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Nssa writes off $6m loans

HARARE – Pensions administrator National Social Security Authority (Nssa) has written off $5,6 million in loans inherited from now defunct Capital Bank Corporation Limited (Capital Bank). The bad loans surged from $52 073 in 2012. Capital Bank is 87 percent-owned by Nssa. Patrick Mapani, the authority’s finance director, said the loans, struck off the books…

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