finance

Pension contribution arrears soar

THE Insurance and Pensions Commission (Ipec) has raised alarm over the continued rise in pension contribution arrears, which grew by 18,84 percent in the second quarter of 2025, reflecting persistent defaults by sponsoring employers.Ipec’s pensions report for the quarter ended June 30, 2025 shows arrears increased to US$110,43 million, up from US$92,92 million in the…

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Liquidity squeeze chokes Turnall

TURNALL Holdings (Turnall) revenue for the half-year ended June 30, 2025 declined by nine percent to US$5 million from US$5,5 million a year earlier as liquidity constraints in the economy weighed heavily on consumer demand.The Reserve Bank of Zimbabwe (RBZ) has been keeping a hawkish eye on money supply by maintaining interest rates higher at…

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Zimplow makes extensive cost cuts

ZIMPLOW Holdings (Zimplow) is making wide-ranging cost cuts, including staff layoffs, as it seeks to protect thinning margins and boost production efficiency.The agro-industrial firm’s agriculture-related units are still reeling from the impact of the El Nino-induced drought in 2024 which resulted in the group posting a US$718 499 loss for the six months ended June…

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Auto, fire policies dominate short-term insurance

ZIMBABWE’s short-term insurers grew revenue by 30 percent in the first half of 2025 to ZiG3,72 billion, driven mainly by motor and fire insurance policies, the Insurance and Pensions Commission (Ipec) has said.Calculated at an average exchange rate of US$1: ZiG26,65, this translated to US$139,53 million, up from US$106,99 million in the same period of…

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Industry calls for ESG policies

THE Confederation of Zimbabwe Industries (CZI) has urged the country to speed up its adoption of environmental, social and governance (ESG) policies and compliance with regulations to secure access to green financing.Zimbabwe has begun embracing sustainability through mandatory ESG reporting for listed companies, community-led projects such as sustainable farming and community gardens, the use of…

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Life assurance sector ‘at crossroads’

THE Insurance and Pensions Commission (Ipec) says Zimbabwe’s life assurance sector is at a crossroads and must adapt and innovate to remain relevant while contributing to the country’s economic growth.In its life assurance sector report for the half year ended June 30, 2025, Ipec stressed the need for insurers to move beyond traditional products and…

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Edgars in new store expansion drive

EDGARS Stores (Edgars) says it will continue to expand its geographic footprint through the opening of new stores in strategic locations. The Victoria Falls Stock Exchange-listed apparel retailer has been expanding its footprint, targeting underserved low-income markets and low-income consumers to widen its customer base. “A further seven Express Stores are targeted for expansion before…

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