ICZ assists with the burial of Chimanimani accident victims
Staff Writer
HARARE, The Insurance Council of Zimbabwe (ICZ) has committed $7 million in ex gratia payment towards the burial of 38 people who perished following the St Charles Luanga Mission bus crush which occurred along the Chimanimani – Chipinge road at the start of the Easter Holiday.
The bus according to ICZ did not have the mandatory
Arrival of ETFs – Are Pension Funds in Luck?
In recent years active investment management has come under more scrutiny than ever before. The reason is clear – of late, most active managers, particularly those focused on large-cap stocks, have struggled to beat their benchmarks.
Picking stocks is hard, picking other people to pick stocks for you is even harder – and this is the daily challenge
HARARE, Welcome to the 2021 first issue of the ZAPF Magazine. In this issue we look at various pension issues concerning the industry being guided by the theme; The Future of Saving: The Role of Pension Systems. Pension Funds are crucial in any economy as they play a big role in the development of the economy. Click the link below for the magazine ZAPF Pension Magazine Q1 2021
Happy reading
Funeral Assurers struggle to comply with prescribed asset ratio
Staff Reporter
Funeral Assurers compliance with prescribed assets declined by 50% in the half year ended June 30 2020 to 0, 02% from 0, 04% comparable period last year.
The funeral assurers are expected to comply with the minimum prescribed asset ratio of 10.00% as stipulated by Statutory Instrument 206 of 2019.
Insurance and Pensions Commission
ZSE launches online trading platform: ZSE Direct
Staff Reporter
The Zimbabwe Stock Exchange Limited (“ZSE”) has launched “ZSE Direct”, a new platform, specifically designed for the retail investor, aiming to provide retail investors with a smart way to manage their ZSE investments and view their CSD holdings remotely.
ZSE Direct will complement the platforms
CBZ Holdings capitalizes insurance unit
Staff Writer
CBZ Holdings says it has availed appropriate funding to its insurance unit, CBZ Insurance, to regulise the unit’s compliance with the regulatory minimum capital requirement.
As at Q1, 2020, the insurance unit, together with Redsphere Finance were among the group’s subsidiaries which had regulatory capital shortfalls.
“During the period, group’s
National lockdown delays ZHL’s audit process
Staff Reporter
ARARE, ZIMRE Holdings (ZHL) says the national lockdown has delayed the group’s audit process, hence will not be able to publish its 2019 financials by April 30, 2020.
Insurers, government respond to bus crash accident
HARARE, The Insurance Council of Zimbabwe together with the Civil Protection Directorate is working on the assistance to be rendered to families of the 47 victims of Wednesday’s bus accident.
Forty-seven people — 45 adults and two children — were killed, while 70 others were injured when two buses collided head-on at the 166-kilometre peg along
Masawara winds up on AIM market
Insurance24
HARARE, Masawara PLc last day of dealings in its Ordinary Shares on the London Stock Exchange (AIM) will be 6 February 2018 and this follows approval of all resolutions on the proposed de-listing at a GM meeting held last Friday as the investment group seeks to pursue private equity funds to grow its various businesses.
Masawara whose current investments
(Wheels24) – So often vehicle insurance, life policies or even educational policies are taken out to secure our future. Yet, so many customers do not read the fine print. It is absolutely imperative that those long-paged documents are actually read and understood.
It’s a situation many of us are all too familiar with. You choose to upgrade your car and pass on your existing one to a child