Simon Blaimu Chapereka was a Zimbabwean chartered accountant and business executive. He was the managing director at Fidelity Life Assurance of Zimbabwe at the time of his death in October 2016.

Simon Chapereka
Fidelity-MD-Simon-Chapereka.jpg
Born Simon Blaimu Chapereka
May 15, 1962
Died October 9, 2016 (aged 54)
Education University of Zimbabwe
Occupation
  • Managing Director
Employer Fidelity Life Assurance Zimbabwe
Spouse(s) Rush Chapereka
Children Munyaradzi, Nyasha, Vimbai

Contents

Education

Chapereka was a Chartered Accountant who held an Honours Degree in Business Studies from the University of Zimbabwe and a Masters degree in Business Administration from the same university. He was also an Associate Member of the Institute of Chartered Secretaries and a Chartered Management Accountant.[1]

Career

Chapereka’s career started in 1985 when he joined Apex Corporation as a trainee manager. He then worked as an accountant for various companies and joined Fidelity Life in January 2000 as general manager in the finance and administration department. He moved to Fidelity Life Asset Management as Acting Managing Director in July 2001. He was appointed Chief Financial Officer of Zimre Holdings Limited in July 2001.[2][1] Chapereka took over as managing director of Fidelity Life Assurance of Zimbabwe from Solomon Tembo in 2003.

Suspension As Managing Director of Fidelity

In April 2016, Chapereka together with finance director German Mushoma were suspended following a probe by the Insurance and Pensions Commission into various allege corporate governance violations. Chapereka was been accused of amassing no less than 12 residential stands at Fidelity's Manresa and Harare South projects as well as advancing himself hefty loans which he failed to service adequately.[3]

The Insurance and Pensions Commission appointed KPMG Chartered Accountants to conduct a forensic audit to clarify matters relating to business operations and allegations of corporate governance malpractices at the company. The audit which began in April 2016 extended to August 2016.[4]

Death

Chapereka died on October 9, 2016. He collapsed at a fun run fund-raising activity held under the banner, Pharmacist Against Drug Abuse (PADA) in collaboration with the Pharmaceutical Society of Zimbabwe. He died while he was still under suspension from Fidelity Life Assurance.

References

  1. 1.0 1.1 , Our People, Fidelity Life Assurance of Zimbabwe, published: No Date Given, retrieved: June 20, 2016
  2. , Meet Fidelity Life Assurance's Chapereka, Zimbabwe Independent, published: August 3, 2012, retrieved: June 20, 2016
  3. , Fidelity bosses suspended, Daily News, published: April 9, 2016 , retrieved: June 20, 2016
  4. , Darlington Musarurwa and Alfred Moyo, Stinging charge sheet for Fidelity bosses, The Sunday Mail, published: June 19, 2016, retrieved: June 20, 2016