National lockdown delays ZHL’s audit process
HARARE, ZIMRE Holdings (ZHL) says the national lockdown has delayed the group’s audit process, hence will not be able to publish its 2019 financials by April 30, 2020.
Government instituted a national lockdown to contain the spread of the novel Corona Virus (COVID- 19), through Statutory Instrument (SI) 83 of 2020 and subsequent extension through
Old Mutual approved first market maker for ETFs
Staff Reporter
INSURER, and diversified financial services group, Old Mutual Securities (Private) Limited has been approved as the first market maker for an Exchange Traded Fund (ETF) which is anticipated to list on the Zimbabwe Stock Exchange (ZSE) in due course.
The registration of OMSEC is in accordance with the ZSE Market Making Rules and is with
First Mutual rescues vulnerable communities during lockdown
Staff Reporter
HARARE- First Mutual Holdings has partnered government in the fight against Covid 19 pandemic through a $750 000 food donation to vulnerable communities.
Farai Mangwende, the group’s Marketing & Strategy Executive, said the distribution will be done through a partnership with Miracle Missions.
“Following the COVID-19
Zimnat launches inflation-proof funeral cover
HARARE,Zimnat Life Assurance has launched an inflation-proof funeral policy, which provides for regular review of covers and premiums in order to hedge against inflation and maintain the value of the policy.
Zimnat’s new Gadziriro/Lungiselelo ZWL$ Funeral Plan is designed to overcome this problem and maintain the value of the policy by making it an inflation-linked
Cimas takes measures to protect staff, members from Covid-19
HARARE, Cimas Medical Aid Society has taken drastic measures to safeguard its staff from possible Covid-19 infection and has issued guidelines to its members on what to do to minimise the risk of infection.
Cimas managers met last weekend to finalise plans to apply Ministry of Health and World Health Organisation guidelines
ZHL delays 2019 financials, as it shuts head office on covid 19
Staff Reporter
INSURER, Zimre Holdings says due to its diversity, is unable to meet the March 31 deadline of publishing its 2019 financials as it require more time to conform to the International Accounting Standards – 29, reporting in hyperinflationary economies.
In a statement, the group said its number of subsidiaries and business
Insurance Business in Zimbabwe – How to guard against a recession
Staff Reporter
HARARE, Insurance industry take its cue from the fortunes of the financial sector and is directly affected by the movements at the macro-economic level. Economic growth spurs insurance activities and a recession creates manifold problems for the insurance industry. Economic agents who needs to buy insurance
IPEC empowered to issue general guidelines and standards
Staff Reporter
FINANCE and Economic Development Minister Mthuli Ncube has announced legislation empowering the Insurance and Pension Commission (IPEC) to issue general guidelines and standards whenever the Commission considers it necessary, convenient and in the best interest of policy owners, and pension and provident fund members.
IPEC is a
CBZ Insurance adopts new visual identity in line with group strategy
Staff Reporter
CBZ Insurance will have new visual identity in line with the Group’s brand revolution as it seek to consolidate its market leadership as an integrated financial services provider.
CBZ Insurance is a short term insurance company, and the group’s chairman, Marc Holtzman, recently said the group’s insurance business
Old Mutual goes green as it mounts solar system at Mutual Gardens
Staff Reporter
HARARE, OLD Mutual Zimbabwe Limited says it will work in partnership with Easy Power Limited to install a ground mounted solar system at its Mutual Gardens.
The solar plant will have an installed capacity of 650kW- which is enough to cover all the electricity needs for the entire office complex at any given time.
Sam Matsekete,