National Pensions Scheme Authority (NAPSA) says it has the objective to provide long term income supply to its members.

NAPSA Director General Yollard Kachinda said that authority has the fiduciary responsibility to safeguard and grow the members by engaging in viable investment projects.

Mr. Kachinda said this during the handover of the dividend cheque worth K7.9 million from ZCCM-IH at NAPSA Headquaters in Lusaka today.

“The interests of workers contributing to NAPSA will always be at the center of every investment we make, thus we will always ensure that we invest and grow the fund in a transparent and prudent manner which will result in a financially sustainable scheme, ” he said.

Mr. Kachinda further disclosed that the authority currently has over 16, 000 pensioners on its payroll with a total payout standing at over K1 billion in 2019.

He further assured that the cash flow will be ploughed back to ‘turn the wheels of the economy’ through paying the securities to pensioners.

Meanwhile, ZCCM-IH Chief Executive Officer Mabvuto Chipata opened up on NAPSA’s investment in the company.

“NAPSA is one of our key shareholders with a 15 percent stake in ZCCM-IH. This fourth dividend cheque is a fulfilment of one of our strategic pillars and it demonstrates our commitment to our strategic shareholders, for them to get a return on their investment,” Mr. Phiri added.

He further said: “Our strategic plan is underpinning by a transformative investment agenda aimed at driving sustainable growth in the company for the benefit of all our stakeholders.”

The ZCCM-IH boss remains positive about the future outlook of the company.
ZCCM-IH has paid a divided total sum of K55, 833, 959. 26 from profits to NASPA since 2014.

Source: Tech Watch News