Asset managers and pensions funds are set to benefit from the launch of the Zimbabwe Receivables Marketplace Limited (“ZRM”). The launch follows the signing of a Joint venture agreement between the Zimbabwe Stock Exchange Limited (“ZSE”) and Harare Receivables Exchange Limited in December 2019.
Staff reporter
Announcing the launch today ZSE CEO Justin Bgoni said investors such as Asset
Banks have been permanently shutting down their branches as they embrace digitisation at a time the country is also struggling to get cash.This has been the norm with the whole financial services sector and now the emergence of covid has also brought its own challenges that has pushed a greater need to embrace technology.This simply means the more the distance pensioners have to travel to access
INSIGHTS into the Motor Insurance Pool (MIP)
Victims of road traffic accidents involving foreign registered vehicles have been accessing compensation under the Motor Insurance Pool (MIP) upon lodging their claims. Unfortunately, some claims have gone unpaid due to non-fulfilment of requirements.
Some policyholders or victims have not been lodging claims due to inadequate knowledge of the processes
The pension industry has had a lot of issues to deal with from hyperinflation, high contribution arrears, prescribed assets performance and many others.
This week Insurance 24 (I24) was privileged to get in touch with a seasoned pensions expert, Peter Shoniwa (PS) who ,in his own capacity shared his thoughts on these issues.
Below are the excerpts of the interview
I24:
A senior official in the opposition MDC-T, Abednico Bhebhe has expressed pessimism over the prospects of economic recovery under the governing ZANU PF.
He made the remarks while talking to the Daily News on Sunday Staff Writer Jeffrey Muvundusi in a wide-ranging interview which also discussed on the reports of human rights violations in the country. Below are the excerpts.
Since gaining its independence from the United Kingdom in 1980, Zimbabwe has been characterized by a weak economy, poor leadership, human rights violations, and general corruption. The British took interest in this African region for its abundance of precious metals and ores, but the policies that have been enacted since 1980 have only driven Zimbabwe into deeper poverty. Now, the near-16.5 million
Just Travel Cover, a North East England broker specialising in travel insurance, is no longer just about travel. After 21 years, the firm has ventured into home coverage with the help of insurance heavyweights.
The policy, which is available either as standard or premier, is provided by Fairmead Insurance Limited – the new name used by Legal & General Insurance Limited since the start of the
THE Reserve Bank of Zimbabwe (RBZ) says it will announce policy measures to buttress stability of the auction system and exchange rate when it delivers the Mid-term Monetary Policy Review this week.
Monetary authorities, however, continue to reiterate that low production is causing a disproportionately high demand for foreign currency, which is putting pressure on the exchange rate.
RBZ Governor Dr
Experts have been telling us for many years that a worldwide pandemic was long overdue. But when the ball dropped on New Year’s Eve 2019, right around the time the world was hearing the first rumblings about a cluster of suspicious cases of pneumonia in Wuhan, China, did any of us think: “This is it! This is the year!” Probably not.
Still, while COVID-19’s speed and efficacy in spreading
The inflation rate in Zimbabwe has reached 837.53% on an annualized basis last July, TASS reported referring to the national bureau of statistics of Zimbabwe.
In July last year, this figure was 737.3%, the statistical office said.
The discount rate for the Zimbabwean dollar is currently 35.53% per annum, up from 31.7% in June this year. The Central Bank of Zimbabwe this week set the exchange rate