CABS is an established and strong brand name in the financial retail market in Zimbabwe. The Society offers a diverse range of financial products and services that includes transaction and savings accounts, mobile banking, mortgage loans, money market investments, term deposits and pay-roll loans.
These are delivered through the largest branch network in the country which is linked to CABS on-line real time banking system.
Our Stakeholders
CABS is a subsidiary of Old Mutual Zimbabwe, Zimbabwe's largest life assurance organization. Old Mutual Zimbabwe is in turn a subsidiary of Old Mutual PLC - an international financial services conglomerate.
Corporate Governance
CABS is committed to the practice and maintenance of the highest standards of corporate governance. To this end CABS works within the framework of the Combined Code on Corporate Governance and Best Practice implemented through the offices of the Board of Directors.
The Board, consisting of both executive and non-executive directors, monitors financial and operational performance through regular meetings.
Through the disciplined implementation of internal controls and systems, CABS ensures accountability and accuracy in the preparation and presentation of its financial statements. In addition, internal and external committees meet regularly to monitor and report on a number of issues deemed to be in the interests of sound corporate governance.
These include, an Independent Board Audit Committee, a Board Loans Review Committee, Board Credit Committee, a Board Risk & Compliance Committee, an Executive Committee (EXCO), an Asset & Liability Committee and a Management Credit Committee.
Vision
'We will be a world class provider of secure, innovative and profitable financial services delivered by motivated staff for delighted clients'.
Global Credit Rating
The following report provides a synopsis of CABS credit rating as prepared by Global Credit Rating Co.
| Rated Entity | Rating Class | Rating Scale | Rating | Outlook/Watch |
| Central Africa Building Society |
Long Term Issuer Short Term Issuer |
National National |
A+[ZW] A1[ZW] |
Evolving Outlook |
Rating rationale
The rating is based on the following key factors:
- The Society’s established brand and leading market position in Zimbabwe, coupled with the strong ties and ability to leverage off its parent was favorably considered.
- CABS remains well capitalized, receiving strong financial backing and support from Old Mutual Zimbabwe.
Board of Directors
| Name of Director | Designation |
| Joshua Tapambgwa | Chairman |
| Mehluli Mpofu | Managing Director |
| Cecil Ndoro | Deputy Managing Director |
| Valerie Muyambo | Chief Finance Officer |
| Munyaradzi Dube | Independent Non-Executive Director |
| Warren Gillwald | Independent Non-Executive Director |
| Samuel Matsekete | Non-Executive Director |
| Joshua Tapambgwa | Independent Non-Executive Director |
|
Tracey Mutaviri
|
Independent Non-Executive Director |
|
Duduzile Shinya
|
Independent Non-Executive Director |
|
Samuel Hosack
|
Independent Non-Executive Director |
Senior Management
| Name | Position |
| Mehluli Mpofu | Managing Director |
| Cecil Ndoro | Deputy Managing Director |
| Valerie Muyambo | Chief Finance Officer |
|
Rufaro Samhungu
|
Human Capital Executive |
| Fungai Kambarami | Head – Risk |
| John Chipunza | Head – Operations |
| Paul Kudakwashe | Head – Credit |
|
Farirayi Machawira
|
Head – Compliance
|
|
Samson Manyoni
|
Head – CABS Custodial Services
|
| Brian Gumbo |
Head – Treasury
|
|
Tagarira Mutenga
|
Chief Internal Auditor
|
|
Hardlife Nharingo
|
Group Company Secretary
|
|
Takudzwa Muzvidzwa
|
Group ICT Executive
|
|
Lindiwe Thebethebe
|
Marketing Executive
|
|
Benjamin Sithole
|
General Manager Commercial Services
|
|
Charity Zvokuomba
|
Head – Retail Banking
|
|
Irvine Masona
|
Head – Digital Banking
|
Corporate Social Responsibility
CABS is mindful of the community in which it operates and has made corporate social responsibility an integral part of the business. To this end CABS is involved in a number of activities that uplift the livelihoods of many within the Zimbabwean communities. These include:
- Community
- Education
- Arts and Culture
- Sport
Careers
Currently there are no job openings, follow the news on the latest vacancies available at CABS.
Financial Overview
Old Mutual
ABOUT OLD MUTUAL
Old Mutual is a diversified international financial services group listed on the stock exchange in London, South Africa, Malawi, Namibia and Zimbabwe. 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. Old Mutual has solid foundations established on one core promise: the commitment to always deliver value to its clients.
Old Mutual Zimbabwe offers services to Zimbabwe-based clients via a focused range of products including Life Assurance, Asset Management, Unit Trusts, Property Development and Management, Short-term Insurance and Banking Services. Clients include most of the large local institutions and the major multinationals represented in Zimbabwe as well as individuals. Old Mutual has conducted business in Zimbabwe for over 110 years.
What we do
Old Mutual Zimbabwe provides financial solutions to individuals, small and medium-sized businesses, corporates and institutions.
Savings and Protection
Innovative life assurance based product solutions, addressing both protection and savings needs, as well as short term insurance solutions through Old Mutual Insure.
Investment
Growing our customers’ savings and wealth, whether through active and direct asset management through the Old Mutual Investment Group or the selection of funds for customers to invest in through multi-managers.
More information