IPEC temporarily closes offices as employee tests positive for Covid 19

Staff Writer

HARARE, THE Insurance and Pensions Commission (Ipec) has closed two of its offices to allow for deep cleaning and disinfection of the offices after one of its employees tested positive of the corona virus.

The Commission joins several companies, supermarkets which have closed branches and offices as preventive measures

WFP URGENTLY SEEKS INTERNATIONAL SUPPORT TO PREVENT MILLIONS OF ZIMBABWEANS PLUNGING DEEPER INTO HUNGER

ROME– With COVID-19 aggravating an already severe hunger crisis in Zimbabwe, the United Nations World Food Programme (WFP) today appealed for an additional US$250 million to support a rapidly expanding emergency operation for millions at-risk.

WFP projections indicate that by year’s end,

ZSE confirms trading resumption without three dual listed counters

Staff writer

THE Zimbabwe Stock Exchange (ZSE) has confirmed the resumption of trading on August 03, without three international listed firms namely Old Mutual, PPC and SeedCo International.

Justin Bgoni, the ZSE CEO, in a statement, affirmed the Finance Ministry’s statement which gave the green light to resume trading next week,

Cabinet approves amendments to Deposit Protection Corporation Act

Staff Reporter

ZIMBABWE’s Cabinet yesterday considered and approved the Principles to amend the Deposit Protection Corporation Act [Chapter 24:29] as presented by the Minister of Finance and Economic Development.

According to the cabinet minutes, the amendments to the Act will provide a governing legal framework for banking institutions

NSSA house closed on Covid 19 grounds

Staff reporter

HARARE, The National Social Security Authority (NSSA) has temporarily closed down its   NSSA house in Harare to allow for deep cleaning and decontamination following the incidence of a positive COVID-19 test for one of its employees.

In a notice Marketing and Communications Executive Tendai Mutseyekwa said the affected employee was last at NSSA

Govt makes dual pricing at auction rate mandatory

HARARE- Government, has with immediate effect, instructed all businesses to effect a dual pricing system, indicating that failure to do that will result in the business being penalised.

Businesses are expected to quote local prices at the ruling exchange rate of the day.

According to the Government Gazette’s Statutory Instrument 185 of 2020, President

IMF calls for transparency on pension contributions

Dorcas Chigodho

Staff Reporter

HARARE, The International Monetary Fund (IMF) says there is no transparency in the recording of pension’s contributions in government and there is need to ensure clear recording of pension obligations for the country’s’ six non-autonomous pension schemes.

In a Zimbabwe country report, IMF said pension contributions

ZSE to reopen in two weeks’ time: Mthuli

Staff Reporter

HARARE, The Financial Intelligence Unit is set to conclude investigations into allegations of malpractices leveled against some counters on the Zimbabwe Stock Exchange in two weeks’ time, before the bourse can resume trading again.

Finance minister Mthuli Ncube today told a Daily News post midterm-budget review meeting

$60bn insurance sector exposure on ZSE

HARARE, The Insurance and Pensions Commission (Ipec) is engaging authorities on the recent suspension of trading on the Zimbabwe Stock Exchange (ZSE) to protect the industry’s $60 billion exposure on the market.

This comes as a regional think-tank Renaissance Capital has warned that Zimbabwe’s decision to close its stock exchange risks upending plans