THE Insurance and Pensions Commission (IPEC) says the new regulatory capital requirements for the insurance industry will strengthen financial soundness, resilience, and ability to protect policyholders.The amendments, aimed at streamlining licensing and compliance processes, were issued in an extraordinary Government Gazette this week in line with currency changes.The old regulations issued under S.I. 59 of…

ZIMBABWE’S financial reporting landscape continues to be complex for listed companies, marked by persistent challenges stemming from the country’s constantly evolving currency environment.The 2024 financial reporting season revealed a mixed performance, with 14 firms on the Zimbabwe Stock Exchange (ZSE) and the Victoria Falls Stock Exchange (VFEX) receiving qualified audit opinions, while five others were…

THE International Monetary Fund (IMF) has recommended that Zimbabwe move away from the export surrender requirements, advocating for a significant overhaul of the country’s foreign exchange management and monetary policy.The recommendation follows a recent mission by the Bretton Woods institution to assess Zimbabwe’s economic landscape.A key focus of the IMF’s recommendations is to improve the…

LABOUR minister Edgar Moyo, has appointed a new board at the National Social Security Authority (NSSA) following the “expiration of the previous directors’ tenure”.The new board includes Christopher Dube, the Town Clerk of the City of Bulawayo, as board chairman; Innocent Chinyama, the chief executive at Zimnat Asset Management Company; Florence Taruvinga, the president of…