Zimbabwe's Public Service, Labour and Social Welfare Minister July Moyo has been accused of using cash from his own department as collateral for a Z1-billion loan for a company owned by two close associates. Moyo's ministry is said to have deposited the money into a First Bank account to secure a loan for Smoothnest Investments. Smoothnest is partly owned by National Social Security Authority (NSSA) chairman Edwin Manikai, who was appointed by Moyo to head up the NSSA public and private sector pension fund.