IPEC is concerned with mushrooming unregulated entities

IPEC is concerned with mushrooming unregulated entities

Staff writer

HARARE, The Insurance and Pensions Commission (Ipec) says it is seized with the issue of unregulated entities mushrooming in the cities especially Harare and Bulawayo, in the form of legal aid societies and funeral homes.

Although this could be lost revenue for the regulator, IPEC commissioner Grace Muradzikwa said the regulator was

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Stand up to corruption, Zimra commissioner general urges

Zimbabwe Revenue Authority (Zimra) commissioner general Faith Mazani has urged people to stand up against corruption and stand up to police officers who demand customs clearance documents from them.

“Let’s stand up to corruption. Police are not supposed to demand customs clearance documents,” she said.

She was responding to a suggestion put to her at the Institute

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Gender equality well earned during war

The gender equality women enjoy in Zimbabwe today is well-earned from the shared sacrifices that women made side by side with their men during the liberation struggle, Information, Publicity and Broadcasting Services Monica Mutsvangwa said on Friday.

She was officially opening the annual conference in Nyanga of the Institute of Chartered Secretaries and Administrators

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US$150 million compensation for pensioners and depositors

Government is set to make a US$150 million equivalent compensation to small and vulnerable depositors as well as pensioners for losses incurred during currency reform process.

Staff reporter

As part of a broader reform process under the TSP, Government through the Central Bank introduced market determined exchange rate through the Monetary Policy of (SI 33 of 2019) on 20 February 2019.

This entailed

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Pension funds should consider sectoral equity investments

Pension funds should consider sectoral equity investments among others as it has become imperative to invest in near inflation proof assets, Insurance 24 has learnt.

Staff Reporter

Under the consideration that not all equities are equal as some are more inflation-proof than others pensions funds this week were urged to avoid Zim Inclusive type of stocks.

These, according Gandy Gandidzanwa and Itai

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Zimbabwean reinsurance has potential to grow- Tropical RE

Tropical ReInsurance was recently conferred with a BBB+ rating by  GCR, a major milestone in the history of the Reinsurer.

 Insurance24 (24 ) I spoke to  Tropical RE Managing Director USHE Mungaraza (UM) to understand what this meant to Tropical  Re.

Find the interview below:

I24: You have received a BBB+ GCR rating. Tell us more about this

UM: Being conferred

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Fidelity Life shelves plans to raise capital

Zimbabwe Stock Exchange-listed insurance concern Fidelity Life Assurance Zimbabwe has cancelled plans to raise fresh capital.The development comes on the heels of last week’s announcement by Zimre Holdings Limited (ZHL) that it had entered into an agreement with the National Social Security Authority (NSSA) for the purchase of its 35,09 percent stake in Fidelity Life.


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Etihad Airways announces COVID-19 insurance

Etihad Airways, the Abu Dhabi-based airline which services the US among other regions, has announced that it will provide COVID-19 insurance to its passengers.

Airlines around the world are trying to stimulate demand amid the pandemic. As people continue to travel, Etihad has decided to provide coverage for medical and quarantine costs for passengers who contracted the virus after taking one of its

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