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Victoria Falls to get two new upmarket hotels
Zimbabwe's premier tourist destination, Victoria Falls, is set to see the construction of two luxury hotels, valued at a combined US$114.3 million, which will significantly boost the city's hospitalit...Published: 08 Nov 2024 at 06:49hrs | 224 | by Staff reporter
American Chamber of Commerce appoints Dudu Shinya as Executive Director
The American Chamber of Commerce in Zimbabwe (AmCham Zimbabwe) has announced the appointment of Duduzile Shinya as its new Executive Director. Duduzile is a Fellow Chartered Accountant of Zimb...Published: 12 Jun 2024 at 20:18hrs | 27 | by Staff reporter
Zimbabwe govt lifts suspension on three killer buses
The government has lifted the suspension on the licences of three public transport operators after conducting a review of their operations.Swaymo Enterprises (Pvt) Ltd, trading as Blue Circle;...Published: 03 Jun 2024 at 15:07hrs | 4 | by Staff reporter
FML bosses fleece policyholders
FIRST Mutual Life Assurance (FML) managers set up an employee mortgage scheme and an employee staff loan scheme without the knowledge of the board, resulting in policyholders being prejudiced of more ...Published: 21 Mar 2024 at 19:45hrs | 2 | by Staff reporter
Zimbabweans prepare more for death than life
Zimbabweans prepare more for death than life with 76% of all insurance taken being funeral policies, Old Mutual Zimbabwe Group CEO, Samuel Matsekete has said.The uptake of life policies is low...Published: 11 Mar 2024 at 07:34hrs | 1 | by Staff reporter
Zimbabwe pensioners to be compensated for 2007-9 losses
PENSIONERS who lost their life savings during the 2007 to 2009 hyper-inflation era will receive compensation from February 2024, a senior Insurance and Pensions Commission (Ipec) official has said....Published: 17 Nov 2023 at 05:05hrs | 8 | by Staff reporter
IPEC boss' son acquitted
INSURANCE and Pension Commission (IPEC) boss Grace Muradzikwa's son Kundai who was accused of unlawful entry into the house of socialite Luminitsa Kimberly Jemwa and stealing US$32 000 cash together w...Published: 15 May 2023 at 19:00hrs | | by Staff reporter
Zimbabwe price spikes spook consumers
A NEW wave of price hikes, triggered by the plummeting local currency on the parallel market, has thrown many consumers off balance.As of yesterday, the local currency was trading between $1 8...Published: 26 Apr 2023 at 06:35hrs | | by Staff reporter
CIO bosses dismiss Uebert Angel claims on their role in Gold Mafia
STATE security service Central Intelligence Organisation (CIO) bosses say President Emmerson Mnangagwa's Envoy and Ambassador-at-Large Uebert Angel (real surname Mudzanire), a selfstyled prophet, dang...Published: 23 Apr 2023 at 17:44hrs | 3 | by Staff reporter
Mnangagwa's Ambassador-at-large on a property-buying spree
PRESIDENTIAL Envoy and Ambassador-at-Large Uebert Angel, who is holed up in Dubai after being exposed as a player in gold smuggling and money laundering activities, has been on a property-buying spree...Published: 23 Apr 2023 at 17:44hrs | | by Staff reporter
Uebert Angel will neither be prosecuted nor charged!
Dear Bulawayo 24 News Staff Writer: Upon reading, your article entitled: 'Mnangagwa throws Prophet Uebert Angel under the bus,' I went to my dictionary to verify the meaning of the idiomat...Published: 24 Mar 2023 at 03:41hrs | | by Tawandah Mudzingwah
Mnangagwa throws Prophet Uebert Angel under the bus
PRESIDENT Emmerson Mnangagwa has reportedly thrown under the bus his ambassador-at-large, Uebert Madzanire, alias Uebert Angel, as it emerged yesterday that he is under investigation for alleged money...Published: 23 Mar 2023 at 06:23hrs | 1 | by Staff Writer
MPs demand Nssa regulation
LEGISLATORS have demanded that the National Social Security Authority (Nssa) and medical aid societies be regulated by the Insurance and Pensions Commission (Ipec) as they are multi-billion-dollar ins...Published: 01 Mar 2023 at 07:07hrs | | by Staff reporter
Social media activist makes u-turn, apologises for demonising Nyaradzo
In a surprise U-turn, controversial social media activist Alistar Nyamarari Chibanda, who has led a fierce campaign against Nyaradzo Funeral Services group for alleged profiteering at the expense of i...Published: 01 Dec 2022 at 05:03hrs | 1 | by Staff reporter
Social media campaigner targets corruption and theft at NSSA
A social media campaign to amplify citizens' voices against the unending vice of corruption and embezzlement of funds at the National Social Security Authority (NSSA) has kicked off amid calls for sta...Published: 31 Oct 2022 at 05:04hrs | 2 | by Staff reporter
Zimbabwe funeral policies face scrutiny
Following a public outcry against funeral assurance, the Insurance and Pensions Commission is engaging the Zimbabwe Association of Funeral Assurers on policy design and benefits to address concerns th...Published: 27 Oct 2022 at 06:06hrs | | by Staff reporter
Govt tops pension defaulters list
STATE enterprises and parastatals top the list of 50 employers paying their former workers measly pensions, while owing the Insurance and Pensions Commission (Ipec) $5,3 billion in pension contributio...Published: 09 Jun 2022 at 06:41hrs | | by Staff reporter
Grace Muradzikwa's son trial postponed
THE trial of Insurance and Pensions Fund (Ipec) commissioner Grace Muradzikwa's son, Kundai, accused of stealing US$32 000 and jewellery worth US$152 000 from his tenant was yesterday postponed to Jun...Published: 08 Jun 2022 at 18:35hrs | 6 | by Staff reporter
Muradzikwa-Jemwa court battle intensifies
THE explosive court battle between prominent corporate executive Grace Muradzikwa and flamboyant businesswoman Luminitsa Kimberly Jemwa has been postponed to 5 May after a court hearing on Wednesday a...Published: 16 Apr 2022 at 08:31hrs | 21 | by Staff reporter
Econet partners Harare, Capitol for insurance scheme
Econet Insurance, a subsidiary of EcoCash Holdings Zimbabwe, has partnered with Capitol Insurance Brokers and City of Harare to launch CitySure, a one-stop-platform that allows residents to buy insura...Published: 15 Apr 2022 at 08:57hrs | | by Staff reporter
Ipec boss son's trial date set
THE trial of Kundai Muradzikwa, son of the Insurance and Pensions Commission (Ipec) commissioner Grace Muradzikwa, has been set for May 5.Kundai is accused of breaking into socialite Luminista...Published: 14 Apr 2022 at 06:38hrs | 1 | by Staff reporter
Money heist at CSC pension fund
THE Cold Storage Company (CSC)'s pension fund has been rocked by a scandal involving some former top executives, who are allegedly implicated in the spiriting away of millions of United States dollars...Published: 08 Apr 2022 at 12:11hrs | 8 | by Staff reporter
RBZ freezes 4 firms' accounts
Bank accounts of four private companies under investigation for possible money laundering have been frozen by the Reserve Bank of Zimbabwe's investigations arm, the Financial Intelligence Unit (FIU), ...Published: 24 Feb 2022 at 05:35hrs | 2 | by Staff reporter
Doves burial scandal: New details emerge
DOVES Funeral Services allegedly stuffed blankets and plastic bags inside the coffin meant to have carried the remains of the late Maxwell Chimwamurombe, in the latest twist to the burial saga of the ...Published: 30 Jan 2022 at 08:15hrs | | by Staff reporter
Pensioners get compensation for lost savings
GOVERNMENT has started paying pensioners a maximum of US$100 in compensation for losses suffered after the country adopted the multi-currency system in 2009.A commission of inquiry was once se...Published: 22 Jan 2022 at 05:23hrs | | by Staff reporter
Power play rocks Zimra
THE Zimbabwe Revenue Authority (Zimra) board was allegedly pressured by Treasury to appoint Morris Mpofu as acting commissioner-general, a move which was quickly reversed last week by the government i...Published: 15 Jan 2022 at 00:13hrs | 1 | by Staff reporter
Over 300 pension funds idle
ABOUT 324 pension funds registered in Zimbabwe have hit hard times, a senior official with the Insurance and Pensions Commission of Zimbabwe (Ipec) said, as the regulator announced plans to shut down ...Published: 07 Nov 2021 at 07:52hrs | 8 | by Staff reporter
Matanga's name dragged into US$152 000 theft case
POLICE commissioner-general Godwin Matanga's name has been dragged into an unlawful entry and theft case involving US$152 000 in cash and valuables, pitting prominent corporate executive Grace Muradzi...Published: 30 Oct 2021 at 15:05hrs | 9 | by Staff reporter
Mnangagwa sticks to 7,8% growth, defies crisis
PRESIDENT Emmerson Mnangagwa yesterday stuck with the 7,8% growth projection announced by the Ministry of Finance in July, as he opened the fourth session of the ninth parliament, defying recent infla...Published: 08 Oct 2021 at 19:04hrs | 7 | by Staff reporter
Mid-term budget stakeholder consultations underway
TREASURY in the process of consultations on the upcoming mid-term fiscal review and the 2022 Budget Strategy paper (BSP) from key stakeholders. The mid-term fiscal policy review statement will...Published: 14 May 2021 at 08:26hrs | | by Staff Reporter
'Zimbabwe has capacity to fund its growth agenda'
Zimbabwe has the capacity to fund its growth agenda, but there is need for financial institutions and cash-rich entities such as pension funds to effectively deploy current savings, according to an ex...Published: 02 May 2021 at 08:10hrs | 5 | by Staff Reporter
'Funeral insurers overcharge clients'
Zimbabwe's funeral insurance players may be overcharging clients, the latest sector report from the Insurance and Pensions Commission suggests. The regulator has noted significant incongruity between ...Published: 13 Apr 2021 at 06:21hrs | | by Staff reporter
'Zimbabwe's financial sector needs to be harmonised,' says Mangudya
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya says the country must establish a Financial Sector Development Plan (FSDP) as part of efforts to coordinate the operations of companies working in...Published: 09 Apr 2021 at 07:36hrs | 1 | by Staff reporter
Govt makes U-turn on medical insurance
GOVERNMENT is set to establish a new authority under the Health ministry to regulate the operations of medical aid societies, in a departure from an earlier Cabinet decision to place them under the st...Published: 21 Mar 2021 at 08:37hrs | | by Staff reporter
Zimbabwe parlours downplay spiralling deaths
ZIMBABWE'S funeral assurance sector has allayed fears of possible collapse as the COVID-19 scourge intensifies and affects capacity to meet policyholder claims.Taka Svosve, the Zimbabwe Associ...Published: 26 Jan 2021 at 07:08hrs | 1 | by Staff reporter
IPEC to deregister four brokers
The Insurance and Pension Commission (IPEC) is in the process of cancelling registration certificates for four insurance brokers following their breach of regulatory requirements. In its Short...Published: 19 Jan 2021 at 07:19hrs | | by Staff reporter
NSSA to dispose of FML, Turnall stakes
The National Social Security Authority is set to dispose part of its shareholding in First Mutual Holdings Limited and to divest from Turnall Holdings as part of its investment refocus strategy which ...Published: 15 Jan 2021 at 10:18hrs | 1 | by Staff reporter
Only 7% of Zimbabweans contributing to social security, says NSSA
A total of 1,3 million people out of the total population of 14,9 million, representing 7% are currently contributing to social security administered by the National Social Security Authority (NSSA)....Published: 18 Dec 2020 at 17:52hrs | | by Staff reporter
Depositors and pensioners to be compensated for exchange losses, says Mthuli Ncube
Depositors with small bank balances and pensioners whose savings were wiped out by currency changes last year will be compensated from a US$150 million fund, finance minister Mthuli Ncube said on Thur...Published: 27 Nov 2020 at 07:56hrs | | by Staff reporter
Only 10% of Zimbabweans on medical aid
INSURANCE and Pensions Commission (Ipec) commissioner Grace Muradzikwa says medical cover in the country is not working for the majority of Zimbabweans.Only one in 10 Zimbabweans have medical ...Published: 22 Nov 2020 at 04:46hrs | | by Staff reporter
'Govt must compensate for lost pension earnings'
GOVERNMENT and insurance companies have an obligation to compensate pensioners who lost the true value of their pension savings in two consecutive periods of hyperinflation, 2008 to 2009 and 2019, law...Published: 21 Nov 2020 at 22:20hrs | | by Staff reporter
CVR bottlenecks bleed vehicle insurers
THE Central Vehicle Registry (CVR)'s inability to register vehicles has cost the insurance sector $60 million in mandatory third-party motor insurance premiums, according to the Insurance Council of Z...Published: 16 Oct 2020 at 07:02hrs | | by Staff reporter
Outcry over steep medical aid subscriptions
MEDICAL aid companies are in the eye of a storm as policyholders are accusing them of ripping them off through drastic increases in contributions, most of which are wiping out their salaries.D...Published: 11 Oct 2020 at 10:02hrs | 1 | by Staff reporter
Medical aid companies ripping policyholders off
MEDICAL aid companies are in the eye of a storm as policyholders are accusing them of ripping them off through drastic increases in contributions, most of which are wiping out their salaries.D...Published: 11 Oct 2020 at 08:00hrs | | by Staff Reporter
Nasty legal showdown at Doves
DOVES Life Assurance Company (Doves) shareholders are embroiled in a nasty High Court battle after Farai Matsika allegedly tried to elbow out his partner Phibeon Busangabanye.Matsika and Busan...Published: 04 Sep 2020 at 06:19hrs | 1 | by Staff reporter
Inflation-linked pay-outs for pensioners
Pensioners are set to start receiving inflation-adjusted pay-outs, as the National Social Security Authority (NSSA) starts reviewing the compensation framework.The latest recorded year-on-year...Published: 14 Jul 2019 at 12:24hrs | | by Staff reporter
Zimbabwe loses US$40m through policy cover externalisation
Zimbabwean insurers and reinsurers should strengthen their capital positions in real terms to reduce cover policy externalisation which has cost the country an estimated US$40 million in 2018 alone in...Published: 30 Jun 2019 at 09:07hrs | | by Staff reporter
Mthuli Ncube announces key appointments at four parastatals
Finance and Economic Development Minister, Professor Mthuli Ncube has announced key appointments at four parastatals falling under his portfolio.The Minister announced the appointment of new b...Published: 23 Jun 2019 at 11:03hrs | 7 | by Staff Reporter
Mnangagwa duty-bound to whip officials into line
Among many issues raised in President Emmerson Mnangagwa's radio talk last week dubbed "Catching up with Mnangagwa", was his explanation that government cannot do much about civil servants who remain ...Published: 21 Jun 2019 at 07:47hrs | | by Martin Tarusenga
Unclaimed pension funds reach $27m
About 50 000 pensioners have not received their pension payouts with unclaimed pension funds now amounting to more than ZWL$27 million, the industry regulator has said.Speaking during a meetin...Published: 12 Jun 2019 at 07:07hrs | | by Staff reporter
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