{"id":23940,"date":"2020-06-04T20:46:36","date_gmt":"2020-06-04T18:46:36","guid":{"rendered":"https:\/\/www.africa-press.com\/zimbabwe\/?p=23940"},"modified":"2020-06-04T20:46:36","modified_gmt":"2020-06-04T18:46:36","slug":"nssa-investment-manager-fired-for-misconduct","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-investment-manager-fired-for-misconduct","title":{"rendered":"NSSA Investment Manager Fired For Misconduct"},"content":{"rendered":"

NSSA has reportedly fired the Authority\u2019s Investment manager Richard Fusire after it emerged that he ill-advised NSSA to invest in $6 million high-risk investment, ZBC News reports.<\/p>\n

Fusire is also accused of authorising the payment of over US$1,4 million in a housing project in Chinhoyi which is yet to commence up to this day, without following NSSA\u2019s proper investment market analysis.<\/p>\n

According to the publication:<\/p>\n

\n

Fusire who was employed as an investment analyst, acted contrary to the NSSA risk policy and sanctioned investments of US$6 million with the Metbank that did not meet the authority\u2019s criteria because its credit rating was despicable.<\/p>\n

The investments into Metbank were against the NSSA risk policy as the authority\u2019s investments committee\u2019s Counter Party Limits Report graded Metbank as a high-risk financial institution and recommended against any future transactions with it due to its failure to meet the credit criteria required by the authority.<\/p>\n

\n
<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

NSSA has reportedly fired the Authority\u2019s Investment manager Richard Fusire after it emerged that he ill-advised NSSA to invest in $6 million high-risk investment, ZBC News reports. Fusire is also accused of authorising the payment of over US$1,4 million in a housing project in Chinhoyi which is yet to commence up to this day, without […]<\/p>\n","protected":false},"author":84,"featured_media":13067,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,12],"tags":[723],"class_list":["post-23940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-nssa"],"yoast_head":"\nNSSA Investment Manager Fired For Misconduct - zimbabwe<\/title>\n<meta name=\"description\" content=\"NSSA has reportedly fired the Authority\u2019s Investment manager Richard Fusire after it emerged that he ill-advised NSSA to invest in $6 million high-risk\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-investment-manager-fired-for-misconduct\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NSSA Investment Manager Fired For Misconduct\" \/>\n<meta property=\"og:description\" content=\"NSSA has reportedly fired the Authority\u2019s Investment manager Richard Fusire after it emerged that he ill-advised NSSA to invest in $6 million high-risk\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-investment-manager-fired-for-misconduct\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-04T18:46:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/2019\/09\/nssa-300x173.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"173\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-investment-manager-fired-for-misconduct#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-investment-manager-fired-for-misconduct\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NSSA Investment Manager Fired For Misconduct\",\"datePublished\":\"2020-06-04T18:46:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-investment-manager-fired-for-misconduct\"},\"wordCount\":159,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-investment-manager-fired-for-misconduct#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/2019\/09\/nssa-300x173.jpg\",\"keywords\":[\"NSSA\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-investment-manager-fired-for-misconduct#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-investment-manager-fired-for-misconduct\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-investment-manager-fired-for-misconduct\",\"name\":\"NSSA Investment Manager Fired For Misconduct - 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