Articles tagged 'old mutual'

Old Mutual opens Greenzone branch 18 September 2018 MUTARE - Old Mutual, one of Zimbabwe's largest integrated financial services companies, on Friday opened a new one-stop-shop branch in Mutare, offering their main financial and banking services under their Greenzone branded shop concept as well as the refurbished CABS branch. Commenting on the...
Zim employees urged to prioritise pensions 3 September 2018 HARARE - Zimbabwean employees should prioritise pension contributions to safeguard their lives during retirement, industry experts have said. Most employees in the southern African nation are sceptical to contribute towards private pension funds after claim contributions were wiped by inflatio...
Old Mutual records $66m profit 23 August 2018 HARARE - Old Mutual Zimbabwe (Old Mutual) says its profit after tax declined by 35 percent to $66 million for the half year to June 30, 2018 from $101,8 million achieved during the same period last year due to the impact of lower fair value gains on listed equities during the period under review....
Govt courts Old Mutual 3 July 2018 HARARE - Government is courting insurance and property giant — Old Mutual — to supports its ambitious agricultural and housing development programmes as it seeks to revive its romance with the private sector following years of frosty relations. President Emmerson Mnangagwa’s government seeks t...
Old Mutual lists in Zim 27 June 2018 HARARE - Old Mutual Limited shares were yesterday listed on the Johannesburg Stock Exchange (JSE) with a secondary listing on the Zimbabwe Stock Exchange (ZSE), Nairobi Securities Exchange (NSX) and the Malawi Stock Exchange (MSE) The listing replaces the listing of Old Mutual plc which has be...
ZSE Q2 top picks 26 April 2018 HARARE - Old Mutual Securities (OMSEC) has recommended five counters as top picks on the Zimbabwe Stock Exchange (ZSE) during the second quarter of the year. The counters are Axia, African Sun Limited (ASL), Art Corporation, Econet Wireless and Barlcays. Axia has three main business interes...
Old Mutual declares dividend 24 April 2018 HARARE - Shareholders of integrated financial services group, Old Mutual Zimbabwe are smiling all the way to the bank after the group declared a 7,11 cent per share at a time many companies are failing to reward their investors. Many companies that announced financial results for the year to ...
Easton wins Zim Open 23 April 2018 HARARE - South African Bryce Easton equalled the Royal Harare course record of nine-under 63 after coming from behind to win the 2018 Old Mutual Zimbabwe Open title yesterday. Easton started the final round on seven-under 209 after the first 56 holes and was six shots behind overnight leader a...
Ferreira, Basson pile pressure on Ritchie 22 April 2018 HARARE - Tyrone Ferreira and Christiaan Basson carded impressive rounds of 64 and 67 respectively yesterday to move within two shots of Old Mutual Zimbabwe Open defending champion and leader JC Ritchie. Ferreira and Basson are now on 11-under 205 for the tournament while Ritchie is on 13-under...
Ritchie extends Zim Open lead 21 April 2018 HARARE - Defending champion JC Ritchie now enjoys a four-shot lead at the top of the Old Mutual Zimbabwe Open golf tournament leaderboard after another superb six-under 66 during yesterday’s second round. Ritchie, who is now on 12-under 132, had signed off for another 66 after the first round ...
JC Ritchie in good start 20 April 2018 HARARE - Last year’s champion JC Ritchie has began the defence of his Old Mutual Zimbabwe Open Golf Tournament title with a solid six-under par 66 in yesterday’s opening round of the Sunshine Tour-sanctioned event. Martin Rowher, Vaughn Groenewald and Andrew van der Knaap are in second place a...
R2m purse for Zim Open 9 April 2018 HARARE - The prize money up for grabs at the 2018 Old Mutual Zimbabwe Open golf tournament has increased from R1,8 million to R2 million, organisers announced yesterday. This marks an 11,11 percent increase of the purse for the Sunshine Tour-sanctioned tournament which tees off at Royal Harare...
Old Mutual records $219m profit 27 March 2018 HARARE - Integrated financial services group, Old Mutual Zimbabwe Limited (OM) said its profit after tax went up 139 percent to $219 million in the full year to December 31, 2017 from $91,8 million due to improved business performance across all the company's units. Old Mutual chairperson Joha...
Govt mulls water tariff reduction for Old Mutual's power plant 29 August 2017 HARARE - Government is mulling a reduction in water tariffs to encourage power generation at a $5,7 million mini-hydro power plant bankrolled by financial services group, Old Mutual Zimbabwe in Chipinge District, southeast of Zimbabwe. Energy minister Samuel Undenge said he was in talks with h...
Mama euphoria grips Community Cup 27 June 2017 HARARE – Zimbabwean-raised flanker Marco Mama caused a standstill at the Mashonaland East Old Mutual Intercommunity Cup at Zengeza 1 High School over the weekend. The versatile back-rower who plays for Aviva Premiership side Worcester Warriors is in the country during the off season and was gu...
Old Mutual Custodial Services rebrands 15 June 2017 HARARE – Old Mutual Custodial Services has rebranded to CABS Custodial Services (Private) Limited (CCSL) in an effort to meet international best practices that encourage custodians to operate within a banking institution. CABS managing director Simon Hammond said the new unit will also take ad...
Nyamutsa, Chikanga prevail 5 June 2017 BULAWAYO - Canicious Nyamutsa won the seventh and final edition of the Old Mutual Nkulumane Fun Run with a time of 29.15.86 in Bulawayo yesterday. This was the last staging of the event after the sponsors Old Mutual announced that they were introducing the 21km half marathon next season in pla...
Zim Open secures sponsorship 7 April 2017 HARARE - After many doubts and a lot of uncertainty, the Zimbabwe Open golf tournament will go ahead this month after the organisers were able to secure the necessary sponsorship. Old Mutual Zimbabwe are now the major associate sponsor of the Sunshine Tour-sanctioned event which will be hosted...
Cabs in $39,2m profit 18 March 2017 HARARE - Old Mutual Zimbabwe's mortgage lender, Central African Building Society (Cabs), recorded a $39,2 million surplus in the year to December 2016 up from $28,3 million. Cabs chairman Leonard Tsumba said while the group had managed to grow its net surplus by $11 million, total assets had a...
Old Mutual records $92m profit 17 March 2017 HARARE - Intergrated financial services group, Old Mutual Zimbabwe (OMZ), has recorded $92 million profit in the full year to December 2016 compared to $13,3 million registered in prior comparable period. “This performance was driven by strong performance in the banking, life insurance and sho...
Old Mutual Relay Challenge roars into life tomorrow 4 February 2017 HARARE - The annual Old Mutual Relay Challenge roars into life tomorrow when athletes from across the country converge at the starting point at Old Georgians Sports Club. Old Mutual has been sponsoring the event since 2013. The event has evolved with time, starting off as the Old Mutual Rodger...
Super Rugby Weekend programme out 19 January 2017 HARARE - Organisers of the Old Mutual Super Rugby Weekend have released the programme for the event which will be held at the National Sports Stadium on January 28. For the second year running, Kyros Sports will be brining Super Rugby action to Zimbabwe with South African sides the Vodacom Bul...
Nyamutsita wins Vumba Mountain Run 1 November 2016 MUTARE - Canisious “Navara” Nyamutsita finally claimed victory at the Old Mutual Vumba Mountain Run Half Marathon after peeping last years’ champion Millen Matende to cure his 2013 heartbreak. Nyamutsita hit the ribbon in 1:14:55 ahead of Matende, who came home in 1:15:40 with Munyaradzi Jani ...
Rugby talent blows away Middleton 18 October 2016 HARARE - Former Canada Sevens coach Liam Middleton expressed nothing but praise for Zimbabwe’s rugby talent residing in high density areas that was brought to the fore on Saturday at the 2016 edition of the Old Mutual Tag Rugby Under-12 national finals. The finals took place at Eaglesvale High...
All set for Westgate Half Marathon 23 September 2016 HARARE - Several highly-rated long distance runners will battle for honours in the Old Mutual Westgate Half Marathon that has been set for Sunday. The annual race has a purse of $3 000 for the winners in the male and female categories and is once again expected to draw a bumper field. The W...