Insurance Bill still awaits promulgation into law….Insurer Old Mutual led risers on Thursday’s session

Insurance Bill still awaits promulgation into law….Insurer Old Mutual led risers on Thursday’s session

By Insurance24

HARARE, Insurance and Pensions Commission says the proposed Insurance Bill is still awaiting promulgation into law upon which the Commission will commence enforcing some of the new regulations.

The proposed Insurance Bill is set to harmonize the Insurance and Pensions Commission

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ZSE closes week positive ahead of workers day holiday

ZSE closes week positive ahead of workers day holiday

By Insurance24

HARARE, The last trading day for April closed on the front foot with the All Share Index adding 1.45 points on the back of widespread gains across the bourse. Ahead of the Workers Day holiday tomorrow, Old Mutual was the only insurer to trade. The group picked up $0.0147 to settle at $5.7341. Other insurers were inactive.

The Industrial

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Old Mutual completes feasibility for power projects….Market ends week on front foot

Old Mutual completes feasibility for power projects….Market ends week on front foot

By Insurance24

HARARE, Old Mutual says is close to completing feasibility studies of its $12 million solar and mini-hydro power projects upon which construction works would commence.

Old Mutual Investment Group Managing Director Marjorie Mayida in an interview said the projects include two 50 megawatt solar projects

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Not a good outing for insurers on Thursday….. Zimnat unveils trade credit insurance unit

Not a good outing for insurers on Thursday

By Insurance24

HARARE, Trading on the Zimbabwe Stock Exchange (ZSE) was characterized by thin volumes as activity remained low. Old Mutual which was the only insurer to trade was flat at 571c ahead of its annual general meeting this afternoon.

Only 300 Old Mutual shares exchanged hands. Other insurers ZHL, FMHL, Fidelity and Nicozdiamond shares witnessed

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ZSE All Share Index firm after a day’s break

ZSE All Share Index firm after a day’s break

By Insurance24

HARARE, Trading on the Zimbabwe Stock Exchange (ZSE) resumed on Thursday after a day’s break yesterday owing to an Independence day holiday. The All Share Index gained 1.48% to close at 94.61 on the back of gains in Delta, Econet and Padenga. The industrial index surged 1.49% to close at 316.85.

Market turnover was reasonable at $1.78

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ZSE firmer ahead of 38th Independence anniversary….Reinsurance capital continues to creep upwards

ZSE firmer ahead of 38th Independence anniversary….Insurers inactive

By Insurance24

HARARE, Ahead of the 38th Zimbabwe’s independence anniversary tomorrow, the All Share index gained a further 2.81% to close at 93.23 buoyed by gains in three heavy weight counters Old Mutual, Delta and Econet.

As a result, turnover was at $1.81 mln as the market traded on a form note amid strong demand.

The market

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Only three counters trade on Monday as Govt gazettes pension and health scheme for informal sector

Only three counters trade on Monday as Govt gazettes pension and health scheme for informal sector

By Insurance24

HARARE, Insurer, Old Mutual was among the only three counters that traded on Monday as the week opened on a low note with turnover at $550,535. Other insurers, ZHL, Fidelity Life Assurance, FMHL and Nicozdiamond witnessed no activity with rest of the market.

Apart from Old Mutual, activity

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Insurers end week on low note. Turnover at $2.05 mln as Government mulls state enterprises listings

Insurers end week on low note. Turnover at $2.05 mln as Government mulls state enterprises listings

By Insurance24

HARARE, Old Mutual was the only insurer to trade on Friday where market turnover stood at $2.05 mln off 97 trades. Trades of note were recorded in Afdis, Econet and Old Mutual. Other insurers, ZHL, Fidelity, FMHL and Nicoz closed the week with no activity.

As government forges ahead with

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Industrial index gains 1.14% in mid-week session…Insurer’s miss out

Industrial index gains 1.14% in mid-week session…Insurer’s miss out

By insurance24

HARARE, Turnover on the Zimbabwe Stock Exchange (ZSE) stood at $1.86 mln at the close of mid-week session with the All Share Index up a marginal 0.99 points on the back of a 3.4 points gain in the Industrial Index.

Block trades in BATZ and Econet carried the day in a session that had strong bids that were left

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ZSE turnover closes at $1.94 mln as appetite for Insurers remain low

ZSE turnover closes at $1.94 mln as appetite for Insurers remain low

By Insurance24

HARARE, Trading activity on the Zimbabwe Stock Exchange (ZSE) improved on Tuesday largely on decent trades in Econet, NMBZ and Seedco. NMBZ saw a total 2.7 mln shares exchanging hands at 11c.

The Group recorded an after tax profit of $9.93 mln in 2017 compared to an after tax profit of $5.05 mln in 2016 according to

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