NSSA refocuses investment strategy
Staff Writer
HARARE, The National Social Security Authority (NSSA) says it is currently implementing a refocus strategy that involves divesture, consolidation, and optimisation of its investments to unlock value for the benefit of its members who include pensioners and contributors.
Arthur Manase, NSSA’s General Manager, in a statement said the authority will
FHML lifts ZSE turnover
HARARE, Insurer, First Mutual Holdings was among Wednesday’s top performers on the Zimbabwe Stock Exchange (ZSE), after trading $35,9 million worth of shares. This saw turnover for the day reaching
$88,7 million from 8,1 million shares, supported also by a good trade values in Delta which traded $24,6 million. The All Share Index was down 0,88 percent to close at 2,451,05
ZSE firmer today
HARARE, The ZSE traded firmer today with most indices reducing the losses from previous sessions. The Mining Index gained 19.30 points, the Top Ten Index added 2.47 points and the benchmark All Share Index was up by 15.49 points. First Mutual Properties and Getbucks were the biggest gainers adding 20% whilst Dawn Properties was the biggest loser after easing 11.53%. The market breadth
Four insurance brokers’ licenses cancelled
Staff writer
HARARE, Insurance and Pensions Commission (Ipec) has cancelled registration certificates for four insurance broking companies on the basis of lack of compliance to Ipec requirements.
The companies are Ambassador Insurance Brokers, Auto and General Insurance Brokers, Hostcare Insurance Brokers, and Revival Insurance Brokers.
In a statement, Ipec
Cassava Insurtech business revenue grows
Staff writer
HARARE, Cassava Smartech’s revenue for its Insurtech business grew 131% for the period ended November 30, 2020, compared to Q2 on driven by a strong growth in short term insurance business which registered 165 increase on Q2 revenues.
This was also driven by the companies high end comprehensive diverse product portfolio which span
Tassius Chigariro appointed Old Mutual Namibia CEO
HARARE, OLD Mutual Namibia has appointed Tassius Chigariro as its new group chief executive officer, with effect from the start of 2021.
Old Mutual Namibia’s current chief executive officer, Kosmas Egumbo, will take up a new position as executive responsible for Old Mutual’s life insurance and asset management companies across the rest
Old Mutual Insurance Company win Best Corporate Governance Disclosure award
Staff Reporter
HARARE, OLD Mutual Insurance Company was declared the overall winner of the Best Corporate Governance Disclosures Award for the insurance sector at the Institute of Chartered Secretaries and Administrators Excellence in Corporate Governance Awards ceremony at held in Harare on Wednesday evening.
The first runner-up
TROPICAL RE sets focus on sustaining growth- Tropical RE
Tropical ReInsurance was recently conferred with a BBB+ rating by GCR, a major milestone in the history of the Reinsurer.
Insurance24 (24 ) I spoke to Tropical RE Managing Director USHE Mungaraza (UM) to understand what this meant to Tropical Re.
Find the interview below:
I24: You have received a BBB+ GCR rating. Tell us more about this
UM:
ZHL offer to ZPI minorities successful
Staff Writer
ZIMRE Holdings Limited (ZHL) says ZPI’s offer to minorities has been successful, paving pay for finalization of the transaction which will also culminate in the de-listing of ZPI from ZSE.
The Offer, which was announced on 9 September 2020, opened on 11 September 2020 and closed on 16 October 2020.
“The Boards and Management of Zimre Holding
Victoria Falls Stock Exchange to launch this Friday
Staff reporter
HARARE, The Victoria Falls Stock Exchange Limited (“VFEX”) has been granted the approval to launch and commence trading of securities by the Securities and Exchange Commission of Zimbabwe (SECZ).
The official opening of VFEX is scheduled for Friday 23 October 2020, at its new offices in Victoria Falls. The Minister of Finance and