Staff Writer
Harare, The Zimbabwe Stock Exchange (ZSE) has notified the investing public of the voluntary termination of the listing of the Old Mutual Top Ten Exchange Traded Fund, effective 17 January 2025.
The unitholders of the Old Mutual Top Ten Exchange Traded Fund met on 12 December 2024 and resolved to voluntarily terminate the Exchange Traded Fund’s listing on the ZSE under Section 11
Staff writer
Harare, Projects in agriculture, infrastructure, agriculture and energy dominate the list of investments that were granted Prescribed Asset Status in the nine-month period to September 30, 2024.
At law, pension funds and insurance firms are required to invest at least 20% of their investment portfolio in prescribed assets to make the projects attractive, but the sector has been struggling
Staff Writer
Unitholders for the Old Mutual Zimbabwe Stock Exchange Top Ten Exchange Traded Fund (OM ZSE TT ETF) have approved the ETF’s delisting and termination of the fund and distribution of all the assets to the current unitholders.
At an Extraordinary General Meeting (EGM) of Unitholders held on December 12, 2024, 20,930,189 shares, representing 99.99 percent of the unit holders, voted
Staff Writer
FBC Securities, a stockbroking and equities research firm says fewer pension funds have taken advantage of the permission by IPEC to invest in offshore assets as a way of mitigating local economic risks and improve returns for pensioners.
In 2022, the Insurance and Pensions Commission (IPEC) of Zimbabwe introduced a regulation permitting pension funds to invest up to 15% of their portfolios
Staff Writer
The Insurance Pensions Commission (Ipec) says it is reviewing the reporting requirements for pension funds and has come up with revised reporting requirements after the funds failed to comply with IAS 29—Financial Reporting in Hyperinflationary Economies.
In a circular to pension funds, the new guidelines will be effective
Summary
The Insurance and Pensions Commission (IPEC) Amendment Bill, 2024, introduces significant reforms that will reshape Zimbabwe’s insurance, pensions, and medical health sectors. Notably, the Bill expands IPEC’s regulatory powers to include medical aid societies for the first time, ensuring these entities are subject to the same regulatory oversight
By Olayayi Jack
THE Insurance Institute of Zimbabwe (IIZ) recently hosted its highly anticipated Annual Dinner at the Rainbow Towers in Harare, bringing together leaders, professionals, and key stakeholders from across the country’s insurance sector.
The event, held under the theme ‘Fostering a Culture of Innovation’, was a celebration of the industry’s achievements over the past year and
Staff Writer
Two corporate giants, TM Pick n Pay and CABS, donated a total of US$150,000 worth of cancer medicines to Mpilo Hospital, underscoring the collective effort in the fight against cancer in Zimbabwe.
TM Pick n Pay contributed US$100,000, while CABS provided an additional US$50,000, joining forces to make a significant and lasting impact on the lives of those affected by cancer.
This
Staff Writer
Banking unit, CABS, was recognised in two awards categories at the Banks and Banking Survey and Awards 2024, showing the bank’s commitment to ESG and its digitalisation drive.
CABS was the runner-up in both the Environmental, Social, and Governance (ESG) and Digital Innovation awards.
ESG has become a central focus for banks, driven by growing regulatory pressures, market demand,
Staff Writer
WAICA Reinsurance Corporation Plc (WAICA Re) has established AFIN Bank UK Limited, a wholly owned subsidiary in the United Kingdom, a strategic move that marks a significant step in WAICA Re’s mission to strengthen financial ties between Africa and international markets.
AFIN, short for “Africa Affinity,” embodies WAICA Re’s deep-rooted connection to the African