RBZ to raise minimum capital requirements for microfinance institutions
2013 May 13 | 1849 Views
THE Reserve Bank of Zimbabwe plans to raise minimum capital requirements for microfinance institutions from the present US$25 000 to US$5 million as part of a cocktail of measures the central bank said are aimed at protecting the public.Central Bank Governor, Dr Gideon Gono said the new requirements...by Staff Reporter
Labour Court tells RBZ to pay $9.3 million to former employees
2013 April 24 | 1797 Views
THE Labour Court in Harare has dismissed the Reserve Bank of Zimbabwe (RBZ) appeal against immediate payment of $9,3 million to 472 of its former employees who lost their jobs in a retrenchment exercise carried out by the bank in 2011.The ex-RBZ employees sought recourse after their former employer...by Staff reporter
Zimbabwe's economic recovery hazy, warns Gono
2013 April 03 | 2746 Views
The Reserve Bank of Zimbabwe (RBZ) has that the economy's full recovery remains hazy as long as the country continues to rely on imports of finished products.Addressing the media after the central's bank board held its first quarterly meeting for 2013, RBZ Governor Dr Gideon Gono said the country's...by Staff reporter
Gono cancels Barbican Bank licence
2013 March 03 | 3450 Views
THE Reserve Bank of Zimbabwe (RBZ) has cancelled the registration of Barbican Bank after it failed to commence banking business within the required time frame, the apex bank said on Friday.In a notice, RBZ said it had taken the move after the Ministry of Finance upheld its decision to cancel the re...by Business reporter
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iBlogs
Drug Dealer's Crazy Excuse To Dodge Jail
Crazy stuff indeed, a cannabis 26-year-old cannabis dealer is said to have told the court that he used weed to ward off evil spirits that afflicted his three-year-old son.The Herald on Monday reporte...0
