State funds snap up 60 pct of CBZ

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AT LEAST three state-linked institutions – the National So­cial Security Authority (Nssa), the Public Service Pension Fund (PSPF) and Mutapa Investment Fund (MIF) – now control about 60 percent of CBZ Hold­ings (CBZ), as the government moves to strengthen its position in the country’s largest financial services group. The development comes as authorities move to…