NSSA targets underperformers in portfolio shake-up

LIVINGSTONE MARUFU The National Social Security Authority (NSSA), a cash-rich State-owned pay-as-you-go pension scheme, is preparing to offload underperforming and non-dividend-paying stocks while increasing its stakes in profitable blue-chip companies, as it seeks to lift investment income and dividend returns. The move will see NSSA streamline its equity portfolio by reducing exposure to counters that…