Categories: Stories

Zimbabwe in talks with South Africa on how its citizens can repatriate their pensions when they return home

Zimbabwe is in talks with South Africa to put in place a framework which will allow its citizens working in the neighbouring country to repatriate their pensions upon their return home, an official has said. 

It is estimated that at least a million Zimbabweans are living and working in South Africa.

Public service, labour and social welfare permanent secretary Ngoni Masoka told journalists yesterday that the plan was being structured under a bilateral Memorandum of Understanding on labour administration signed by the two countries in April.

“We are looking at issues like portability of social security.  When our people go to South Africa, they work there contributing to pensions so we would like to make sure that there is portability of their pensions when they come back home,” Masoka said.

“If they are any disputes we will also come in as governments to assist in dispute settlement.”

(268 VIEWS)

This post was last modified on %s = human-readable time difference 9:10 pm

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

ZiG firms against US dollar for 10 days running but people still do not have confidence in the currency

Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…

November 16, 2024

Zimbabwe among the top countries with the widest gap between the rich and poor

Zimbabwe is among the top 30 countries in the world with the widest gap between…

November 14, 2024

Can the ZiG sustain its rally against the US dollar?

Zimbabwe’s battered currency, the Zimbabwe Gold, which was under attack until the central bank devalued…

November 10, 2024

Will Mnangagwa go against the trend in the region?

Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…

October 22, 2024

The Zimbabwe government and not saboteurs sabotaging ZiG

The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…

October 20, 2024

The Zimbabwe Gold will regain its value if the government does this…

Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…

October 16, 2024