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The National Social Security Authority on Sunday said it has earned over $4,5 million in dividends from its investment in financial group, FBC Holdings in the last five years and is eyeing more favourable returns in the future.At 35 percent, NSSA is the biggest shareholder in the Zimbabwe Stock Exchange-listed financial services group. In the five year period from 2009, NSSA said FBCH’s share price on the bourse had grown by 858 percent while also delivering dividends amounting to $4,5 million.

“The authority has derived a positive return on its investment, through capital gains and dividend income,” NSSA said.

“The authority envisages continued positive returns going forward.”

NSSA, which is a state-run pension fund, said it had through FBCH managed to invest in the property sector, contributing to Government’s objective of providing housing for all.

The housing delivery had been done through a partnership with FBCH’s building society.

In the last five years, the authority in partnership with FBCH had invested in over 750 housing units constructed in Harare’s Glaudina suburb, Rusike in Marondera and Kwekwe.

Plans were underway to construct a further 1 500 houses in Harare, NSSA said.

Zimbabwe is battling a serious housing shortage, with the waiting list for potential home owners estimated at 1,5 million.

NSSA said it was eyeing to grow its investments in the property sector. – New Ziana.