Zim in hyperinflationary: Old Mutual Limited…. to manage capital from Zim business on ring fence basis
Staff Writer
HARARE, OLD Mutual Limited (OML) says its Zimbabwean business will be managed on a ring fenced basis until such a time the group will be able to access capital by way of dividends.
The diversified group has a primary listing in South Africa and in Zimbabwe. Old Mutual has a diversified
Sanlam says new business growth potential will remain under pressure, despite satisfactory performance in Four-month
HARARE, Sanlam, whose presence in Zimbabwe is through Zimnat, reported a satisfactory operational performance in the four months to 30 April 2019, despite persisting headwinds in South Africa, the Group’s largest market, and international political and economic turmoil affecting
Ron Mutandagayi, ZB Holdings chief executive
ZB Holdings still keen on regional expansion…as net insurance income increase in H1
Staff Writer
HARARE, ZB Holdings net business income from insurance operations for the half year 2019 increased 44% to ZW$7 mln from ZW$4,9mln for the half year ended 30 June 2018 with growth in reinsurance premiums reflecting a partial restoration of covers against rising
Clients of Allan Gray increases stake in Old Mutual Limited
Staff Reporter
HARARE, Old Mutual Limited says clients of Allan Gray now holds 10.0018% of the JSE listed total issued ordinary shares of the company.
In a notice to its shareholders, Old Mutual said the acquisition was done within the confines of the JSE Limited Listing Requirements, among other regulatory requirements.
“….. in accordance
Minister hopes for fresh approach at NSSA
HARARE, The Minister of Public Service, Labour and Social Welfare, Sekai Nzenza has said the new NSSA board comprise personnel of diverse skills who has ability to bring a fresh approach to the Authority.
“This is a new board with a diversity of skills and expertise bringing a refreshing approach to good corporate governance in order to ensure an effective,
Zimnat constructs ablution block for girls at Epworth school: Press Release
HARARE, Zimnat, one of the country’s leading insurance and finance groups, has spent more than $110 000 on the construction of a girls’ ablution block at Chizungu Primary School in Epworth.
Currently children at the school use pit latrines, some of which were constructed by the children themselves. There is one block of
Fidelity Life Assurance commits to improved service delivery
By Insurance24
HARARE, Fidelity Life Assurance of Zimbabwe has received a new certification as part of its bid for improved service delivery.
The company has migrated to ISO 9001:2015, a departure from the ISO 9001:2008 standards that the company was formerly guided by.
Fidelity Life chief executive officer, Reuben Java said the migration
Insurance and Pensions constitute bulk of market value placed on CSD
By Insurance24
HARARE- Pension funds and Insurance constitute a combined 42,23% of the total market value of securities placed on the Central Securities Depository (CSD).
According to a CSD operational update for December 2018, the market value of the securities placed on the CSD increased by 6% from US$7.974 billion as at 30 November
Tavona Biza has been appointed as the new CEO of Old Mutual Ghana
ACCRA, Ghana – Zimbabwean Tavona, who will be based in Accra, has worked for Old Mutual for ten years, during which time he held various roles in the Group’s Zimbabwean, South African and Malawian businesses.
Most recently, as Managing Director of both Old Mutual Life Assurance Company And Old Mutual Pension Services Company, he
Auto Tyres Zimbabwe dissolves pension fund
HARARE, Auto Tyres Zimbabwe (formerly) Dunlop, due to viability challenges dissolved the Auto Tyres Pension Fund and is now inviting contributors for final valuation inspection.
The company said has been facing viability challenges for the past two years, resulting in the Board of Trustees agreeing to dissolve the fund and distribute the Fund’s assets