FINANCIAL SERVICES

Tight economy chokes Fidelity insurance revenue

Fidelity Life Assurance says the increase in the costs of basic goods against stagnant wages reduced spending on insurance products.The company's chief executive officer, Reuben Java, told shareholder...

By Staff reporter | Published: 27 June 2019

MINING & RETAIL

Miners urge Fidelity to review gold price

Small-scale gold producers in Masvingo province have welcomed the recent price increase of the yellow metal on the world market and pleaded with Fidelity Printers and Refiners (FPR) to localise the in...

By Staff reporter | Published: 29 April 2019

BUSINESS NEWS

Fidelity cuts off the middleman

FIDELITY Printers and Refiners (FPR) has upped the ante in gold mobilisation, amid indications that it will soon be buying the precious metal directly from gold miners as it desperately seeks to arres...

By Staff reporter | Published: 20 December 2018

MINING & RETAIL

Fidelity Printers issues 21 gold buying licences

THE country's sole gold buyer and exporter, Fidelity Printers and Refiners (FPR) has issued 21 gold buying licences to the Zimbabwe Miners Federation (ZMF) as part of its concerted efforts to mop up t...

By Staff reporter | Published: 02 December 2018

MINING & RETAIL

Scrap Fidelity's gold monopoly, says Parly committee

THE Parliamentary Portfolio Committee on Mines and Mining Development has urged government to remove Fidelity Printers and Refiners (FPR)'s monopoly as the sole gold buyer to promote competition. FPR ...

By Staff reporter | Published: 26 November 2018

POLITICS

Fidelity prints presidential poll ballots

THE country's electoral administration body has contracted Fidelity Printers & Refiners to print ballot papers for the presidential election. Another government entity Printflow Pvt (Ltd) has been...

By Staff reporter | Published: 15 June 2018

FINANCIAL SERVICES

Fidelity boss in the eye of audit storm

Fidelity Life Assurance Ltd CE Reuben Java is in the eye of a storm after it emerged this week that he was awarded an annual bonus when he was appointed to the helm in October last year at a time the ...

By Staff reporter | Published: 15 June 2018

FINANCIAL SERVICES

Fidelity posts $1,3m loss on asset write-offs

Zimbabwe Stock Exchange-listed Fidelity Life Assurance tumbled to a loss of $1,3 million in 2017 against the restated profit of $6,4 million in the prior year attributed to shareholder asset write-off...

By Staff reporter | Published: 07 May 2018

MINING & RETAIL

Fidelity threatens to deregister gold buyers

FIDELITY Printers and Refiners (FPR) has threatened to withdraw licences for agents it accuses of defying a directive to use receipt books issued by the State-controlled company when buying gold from ...

By Staff reporter | Published: 25 January 2018

MINING & RETAIL

Fidelity extends loan to miners

Fidelity Printers and Refiners (FPR) has so far extended loans to over 300 small-scale artisanal miners across the country, under the Gold Development Fund as uptake of the facility is increasing on r...

By Staff reporter | Published: 19 January 2018

MINING & RETAIL

Fidelity Printers boss in court for abuse of office

Fidelity Printers and Refiners head of gold operations Mehluleli Dube is appearing at Harare Magistrates' Court on allegations of approving a $183 000 gold purchase after police advised him to stop th...

By Staff reporter | Published: 27 November 2017

MINING & RETAIL

Afreximbank, RBZ negotiate gold deal

Fidelity Printers Refinery is set to start processing gold from other African countries if negotiations between the African Export-Import Bank (Afreximbank) and the Reserve Bank of Zimbabwe on the iss...

By Staff reporter | Published: 28 September 2017

FINANCIAL SERVICES

Fidelity Life Assurance appoints substantive CEO

Diversified financial services group Fidelity Life Assurance of Zimbabwe has appointed Mr Rueben Java as its substantive chief executive effective October 1, 2017.Mr Java, who is also the current chai...

By Staff reporter | Published: 27 September 2017

MINING & RETAIL

Fidelity reduces US$ payouts to miners

FIDELITY Printers and Refiners has reduced cash payouts to small-scale gold miners by 40 percent, a move some industry players fear may hurt production and give rise to smuggling of the precious miner...

By Staff reporter | Published: 27 September 2017

BUSINESS NEWS

Fidelity, clients conflict spills to Parliament

A FIERCE clash between Fidelity Life (Fidelity) and hundreds of its customers over contractual differences at the company's South View Park project has escalated to cabinet level amid information a gr...

By Staff reporter | Published: 12 September 2017

FINANCIAL SERVICES

Storm over Fidelity's housing project

Listed financial services group, Fidelity Life Assurance Company, is in the eye of a storm after failing to honour its side of the bargain to purchasers, who bought residential stands at its South Vie...

By Staff reporter | Published: 07 September 2017

MINING & RETAIL

Fidelity pays out $15m to artisanal miners

FIDELITY Printers and Refiners is paying out $15 million to the estimated 300 000 artisanal gold miners on a weekly basis, Finance and Economic Development Minister Patrick Chinamasa said.Speaking at ...

By Staff reporter | Published: 24 August 2017

MINING & RETAIL

Youths deliver 300kg gold to Fidelity Printers

Over 6 000 Zanu-PF youths in Chegutu have delivered 300 kilogrammes of gold to Fidelity Printers and Refiners since 2014 worth an estimated $10 million.The artisanal miners formed the Danangwe Distric...

By Staff reporter | Published: 16 August 2017

MINING & RETAIL

Fidelity, ZMDC in gold venture

Reserve Bank of Zimbabwe (RBZ) subsidiary Fidelity Printers and Refiners (Fidelity) is set to partner the Zimbabwe Mining Development Corporation (ZMDC) in the establishment of a gold mining venture.J...

By Staff reporter | Published: 07 June 2015

MINING & RETAIL

Fidelity must charge competitive gold prices

GOVERNMENT will soon ensure that Fidelity Printers and Refiners charges competitive prices on all gold delivered to the buyer to curb smuggling of the mineral, a Cabinet Minister has said.In the 2014 ...

By Staff reporter | Published: 24 July 2014

MINING & RETAIL

Gold deliveries to Fidelity hit 6 tonnes

GOLD deliveries to Fidelity Printers and Refiners, the country's sole buyer of the precious metal, hit nearly six tonnes in the six months to June this year, official statistics show.Gold producers de...

By Martin Kadzere | Published: 22 July 2014

CONSTRUCTION & PROPERTY

FLAZ expects full subscription of bond by month end

Fidelity Life Assurance of Zimbabwe Limited is expecting its $5 million bond issue to be fully subscribed by the end of this month as many investors have expressed interest in the instrument.  As...

By Staff reporter | Published: 30 June 2014

FINANCIAL SERVICES

Fidelity Life expects long-term gloomy share value

Fidelity Life Assurance of Zimbabwe foresees little improvement in the value of their shares within the foreseeable future but remain hopeful of a better performance than last year.Fidelity Life mana...

By Staff reporter | Published: 26 June 2014

FINANCIAL SERVICES

Fidelity gets major boost

Fidelity Life Assurance of Zimbabwe has received a major boost for its phase two Manresa housing development following the finalisation of the administration wrangle between two municipalities which c...

By Staff reporter | Published: 09 May 2014

CONSTRUCTION & PROPERTY

Southview Park to drive Fidelity's profitability

Fidelity Life will focus on the development of Southview Park in FY14 with proceeds from stand sales expected to drive the group's profitability to an estimated $30 million, MD Simon Chapereka told an...

By Staff reporter | Published: 13 March 2014
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