Staff Writer
Harare, The People’s Own Savings Bank (POSB) has unveiled one of its newest financial product — the POSB Payday Loan — a fast, flexible, and fully automated loan facility designed to give customers the freedom to manage their finances with ease and confidence.
With the POSB Payday Loan, customers no longer need to wait for payday to take care of life’s important moments. Whether
POSB Continues Sponsorship Of The Capital Markets High School Quit
Staff Writer
Harare: The People’s Own Savings Bank (POSB) has reaffirmed its commitment to youth empowerment and financial literacy by continuing its sponsorship of the 2025 Capital Markets High Schools Quiz Competition, which officially kicked off on Thursday.
This year’s competition holds special significance as it coincides with
HARARE: OLD Mutual Zimbabwe’s decision to sponsor the 4th edition of the Capital Markets High School Quiz Competition underscores its critical importance in cultivating future generations of informed investors and financially literate citizens, the company has said in a statement to this publication.
This commitment directly aligns with the company’s long-term vision
Staff Writer
First Mutual Holdings Limited (FMHL) says it has been granted approval by the ZSE for a further extension of the deadline for the publication of the audited financial statements for the year ended 31 December 2024.
The group said the delay in publication has arisen as the company is currently working with its auditors to finalise outstanding audit opinions for the financial years 2021
Credit Insurance: Zimbabwe’s Unsung Hero for Business Growth
In the bustling world of Zimbabwean commerce, where businesses constantly navigate economic shifts, a lesser-known but incredibly vital financial fool stands ready to offer a crucial safety net: Credit Insurance, While many are familiar with car or home insurance, credit insurance operates quietly in the background, a powerful guardian
Staff Writer
Old Mutual Limited (OML), incorporated in South Africa says it ceased to apply hyperinflation accounting for Zimbabwe for FY2024 following the change in functional currency from ZiG to the US dollar.
Consequently, the group expect reduced transfers to the foreign currency translation reserve in the future.
In a voluntary operating update for the quarter ended March 31, 2025, the group
Staff Writer
Econet Wireless Zimbabwe says its insurance business has achieved a 35% year-on-year growth, with a 51% revenue growth being recorded for the year ended February 29, 2025.
Staff Writer
HARARE, In a significant move to enhance digital payment experiences, ZB Financial Holdings (ZBFH) has partnered with Mastercard to introduce a suite of innovative digital services.
The collaboration provides ZB customers with faster, safer, and more convenient online payment solutions, catering to a broad
Business Reporter
Fidelity Life Assurance (FLA) has declared a final dividend of US$300 000 amounting to US$0.002754 per share for the year ended 31 December 2024 following a solid performance.
The company in a statement said the dividend is in accordance with the Company’s Dividend Policy of 40% on realised cash shareholder profit.
“The dividend is payable to shareholders registered in the
Staff Writer
The Victoria Falls Stock Exchange this morning listed its first Real estate investment trust, the Eagle REIT ,which becomes the first Reit to be listed on the bourse.
The REIT whose anchor projects are Mazowe Walk and Victoria Falls is seeking to raise US$62 million from the listing having already ssecured US$24.5 million through a private placement.
The money will be used for two afore-