M&S Syndicate is a holdings company owned by Zimbabwe African National Union Patriotic Front (Zanu-PF) political party. It is one of the two main holding companies owned by the party, the other being ZIDCO. M&S Syndicate is said to have been chaired Emmerson Mnangagwa until the end of 1990.
In 2006, it was reported that Zanu PF had formed shelf companies to warehouse its shares in a bid to evade the sanctions against the party by the USA and European union.
- Southern Africa Reinsurance (Sare)