Home LOCAL NEWS Cash Crunch: Fed Up Pensioners Besiege POSB

Cash Crunch: Fed Up Pensioners Besiege POSB

Cash Crunch: Fed Up Pensioners Besiege POSB

Cash Crunch: Fed Up Pensioners Besiege POSB

HORDES of agitated pensioners and war veterans Thursday besieged the People’s Own Savings Bank (POSB) Head Office in Harare demanding the release of their payments as the current cash crunch took a toll on the former workers.

Cash Crunch: Fed Up Pensioners Besiege POSB

The pensioners have been frequenting the banking hall to try and withdraw their pensions with no success.

They ran out of patience on Thursday and started demanding their dues from the financial institution.

“We fought for this country, but we are now being ill-treated,” said one pensioner, who identified herself as Sarudzai Mawokomatsva.

“I left my children at home without food. What do I do now without my money? I can’t even send my children to school anymore. The situation is just unbearable.

“Last month it was the same thing. If they continue treating us this way, we will invade the finance minister’s office because we want answers.”

Sixty-nine-year-old Vitalis Mhizha came from Murehwa and was among some of the desperate pensioners who traveled during the night hoping to withdraw his money.

Because of continued failure to access cash and continued price increases, 68-year-old Simon Mavaye said he has been forced to default on his medication.

“I take BP tablets but sometimes I don’t get them because I don’t have money.

“We are told that SSB (Salary Service Bureau) released our money to this bank but now they are denying us our money. I have to buy my tablets today (Thursday). So they have to give me my money.

“We have to rely on traditional healers now. We have no choice. I cannot go to a hospital when I have no capacity to pay for tablets from a pharmacy. It is very expensive for us.”

Two POSB officials who attempted to calm the situation at the Head Office’s foyer were met with insults by angry pensioners.

The pensioners also directed their anger towards Finance Minister Mthuli Ncube and central bank governor, John Mangudya who they blamed for causing chaos in the economy.


Kikky badass declares she is the hottest female celebrity in Zim

Rapper Kikky badass might have bitten off more than she could chew when she declared that she is the hottest female celebrity in Zim.

Kikky Badass might be the smexiest female artiste in Zim

She made her declaration in an exclusive interview with Newsday. Kikky is well known for her..,Full Story


Genius Kadungure aka Ginimbi was a popular Zimbabwean socialite and businessman.

He was also the founder and Chief Executive Officer of a gas company, Pioneer Gases which has interests in Botswana, South Africa, and Zimbabwe. He was also the owner of Dreams Nightlife Club...read more