDay subscribers.