Insurance companies stutter in Monday’s ZSE trading session
Insurance24
HARARE, The week opened with improved activity as turnover edged up to close at USD 1,082,998 compared to USD 400,000 in the previous session.
Trades in Delta, Hippo and Old Mutual carried the day as the rest of the bourse was dominated by very thin trades.
The All Share Index retreated 0.18 points on the back of weaknesses in
Masawara Plc to de-list from AIM
Insurance24 Reporter
HARARE, Masawara PLc is set to de-list from the AIM (London Stock Exchange) following a transaction in which principal shareholder Shingai Mutasa and others now control 90.4% of the Company’s issued share capital.
The transaction is that on 27 December 2017, Oxford Holdings Limited (“OHL“) acquired 50,760,456 ordinary
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Old Mutual offers Free Funeral Cover this Festive Season
Insurance24
HARARE, Old Mutual Zimbabwe is offering free Funeral cover this Festive Season in a promotion running until 31 January 2018 for which the Funeral Plan has immediate cover for accidental death and three month waiting period for natural deaths.
Terms of the plan are that individuals or Groups that take up the Old Mutual Funeral Plan
Sanlam posts solid performance in ten months to October 2017
The Sanlam Group announced a solid operational performance for the 10 months to 31 October2016, with total new business volumes of R195 billion, up 11 per cent on the first 10 months of the 2015 financial year.
Sanlam Personal Finance achieved 3 per cent growth in new business sales, with pressure on discretionary single premium savings
Old Mutual Zimbabwe invests in solar power projects
HARARE, Old Mutual intends to construct solar power projects with capacity to generate at least 50 megawatts. The projects will entail the construction of two solar power plants in Gwanda and Chipinge,
Old Mutual chief investment officer (Alternative investments) Benjamin Sithole said yesterday.
He said some solar panels will be laid on the rooftops
IPEC okays liquidation of Lancashire Steel Pension Fund
Insurance24
HARARE, Regulator, the Insurance and Pensions Commission (IPEC) has approved the liquidation of the Lancashire Steel Pension Fund. This is in terms of Section 10 (1) (a) of the Pension and Provident Fund Act (Chapter 24.09) and Section 10.2 of the Rules of the Lancashire Steel Pension Fund as at 31 August 2016.
The steel company folded
FMHL receives regulatory approval for NicozDiamond acquisition
Insurance24
HARARE, First Mutual Holdings (fmhl) says has received regulatory approval for the acquisition of the entire issued share capital of NicozDiamond Insurance, and subsequently the National Social Security Authority (NSSA) has transferred to FMHL 50.89% of the entire issued shares of NDIL.
In an update on transaction to acquire
13TH check for Pensioners as NSSA profitability soar in excess of $100 mln
Insurance24
Harare, The National Social Security Authority (NSSA) anticipates profitability in excess of $100 million in 2017 thus has approved a bonus payment equivalent to a 13th cheque to all pensioners with their December 2017 pension.
“NSSA’s performance has continued to improve with actual management accounts to 31
FBC Insurance targets global service delivery standards
Insurance24
HARARE, FBC Insurance says the SSP Pure Insurance’s digital platform has not yet been fully operationalized, but once completes, will have a significant impact on service delivery to customers and stakeholders across the group.
The company earlier in the year partnered SSP Pure Insurance, a global provider of technology systems and