Search / Bankers
Mugabe never accounted billions to build Blue Roof, talents he received and wasted; instead blamed British for everything
Let me say from the on-set that white colonial exploitation of Africa has a lot to answer for why the continent is in the economic and political mess it is today. But this is not say the whites are so...Published: 16 Mar 2023 at 14:11hrs | 740 | by Wilbert Mukori
Obama of Zimbabwean politics will capitalise on voter apathy
LEADER of Democratic Union of Zimbabwe (DUZ), Robert Howard Chapman, is a fascinating man. Sharp and erudite, he has brought an interesting perspective to Zimbabwean politics.He has taken out ...Published: 09 Mar 2023 at 05:23hrs | 485 | by Nevanji Madanhire
Zimbabwe ranked among most corrupt countries, latest survey reveals
ZIMBABWE has been ranked among countries that have high corruption levels by an international transparency organisation.Transparency International ranked Zimbabwe on number 152 out of 180 coun...Published: 01 Feb 2023 at 07:48hrs | 793 | by Staff reporter
FNB of South Africa plus 4 other investors vie for Standard Chartered Bank Zimbabwe?
THE proposed takeover of Standard Chartered Bank Zimbabwe (StanChart), the country's oldest financial institution, has moved a gear up after five prospective investors including local and regional ent...Published: 21 Jan 2023 at 11:25hrs | 1349 | by Staff reporter
Zimbabwe MPs push for wealth tax
LEGISLATORS have urged Finance minister Mthuli Ncube to introduce a wealth tax to increase the country's revenue base and bolster social safety nets.Contributing to debate on the Finance Bill ...Published: 08 Dec 2022 at 05:08hrs | 521 | by Staff reporter
Concerns over Zimdollar depreciation
CHARTERED accountants have expressed concern over the loss of value of the Zimbabwe dollar which is proving a challenge when putting together financial statements.They fear this could lead to ...Published: 02 Dec 2022 at 04:58hrs | 494 | by Staff reporter
Bankers call for more taxes
BANKERS have urged Finance minister Mthuli Ncube to introduce sin-taxes to help grow the country's revenue base.In his presentation at a Parliament post-budget seminar on Monday, Bankers Assoc...Published: 01 Dec 2022 at 04:59hrs | 408 | by Staff reporter
Smaller gold coins trading begins
THE Reserve Bank of Zimbabwe (RBZ) yesterday opened doors for members of the public to walk into any local bank and registered agencies to purchase smaller units of Mosi-oa-Tunya gold coins as an alte...Published: 16 Nov 2022 at 05:13hrs | 636 | by Staff reporter
Zimbabwe starts disbursement of 4 500 small gold coins
THE Reserve Bank of Zimbabwe (RBZ) will tomorrow start disbursing 4 500 smaller units of Zimbabwe's Mosi-oa-Tunya gold coins to banks ahead of planned release of the bullion coins in the market on Tue...Published: 10 Nov 2022 at 04:54hrs | 411 | by Staff reporter
Zimbabwe tycoon set to get US$139 million refund from Bank of Zambia
THE HIGH Court of Zambia has ordered the country's central bank to pay back US$139, 191, 386 seized in 1998 to Zimbabwean business tycoon, Jayesh Shah, and his company Al Shams Building Materials Limi...Published: 30 Sep 2022 at 06:23hrs | 2820 | by Staff reporter
Zimdollar shortage hits the country
ZIMBABWE has been hit by Zimdollar shortages, a situation that has resulted in long-winding queues resurfacing at banks throughout the country.Of late, banks have been disbursing less than $5 ...Published: 22 Sep 2022 at 06:04hrs | 1250 | by Staff reporter
BCC, TTI reviews parking model with immediate effect
Motorists will now be able to transfer their paid parking time to different parking bays after the City of Bulawayo and Tendy Three Investments Private Limited (TTI) reviewed the smart parking p...Published: 10 Aug 2022 at 18:26hrs | 1082 | by Staff reporter
Zimbabwe banks run out of gold coins
DEMAND for the new Zimbabwean gold coins has been overwhelming and banks have been inundated by their corporate and individual customers seeking a legal and sensible way of preserving value.Th...Published: 01 Aug 2022 at 06:35hrs | 7196 | by Staff reporter
Zimbabwe gold coin out today
The Reserve Bank of Zimbabwe (RBZ) will release the Mosi-oa-Tunya gold coins onto the market today and they will be sold in local currency, US$ and other foreign currencies.Their price is base...Published: 25 Jul 2022 at 06:27hrs | 1000 | by Staff reporter
RBZ dismisses gold coin rumours
The Reserve Bank of Zimbabwe on Thursday dismissed as "fake news", social media content alleging that gold coins were already available ahead of their official release date.The central bank an...Published: 07 Jul 2022 at 20:13hrs | 1378 | by Staff reporter
Cost of Zimbabwe gold coins to be based on international prices
THE Reserve Bank of Zimbabwe (RBZ) is set to commence the trading of gold coins this month in a bid to introduce an alternative store of value in the market amid optimism that the coins will impact th...Published: 05 Jul 2022 at 21:06hrs | 784 | by Staff reporter
Nigel Chanakira, please leave politics to politicians
Nigel Chanakira, please leave politics to politicians-no single individual, group, or political party can fight an entrenched dictator alone. One of the requirements of regime change is Unity of Oppos...Published: 28 Jun 2022 at 14:44hrs | 5133 | by Sam Wezhira
Zanu PF anti-western rhetoric is but a tacit admission they are not masters in their own home and never were!
Zimbabwe gain her independence back in 1980, marking the end of white colonial rule. But to listen to the anti-Western rhetoric from the country's ruling elite one would be forgiven to believe the whi...Published: 25 Jun 2022 at 14:24hrs | 339 | by Nomusa Garikai
Chamisa says his policies will guarantee certainty
OPPOSITION Citizens Coalition for Change (CCC) leader Nelson Chamisa said his party will prioritise fighting corruption as part of measures to restore economic stability in the country.In a se...Published: 23 Jun 2022 at 06:47hrs | 407 | by Staff reporter
Chamisa outlines rapid and accelerated economic transformation plan
The CITIZENS government will come up with policy framework and turnaround strategy which among others includes the following:Develop demand driven policies informed by inclusive policies and i...Published: 21 Jun 2022 at 19:54hrs | 699 | by Nelson Chamisa
FULL TEXT: Nelson Chamisa's address to the nation
The CITIZENS government will come up with policy framework and turnaround strategy which among others includes the following:Develop demand driven policies informed by inclusive policies and i...Published: 21 Jun 2022 at 12:57hrs | 2950 | by Nelson Chamisa
Bankers endorse central bank currency auction
BANKERS have endorsed government's foreign currency auction system, describing it as transparent given the prevailing economic situation.Giving oral evidence before the Parliamentary Portfolio...Published: 21 Jun 2022 at 06:41hrs | 383 | by Staff reporter
RBZ clears foreign currency auction backlog
THE backlog at the foreign currency auction run by the Reserve Bank of Zimbabwe has now been cleared with all allotments made by the end of last month now fully funded and all successful bidders since...Published: 21 Jun 2022 at 06:36hrs | 245 | by Staff reporter
The death of the Zimdollar shows the King has no clothes
The death of the Zimbabwe dollar is proof that with all our education, there is something terribly rotten in Simbao (ancient name for Zimbabwe).I want to make an apology to Sister Fay Chun...Published: 05 Jun 2022 at 09:16hrs | 1191 | by Kenneth Mufuka
Mnangagwa Davos trip a useless exercise
PRESIDENT Emmerson Mnangagwa's trip to Davos, Switzerland for the World Economic Forum (WEF) presents a platform to re-engage with the international community but that opportunity looks lost due to th...Published: 27 May 2022 at 20:17hrs | 1300 | by Staff reporter
Blame game between govt, banks reaches tipping point
A NIGHT of long knives beckons for banks after Finance minister Mthuli Ncube accused them of driving the parallel market rate up, causing the sharp tumbling of the local currency.President Emm...Published: 23 May 2022 at 06:42hrs | 1321 | by Staff reporter
Mnangagwa guns for economic hitmen
PRESIDENT Emmerson Mnangagwa's administration has launched a massive clampdown on some big corporates suspected of conniving with local banks to borrow billions of Zimbabwean dollars which they used t...Published: 13 May 2022 at 19:14hrs | 399 | by Staff reporter
Chamisa blames Mnangagwa
PRESIDENT Emmerson Mnangagwa is being haunted by the 2018 legitimacy crisis that has seen the economy imploding and plunging the country into chaos, opposition Citizens' Coalition for Change leader Ne...Published: 13 May 2022 at 19:11hrs | 370 | by Staff reporter
Govt cracks down on speculators
GOVERNMENT is clamping down on big corporates, which borrowed billions of Zimbabwe dollars and used the money for speculative activities while taking advantage of exchange rate movements to push up pr...Published: 13 May 2022 at 19:02hrs | 110 | by Staff reporter
Bank lending freeze targets big corporates enjoying 'arbitrage profits'
HARARE - The Zimbabwe government is clamping down on big corporates which borrowed billions in Zimbabwean dollars and allegedly used the money for speculative activities.Authorities say the co...Published: 13 May 2022 at 14:50hrs | 1475 | by Staff Reporter
'Zimbabwe's ban on bank lending null and void'
LEGAL experts have dismissed President Emmerson Mnangagwa's ban on bank lending as a legal nullity.The ban, meant to stabilise the local currency, was part of a raft of measures announced on S...Published: 11 May 2022 at 09:12hrs | 450 | by Staff reporter
Red flag over murky govt vehicle deals
THE Zimbabwe Anti-Corruption Commission (Zacc) says it will not investigate various cases in which the government, local authorities and parastatals have been prejudiced through the non-delivery of mo...Published: 30 Apr 2022 at 16:25hrs | 908 | by Staff reporter
Temba Mliswa demands report on death of Banker Doug Munatsi
Norton Member of Parliament Temba Mliswa has demanded the report of the investigation that probed the death of Banker Douglas Munatsi who died in November 2021 in a mysterious fire that gutted his apa...Published: 30 Apr 2022 at 15:26hrs | 1203 | by Mandla Ndlovu
Packed programme as ZITF roars to life
THE 62nd edition of the Zimbabwe International Trade Fair (ZITF) begins tomorrow with Kenyan President Uhuru Kenyatta now unable to come for the official opening as earlier scheduled following the dea...Published: 25 Apr 2022 at 08:50hrs | 226 | by Staff reporter
Stanbic posts impressive results for year end 2021
Leading financial services institution, Stanbic Bank has shrugged off the adverse effects of the COVID-19-induced lockdowns to post an inflation adjusted ...Published: 30 Mar 2022 at 08:12hrs | 489 | by Agencies
Debunking mischief about Tagwirei, Sakunda
There has been a sustained casting of aspersions over the success of businessman Mr Kudakwashe Tagwirei, whom I will simply call Kuda, from anti-Zimbabwe media and activists both locally and outside t...Published: 25 Mar 2022 at 05:54hrs | 187 | by Rutendo Bereza Matinyarare
Zimbabwe a country with no coins, US$1 is more useful than US$100
ADRIANA Siwela, a 25-year-old college student in Harare, thought she could dash into a shop for a quick purchase of a US$2 packet of biscuits. But the cashiers sent her away. Her US$20 bill is conside...Published: 23 Feb 2022 at 05:49hrs | 705 | by Staff reporter
CCZ slams 'record breaking' super-profits in sea of poverty
THE Consumer Council of Zimbabwe (CCZ) yesterday slammed business for abetting hardships, saying a significant number of firms accessing cheap foreign currency at the auction market were indexing pric...Published: 17 Feb 2022 at 05:41hrs | 478 | by Staff reporter
Let's stand with banking sector - Shutdown Chinese Mines Exploiting Workers - Union
NMWUZ - National Mine Workers' Union of Zimbabwe President Mr Kurebwa Javangwe Nomboka has said that his organization is in solidarity with striking teach...Published: 12 Feb 2022 at 08:25hrs | 1912 | by Maxwell Teedzai
Over 400 workers lose jobs to bank digitisation
AT least 321 bank workers were retrenched between 2020 and 2021 while a further 119 are set to be laid off this year as the sector embraces digital transformation, amid calls to retrain staff to take ...Published: 11 Feb 2022 at 16:46hrs | 955 | by Staff reporter
Bank deposits jump 30%
Zimbabwe's banking sector registered a 29,79 percent growth in deposits to $476 billion in 2021, latest statistics from the Reserve Bank of Zimbabwe (RBZ) show.This comes as the sector has mai...Published: 11 Feb 2022 at 05:38hrs | 196 | by Staff reporter
Zimbabwe industrialists expose gaps in Mnangagwa's re-engagement push
CALLS for government to get serious with its re-engagement drive have intensified, with industrialists and economists reminding President Emmerson Mnangagwa's administration to avoid building ties wit...Published: 06 Feb 2022 at 06:57hrs | 670 | by Staff reporter
Zimbabwe bank interest lures more deposits
Bank deposits for both foreign and local currencies have gone up significantly after these started attracting interest last year, a top banking industry official said yesterday.Since July, ban...Published: 03 Feb 2022 at 05:32hrs | 255 | by Staff reporter
Zimdollar challenge thrown out
The challenge by a Harare lawyer to invalidate civil penalties imposed on businesses or individuals refusing to accept local currency suffered a stillbirth after the High Court threw out the applicati...Published: 24 Jan 2022 at 05:24hrs | 942 | by Staff reporter
West casts sanctions net wider
LOCAL banks have raised concerns over capitalisation demands by the Reserve Bank of Zimbabwe (RBZ) compelling the financial institutions and deposit-taking micro-financefirms to meet their tar...Published: 21 Jan 2022 at 18:35hrs | 1830 | by Staff reporter
Court throws out challenge to exchange control ammendments
THE High Court has dismissed an application by human rights lawyer Obert Shava, challenging the constitutionality of Statutory Instrument (SI) 127 of 2021 which imposes civil penalties on those found ...Published: 20 Jan 2022 at 05:40hrs | 1115 | by Staff reporter
Mangudya improves in key global central bankers ranking table
RESERVE Bank of Zimbabwe governor John Mangudya has improved in the authoritative global central bankers performance indicators and ranking list by American magazine Global Finance as he graduated wit...Published: 15 Jan 2022 at 15:02hrs | 692 | by Staff reporter
Mangudya ranked worst performing central bank governor in Africa
The Central Banker Report Cards, published annually by Global Finance since 1994, grade the central bank governors of 101 key countries and territories, including the European Union, the Eastern Carib...Published: 12 Jan 2022 at 05:13hrs | 5086 | by Staff reporter
Rogues wreak havoc on forex auction, says RBZ
ZIMBABWE'S foreign currency auction system is under siege from a cartel of rogue local and international companies externalising millions of United States dollars (USD) under a well-orchestrated schem...Published: 07 Jan 2022 at 19:40hrs | 818 | by Staff reporter
Munatsi: A smart distinguished banker
Zimbabwe is witnessing one of the largest outpourings of grief following the tragic loss of Douglas Tawanda Munatsi (‘DTM') on Monday November 29, 2021.It is definitely a tragedy of unspeaka...Published: 05 Dec 2021 at 06:17hrs | 30 | by Muchadeyi Ashton Masunda
Load More Stories
