Home Affairs Minister Ignatius Chombo’s former wife, Marian, with whom he had a bitter divorce seven years ago is now reportedly broke, according to a report in Newsday.
Zimbabwe Asset Management Company (Zamco) has purchased $29.5 million worth of non-performing loans from Pan-African banking group BancABC, boosting Atlas Mara’s first quarter profit to $5 million.
The life assurance industry’s net premium income increased by four percent in 2016 to $347 million from $334 million recorded in the previous year, the latest report by the Insurance and Pension Commission (IPEC) shows.
Old Mutual Zimbabwe says adjusted operating profit for the quarter to March 31 was above target but marginally below last year, supported largely by life business and banking arm, CABS, according to chief executive, Jonas Mushosho He told shareholders at the company’s 19th annual general meeting that all businesses were trading in line with or above the plan for the quarter.
The Zimbabwe Stock Exchange says payments to dealers will now be expedited after moving to a three day payment cycle.
The world’s second largest platinum miner, Impala Platinum, says production at its 50 percent owned Mimosa Mine in Zvishavane remained unchanged at 30 000 ounces of platinum in the third quarter to March 31.