ZHL restructuring pays off

ZHL restructuring pays off

Staff writer

Zimre Holdings Limited (ZHL) generated ZW$10.6 billion in total income in the year ended 31 December 2021, a 137% growth from the prior year largely as a result of the new structure.

In 2021, ZHL Group began the process of restructuring and repositioning itself to include wealth creation and management both for its shareholders and the communities within which

Read more

Trustee Remuneration? What Remuneration?

Trustee Remuneration? What Remuneration?

By Gandy Gandidzanwa and Itai Mukadira

This discussion demands clarity first. In fact, the topic should have been more appropriately titled, “Trustee Remuneration? What, and Why, Remuneration?”

With that out of the way, let us dig in.

At a time when the regulatory and legislative provisions are becoming more and more onerous, governance obligations forever

Read more

Ipec publishes list of top pension fund arrears contributors

Ipec publishes list of top pension fund arrears contributors

Staff Writer

The Insurance and Pensions Commission (Ipec) has published a list of 50 entities dominating the pension contribution arrears in terms of value.

Topping the list is the National Railways of Zimbabwe tops the list, owing the NRZ Pension Fund $668,96 million, followed by the Harare City Council  owing the Local Authorities Pension

Read more

IPEC earmarks second trial run for Own Risk and Solvency Assessment (ORSA

IPEC earmarks second trial run for Own Risk and Solvency Assessment (ORSA

Staff Writer

INSURANCE and Pensions Commission has earmarked a second trial run for Own Risk and Solvency Assessment (ORSA) with submissions from industry due by 30 October 2022 while the final ORSA guidance from the Commission is aimed for 31st of December 2022.

Last year the regulator requested insurers to submit their mock 

Read more

53 Africa Higher Education Centres to convene in Benin

53 Africa Higher Education Centres to convene in Benin

Staff writer

53 Africa Higher Education Centres are set to convene for   the 7th bi-annual meeting of the Africa Centres of Excellence for Development Impact (ACE Impact) in Cotonou, Benin Next week.
The In-person meeting which is the first Post-Covid is aiming to enhance the drive toward Achieving Development Impact.

The meeting also seeks to

Read more

ICZ commits to protect tobacco farmers from unscrupulous insurers

ICZ commits to protect tobacco farmers from unscrupulous insurers

Staff Writer

The Insurance Council of Zimbabwe (ICZ) says it is seized with the issue of protecting tobacco farmers after it emerged that some unscrupulous insurance firms are not giving insurance cover to farmers in times of trouble.

The council says is has launched an investigation into the matter with hope to put closure to the issue

Read more

Diamonds in the Rough – How to Pick the Ideal Private Equity Fund for Pension Funds Investments!

Diamonds in the Rough – How to Pick the Ideal Private Equity Fund for Pension Funds Investments!

A huge, game-changing, opportunity seems to have remained hidden in plain sight for many in the pension fund industry. Even recent regulatory changes shining the spotlight on this opportunity does not seem to have helped that much to open the eyes of many. Not only is this such a big loss to the industry,

Read more

Old Mutual Insurance’s financial strength upgraded

   

Old Mutual Insurance’s financial strength upgraded

Staff Writer

Old Mutual Insurance Company (OMICO) financial strength rating has been upgraded to an AA, symbolizing its ability to pay claims and maintain a strong market position, Insurance 24 reports.

In a statement, OMICO said the rating symbolised the strength in its financial profile and ability to pay claims and strong market position

Read more

Government urges pensions industry to increase uptake of prescribed assets

 

Government urges pensions industry to increase uptake of prescribed assets

Staff Writer

Harare, Government says it is keen to see the pension’s industry redirect resources that deepen the financial services sector as it urged the sector to increase uptake in prescribed assets.

The insurance and pensions industry has been saddled by investing in prescribed assets pushing to the fore the narrative

Read more