DIVERSIFIED listed group, Zimre Holdings Limited (ZHL), says its strategy remains anchored on delivering a strong cash wallet with wealth management being a future area.
This was revealed by ZHL group chief executive Stanley Kudenga at an analyst briefing on Thursday last week.
He said the group was back to establishing itself as a truly pan African company, thus deploying capital to its regional operations.
“The ZHL group’s strategy remains anchored on delivering a strong cash wallet, driving a cost-effective insurance float through momentum and scale,” he said.
“You will also realise that we are back to tilting our property portfolio towards high-yielding commercial and retail sectors through near liquid investments.
“In terms of wealth creation, when you look at where we are coming from as a country, we used to be very vibrant and had a very strong and dynamic capital market because we had the middle class which was coming up and which was also strong in terms of savings.
“When you look at savings, the business units that become very critical in terms of managing savings are your asset management, property management, advisory capital, in terms of factorial, global and microfinance. These are what will form our growth management going forward.”
Kudenga said that ZHL would also aim for potency in such a way that “we can then tap into any recovery” in terms of savings and also become very active capital market wise.
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While the group has already benefited, Kudenga said, the insurance business had challenges with a low prescribed assets ratio.
“So now we are using our own growth management to generate prescribed assets that make sense to us in terms of commercial, which is why we have now added this structure,” he said.
The group has completed the balance sheet reorganisation of Emeritus International Re, which serves as the backbone of it’s Great Africa Trek.
It successfully enhanced the Emeritus Re Mozambique balance sheet with a US$2 million capital raise that increased the underwriting capacity.
“The welfare and happiness of staff is critical, with robust culture orientation and high performance standards now being derived due to improved employee productivity ratios,” ZHL said.
ZHL chief operating officer Chakanyuka Nziradzemhuka said the Eagle real estate investment trust project has been ably supported with one project already underway.
“Mazowe at 13% completion, Victoria Falls land successfully acquired and title in hand. The group further extended commitment to the town by securing a refuse truck,” he said.
