(markets)
The Zimbabwe Stock Exchange (ZSE) closed 1.42% weaker on the All-Share Index, settling at 188.1969 points.
This decline was primarily driven by a 5.9% slump in DLTA, following a block trade of 1.2 million shares, which significantly boosted both volumes and values.
Overall, 4.1 million shares were traded, with OKZ, DLTA, and ECO leading activity. The total value traded reached ZWG 20
Staff Writer
Insurance and pensions industry regulator, IPEC says the life assurance industry is moving long term products to pre-dominantly annually renewable products which is inconsistent with the spirit and intention of the Funeral Directive.
According to the Q4 2024, life assurance report, the direct life insurers reported insurance revenue of ZiG3.15 billion, equivalent to US$175 million, during
A total of 5 pension funds were registered during the year ended 31 December 2024 namely Bubi RDC, Contact Family Counselling Centre Provident Fund, Donhodzo Micro-Pension Fund, Medical and Allied Industry and Africa University Provident Fund.
Chipper, under Zimnat, was erroneously reported in the prior quarter as registered, yet unregistered.
Pension scheme sponsors and administrators should ensure
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Staff Writer
Harare: Econet Wireless insurance business continues to grow and expand largely riding on the group’s digital platforms.
According to the group’s financials for the 3d quarter ended November 30, 2024, the life insurance business, EcoSure, recorded a 51% growth in transaction volumes compared to the same period last year as it continues to offer digital bundled products for
Staff Writer
HARARE, The Insurance Council of Zimbabwe (ICZ), an association of short-term insurers, says the industry is exploring new business lines through inclusive insurance and targeting the informal sector.
Currently, motor and fire insurance continue to dominate short-term insurance industry revenue in both local currency and US dollar terms.
Staff Writer
HARARE: Attending antenatal clinics or classes is important for the well-being of pregnant women and their babies as it equips them with knowledge, exposes them to screening and treatment for any health issues, Cimas Health Group’s doctor Martin Chirara has noted.
Dr Chirara was commenting in light of the theme for the recently commemorated World Health Day, “Healthy Beginnings, Hopeful
Staff Writer
Harare, CABS, Zimbabwe’s largest building society and a subsidiary of Old Mutual Zimbabwe, says during the course of 2024, it declared and paid dividends amounting to ZiG348.28m (being US$12 mln).
Dividends are the percentage of a company’s earnings that is paid to its shareholders as their share of the profits.
Dividends are generally paid quarterly, with the amount decided
Staff writer
Southern Africa focussed mine development and metals exploration company, Kavango Resources says it has issued a US$5million convertible loan note facility to a consortium of Zimbabwe registered pension funds, Insurance- 24 reports.
The Convertible is interest free can be drawn down in three tranches by Kavango and is convertible into new ordinary shares in Kavango at a conversion price
Staff Writer
HARARE: Fidelity Life Assurance (FLA) says the asset separation exercise is close to completion and is set to be concluded in Q1 2025.
Chairman Livingstone Gwata, in a statement on the group’s 2024 financials, said the business is now wrapping up the paperwork required to fully execute the exercise.
“The exercise brings