TA Holdings Ltd has a 51% stake in Sable Chemical Industries. Chemplex Corporation owns 36% and Norsk Hydro 12%. The balance is owned by the public.

Corporate Governance

Sable Chemical’s board of directors comprises of:

• Mutasa, Shingai - Chairman
• Brigadier- Genral Chanakira- Non-Executive Director
• A Connolly - Non Executive Director
• Nyajeka, Bothwell - Non-Executive Director
• Kachere, M S - Non-Executive Director
• Magade, Mrs N.L. - Non Executive Director
• Murehwa, J.P. - Chief Executive Officer

Postal Address:

Sable Chemical Industries Limited
P.O. Box 561
Kwekwe
Zimbabwe

Physical Address:

Kwekwe
Zimbabwe

Tel: +263 055 23601
Fax: +263 055 23611
 

ZFC imports more than 150 different agricultural chemicals that include herbicides, fungicides, fumigants, insecticides and specialty chemicals such as tobacco desuckering agents. All crop chemicals are imported with the smaller volume products being ready for use while the large volume products are formulated, re-packed and labeled at ZFC's crop chemical plant in Kwekwe.

ZFC has distribution agreements with several of the world's leading principal manufacturers of agricultural chemicals such as Bayer, FMC, Monsanto and Syngenta. ZFC has 13 depots established throughout the country. The company also has an extensive network of stockists and agrodealers nationwide. It is ZFC's objective to continually improve the distribution of its products to promote fertilizer use in order to improve agricultural yields and the general produce output in the country. TA Holdings Ltd has a 22,5 % stake in this operation.

Corporate Governance

ZFC Limited’s board of directors comprises of:

• Kachere, M - Chairman
• Dafana, Richard - Managing Director
• A Connolly, Non Executive
• Nyajeka, B, Non - Executive Director
• Tebele, B, Non - Executive Director

Postal Address:

Zimbabwe Fertilizer Company Limited (ZFC)
PO Box 385
Harare
Zimbabwe

Physical Address:

35 Coventry Road
Workington
Harare
Zimbabwe

Tel: +263 4 753882/9
Fax: +263 4 753881

Cresta hospitality group is one of Southern Africa’s largest hotel management groups, boasting several properties in Botswana, Nigeria, Zambia, and Zimbabwe providing the true warmth of African hospitality.

Cresta hotels are ideal for the modern business traveller. With mid-market focus, Cresta hotels provide modern creature comforts and warm service that is sure to make any guest smile!

Cresta has been associated with hotel operations as far back as 1958, through the Jameson Hotel in Harare. The hotel portfolio in Zimbabwe was expanded in the mid 1960’s with the addition of the Cresta Oasis Hotel and the Cresta Churchill Hotel in the 1980’s. Cresta Lodge Harare was commissioned in 1993 to complete the current portfolio of four hotels in Zimbabwe.

In 1987, Cresta Hospitality was awarded the Management contract for the Marakanelo Hotels in Botswana by the Botswana Development Corporation. From an initial portfolio of less than 100 rooms under management, the group now manages close to 800 rooms in Botswana, with the addition of beautiful properties such as Cresta Lodge (Gabarone) and the Group’s flagship Mowana Safari Lodge in 1993 and 1994 respectively.

Cresta Hospitality Holdings is a hotel management company registered in Jersey. Cresta Hospitality is part of the TA Group. TA Holdings Limited in a public company listed on the Zimbabwe Stock Exchange.

Recent Projects

Cresta’s most recent project is in Kwara State, Nigeria, where economic growth is escalating the demand for quality business accommodation.

Cresta Kwara is the latest edition to the Cresta fold. This historic and graceful property offers 179 rooms, in the heart of Ilorin, the state capital, and just 10 kilometres from the airport. Cresta Hotels assumed the management of this property in July 2009. in the Hotel is currently undergoing refurbishment, to bring it to its charming potential.

Cresta Golfview

Located only 16km away from Lusaka International Airport along the Great East Road and adjacent to the 18-hole Chainama Hills Golf Club, Cresta Golfview Hotel is the perfect setting for business or relaxation and offers well appointed, comfortable rooms and a tropical themed swimming pool that complements the renowned Chatters Restaurant & Cocktail Bar. The hotel boasts three conference rooms and an executive board room, fully equipped with state-of-the-art facilities, wireless Internet service and a business centre. The Manda Hill Shopping Centre and Arcades Shopping Mall are a five minute drive from the hotel.

OUR HOTELS

Cresta Hotels leave you with memorable hospitality experiences through four experiential gateways. From a single point of departure, the Cresta brand encompasses a range of different products, without being diluted or compromised. Whether you are looking for a cosmopolitan – or truly authentic African experience, you will find that every hotel of the Cresta Hotels group offers exceptional service quality. The four gateways ‘Urban Heartbeat’, ‘Urban Oasis’, ‘African Roots’ and ‘African Fingerprint’ are each designed differently for you to choose the travel experience will best suit your lifestyle.

URBAN HEARTBEAT GATEWAY

Cresta Hotels’ Urban Heartbeat gateway encompasses destinations that pulsate with sensuality and energy. Urban Heartbeat is where Africa meets the world, a fresh, stylish, cosmopolitan setting in the hustle and bustle of town.

Excitingly different and aesthetically pleasing, Urban Heartbeat surrounds itself with innovative design and technology suited for the travelling businessman. High quality a la carte restaurants and bars are destinations in their own right, perfect for business lunches, private dinners or even Friday night drinks. Conference facilities are fully equipped and made for successful meetings, while fully catered functions provide customers with peace of mind knowing that everything has been taken care of. Hotels in the urban heartbeat gateway are in the heart of modern and cosmopolitan African cities, where the pace is fast, the stakes are high and where both business and pleasure are exhilarating experiences

URBAN OASIS GATEWAY

The Urban Oasis gateway offers peace and calm as well as rebirth and renewal. Just like the African spring, hotels and lodges in this gateway are places of growth and energy, where fresh ideas can sprout like new seeds in fertile ground,
the Cresta Urban Oasis gateway makes it possible to have a real holiday without being too far removed from the hustle and bustle of the city. Even more than that, it is the perfect ‘In-betweener’, where work and rest can be mixed effortlessly and where business becomes a pleasure.

A stones throw from the action, Urban Oasis offers all the facilities to stay connected and in touch with the world when opportunity desires. Set in lush and verdant gardens, these properties offer the perfect setting for relaxation following a hectic schedule of meetings. These tranquil properties are comfortable, quiet and informal, offering a true blend of modern convenience and traditional, homely comforts. These features blend beautifully to create a true mix of heritage and modernity. The Urban Oasis hotels offer buffet restaurants and hearty cuisine that nourish body and soul.

AFRICAN ROOTS GATEWAY

The Cresta African Roots gateway combines hotels in surprising havens and in unexpected places. They are like sunflowers in maize fields, beautiful, refreshing and out of the blue.

On a smaller scale and in smaller locations, these lodges and hotels provide great value and service equal to the bigger hotels of the group. They are modern, affordable and represent something that is inherent in African hospitality: you find it wherever you go.

These hotels provide modern, affordable accommodation in towns or locations where one would not always expect to find suiting accommodation and offer the same standards as the Urban Oasis Hotels and Urban Heartbeat Hotels on a smaller scale. With quality accommodation, food and refreshment, and entertainment, these hotels are a nucleus of activity and great place to stop over on a long journey.

AFRICAN FINGERPRINT GATEWAY

The African Fingerprint gateway is a collection of the Cresta Hotels’ signature destinations. Each Fingerprint property is a unique jewel in the Cresta crown, its patina is of the African landscape and everything that makes Africa a rich umber palette of tastes, textures and sounds.
.
Situated in niche locations, these hotels are as unique as the name ‘Fingerprint’ suggests. With exquisite surroundings and unique ala carte restaurants, these destinations are set in and around some of the world’s most beautiful creations such as the Chobe River basin.

African Fingerprint represents the elite of the Cresta Hotels.

As such, Cresta’s African Fingerprint gateway promises to punctuate a journey uniquely, and to provide a background for an unforgettable experience.

CRESTA OPERATES:

HOTEL GRADING ROOMS LOCATION

Four Hotels in Zimbabwe

Cresta Jameson Hotel *** 123 rooms Harare
Cresta Oasis Hotel *** 110 rooms Harare
Cresta Churchill Hotel *** 50 rooms Bulawayo
Cresta Lodge Harare *** 158 rooms Harare

Eight Hotels in Botswana

Cresta President Hotel *** 93 rooms Gaborone
Cresta Lodge Gaborone *** 160 rooms Gaborone
Cresta Botsalo Hotel ** 51 rooms Palapye
Cresta Bosela Hotel *** 50 rooms Selibe Phikwe
Cresta Riley’s Hotel *** 51 rooms Maun
Cresta Thaphama Hotel *** 96 rooms Francistown
Cresta Marang Gardens *** 105 rooms Francistown
Mowana Safari Lodge **** 111 rooms Chobe

One Hotel in Nigeria

Cresta Kwara TBA 179 rooms Kwara State

One Hotel in Zambia

Cresta Golf View

Zimnat Lion was incorporated in 1974 as Rhodesia National Farmers and General Insurance Company Limited. The company, as currently constituted, is a result of the merger of Zimnat Insurance Company Ltd with Lion of Zimbabwe Insurance Company Ltd, which created the largest short-term insurer in Zimbabwe then.

TA Holdings Ltd has a 100% stake in Zimnat Lion through its 100% holdings in Freecor Holdings Ltd and Bude Holdings Ltd. Freecor and Bude own 41,29% and 13,34% of Zimnat Lion, respectively. Its current constitution is a result of its merger with Lion Insurance Company Limited in January 1999, with TA as the major shareholder. In 2001 it was successfully listed onto the ZSE, as Zimnat Lion Insurance Company Limited. Zimnat Lion went on to be delisted on the 29th of July 2009 after TA successfully bought out all minority shareholders through a share swap.

Principal business

Zimnat Lion is a leading financial service organisation providing a diversified range of short term insurance products and services for individuals and corporations. The principal business of Zimnat Lion is underwriting short term insurance policies. The company’s activities cover the construction, motor industry, farming and domestic sectors. The company accepts insurable risks within its product portfolio from clients, and using established techniques spreads the risks and pays for economic loss sustained when a loss materialises. In order to reduce the potential exposure to any risk, Zimnat Lion in turn insures with reinsurers and in the event of a claim, the reinsurers participate in the claim in the same proportion they received premiums.

Zimnat Lion offers the following short term insurance products:

• Motor insurance;
• Industrial insurance;
• Domestic insurance;
• Bonds and guarantees and
• Risk management and alternative risk financing.

Zimnat Lion operates from four branches located countrywide.

Corporate Governance

Zimnat Lion’s board of directors and senior management are as follows:

• Nyajeka, Bothwell - Chairman
• Sachak, Mustafa - Group Chief Executive
• Gapara, Victo - Non-Executive Director
• Mutambwa, Priscilla - Non-Executive Director
• Chagonda, Innocent - Non-Executive Director
• Patel, Sanjey - Non-Executive Director
• Thorn, Cecil B - Non-Executive Director
• O'Malley, Romany - Non-Executive Director
• E Moyo - Non- Executive Director
• S Naik - Non - Executive Director

Postal Address:

Zimnat Lion Insurance Company Limited
P. Box CY 1155
Causeway
Harare
Zimbabwe

Physical Address:

Zimnat House
Corner Nelson Mandela Avenue / Third Street
Harare

Telephone numbers

+263 (04) 701176 or 707581-6
Toll Free: 08004241

Fax numbers +263 (04) 793441

E-mail: info@zimnat.co.zw

Web Page http://www.zimnatlion.co.zw

Zimnat is one of the more valuable life assurance companies in Zimbabwe.

Zimnat Life is a 100% owned subsidiary of Freecor Holdings Ltd, which in turn is wholly owned by TA Holdings Ltd and sells life insurance products in Zimbabwe under the Zimnat Life brand. Zimnat Life later diversified into asset management by establishing a self-standing asset management firm – Zimnat Asset Managers in 1999. Zimnat later invested as well in Sovereign Health Company Limited, which does administration for medical aid societies.

Zimnat Life has 100% interest in Zimnat Investment Corporation, Zimnat Property and Zimnat Asset Management.
Zimnat Investment Corporation is the entity through which Zimnat Life holds and trades in equity investments.
Zimnat Property houses and trades Zimnat Life’s property investments.
Zimnat Asset Management undertakes the asset management function on an agency and proprietary basis.
Zimnat Life aims to provide high-quality and competitive life insurance, pensions, annuities, health care and financial services products designed to help its clients create, preserve and transfer wealth so that they continuously improve their lifestyles and meet their business needs.

Zimnat Life offers a full range of insurance products covering life and pensions. The company’s products are targeted at individuals, groups and businesses.

Nature of business

Zimnat Life provides life assurance, pension and asset management services to a wide range of individual and corporate clients in Zimbabwe. The company’s products and services are classified under the following categories – Individual Business (Unit Linked Products, Endowment Policies and Whole Life) and Group Business (Group Pension Schemes, Credit Life and Group Life Assurance).
Zimnat Life has reassurance treaties with Zimbabwe Reinsurance Corporation Limited for individual business. The individual life business is targeted at individuals within both the formal and informal sectors while the bulk of the employee benefits business is derived from the formal sector. The key marketing strategy used by Zimnat Life is product differentiation.

Zimnat Life operates from two branches located in Harare and Bulawayo

Corporate Governance

Zimnat Life’s board of directors comprises of:

• Nyajeka Bothwell – (Chairman
• Javangwe Munyaradzi – (Managing Director
• Thorn C.B. - Non Executive Director
• Rukuni M Prof - Non Executive Director
• Karombo M - Non Executive Director
• Sachak M - Executive Director
• Ebrahim Justice E - Non Executive Director
• Bhadhella H A G - Non Executive Director
• Patel S - Non Ececutive Director
• Makoni F - Non executive Director
• Mungwariri E - Non Executive Director

Postal Address:

Zimnat Life Assurance Company Limited
Box 2417
Harare
Zimbabwe

Physical Address:

Zimnat House
Corner Nelson Mandela Avenue / Third Street
Harare

Telephone numbers: +263 (04) 707591-5 or 707581-5 or 701176-93
E-mail: marketing@zimnat.co.zw
Web Page: http://www.zimnatlife.co.zw

Aon Zimbabwe (Pvt) Ltd (formerly Minet) was formed in December 1947 and has grown to become the country’s largest risk consultancy and insurance broking organisation with branches in Harare and Bulawayo. TA Holdings Ltd owns a 30.3% stake in Aon Zimbabwe since 1976.

Today the Risk Services Division (Retail Broking) handles an estimated 25% of all Zimbabwe”s short term insurance business, which represents almost 40% of the broker-controlled market. The division controls the insurance portfolios of 50% of the companies listed on the Zimbabwe Stock Exchange.

Aon Select looks after the personal insurance needs of the community. It provides expert Risk Management Consultancy services to a considerable number of the leading corporate and industrial companies in the country. The Employee Benefits Division, the largest of its type in the country, is a leader in the field of pension fund administraion and consultancy. The Employee Benefits Division is complemented by an in-house Actuarial Department operating under the name QED Actuaries & Consultants. The Reinsurance Broking Division deals with the treaty and consultancy work for the majority of Zimbabwe”s registered insurers.

Corporate Governance

Aon's board of directors comprises of:

• Mutasa, Shingai - Chairman
• Mutangadura, S (Ms) - Managing Director
• Kooijman, R - Non-Executive Director
• Mazimbe, M - Non-Executive Director
• Katsande, K -Non-Executive Director
• Nyajeka, BP- Non-Executive Director
• Roux, A - Non-Executive Director
• Fagan G - Non-Executive Director
• Hutchson S - Non-Executive Director

Postal Address:

Aon Zimbabwe (Pvt) Ltd
Box 3791
Harare
Zimbabwe

Physical Address:

AON House
Northridge Park
Borrowdale
Harare

Telephone numbers: +263 (04) 883692-9 or 850922/36 or 883877-80
E-mail: aonzw@aon.co.zw
Web Page: http://www.aon.com
 

Grand Re is a wholly owned subsidiary of TA Holdings. It is part of a bigger insurance group and enjoys the stability and security offered by this association of companies with a wealth of experience in insurance.

Grand Re has a strong balance sheet and is backed by a strong holding company. The management team has a wealth of experience and internationally recognized qualifications. Market acceptance of Grand Re has grown as evidenced by the increase in treaty participants by the end of 2007.

Grand Re provides cover for Treaty Programmes (Proportional and Non Proportional) and Facultative Reinsurance.
Products covered include:

• Fire
• Contractors Risk
• Engineering: Boilers, Plant & Machinery, Electronic Equipment
• Marine: Cargo and Hull
• Agriculture
• Travel Insurance
• Motor: Fleet, Individual Cars, Buses, Commercial vehicles
• Accidental Risks/Casualty: Professional Liability, Products Liability, General Liability, Glass, Theft, Burglary, Tenants Liability, Money, Fidelity Guarantee, Defective Workmanship, Transit, Directors and Officers Liability and Umbrella Liability.

Corporate Governance

Grand Re’s board of directors comprises of:

• Mr. BP, Nyajeka - Chairman
• Mr. O. Matingo – Managing Director
• Mr. M. Sachak – Non-Executive Director
• Mr. CB Thorn – Non-Executive Director
• Mr. P. Masamba – Non-Executive Director
• Mr. L Magorimbo - Non-Executive Director
• Mr. J Vaghmaria - Non-Executive Director
• Mr. G Farquharson - Non Executive Director

Contact details

Grand Reinsurance
AON House
Northridge Park
Borrowdale
HARARE

Tel: +263 4 852039/44
Fax: +263 4 852045
Email: matingo@lionre.co.zw, madziviret@lionre.co.zw, dzimunwea@lionre.co.zw
 

Core Business

Sovereign Health's core business is health care financing and risk management, which, in short, involves provision of professional medical aid administration and management services.

Generation Health is a 'new generation' medical fund, which, whilst providing comprehensive medical cover, also guarantees individual choice and flexibility. Launched on 1 December 2000 with a refreshingly different product profile, the need then to 'shake the tree' and position for inevitable change was clearly evident. Since then the Fund has registered paced growth drawing from an impressive array of corporates across the business divide to small businesses and individuals. For those in sync with the changing environment, Generation Health has become the healthcare insurer of choice.

In view of the dexterity of its systems, through Independent Fund Management Contracting, Sovereign is also capable of providing independent fund management services to funds who may wish to retain their autonomy but lack motivation, possibly on account of their sizes and prohibitive costs, to acquire and maintain their own IT systems and professional staff.

Contact Details

2nd Floor
Zimnat House
Nelson Mandela Av/3rd Street
HARARE

Tel: +263 4 793428/498/487
Fax: +263 4 790700

Toll Free Number: 0801 2222235

Web Page http://www.sovhealth.co.zw

Zimnat Lion Insurance was awarded the management contract, providing the technical expertise, strategy and management to BIC. TA has a 62.5% shareholding in BIC.

Following this tremendous development, BIC aspires to be the insurer of first choice in the market it operates in and to also provide services that surpass the expectations of its clientele.

The company has two branches located in Gaborone and Francistown. The former, which is situated at the head office at the Fairgrounds, caters for the region south of Mahalapye and the latter, which is situated on St. Patricks Street, caters for the northern part of the country.

Board of Directors

Botswana Insurance Company's Board of Directors consists of:

• Mutasa, SS - Chairman
• Nganunu, D - Managing Director
• Maphanyane, EM - Non-Executive Director
• Khupe, L - Non-Executive Director
• Kupe, G - Non-Executive Director
• Nyajeka, BP - Non-Executive Director
• Shah M - Non-Executive Director
• O'Malley O - Non-Executive Director

Postal Address:

P. O Box 715
Gaborone

P.O. Box 451
Francistown

Physical Address:

Botswana Insurance House
Plot 50372
Gaborone Bus Park

Gaborone Showgrounds
Gaborone
Botswana

Botswana Insurance House
5 St Patric Street
Francistown
Botswana

Telephone numbers:

+267 3600500 (Gaborone)
+27 397 2867 (Gaborone)
+267 241 3623 (Francistown)
+27 241 2291 (Francistown)

E-mail: enquiries@bic.co.bw

Web Page: http://www.bic.co.bw

LAC focuses on the corporate, commercial and personal markets. The corporate business division, supported by various underwriting managers, assist brokers in designing a complete range of tailor-made insurance products and LAC is the leading provider of horticultural and loan protection insurance products.

LAC was recapitalised In January 2006 to the tune of $7 billion making it the second most capitalized short-term insurer in the Uganda. The underlying rationale of recapitalisation was to enhance the policyholder security through strengthened balance sheet while at the same time enhancing the underwriting capacity and the service delivery of the company. This transaction effectively made Lion Assurance a subsidiary of Botswana Insurance Company with an 86% shareholding creating value for clients through an increased group balance sheet and the technical and financial expertise of the holding company and related sister companies.

LAC offers the following short term insurance products:

• Motor insurance;
• Fire and allied perils insurance;
• Engineering and related insurance;
• Household insurance;
• Miscellaneous and accidents
• Marine insurance
• Alternative risk transfer
• Bonds and Guarantees

Corporate Governance

LAC’s board of directors comprises of:

• Kavuma,Owek Godfrey - Chairman
• Alande G - Managing Director
• Karuhanga, Hannington - Non-Executive Director
• Kibirige, Henry -Non-Executive Director
• Dr Mwine, Frank - Non-Executive Director
• Khupe, Lawrence -Non-Executive Director
• Mamvura D - Non-Executive Director
• Thorn C B - Non-Executive Director
• Wamala G - Non-Executive Director

Postal Address:

Lion Assurance Company Ltd
12th Floor, Crested Towers
P.O Box 7658
Kampala
Uganda

Physical Address:

Lion Assurance Company Ltd
12th Floor, Crested Towers
Uganda

Telephone numbers: +256 (414) 341450
Fax: +256 (312) 257027

E-mail: insure@lion.co.ug

ZAM commenced its Unit Trusts and Fund Management business in 2001 following receipt of an operating license from the Registrar of Collective Investment Schemes. Since then, ZAM has evolved into a reputable Asset Management Company managing the investment portfolios of significant number of pension funds, insurance companies and brokers, medical aid funds, small and large corporates, and private individuals.

Corporate Governance

Zimnat Asset Management’s board of directors comprises of:

• Manhambara G TNyajeka Bothwell – (Chairman)
• Nyajeka, Bothwell – Non-Executive Director
• Mandaza D L - Non Executive Director
• Mparutsa A A  - Non Executive Director

Contact Details:

Tel: 701176/95
Fax: 727415
Email: wealthmanagers@zimnat.co.zw