Regional Human Capital Operations Manager – Human Capital x2 (Harare)

SAP Support Analyst (F1) – ICT: LEVEL 9 (Harare)

ABAP Developer: Level 9 (Harare)

Procurement Manager: D5 (Harare)

Financial Accountant (Harare)

Sales Consultant (Kadoma)

Cervical Cancer & Clinical Service Mentor Nurse

Laboratory Technician (Harare)

Spport Driver (Harare)

Food Security and Livelihoods Head of Department (Harare)

Accountant (Harare)

Accounting Assistants x3 (Harare)

Communications Intern (Harare)

Corporate Legal Counsel (Kamativi)

Company Secretary (Harare)

Marketing Manager (Harare)

Sales Manager (Harare)

Procurement Manager (D5)

Director Policy and Market Development (Harare)

Assistant Valuer Grade 7

Town Planner Grade 10

Till Operator x2 (Bindura)

Ambulance Technician (Bindura)

Business Development Manager

Intellectual Property Manager

Chief Research Officer (Bindura)

Teaching Assistant: Banking and Finance (Bindura)

Technical Assistant: Natural Resource Management (Bindura)

Administrator (Bindura)

Faculties Manager (Harare)

Staff Development Fellow: Department of Veterinary Pathobiology x4 (Harare)

Staff Development Fellow: Department of Construction & Civil Engineering (Harare)

Officer: Student Residential and Logistical Services (Harare)

Student Development Officers (Harare)

Information Manager (Harare)

Graphic Designer x2 (Harare)

Marketing Officer (Harare)

Technical/Copy Editor x2 (Harare)

Proofreader x2 (Harare)

Typesetter x2 (Harare)

Acquisitions Editors x2 (Harare)

General Hand (Harare)

Locum Pharmacists (Mutare & Ngezi)

Drivers x2 (Harare Campus)

Graphic Designer (Gweru)

Drivers (Harare Campus)

Artisan Supervisor – Fleet Maintenance (Gweru)

Transport and Logistics Officer - Tracking (Gweru)

SHEQ Intern/ Attaché (Bulawayo)

Nutrition Officer (Mutare)

Team Leader (Mutare)

Project Field Officer (Mutare)

Monitoring and Evaluation Officer (Mutare)

Assistant Accountant-Retail (Harare)

Trainee Risk Officer (Harare)

Sales Manager (Bulawayo)

The Competition and Tariff Commission (CTC), the competition regulator, has blocked CBZ Holdings Limited’s plan to acquire additional shares in First Mutual Holdings Limited (FMHL).
In 2023, CBZ purchased a 31.2% stake in FMHL from the National Social Security Authority (NSSA), increasing its total ownership to over 36%.
Under Zimbabwe Stock Exchange (ZSE) regulations, this required CBZ to make a mandatory offer to FMHL’s remaining shareholders. However, this proposal has now been halted.
In a notice to FMHL shareholders issued on December 05, CBZ’s Group Chief Governance Officer, Rumbidzayi Angeline Jakanani, said:
<blockquote>
Further to the Notice to Shareholders of First Mutual Holdings Limited (“FMHL”) issued by CBZ Holdings Limited (“CBZHL”) on 31 October 2024 relating to the Mandatory Offer in accordance with the Zimbabwe Stock Exchange Listings Requirements Sl 134 of 2019 and the Companies and Other Business Entities Act (Chapter 24:31), Shareholders are advised that the Competition and Tariff Commission (“CTC”) made its final decision on 29 November 2024 on CBZHL’s application for the approval of the acquisition of additional shareholding in FMHL through a Mandatory Offer.
The CTC has resolved that CBZHL must maintain 31.22% shareholding in FMHL which was initially approved by the Commission.
In light of the decision by the CTC, Shareholders of FMHL are hereby advised that CBZHL will no longer be proceeding with the Mandatory Offer to the Minority Shareholders in First Mutual Holdings Limited.
No further announcements will be made in respect of this issue.
</blockquote>
More: <a href="https://www.pindula.co.zw/">Pindula News</a>

Pindula News

Competition regulator says no to CBZ buying more shares in FMHL. CBZ bought a lot of shares in FMHL in 2023. They had to offer to buy more shares but now they can't. Shareholders of FMHL do not have to sell their shares to CBZ anymore. The Competition and Tariff Commission decided that CBZ can only have 31.22% of FMHL shares. CBZ will not be making any more offers to FMHL shareholders.

Competition Regulator Rejects CBZ's Bid For Additional FMHL Shares

CBZ Holdings, the parent company of CBZ Bank, has initiated a restructuring exercise to adapt to the changing business environment and enhance its market position.
As part of this process, 13 senior executives will leave the company next month. The first phase of the restructuring will see these executives departing on October 1, with their contracts set to be mutually terminated by the end of the year. CBZ chief executive Lawrence Nyazema said in a statement:
<blockquote>
CBZ Holdings is embarking on a restructuring exercise across its group of companies, aimed at aligning the Group’s strategic thrust with the evolving business environment.
This move is part of our broader efforts to strengthen our market position and ensure long-term sustainability in our dynamic market.
The first phase of the process is at the executive level, resulting in the departure of thirteen (13) senior executives.
The executives will go on garden leave starting 1 
October 2024, with mutual termination of their contracts expected by 31 December 2024.
CBZ Holdings remains fully committed to fulfilling its obligations and delivering the high-quality service our customers have come to expect.
By streamlining our operations, managing costs effectively, and sharpening our strategic focus, we are better positioned to serve our clients and stakeholders more efficiently.
We are committed to continually improving our business processes and adapting to the changing needs of the market to ensure continued growth and success.
</blockquote>
More: <a href="https://www.pindula.co.zw/">Pindula News</a>

CBZ Holdings, the parent company of CBZ Bank, is changing things to do better in business. They are making changes to their top people and 13 executives will leave next month. The company wants to be stronger and do well in the market. The executives will leave by the end of the year. The company wants to serve customers better and grow. They are working to be more efficient and successful by changing how they work. They want to adapt to the market and make sure they do a good job for their customers.

CBZ Holdings Embarks On Restructuring Exercise

President Mnangagwa has approved the appointment of Mrs Molly Dingani as the Deputy Chairperson of the National Railways of Zimbabwe (NRZ) board.
Transport and Infrastructural Development Minister Felix Mhona said Dingani’s appointment is with effect from December 1, 2023, and lasts until November 30, 2026. Mrs. Dingani will be taking over from General William Dube, whose term has expired. The NRZ board is currently chaired by Mike Madiro. In a letter dated November 27, Minister Felix Mhona said:
<blockquote>
I am pleased to advice you that His Excellency, The President of Zimbabwe, Cde E.D Mnangagwa has approved your appointment as Deputy Chairperson of the National Railways of Zimbabwe Board.
You shall serve in that capacity with effect from 01 December 2023 to 30 November 2026.
</blockquote>
Dingani also holds the position of Divisional Director for Business Banking at CBZ Holdings.
<h3><a href="https://www.pindula.co.zw/">More Pindula News</a></h3>

President Mnangagwa Approves Appointment Of Mrs Molly Dingani To NRZ Board

The CBZ Holdings board has approved the merger of its units, CBZ Bank Limited and CBZ Building Society into one entity.
In May this year, the Reserve Bank of Zimbabwe (RBZ) approved the amalgamation of the two units in terms of Section 25(5) of the Banking Act [Chapter 24:20], the <a href="https://www.chronicle.co.zw/cbz-bank-building-society-merger-approved/">Chronicle</a> reported.
Reads part of the statement released by the bank to shareholders on Tuesday: 
<blockquote>
The board of directors (the “board”) of CBZ Holdings Limited wishes to advise all shareholders and the investing public that the board approved to merge the operations of CBZ Bank Limited and CBZ Building Society into one entity, CBZ Bank Limited.
We further advise that on 20 May 2022, the Minister of Finance and Economic Development approved the amalgamation of CBZ Bank Limited and CBZ Building Society as required in terms of section 25(5) of the Banking Act [Chapter 24:20].
Following the approval, a public notice was issued in the Gazette on 12 August 2022, in terms of section 25(6) of Banking Act [Chapter 24:20] advising of the approval of the amalgamation.
</blockquote>
It added that the Building Society licence has been surrendered to the Registrar of Building Societies for cancellation in terms of section 14(3) of the Building Societies Act [Chapter 24:02].
The bank said the amalgamation is going to be effected through the consolidation of all assets, liabilities and equity of CBZ Bank Limited and CBZ Building Society into one entity, CBZ Bank Limited.
<h2><a href="https://zero.pindula.co.zw/">Pindula News</a></h2>

CBZ Holdings Board Approves The Merger Of CBZ Bank Limited And CBZ Building Society

Financial services giant, CBZ Holdings Limited (CBZHL) will hold an extraordinary general meeting (EGM) on January 31, 2022, to seek approval from its shareholders to acquire a stake of 31.22% in First Mutual Holdings Ltd (FMHL).
The shares are held by the National Social Security Authority (NSSA).
CBZHL currently holds a 3.23% shareholding in FMHL through a special purpose vehicle held under PIM Nominees (Pvt) Limited.
The acquisition of the additional shares from NSSA constituting 31.22% of the issued ordinary shares of FMHL will take CBZ Holdings Limited’s total shareholding to approximately 34.45%.
In a circular to shareholders, CBZ said the board approved the company’s formal bid for the acquisition of the 31.22% equity stake in FMHL held by Nssa. Rumbidzayi Angeline Jakanani, group legal corporate secretary, said in a statement:
<blockquote>
Realising the potential synergistic opportunities between CBZHL and FMHL, the board approved the company’s formal bid for the acquisition of the 31.22% equity stake in FMHL held by Nssa. In June 2021, the company emerged as the highest bidder and was, therefore, granted the opportunity to enter into an agreement with Nssa for the acquisition of their 31.22% equity stake in FMHL.
</blockquote>
She said the total purchase consideration for this transaction was agreed at $6 355 922 132, a price of $28 per FMHL ordinary shares excluding transaction costs.
CBZ is looking to acquire 226 997 219 million FMHL shares
Jakanani said the proposed settlement wherein 70% of the transaction consideration shall be settled by way of a share swap involving the issuance and allotment of new CBZHL ordinary shares will result in a dilution of 8.23% to the current shareholders of CBZHL.
The remaining 30% will be settled by cash payment.
The proposed acquisition of FMHL ordinary shares held by NSSA is a related party transaction for the purposes of the Zimbabwe Stock Exchange Listings Requirements because NSSA is a significant shareholder (holding 10% or more of the voting rights) in CBZHL (with an equity stake of 18.17%).
Consequently, Nssa will be precluded from voting at the EGM on the resolution regarding the proposed transaction. 
More: <a href="https://www.newsday.co.zw/2022/01/cbz-seeks-shareholder-approval-on-fmhl-stake/">NewsDay Zimbabwe</a>

CBZ Seeks Shareholders' Approval To Acquire NSSA Shares In First Mutual

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