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Windfall for 33,000 pensioners
The Mining Industry Pension Fund (MIPF) is preparing to compensate pensioners who lost benefits during Zimbabwe's hyperinflationary period between 2006 and 2009. The initiative comes amid reports that...Published: 04 Nov 2024 at 06:49hrs | 4309 | by Staff reporter
Safeguard says not informed it would be moving US$4 million before heist
Security company Safeguard says it was not informed that it would be moving US$4 million by Ecobank before armed robbers seized the cash on a busy Bulawayo street on Thursday.Police said Frida...Published: 05 Oct 2024 at 12:07hrs | 1262 | by Staff reporter
Pioneering progress amid resource constraints in African radiology and oncology
Experts are concerned about resource limits and insufficient radiology skills and services in Africa, particularly for cancer detection and treatment. As the continent grapples with the rising burden ...Published: 15 Aug 2024 at 07:41hrs | 143 | by Agencies
Private sector against third party insurance takeover
THE government's decision to take over the running of third-party insurance will crowd out the private sector and result in bureaucratic inefficiencies around claims processing, which will destroy eco...Published: 07 Apr 2024 at 10:21hrs | 1 | by Staff reporter
Government takes over third-party motor vehicle insurance
THE Government is finalising new regulations to set up a State-controlled third-party motor vehicle insurance scheme that will assume the responsibility of underwriting compulsory vehicle liability in...Published: 31 Mar 2024 at 08:07hrs | 1 | by Staff reporter
The impact of strikes on air travel insurance claims
In an era where air travel has become the linchpin for connecting the global village, disruptions such as flight delays, cancellations, or overbooking due to strikes can throw a wrench into the best-l...Published: 04 Mar 2024 at 14:20hrs | 5 | by Staff Reporter
Fast growing Zimbabwe diaspora spurs demand for funeral plans
In December 2023, Mavis Clinic Manyonga travelled to the Republic of Ireland from Zimbabwe, looking forward to spending the Christmas holidays with her daughter, Valerie Munashe Makuwe, a nurse in tow...Published: 09 Feb 2024 at 18:51hrs | 2 | by Staff reporter
844 bus drivers arrested for speeding
BUS drivers are now being routinely fined for speeding as the police applaud the Zimbabwe Public Transport Organisation (ZPTO) for their support in implementing the innovative speed tracking system wh...Published: 30 Nov 2023 at 06:52hrs | 7 | 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
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
Mnangagwa to address top energy conference
President Emmerson Mnangagwa will address the fourth edition of the International Renewable Energy Conference and Expo 2023 in Victoria Falls on Friday as the platform continues to grow in leaps and b...Published: 19 Mar 2023 at 07:49hrs | | by Staff reporter
BCC turn down $2m Ascot inferno waiver
THE Bulawayo City Council has turned down a request to waive a $2 million Fire and Ambulance Services bill by a business which lost bales of hay and property worth more than US$70 000 in an inferno in...Published: 10 Oct 2022 at 06:06hrs | | by Staff reporter
Zimbabwe to roll out Sadc compliant driver's licences in September
ZIMBABWE will be ready to issue the new Southern African Development Community (Sadc) Compliant Driver's Licence by September 30 this year and the design of the card is expected to be completed by the...Published: 17 Jun 2022 at 08:26hrs | 1 | 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 | 6 | by Staff reporter
Outcry over insurance service gaps
THE Insurance Council for Zimbabwe (ICZ) was inundated with widespread complaints from the public over lack of transparency by insurers.This was highlighted at the recently held Zimbabwe Inter...Published: 13 May 2022 at 19:10hrs | 1 | by Staff reporter
Headwinds piling up for Zimbabwe
The United States Agency for International Development (USAid)'s food security arm, the Famine Early Warning Systems Network (Fewsnet) has warned of below average harvests this year and a shortlived i...Published: 18 Mar 2022 at 05:37hrs | | by Staf reporter
Zimbabwe traffic police gets breathalysers
The Insurance Council of Zimbabwe (ICZ) yesterday donated breathalyser machines and traffic equipment worth US$82 000 to police to use in curbing road traffic accidents countrywide.The equipme...Published: 18 Mar 2022 at 05:33hrs | | by Staf reporter
'Councils by-passing MPs on devolution funds'
FINANCE minister Mthuli Ncube has accused local authorities of by-passing legislators during disbursement of devolution funds, causing tensions in communities.Ncube told MPs during Wednesday's...Published: 25 Feb 2022 at 07:16hrs | | by Staff reporter
Headwinds stalk Zimbabwe insurers
FINANCE and Economic Development minister Mthuli Ncube has warned that Zimbabwe's insurance sector faces one of its toughest times, with geopolitical tensions and disruptions to business models under ...Published: 09 Nov 2021 at 05:36hrs | 5 | by Staff reporter
10 Insurance technology trends for 2022
Technology and the insurance sector go hand-in-hand. According to a recent survey by Accenture, insura...Published: 06 Oct 2021 at 12:15hrs | 11 | by Staff Reporter
Traditional vs Direct Term Life Insurance
Until recently, those seeking life insurance needed to speak with an agent or some other company in order to get coverage. Things change when you use ...Published: 18 Aug 2021 at 15:44hrs | 2 | by Staff Writer
What you need to consider before hiring a slip and fall attorney
Getting serious injuries due to someone else's negligence is always stressful. This is because you need to be hospitalized and it can drain you financially because of the inability to continue working...Published: 05 May 2021 at 15:22hrs | 1 | by Staff writer
'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
Cabinet raps unwarranted price hikes
Businesses hiking prices of basic goods without justification are being investigated and the Government will take action in cases where there is profiteering, Information, Publicity and Broadcasting S...Published: 24 Feb 2021 at 05:43hrs | | by Staff reporter
How to avoid funeral policy claim rejection
IN Zimbabwe, getting claims settled by funeral policy insurers now seems to be very challenging. Many think insurers give flimsy excuses, but in most cases, the blame lies with policyholders.W...Published: 12 Feb 2021 at 15:53hrs | 1 | by Farai Francis Zhara
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
US$14 million plant to kick off
Plans to build a 5-megawatt mini-hydro power plant at Lake Mutirikwi here have gathered momentum with a local firm behind the $US14 million project awaiting independent assessment of the dam wall befo...Published: 06 Jan 2021 at 16:18hrs | | by Staff reporter
Why your funeral claim may be rejected
Death is certain, but the impact can be minimised through proper planning and awareness. Responsible people minimise its impact by taking a funeral policy. They will live peacefully knowing they will ...Published: 27 Dec 2020 at 08:12hrs | 6 | by Farai Francis Zhara
Zimbabwe health care network - What you need to know
Health care premiums are increasing across the globe. As every country is dealing with the aftermath of the coronavirus, health care insurers are playing catch-up. The countries - the United States, C...Published: 06 Dec 2020 at 08:41hrs | 4 | by Staff writer
Mnangagwa orders US-dollar payment on foreign currency pensions
PRESIDENT Emmerson Mnangagwa Friday ordered US dollar pension pay-outs on all investments under which workers injected foreign currency.This comes after thousands of Zimbabwean workers were be...Published: 28 Nov 2020 at 07:08hrs | | 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
Old Mutual launches road, air ambulance services
PREMIUM African financial services group Old Mutual has launched a medical rescue product, a life transforming package in partnership with ACE Air & Ambulance in Harare.As part of the Old ...Published: 28 Aug 2019 at 07:40hrs | 1 | 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
Brooklyn bus inferno survivor wants compensation
A MBERENGWA woman who survived the Brooklyn bus inferno, which claimed over 30 lives over six months ago, is bitter after the bus operator dumped her following the tragedy which left her disabled....Published: 21 Apr 2019 at 08:56hrs | | by Staff reporter
2017 military coup ghosts spooking Mnangagwa govt
THE wife of killed Central Intelligence Organisation (CIO) boss Peter Munetsi (pictured), who died in military detention during the November 2017 coup which ousted former president Robert Mugabe, Ross...Published: 12 Apr 2019 at 13:55hrs | | by Staff reporter
Killed CIO boss' wife demands US$600 000
THE wife of killed Central Intelligence Organisation (CIO) boss Peter Munetsi (pictured), who died in military detention during the November 2017 coup which ousted former president Robert Mugabe, Ross...Published: 12 Apr 2019 at 08:08hrs | | by Staff reporter
CIO boss coup death: Family wants justice
THE family of senior Central Intelligence Organisation operative Peter Munetsi, who died in military detention during the November 2017 coup that toppled former president Robert Mugabe, has written to...Published: 22 Mar 2019 at 06:55hrs | | 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 | | by Staff reporter
'GDP rebasing to lower insurance penetration'
THE rebasing of Zimbabwe's gross domestic product (GDP) in 2018 will lower insurance penetration rate by 2,9%, an industry official has said.Insurance and Pensions Commission (Ipec) acting com...Published: 22 Feb 2019 at 09:08hrs | | by Staff reporter
THI and Zimnat announce underwriting management agency agreement
THI Insurance has entered into an underwriting management agency agreement with Zimnat General Insurance that will result in THI being underwritten by Zimnat, in conjunction with Santam Agriculture, t...Published: 21 Feb 2019 at 11:06hrs | 9 | by Agencies
Muradzikwa quits Nicoz Diamond
Distinguished insurance executive, Grace Muradzikwa is stepping down from NicozDiamond, Zimbabwe's largest short-term insurer after 30 years with the company.Muradzikwa had been managing direc...Published: 21 Feb 2019 at 07:27hrs | | by Staff reporter
THI, Zimnat announce underwriting management agency agreement
THI Insurance has entered into an underwriting management agency agreement with Zimnat General Insurance that will result in THI being underwritten by Zimnat, in conjunction with Santam Agriculture, t...Published: 20 Feb 2019 at 15:54hrs | 3 | by Staff writer
Chamisa's ally wants Mnangagwa's govt to pay for Bulawayo looting
Government must pay for the looting that occurred in Bulawayo last month, the secretary-general of the main MDC party Douglas Mwonzora has said.Mwonzora was reacting to sentiments by Zanu-PF p...Published: 11 Feb 2019 at 14:07hrs | | by Staff reporter
Afreximbank avails $255m letters of credit to Zimbabwe
The African Export Import Bank (Afreximbank) has availed US$255m letters of credit to Zimbabwe for fuel imports and the production of basic commodities in a bid to ensure adequate input supplies to th...Published: 07 Feb 2019 at 08:06hrs | | by Staff reporter
Foreign insurers reject Zimbabwe's letters of credit
Zimbabwe's risk profile took a heavy knock following last week's violent demonstrations organised by opposition parties, non-governmental organisations and civil society actors, amid revelations some ...Published: 25 Jan 2019 at 14:12hrs | | by Staff reporter
Net closes in on under-capitalised assurers
The Insurance and Pensions Commission (Ipec), is closely monitoring three under-capitalised life assurance firms - Evolution Life, Heritage and Fidelity Life - after the assurers closed the third quar...Published: 08 Jan 2019 at 20:58hrs | | by Staff reporter
Regal Insurance suspended
Regal insurance has been suspended from underwriting any business following its failure to settle policy claims, the NewsDay has established.Documents seen by this paper show that the company ...Published: 28 Dec 2018 at 20:43hrs | | by Staff reporter
Zimbabwe currency confusion
The three-tier pricing system prevailing in the country is very confusing and frustrating, and is making the majority of people wonder if anyone really is in control of the economy. The government app...Published: 21 Dec 2018 at 10:52hrs | | by Miriam T Majome
Zimbabwe reels from spike in fatal accidents
MOTORISTS and other road users have been urged to exercise extra caution during the forthcoming festive season to prevent loss of lives through accidents.Three weeks ago, 33 people were burnt ...Published: 09 Dec 2018 at 07:13hrs | | by Staff reporter
Bus accident victim claims $16,000 compensation
A BULAWAYO motorist has sued Zebulon Express bus company for damages amounting to $16 000 and R85 000 after his car was rammed into and extensively damaged by the bus.Enos Cephas Buthelezi fil...Published: 04 Dec 2018 at 06:33hrs | | by Staff reporter
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