Fraudulent claims increase: IPEC
THE Insurance and Pensions Commission (IPEC) said between 25 – 30 percent of claims being submitted by clients were fraudulent.
THE Insurance and Pensions Commission (IPEC) said between 25 – 30 percent of claims being submitted by clients were fraudulent.
THE recent surge in the global price of gold could be a major boon for cash-strapped Zimbabwe if the safe haven commodity maintains its charge and the government does not blow the opportunity, experts say. This comes after gold recently hit an all-time high of more than US$2 000 an ounce, with economists saying the…
BANKS and retailers have denied any wrongdoing in the distribution of the special American dollar allowances to civil servants during the Covid-19 pandemic, saying “they only play an intermediary role”. This comes as government — through Treasury — has taken out newspaper advertisements to say banks have been “conniving” and “conspiring to limit or prevent…
ZIMBABWEAN car and other equipment importers have to fork out millions more under a special 2016 tax to reduce ozone-depleting substances and as the cash-strapped government also seeks to widen its revenue collection. This also comes as local motorists pay through their noses for fuel — specifically up to US$1,28 per litre (R22) — since…
SIXTEEN sugarcane farmers in the Lowveld have taken Tongaat Hulett (Tongaat) to the High Court in a bid to reverse an agreement tailored to compensate the company for crops they had taken over. The farmers, who acquired land in Hippo Valley Ranch, Triangle and Chiredzi under the land reform programme had initially agreed to have…
ZIMBABWE has a very progressive Constitution and if those who preside over State power were to adhere to its dictates, our country would take a thrilling developmental trajectory. A Constitution just being a piece of paper, requires men and women of character and fortitude to have its provisions implemented for a resultant better nation. Great…
IT would seem that the attraction of Ponzi schemes never ends as confirmed by recent reports that police are searching for the directors of KWD Digital Marketing, a company running a suspected Ponzi scheme in Harare. Scores of gullible participants of the scheme have over the past weeks been flocking to 147 Freedom Legacy Way…
ZIMBABWE has a very progressive Constitution and if those who preside over State power were to adhere to its dictates, our country would take a thrilling developmental trajectory. A Constitution just being a piece of paper, requires men and women of character and fortitude to have its provisions implemented for a resultant better nation. Great…
THE Zimbabwean government is exploring all avenues, including disposing some of its assets, to raise US$3,5 billion to compensate white farmers, who were kicked off their farms in the fast-track land reform 20 years ago, Finance minister Mthuli Ncube has said. In a widely contested move, the cash strapped government last month agreed to pay…
THE Zimbabwe Stock Exchange (ZSE) last week lost $50 billion in capitalisation as foreign investors rushed to offload stocks in the week that the market resumed trade following a five-week suspension. The local bourse has been under the spotlight with authorities alleging that the market was being used to manipulate the exchange rate and fuel…
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