Articles tagged 'zimre'

Emeritus to provide offshore capital for ZHL 8 May 2018 HARARE - ZIMRE Holdings Limited (ZHL) says the consolidation and restructuring of its reinsurance operations under Emeritus Reinsurance is expected to provide a vehicle to mobilise offshore capital required to strengthen operations and embark on regional expansion. ZHL chairperson Ben Kumalo s...
CFI Holdings saga in new twist 8 November 2017 HARARE - The battle to control diversified concern, CFI Holdings (CFI), has taken a new twist amid indications that Zimre Holdings (Zimre) is fighting to keep its directors on the struggling company’s board. This was after CFI had agreed to hold an extraordinary general meeting — requisitioned...
ZHL intensifies restructuring drive 17 August 2017 HARARE - Diversified group, Zimre Holdings Limited (ZHL), has begun negotiations over the disposal of certain assets as it intensifies its restructuring drive. Company secretary Lovemore Madzinga yesterday said the firm wanted to use the disposal proceeds in new ventures. “The company has b...
Zimre seeks Botswana listing 29 June 2017 HARARE - Zimbabwe Stock Exchange-listed diversified concern, Zimre, is planning to list its subsidiary Emeritus International Reinsurance Company (Emeritus) in Botswana. The group’s chief executive, Stan Kudenga, said exchange controls approvals for the setting up of Emeritus — an offshore ...
Zimre in cost-cutting drive 22 June 2017 HARARE – Zimre Property Investments (ZPI) has embarked on another cost-cutting drive aimed at keeping the company afloat in an increasingly challenging economic environment. The realtor’s managing director, Edson Muvingi, said despite another retrenchment that took place last year, the firm st...
Zim companies in share buybacks 13 June 2017 HARARE - Zimbabwean companies are embarking on a share buyback spree in an effort to preserve shareholder value and boost earnings per share. Last week, Zimre Holdings and Pearl Properties announced their intention to embark on share buybacks. Companies buy back their shares for various rea...
US removes ZimRe from sanctions list 14 January 2017 HARARE - The United States yesterday removed ZimRe Holdings Limited — a holding firm of companies in general insurance, life and pensions, and agro-industries — from the US Department of the Treasury’s Office of Foreign Assets Control (Ofac) sanctions list. ZimRe — engaged reinsurance, reassur...
Zimre clarifies merger 27 December 2016 HARARE - Zimbabwe Stock Exchange-listed insurance giant, Zimre, says it has no plans to merge its entities with First Mutual Holdings Limited (FMHL). This was after businessman Patterson Timba’s company Renaissance Financial Holdings Limited (RFHL) recently petitioned the National Social Secur...
Sparks fly over FML, Zimre merger 8 December 2016 HARARE - Renaissance Financial Holdings Limited (RFHL) has petitioned the National Social Security Authority (Nssa) to stop an alleged plan to merge its First Mutual Holdings (FMH) subsidiary and Zimre Holdings Limited (ZHL), and subsequently dispose them to a South African investor. In a Dece...
Zimre to leverage real estate 8 July 2014 HARARE - Zimre Holdings Limited (Zimre) will leverage its real estate, within and outside the group's portfolio to meet underwriting capacity. Benjamin Kumalo, Zimre chairperson last week said the group would also dispose its non-core assets and non performing investment. “Among others, we ...