{"id":33094,"date":"2021-01-19T22:51:44","date_gmt":"2021-01-19T20:51:44","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=33094"},"modified":"2021-01-19T19:01:59","modified_gmt":"2021-01-19T17:01:59","slug":"nssa-cedes-33-stake-in-turnall-holdings","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings","title":{"rendered":"NSSA Cedes 33% Stake In Turnall Holdings"},"content":{"rendered":"

Africa-Press<\/a> – Zimbabwe<\/a>. <\/strong><\/span>By Alois Vinga<\/b> – NATIONAL Social Security Authority (NSSA) is set to cede 32.5 % stake in listed roofing and building products manufacturer, Turnall Holdings Limited (THL).<\/p>\n

In a cautionary statement, THL urged the shareholders to exercise caution until the transaction is completed.<\/p>\n

\u201cThe board of directors of Turnall Holdings Limited advises all shareholders that one of the company\u2019s shareholders, National Social Security Authority (NSSA) intends to dispose its 32.5 % shareholding in the business as part of its investments consolidation strategy,\u201d the company said.<\/p>\n

The development that may result in a transaction that can have a material impact on the value of the company\u2019s shares.<\/p>\n

The board therefore advises shareholders to exercise caution when dealing in their THL shares and to consult their professional advisers before dealing in their shares until such a time the results of the said transaction are known.<\/p>\n

\u201cThe board advises shareholders that the company\u2019s unaudited financial performance for the year and the company forecasts further improvements in the current year 2021,\u201d added THL.<\/p>\n

The authority has been disposing stake in various investment portfolios since last year.<\/p>\n

NSSA is set to dispose of its 35.09% stake in Fidelity Life Assurance (FLA) to Zimre Holdings Limited (ZHL).<\/p>\n

The acquisition was done through a share swap agreement where NSSA will be issued with 65,14 million authorised but unissued ZHL shares on the basis of one ZHL ordinary share for every 0.59 FLA shares held by NSSA.<\/p>\n

Another 37,79% stake in ZB Bank was also disposed to an entity linked to business tycoon and President Emmerson Mnangagwa\u2019s adviser, Kuda Tagwirei.<\/p>\n

Key stakeholders like the Zimbabwe Congress of Trade Unions (ZCTU) which has a board member representing workers\u2019 interests in NSSA, have since criticised the authority for implementing the decisions without input from key stakeholders.<\/p>\n

But NSSA has dismissed such claims arguing that the transactions being undertaken are above board and in line with new investment priorities.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. By Alois Vinga – NATIONAL Social Security Authority (NSSA) is set to cede 32.5 % stake in listed roofing and building products manufacturer, Turnall Holdings Limited (THL). In a cautionary statement, THL urged the shareholders to exercise caution until the transaction is completed. \u201cThe board of directors of Turnall Holdings Limited advises […]<\/p>\n","protected":false},"author":84,"featured_media":33093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[1493,2189,19],"class_list":["post-33094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-zimbabwe-2","tag-zimbabwe"],"yoast_head":"\nNSSA Cedes 33% Stake In Turnall Holdings - zimbabwe<\/title>\n<meta name=\"description\" content=\"By Alois Vinga - NATIONAL Social Security Authority (NSSA) is set to cede 32.5 % stake in listed roofing and buil ...\" \/>\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-cedes-33-stake-in-turnall-holdings\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NSSA Cedes 33% Stake In Turnall Holdings\" \/>\n<meta property=\"og:description\" content=\"By Alois Vinga - NATIONAL Social Security Authority (NSSA) is set to cede 32.5 % stake in listed roofing and buil ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-19T20:51:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/01\/img-60071069a638c.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\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=\"2 minutes\" \/>\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-cedes-33-stake-in-turnall-holdings#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NSSA Cedes 33% Stake In Turnall Holdings\",\"datePublished\":\"2021-01-19T20:51:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings\"},\"wordCount\":322,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/01\/img-60071069a638c.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zimbabwe\",\"Zimbabwe\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings\",\"name\":\"NSSA Cedes 33% Stake In Turnall Holdings - zimbabwe\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/01\/img-60071069a638c.jpg\",\"datePublished\":\"2021-01-19T20:51:44+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"By Alois Vinga - NATIONAL Social Security Authority (NSSA) is set to cede 32.5 % stake in listed roofing and buil ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/01\/img-60071069a638c.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/01\/img-60071069a638c.jpg\",\"width\":800,\"height\":533,\"caption\":\"NSSA Cedes 33% Stake In Turnall Holdings\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/zimbabwe\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NSSA Cedes 33% Stake In Turnall Holdings\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/\",\"name\":\"zimbabwe\",\"description\":\"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"NSSA Cedes 33% Stake In Turnall Holdings - zimbabwe","description":"By Alois Vinga - NATIONAL Social Security Authority (NSSA) is set to cede 32.5 % stake in listed roofing and buil ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings","og_locale":"en_US","og_type":"article","og_title":"NSSA Cedes 33% Stake In Turnall Holdings","og_description":"By Alois Vinga - NATIONAL Social Security Authority (NSSA) is set to cede 32.5 % stake in listed roofing and buil ...","og_url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings","og_site_name":"zimbabwe","article_published_time":"2021-01-19T20:51:44+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/01\/img-60071069a638c.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"NSSA Cedes 33% Stake In Turnall Holdings","datePublished":"2021-01-19T20:51:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings"},"wordCount":322,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/01\/img-60071069a638c.jpg","keywords":["Africa Press","Africa Press-Zimbabwe","Zimbabwe"],"articleSection":["all news","Economy","homepage-english","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings","url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings","name":"NSSA Cedes 33% Stake In Turnall Holdings - zimbabwe","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/01\/img-60071069a638c.jpg","datePublished":"2021-01-19T20:51:44+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"By Alois Vinga - NATIONAL Social Security Authority (NSSA) is set to cede 32.5 % stake in listed roofing and buil ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings#primaryimage","url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/01\/img-60071069a638c.jpg","contentUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/01\/img-60071069a638c.jpg","width":800,"height":533,"caption":"NSSA Cedes 33% Stake In Turnall Holdings"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nssa-cedes-33-stake-in-turnall-holdings#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/zimbabwe\/"},{"@type":"ListItem","position":2,"name":"NSSA Cedes 33% Stake In Turnall Holdings"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website","url":"https:\/\/www.africa-press.net\/zimbabwe\/","name":"zimbabwe","description":"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts\/33094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/comments?post=33094"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts\/33094\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/media\/33093"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/media?parent=33094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/categories?post=33094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/tags?post=33094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}