...DEPARTMENT OF INSURANCE & ACTUARIAL SCIENCE STRATEGIC MANAGEMENT: AN INDISPENSABLE APPARATUS TO CREATE SUSTAINABLE COMPETITIVE ADVANTAGE IN THE VOLATILE ZIMBABWEAN SHORT-TERM INSURANCE MARKET? By HENSLEY MADAMOMBE N010 7541D SUBMITTED IN PARTIAL FULFILMENT OF THE REQUIREMENTS OF THE B.COM (HONOURS) DEGREE IN RISK MANAGEMENT AND INSURANCE SUPERVISOR: MR A. NYANHETE MAY 2014 Dedication To my family You have been my source of inspiration and hard work. You sacrificed everything that you had for the sake of my education. From you, I have learnt that: ‘it is only through a disciplined mind that success can only be achieved’. I will always love and cherish you. And, to the late Mr Paul Malaba (Former Chairman of the Insurance and Actuarial Science Department at NUST) You have gone too soon dear Sir, but your immense contributions to the academic fraternity will forever be cherished. You were an inspiration and a father-figure to all of us. The Q.A.B courses at NUST will never be the same without you. i Acknowledgements First and foremost, I would like to give honor, praise and glory to the almighty lord for his unending mercy, protection and unconditional love: “I will praise thee, O Lord my God, with all my heart; and I will glorify thy name for evermore” (Psalms 86:12, King James Version). I would also like to thank my parents, Mr. and Mrs. Madamombe, for their parental advice, financial support, guidance and endless love. Dear father and mother: ‘you are my fountain of...
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...developments for T24 including requirements definition, design, Interface Implementation, testing and maintenance. Agile, good analytical skills, quick to learn and a hard working team player. bUSINESS AREAS OF COMPETENCE * Business requirement analysis and documentation * Data migration * Interface development * Functional Specifications Analysis * Jbase programming * ICT Strategy Planning and Management * User Acceptance testing * Disaster Recovery Management * Project management EDUCATIONAL QUALIFICATIONS * MBA * HND Computer Studies * Diploma in Computer Studies * Cambridge - GCE Advanced Level (Certificate) at Harare High School, Harare, Zimbabwe. 1992 * Cambridge - 8 Ordinary Level pass, Harare High School, Harare, Zimbabwe. 1990 CURRENT EMPLOYER 45 Degrees consulting (South Africa) - PERIOD April 2009 – TODATE PERIOD | ROLE | PROJECT | RESPONSIBILITIES | | | | 1. | Sept 2012 | Credit Consultant | samba, saudi arabia | 2. Setup of corporate limits 3. Allocation of limits 4. Setup of Loan automatic past due monitoring ( Pre grace, grace, PDO, NAB, WOF and FWOF) 5. Setup of Asset classification and provision...
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...- using money it has simply created out of thin air. The institutions selling those bonds (either commercial banks or other financial businesses such as insurance companies) will then have "new" money in their accounts, which then boosts the money supply. It was tried first by a central bank in Japan to get it out of a period of deflation following its asset bubble collapse in the 1990s. Prior to 2009, QE had never been tried before in the UK. Is this printing money? These days the Bank of England does not have to literally print money - it is all done electronically. However, economists still argue that QE is the same principle as printing money as it is a deliberate expansion of the central bank's balance sheet and the monetary base. How does it work? Under QE a central bank purchases government bonds from private sector companies or institutions, typically insurance companies, pension funds and High Street banks. This increased demand for the government bonds pushes up their value, thereby making them more expensive to buy, and so they become a less attractive investment. This means that the companies who sold the bonds may use the proceeds to invest in other companies or lend to individuals, rather than buying any more of the bonds. The hope is that with banks, pension funds and insurance firms now more enthusiastic about lending to companies and individuals, the interest rates they...
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...said it would spend a further $40bn (£35bn) per month. This was on top of the $2.3tn (£1.4tn) the Fed had already put into QE since 2008. What is quantitative easing? Usually, central banks try to raise the amount of lending and activity in the economy indirectly, by cutting interest rates. Lower interest rates encourage people to spend, not save. But when interest rates can go no lower, a central bank's only option is to pump money into the economy directly. That is quantitative easing (QE). The way the central bank does this is by buying assets - usually government bonds - using money it has simply created out of thin air. The institutions selling those bonds (either commercial banks or other financial businesses such as insurance companies) will then have "new" money in their accounts, which then boosts the money supply. Prior to 2008, QE had never been tried before in the UK. Is this printing money? These days the Bank of England does not have to literally print money - it is all done electronically. However, economists still argue that QE is the same principle as printing money as it is a deliberate expansion of the central bank's balance sheet and the monetary base. How does it work? Under QE a central bank purchases government...
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...Municipal Bond Market Development Edited and with an introduction by: Priscilla Phelps, Senior Finance Advisor, Research Triangle Institute November 1997 Environmental and Urban Programs Support Project Project No. 940-1008 Contract No. PCE-1008-I-00-6005-00 Contract Task Order No. 06 Conducted by Research Triangle Institute Sponsored by the United States Agency for International Development Office of Environment and Urban Programs (G/ENV/UP) COTR Sarah Wines Finance Working Papers Table of Contents Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . v Figures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . v Part I: Municipal Bond Market Development in Developing Countries: The Experience of the U.S. Agency for International Development . . . . . . . . . . 1 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 The Changing Situation of Local Governments and Their Financing Options . . . . . 4 Defining Municipal Financial Market Development . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Strategic Context for Municipal Bond Market Development at USAID . . . . . . . . . . . 8 Technical Summary of Municipal Bond Projects . . . . . . . . . . . . . . . . . . . . . . . . . . 10 USAID Experience...
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...l in Zimbabwe Understanding the “new normal” in Zimbabwe The term ‘new normal’ is a term coined by Mohamed El-Erian, co-chief investment officer of Pimco, a California investment firm to refer to the situation the world found itself in after the Global Financial Crisis (GFC) of 2008-2010. From a global perspective, this phenomenon has led to mixed fortunes on the economies of different countries. Characteristic of the ‘new normal’ is the remarkable gaining of economic influence of the East due to the growing shift in global economic activity from West to East. Emerging Markets (Ems) proved to be a force to reckon with due to the increased flow of capital between the (Ems) themselves and to industrial countries as well as due to the increase in their stake or share in the global output from 40% in 1990 to 50% and expected to grow to 60% by 2035. The Global recession resulted in a deliberate greater government intervention in most countries to save respective banking systems from collapsing. As a result, there is a significant role to be played by governments in the economies of most countries which might have a negative impact of financial protectionism in some instances or lead to greater global financial coordination and transparency. In the ‘new normal’, the West has lost its ability to set the global agenda as seen in the transition from a G-7 to a Group of 20 which includes players in the Emerging Markets like Brazil, Russia, India, China, South Korea, Saudi Arabia...
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...Mardy Fish handed first-round loss South Africa’s Eskom considers power imports from Mozambique What Zim-Asset has achieved so far July 30, 2015 Business Business Editor WITH the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim-Asset) now due for mid-term review, keen interest surrounds its implementation and possible outcomes. Anchored on four strategic clusters — value addition and beneficiation, infrastructure and utilities, food security and nutrition, social services and poverty eradication — the five-year development policy is premised on leveraging the country’s natural resources to achieve economic growth through empowerment of ordinary Zimbabweans. An average of 7,3 percent growth target and creation of about two million jobs is to be achieved within the period. Zimbabweans are pinning their hopes on the anticipated turn around, seeking answers on progress made so far. Finance and Economic Development Minister Patrick Chinamasa shares some of the achievements made towards meeting the ideals of the national blue-print. While insisting the economy is on the right path towards recovery, he also captures highlights on progress from mega deals signed between Zimbabwe, China and Russia recently. “As you may all be aware, the Zim-Asset framework covers a number of issues across well defined clusters. We need reliable infrastructure and a strong production base in order to achieve sustainable development,” he told Parliament last week. ...
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...(GENERAL)FACULTY OF COMMERCEGRADUATE SCHOOL OF BUSINESS1)STUDENT NUMBER: : N01518063A2)EMAIL ADDRESS: : faithmndl01@gmail.com/faithn@oldmutual.co.zw 3)TELEPHONE NUMBER : 0782706629/0774414670INDIVIDUAL ASSIGNMENT (BULAWAYO COHORT)MODULE: STRATEGIC MARKETING MANAGEMENT CODE: GMB5165 LECTURER: MR S MTISI DUE DATE: 05 OCTOBER 2015 | Old Mutual Zimbabwe is a diversified international financial services group listed on the Zimbabwe stock exchange. The group has a reputation for integrity, financial strength and value-for-money, and is dedicated to satisfying client needs for wealth creation and protection – in profitable ways over 110 years It offers services its clients via a focused range of products including Life Assurance, Asset Management, Unit Trusts, Property Development and Management, Short-term Insurance and Banking Services. Its clientele include most of the large local institutions and the major multinationals represented in Zimbabwe as well as individuals. Company logo: Vision: To be our customers' most trusted partner - passionate about helping them achieve their lifetime financial goals. Mission: To enable a positive future for all our stakeholders: our customers, our employees, our communities, our environment and our shareholders. Marketing objectives: To improve their brand awareness from 70% to 80% through the use of digital media by the end of 2016. To achieve...
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...Attachment Report Keith Tapfuma C096993A Chinhoyi University of Technology Department of ICT and Electronics Baobab Reinsurance (Pvt) Ltd March 2010 to February 2011 This report is submitted in partial fulfilment of the requirement for the honours degree in Computing and Information Technology. Table of Contents Chapter One 4 Introduction 4 ZISCOSTEEL Background Error! Bookmark not defined. MISSION STATEMENT Error! Bookmark not defined. Objectives and Values Error! Bookmark not defined. Relevant Duties /Activities Carried out 7 Chapter Two 8 Procedures for solve the problems 10 1) Developing a Vehicle monitoring system 10 2) Resetting switch 12 Chapter Four 16 Chapter Five 17 Conclusion and Recommendations 17 Recommendations 17 ACKNOWLEDGEMENTS I would like to thank the following ZISCOSTEEL employees who contributed in supervising me during my attachment period: My supervisor Mr Gudyanga for his assistance and all the effort he made to make my attachment period successful, Mr Chibwe the Training Manager for offering an attachment place and Mrs Matutu the secretary for her assistance, the IT staff (Mr Muzavazi, Mrs Sibanda, Mrs Chadi and Mrs Mlaba ) for assisting me during may period of attachment. I would like to thank these people for the knowledge, encouragement, advice, guidance, love and discipline which they imparted on me. The attachment period...
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...TRUCT ACADEMY SUCCESS IN BUSINESS LAW FOR C.I.S, Z.I.M CERT., ZAAT, IAC, I.C.M M. MAVHUNGA LLB (S) (UZ) 3RD EDITION 2000 1 ACKNOWLEDGEMENTS` I would like to thank the Director of Trust Academy, Mr Mataka, The Principal, Mr Sauti and the Registrar Mr Kucherera whom without their support this study pack would not have been a success. To them I say keep the god spirits for enhancing the college and making it a force top reckon with according to international standards. Would also like to thank the Trust Academy Secretaries and Typists of this book, particularly, SHELTER MAVHUNGA, MISI MAKUZWA, AMANDA MANDA and JESCA KAMUNGA for their commitment to duty. Again their handwork in the production of this copy is highly appreciated. Anyone who directly contributed to the success of this module I say, God bless you. However none of the above will be accountable for any errors of omission or commission which might appear in this study pack. M. MAVHUNGA 2 Dedication This study pack is dedicated to the targeted students who commit themselves to passing the interesting course of business law. Foreword Business Law is a very broad course and covers many aspects. It is a challenging course a proper approach is not advised to new students but an interesting and very simple course once one grasps the concepts. The objective of this module is to simplify Business Law to be understood by Ordinary Advanced Level students who may be taking any of the above courses. The field has...
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...human habitation going back 100,000 years has been found at Kabwe, north of Lusaka. Beginning around 1000 AD, Swahili-Arab slave-traders gradually penetrated the region from their city-states on the eastern coast of Africa. Between the 14th and 16th centuries a Bantu-speaking group known as the Maravi migrated from present-day Congo (Zaïre) and established kingdoms in eastern and southeastern Zambia. In the 18th century, Portuguese explorers following the routes of Swahili-Arab slavers from the coast into the interior became the first known European visitors. After the Zulu nation to the south began scattering its neighbors, victims of the Difaqane (forced migration) began arriving in Zambia in the early 19th century. Squeezed out of Zimbabwe, the Makalolo people moved into southern Zambia, pushing the Tonga out of the way and grabbing Lozi territory on the upper Zambezi River. Zambia is a land locked country with a population 12,935,368. Kenneth Kaunda, a militant former schoolteacher, took over the leadership of the Africans from the more moderate Nkumbula and in 1959 formed a new party, the United National Independence Party (UNIP). Following a massive civil disobedience campaign in 1962, Africans were given a larger voice in the affairs of the protectorate. On 24 October 1964 Northern Rhodesia became independent as the Republic of Zambia, with Kaunda as its first president; he was reelected in 1968 and 1973. The main problems faced by Kaunda in the first decade of...
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...amount the group of the people living at a certain society and such that the institutionalization process in the modern society with modern organization system is clear with division of labor more specific. Bureaucratic system, business organizations, and commercial banks are credited with the institutionalization process. Financial Institutions deal with various financial activities related with bonds, stocks, loans, risk diversification, insurance, hedging, retirement planning, investment, portfolio management, and many other types of related functions. With the help of their functions, the financial institutions transfer money or funds to many levels of economy and thus play a substantial role in acting upon the domestic and the international economic setting. In order to carrying out their business operations, financial institutions instrument different kinds of economic models. They support their clients and investors to make the most of their profits by understanding appropriate guidance. Financial institutions also report a wide range of educational...
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...bibliography is appended. The work that I have submitted has not previously been accepted in substance for any other award. I further confirm that I have not shared my work with other candidates’ Prepared for : Zimbabwe Newspapers Prepared by : Marketing Manager Date : January 2012 Subject :Medium – term Marketing planning to address threats in the external environment of Zimbabwe Newspapers TABLE OF CONTENTS Content Page Executive Summary 4 Corporate Mission 5 Summary of audit findings 5 SWOT Analysis 6 Marketing objectives 6 - 7 Marketing Strategies 7 - 10 Marketing mix decisions 11 - 12 Budgets 12 Implementation 12 Evaluation and Control 13 APPENDICES Appendix 1 : Organizational background Appendix 2 : Audit Findings Appendix 3 : Gabriel’s credibility Matrix Appendix 4 : Implementation / Schedule of activities Evaluation Report References EXECUTIVE SUMMARY Zimbabwe Newspapers (1980) Ltd is the oldest newspaper publisher and commercial printer in Zimbabwe, as well as being easily the largest publisher of newspapers, having dominated the industry for almost 120 years. The company is the proprietor of Zimbabwe’s leading daily...
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...Table of Contents Chapter 1 Taxation overview---------------------------------------------------------------- 1 2 General principles ---------------------------------------------------------------- 8 3 Specific principles on gross income------------------------------------------- 12 4 Pension receipts and payments------------------------------------------------- 22 5 Double Taxation------------------------------------------------------------------ 29 6 General deductions----------------------------------------------------------------34 7 Expenditure-------------------------------------------------------------------------38 8 Capital allowances-----------------------------------------------------------------48 9 Leasing------------------------------------------------------------------------------ 60 10 Exemptions------------------------------------------------------------------------- 66 11 Partnership-------------------------------------------------------------------------- 71 12 Farmers------------------------------------------------------------------------------ 76 13 Miners------------------------------------------------------------------------------- 85 14 Exports------------------------------------------------------------------------------ 98 15 Capital gains------------------------------------------------------------------------ 101 16 Hire purchase-----------------------------------------------------------------------...
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...The Development of Conservation in Theory and Practice In considering the issue of wildlife conservation, a link to development rises quickly to the surface. After all, the animals seemingly considered the most prized by the collective popular consciousness, such as primates, occur predominantly in tropical areas of the world considered by most to be “underdeveloped.” According to the United Nations Population Division of the Department of Economic and Social Affairs, the rate of growth in developed countries, mostly those located in Europe and America, between 2005 and 2050 is expected to remain relatively minimal, while the population of the developing world is projected to substantially increase, from 5.3 billion to 7.8 billion, over the same period of time (United Nations Population Division 2005, vi). This includes a more drastic increase in the world’s 50 least developed country (mostly located in Africa and Asia), where the number of inhabitants is projected to swell from 0.8 billion to 1.7 billion over the same period. As such, in putting together a theory for development more broadly and conservation more specifically, it is crucial that the link between societal growth and natural resource and wildlife degradation be explored. In the following discussion, I hope to accomplish a few things. First, I will consider development theory broadly, looking at its evolution through time and some popular contemporary critiques. Though development theory (as it stands...
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