Women takes over ZAPF leadership
Staff Reporter
HARARE, The Pensions and Insurance industry has always been a male dominated space, but things are changing with the new executive posts at the Zimbabwe Association of Pensions Funds (ZAPF), shifting the lenses through which the industry can been viewed.
Rutendo Magorimbo and Cynthia Mugwira are now steering the ship at ZAPF (up to the next AGM in
FMHL on solid footing despite covid 19
Staff Reporter
HARARE, First Mutual Holding Limited (FMHL) says it will continue as a going concern despite the ugly face of the covid 19 pandemic which has diminished the short term growth prospects of the economy and the Group.
The group however says the evolving nature of the pandemic will require continuous monitoring and assessment to establish the impact
ZSE resumes trading but trades in negative territory
Staff Writer
HARARE, Zimbabwe Stock Exchange resumed trading on Monday after a month long suspension and as was expected, the main indices closed in the red as the market opened sellers only.
Turnover was also quite subdued although this is only temporary as the majority of fund managers are liquid following the release of almost $300 million of
Pension funds trustees should adopt stakeholder approach
Staff Reporter
HARARE, Pension fund trustees must adopt a stakeholder approach to navigate the current business and economic realities in order to build long term value in a postCOVID-19 world as the pandemic has led to a global health and economic crisis that will have drastic short- and long-term impacts on organizations’ business models.
This
Tendai Karonga, ICZ’s Executive Officer
ICZ GUARANTEES INSURANCE COMPENSATION UNDER 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
The market should price itself
By Equity Axis
HARARE, Last week the government put in place a legislation charging any persons offering goods and service to quote both in local and foreign currency, for the products. The law follows a sustained disharmony between the local prices of goods and the comparable USD price charged at the point of sale (implied exchange rate)
IPEC temporarily closes offices as employee tests positive for Covid 19
Staff Writer
HARARE, THE Insurance and Pensions Commission (Ipec) has closed two of its offices to allow for deep cleaning and disinfection of the offices after one of its employees tested positive of the corona virus.
The Commission joins several companies, supermarkets which have closed branches and offices as preventive measures
ZHL’s acquisition of ZPI still work in progress, as the group postpones AGM
Staff Writer
ZIMRE Holdings has advised that the pending 100% acquisition of Zimre Property Investments transaction is still work in progress, and the full impact on shares is still to be determined.
“While the full impact of these negotiations, if successful, is still being determined, the Transaction may have a material
WFP URGENTLY SEEKS INTERNATIONAL SUPPORT TO PREVENT MILLIONS OF ZIMBABWEANS PLUNGING DEEPER INTO HUNGER
ROME– With COVID-19 aggravating an already severe hunger crisis in Zimbabwe, the United Nations World Food Programme (WFP) today appealed for an additional US$250 million to support a rapidly expanding emergency operation for millions at-risk.
WFP projections indicate that by year’s end,
ZSE confirms trading resumption without three dual listed counters
Staff writer
THE Zimbabwe Stock Exchange (ZSE) has confirmed the resumption of trading on August 03, without three international listed firms namely Old Mutual, PPC and SeedCo International.
Justin Bgoni, the ZSE CEO, in a statement, affirmed the Finance Ministry’s statement which gave the green light to resume trading next week,