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How the NRZ Can Fund Zimbabwe's Pensioners on Its Own
As Zimbabweans, do we pause to look inward and realise that some of the solutions we desperately seek already lie within our own institutions. The National Railways of Zimbabwe (NRZ) stands as a t...Published: 24 May 2025 at 23:02hrs | 427 | by Jacob Kudzayi Mutisi
122-year-old Zimbabwean finally gets funeral cover
South Africa-based Zimbabwean funeral services company Zororo-Phumulani has stepped in to support 122-year-old uMkhulu Anulois Banda after the centenarian's application for funeral cover was rejected ...Published: 14 May 2025 at 12:34hrs | 1771 | by Staff reporter
Zimbabwe's Victoria Falls tax haven takes solid shape
The Zimbabwean government has taken a bold step toward transforming Victoria Falls into a leading regional financial hub with the establishment of the Victoria Falls International Financial Services C...Published: 29 Apr 2025 at 12:06hrs | 648 | by Staff reporter
Mambo Dhuterere's four-track EP goes viral
Renowned gospel music artist Darlington Mutseta, popularly known as Mambo Dhuterere, has unveiled his highly anticipated Extended Play (EP) titled Kudenga kuna Manuwere. The project, which features fo...Published: 20 Nov 2024 at 07:07hrs | 608 | by Staff reporter
Zimbabwean born businessman detained in Zambia for a week over a car
WHEN Sikhumbuzo Manduna left South Africa for Zimbabwe en route Zambia in his sleek orange Ford Ranger in early August on a business trip to attend to urgent haulage truck issues in Lusaka, he did not...Published: 24 Sep 2023 at 09:48hrs | 14 | by Staff reporter
Ex-DPC boss charged for 'looting' spree
FORMER Deposit Protection Corporation (DPC) chief executive officer Vusulizwe Vuma has been charged with criminal abuse of office after the Zimbabwe Anti-Corruption Commission (Zacc) exposed how he al...Published: 12 Jun 2022 at 09:17hrs | 11 | by Staff reporter
SA business group unhappy with rise of Zimbabwean expats
THE appointment of Sitholizwe Mdlalose as chief executive of South Africa's telecoms giant Vodacom has triggered xenophobic reactions after the country's Black Business Council (BBC) demanded that loc...Published: 13 May 2022 at 19:13hrs | 22 | 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 | 2 | by Staff reporter
Icaz CEO quits
INSTITUTE of Chartered Accountants of Zimbabwe (Icaz) chief executive officer (CEO), Gloria Zvaravanhu will leave her role at the end of this year, NewsDay Business reported.In a circular sent...Published: 03 Nov 2021 at 05:23hrs | 1 | by Staff reporter
EcoSure extends cover to millions, boosts national insurance penetration
HARARE - EcoSure, the micro-insurance product from Econet Life, has played a significant role in raising the country's insurance penetration by over 200%, from as low as 5% to over 16%.The inn...Published: 29 Sep 2021 at 09:08hrs | 1 | by Agencies
Covid-19 crisis: Can corporate leaders stand up and be counted!
Zimbabwe has undergone several crises over the years and each time disaster strikes, citizens have been known to put aside their differences - real or imagined - to put out the fire. It is thr...Published: 02 Aug 2021 at 20:21hrs | 3 | by Nathan Chikara
Bosso unveil season squad
HIGHLANDERS Football Club last night officially unveiled their 2021 squad and also set in motion their partnership with Sanctuary Insurance Company at a Bulawayo hotel.A squad of 26 players, 2...Published: 09 May 2021 at 08:12hrs | 3 | 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 | 3 | by Staff reporter
What to do after a car accident
No one expects to be involved in a car accident, but any driver on the road is at risk, regardless of their own driving ability and caution. If you find yourself in the aftermath of a car accident, yo...Published: 11 Nov 2020 at 18:21hrs | 19 | by Staff Reporter
Chinese companies ditch Zimbabwe projects
MAJOR Chinese insurance firms are refusing to underwrite critical infrastructure projects in Zimbabwe due to government's failure to pay commitment fees and other related costs, it has emerged....Published: 09 Oct 2020 at 10:19hrs | 17 | by Staff reporter
Teacher fakes kids' death for insurance
A KWEKWE-based teacher faked the death of his daughter and claimed $2 500 from an insurance company.As if that was not enough, soon after the money ran out, the teacher used the same trick and...Published: 18 Aug 2019 at 09:38hrs | 2 | by Staff reporter
Teacher fakes children's death for insurance
A KWEKWE-based teacher faked the death of his daughter and claimed $2 500 from an insurance company.As if that was not enough, soon after the money ran out, the teacher used the same trick and...Published: 18 Aug 2019 at 09:00hrs | | by Staff Reporter
RBZ seeks to raise $30m
THE Reserve Bank of Zimbabwe (RBZ) is seeking to raise $30 million through a public auction of Treasury Bills (TBs) to finance government programmes.This is the first public Treasury Bill sale...Published: 01 Aug 2019 at 21:58hrs | 2 | 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
Terrence Mukupe faces jail over debt
Former Finance deputy minister Terrence Mukupe is facing jail over a US$24 237 debt after Quality Insurance Company approached the High Court seeking an order to have him caged over a 2012 debt....Published: 16 May 2019 at 07:09hrs | | by Staff reporter
Cyclone Idai weakens Zimbabwe's export competitiveness
ZIMBABWE's export promotion body, Zimtrade has said the country's exports were left uncompetitive after Cyclone Idai destroyed Beira Port leaving companies to use longer routes which are more expensiv...Published: 21 Mar 2019 at 07:49hrs | 1 | by Staff reporter
Telecel Zimbabwe faces eviction
Telecel Zimbabwe (Pvt) Ltd is set to be evicted from its two rented premises belonging to First Mutual Investment Company (Pvt) Ltd after accumulating rental arrears amounting to US$40 843.The...Published: 15 Mar 2019 at 06:01hrs | | by Staff reporter
Bread price slashed to $1,80
Government and bakers have agreed to reduce the price of bread from $2,20 to $1,80 a loaf, while Cabinet has approved a multi-million dollar package for businesses affected by the recent violent demon...Published: 10 Feb 2019 at 05:41hrs | | by Staff reporter
Mnangagwa sets up team to assess demo damage
Government has set up a Cabinet ad hoc committee to assess the level of damage to infrastructure and the quantum of losses incurred by businesspeople during the recent violent demonstrations perpetrat...Published: 29 Jan 2019 at 23:28hrs | | by Staff reporter
#ZimbabweShutDown costs economy $300m
The economy could have lost business amounting to $300 million over the three-day forced shut-down that started on Monday and ended yesterday, industrialists have said. Confederation of Zimbab...Published: 17 Jan 2019 at 00:11hrs | 1 | by Staff reporter
Dollars vs Zollars
Government's insistence on a fixed 1:1 exchange rate has continued to create headaches for companies who have to report within prescribed accounting standards. This comes as the US dollar, ado...Published: 06 Dec 2018 at 06:30hrs | 8 | by Reuters
Mnangagwa's quest for Chinese $2bn bailout hits a brick wall
PRESIDENT Emmerson Mnangagwa's quest for a critical US$2 billion bailout package from China in a desperate bid to ease the country's crippling liquidity crisis has hit a brick wall although the Chines...Published: 07 Sep 2018 at 13:02hrs | 3 | by Staff reporter
Mnangagwa renews $2 billion Chinese bid
PRESIDENT Emmerson Mnangagwa will tomorrow leave for Beijing, China, to attend the Forum on China-Africa Cooperation (Focac) summit after which he will hold a bilateral meeting with Chinese President ...Published: 01 Sep 2018 at 13:41hrs | | by Staff reporter
Zimbabwe Stock Exchange sneeze before elections
The Zimbabwe Stock Exchange (ZSE) closed slightly lower during the last few days of official trade before the general elections set for tomorrow.After close on Thursday, the All Share Index fe...Published: 29 Jul 2018 at 09:59hrs | 2 | by Staff reporter
Mnangagwa's govt pressures Zesa to pay Chivayo $52m
PRESIDENT Emmerson Mnangagwa's administration - in many ways carrying over from where toppled former president Robert Mugabe's regime left - has given the green light for Wicknell Chivayo to access a ...Published: 20 Jul 2018 at 14:25hrs | 2 | by Staff reporter
Motorist sues Old Mutual
A BULAWAYO motorist has taken Old Mutual insurance company, to court for allegedly refusing to pay $30 000 indemnity compensation after his insured car was destroyed by fire last year. Kennedy...Published: 18 Jun 2018 at 07:21hrs | 2 | by Staff reporter
Obadiah Musindo dishes out cars
DESTINY of Africa Network (DAnet) says it has secured funding to roll out a car loan scheme for pastors and their wives, a move aimed at attracting votes for Zanu-PF ahead of the watershed polls mid-y...Published: 06 May 2018 at 10:04hrs | | by Staff reporter
Funeral parlour agent gets suspended sentence for theft
A FUNERAL insurance company employee based in Esigodini was last week slapped with a wholly-suspended 12-month jail term for defrauding his employer of $1 581.Mbizo Bhebhe, who works as an age...Published: 17 Apr 2018 at 07:21hrs | | by Staff reporter
Health, pension deal for informal sector
The National Social Security Authority (NSSA)'s much-awaited pension and health insurance schemes for the informal sector have been established, with paid-up beneficiaries being entitled to retirement...Published: 16 Apr 2018 at 06:52hrs | 1 | by Staff reporter
Woman uses fake certificate for 11 years
A Harare woman was slapped with a four months' prison term after she was found guilty of using fake Ordinary Level certificates and worked as an insurance agent at a local insurance firm for 11 years....Published: 13 Feb 2018 at 14:18hrs | 2 | by Staff reporter
Prices zoom out of control
Hard-pressed Zimbabwean consumers are in the throes of skyrocketing grocery bills that are likely to deprive them of the joys of Christmas, with unofficial inflation figures showing that food prices h...Published: 01 Nov 2017 at 12:34hrs | 12 | by Staff Reporter
Hyperinflation threat returns to Zimbabwe
Less than a decade after hyperinflation obliterated Zimbabwe's dollar along with its pensions and savings, the southern African nation is suffering a return to precipitous price rises.Zimbabwe...Published: 29 Oct 2017 at 14:27hrs | 2 | by Staff reporter
Chinamasa against Road Accident Fund
Finance minister Patrick Chinamasa said he is against the establishment of a Road Accident Fund (RAF), aimed at assisting road accident victims, as it will negatively affect insurance firms' revenues ...Published: 28 Jun 2017 at 14:09hrs | 1 | by Staff reporter
Mugabe rejects insurance Bill
PRESIDENT Mugabe has rejected the ZEP-Re (Membership of Zimbabwe and Branch Office Agreement) Bill, which sought to pave the way for one of Africa's leading insurance firms to extend its business into...Published: 09 Jun 2017 at 08:34hrs | | by Staff reporter
Pensioners suffer massive prejudice
THE Government-appointed Commission of Inquiry probing the conversion process of pension and insurance benefits after dollarisation in 2009 has wound up its work and will have a comprehensive repo...Published: 29 Jan 2017 at 09:24hrs | 4 | by Staff reporter
Sales agent unleash mubobobo on Nketa women
Women in Nketa suburb in Bulawayo are now scared of sweeping outside of their yards after one woman found herself in mubobobo crossfire.The naughty man...Published: 14 Jan 2017 at 11:17hrs | 3 | by Staff Reporter
NUST student swindles insurance firm
A National University of Science and Technology student allegedly swindled Clarion Insurance of over $12 000 in an insurance scam while working as an intern. Tinashe Stanley Chirandu (22) ...Published: 14 Jan 2017 at 08:45hrs | 3 | by Staff reporter
American insurance company ventures into Zimbabwe
American insurance firm, Blue Marble micro insurance is set to launch its venture in Zimbabwe after this month. The company, a consortium of 8 companies established in 2015 with the aim of...Published: 10 Oct 2016 at 07:25hrs | | by Staff reporter
Harare transport operators to join #shutdown protests
Commuter omnibus owners in Harare have resolved to park their vehicles Wednesday during the planned shutdown protests.The owners say insurance firms "are refusing to pay for damages incurr...Published: 30 Aug 2016 at 20:28hrs | | by Thobekile Zhou
Third party insurance premiums rise 20%
THIRD party insurance premiums for motor vehicles have been hiked by 20 percent to $36 per term from $30 last year for light vehicles, while premiums paid by commuter omnibuses have been revised to $8...Published: 05 Jun 2016 at 11:14hrs | 1 | by Livingstone Marufu
Doctors join Zanu-PF Govt in callously fleecing povo of last cent
"Sooner or later the people will always get the government they deserve," this is a universal truth as true, irrefutable and common sense as the second law of thermodynamic which simply put, states th...Published: 24 May 2016 at 21:11hrs | | by Patrick Guramatunhu
PDP offers real solutions to the cash crisis
In the recent weeks, the media, social and political conversations have been dominated by the ongoing dire cash crisis as well as the proposed disastrous returning of the Zimbabwean dollar alias ‘bo...Published: 11 May 2016 at 09:23hrs | 1 | by PDP
Zimdollar pensioners to be compensated
The ministry of Finance is seeking to compensate thousands of policyholders and pensioners who lost their savings in the conversion to US dollars from Zimbabwean currency in 2009. Finance...Published: 28 Mar 2016 at 10:04hrs | 2 | by Staff Reporter
Zimbabwe insurance firms accused of robbing policy holders
PENSION and insurance players in Zimbabwe are not maintaining accurate and comprehensive data which allows for precise calculation of pension and insurance funds and member benefit entitlements....Published: 29 Nov 2015 at 07:44hrs | 1 | by Staff reporter
Chinese Export and Credit insurance team arrives in Zimbabwe
A delegation from the China Export and Credit Insurance Corporation is in Zimbabwe to facilitate insurance cover on loan facilities extended to Zimbabwe's companies by Chinese banks.The delega...Published: 22 Sep 2015 at 19:29hrs | | by Staff Reporter
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