Ipec defends medical aid regulation shift

THE Insurance and Pensions Commission (Ipec) says the proposed transfer of regulation for medical aid schemes from the Ministry of Health aims to ensure careful and lasting management of pooled funds.It said this will include stronger ways to protect consumers, adding that the Justice Smith Commission of Inquiry, which looked at changing insurance and pension…

Subscribe to read full article. Subscribe today

Read more

Non-funded income dominates banking sector revenue mix

ZIMBABWE’S banking sector continues to see a shift where non-funded income, driven by currency revaluations and fees, is making more money than traditional earnings.This trend, which has developed over the past few years due to ongoing currency instability, saw interest income from loans drop further to 13,5 percent.This persistent reliance on non-funded income is causing…

Subscribe to read full article. Subscribe today

Read more

‘Future of the World’ dialogue which focuses on new global growth begins

JOHANNESBURG, (CAJ News) – THE international Open Dialogue “Future of the World. New Platform for Global Growth” will occur at the National Centre “Russia” on April 28.  Experts worldwide will participate in the event, including experts from leading analytical centres, development institutes, higher education, government institutions, business associations, youth organisations, science, and journalism. One of…

Subscribe to read full article. Subscribe today

Read more

Vast eyes new concessions. . . as Zimbabwe releases company gems after 15-years

LONDON-HEADQUARTERED Vast Resources is eyeing new mining concessions in Zimbabwe after securing the release of its 129 400 carats of diamonds, held for 15 years at the Reserve Bank of Zimbabwe (RBZ) following a prolonged legal dispute. The development, the company states, not only exemplifies a significant breakthrough but also reaffirms Zimbabwe’s commitment to promoting…

Subscribe to read full article. Subscribe today

Read more

Business applauds easing of ZiG reins

EXPERTS have commended the government’s exchange control reforms of last week, which give under pressure companies greater flexibility in pricing their goods and services.Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts said this week that the repeal of exchange rate controls…

Subscribe to read full article. Subscribe today

Read more

ZSE bear-run to persist in 2025 — analysts say

THE bearish sentiment on the Zimbabwe Stock Exchange (ZSE) is expected to continue throughout the course of 2025, driven by global geo-political influences on local companies’ performance, financial markets analysts FBC Securities has warned.The ongoing trade tiff between the US and major global trading partners, mainly China, is already impacting global economic activity and is…

Subscribe to read full article. Subscribe today

Read more

Key investments drive Fidelity earnings

FIDELITY Life Assurance (Fidelity) has reported a profit of US$6,4 million for the year ended December 31, 2024, up 178 percent from prior year levels of US$2,3 million largely driven by investment income and insurance contracts revenue.Net investment income grew 54 percent to US$9,1 million in 2024 from US$5,9 million recorded prior year, driving overall…

Subscribe to read full article. Subscribe today

Read more

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More