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Zimbabwe's new labour and patriotic laws are bad for business and rights to protest
Amendments to Zimbabwe's labour and criminal law codification to include what is popularly known as the Patriotic Act have been described as bad for business and workers' rights to protest under Presi...Published: 18 Jul 2023 at 06:18hrs | 15 | by Staff reporter
Barclays Zimbabwe name change comes into effect
BARCLAYS Bank of Zimbabwe Limited shareholders have approved the change of the name of the company to First Capital Bank Limited effective today, on the Zimbabwe Stock Exchange. The decision w...Published: 08 Oct 2018 at 06:22hrs | 3 | by Staff reporter
Mnangagwa's game-changing appointments
Zimbabwe is poised for massive economic take-off following the appointment of a confidence-inspiring Cabinet and permanent secretaries, experts have said.President Mnangagwa's Cabinet, already...Published: 23 Sep 2018 at 08:46hrs | 2 | by Staff reporter
ABSA bank set to seize James Makamba's mansion
Top Mugabe ally owes Absa $4.5-million for home loan, credit cards and car paymentsJames Makamba's sprawling Johannesburg property could soon be confiscated by Absa bank to recover a $4.5-mill...Published: 11 Jun 2018 at 11:40hrs | | by Staff reporter
Barclays Zimbabwe to operate under dual brand by October
BARCLAYS Bank of Zimbabwe is reportedly going to start operating under a dual brand by October 2018. This follows its acquisition by FMB Malawi in 2017 (last year).According to The Source,...Published: 04 Jun 2018 at 07:09hrs | | by Staff Reporter
Malawian Bank completes acquisition of majority stake in Barclays Zimbabwe
MALAWI Stock Exchange listed FMB Capital Holdings has completed the acquisition of a majority stake in Barclays Bank Zimbabwe after receiving approvals for all regulatory requirements. This gives FMBC...Published: 16 Oct 2017 at 06:20hrs | 1 | by Staff reporter
To make Zimbabwe great again: bring back the full fat milk, french toast and wild honey
I absolutely loved the 7 years I spent learning at Hallingbury Primary School in Harare. One particular delight I enjoyed indulging in back then still warms my soul: drinking full fat fresh milk. The ...Published: 07 Jul 2017 at 12:34hrs | 2 | by Tafi Mhaka
'Barclays workers have right to challenge sale'
LEGAL experts have said Barclays Bank Zimbabwe's workers have a right to challenge the sale of the country's unit to First Merchant Bank of Malawi but admit the matter is "complex".The disposa...Published: 20 Jun 2017 at 06:50hrs | | by Staff reporter
'Standard Chartered Bank won't exit Zimbabwe'
The country's oldest banking institution, Standard Chartered Bank Zimbabwe has said it is here to stay and will not exit the market anytime soon.StanChart CEO Ralph Watungwa told guests at the...Published: 18 Jun 2017 at 10:21hrs | 1 | by Staff reporter
Opposition to the sale of Barclays Bank Zimbabwe continues to grow
THE Affirmative Action Group (AAG), the local empowerment lobby group, has added its voice opposing the sale of Barclays Bank Zimbabwe to First Merchant Bank.The AAG said it will lobby the hig...Published: 13 Jun 2017 at 14:19hrs | 2 | by Staff Reporter
Barclays Zimbabwe managers lobby Mugabe govt to block bank sale
A GROUP of Barclays Bank low-level managers have petitioned the Government not to approve the takeover of Barclays Bank Zimbabwe by First Merchant Bank (FMB) of Malawi, alleging that the deal violated...Published: 13 Jun 2017 at 06:49hrs | | by Staff reporter
RBZ will not reverse Barclays Zimbabwe sale
THE RESERVE Bank of Zimbabwe will not bow down to pressure from Zanu-PF and other campaigners seeking to have the sale of Barclays Zimbabwe to FMB reversed as the apex bank is merely a regulator....Published: 12 Jun 2017 at 16:54hrs | 2 | by Staff reporter
Mugabe speaks out against white monopoly capital in South Africa
President Robert Mugabe - who said on Friday he was opposed to white farmers returning to commercial land in the country - wants President Jacob Zuma's ruling ANC to deal with white capital that still...Published: 03 Jun 2017 at 11:27hrs | | by Staff reporter
Sale of Barclays exposes MUgabe's indigenisation hypocrisy
The imminent acquisition of Barclays Bank Zimbabwe by a Malawian bank, First Merchant Bank as widely reported is both curious and depressing. Curious in that indigenisation has been a political mantra...Published: 02 Jun 2017 at 08:48hrs | 2 | by Moses Chamboko
Malawian bank eyes Barclays Bank Zimbabwe
Malawian banking group First Merchant Bank (FMB) is in talks with Barclays PLC to buy its Zimbabwean unit.Last year, Barclays PLC downgraded Barclays Zimbabwe to its non-core division with an ...Published: 29 Mar 2017 at 06:59hrs | | by Staff reporter
Investment summit on Zimbabwe to be held in Johannesburg
The 2nd Financial Markets Indaba, an investment summit on Zimbabwe is taking place on the 27th of October 2016 at the Hilton Hotel in Sandton, Johannesburg.With +20 C-suite speakers from South...Published: 17 Oct 2016 at 08:38hrs | 3 | by Business Reporter
Liquidity shortages force people to open bank accounts
Ongoing cash shortages in Zimbabwe are forcing many companies which used to pay their employees in cash to resort to bank deposits.Like individuals, companies are now accessing very little...Published: 21 Aug 2016 at 09:36hrs | 1 | by Staff reporter
RBZ chief says multi-currency system dysfunctional
THE Reserve Bank of Zimbabwe (RBZ) yesterday conceded that the multi-currency system adopted in 2009 was effectively dysfunctional with the economy trading solely in the United States dollar, which ha...Published: 01 Jun 2016 at 06:54hrs | 1 | by Staff reporter
Excessive imports cause cash crisis: Barclays Zimbabwe
ZIMBABWE'S liquidity crisis is being primarily caused by excessive spending on imports, creating an unsustainable economic environment, a senior banker has said.According to data released ...Published: 09 May 2016 at 06:32hrs | | by Agencies
WhatsApp hoax targets Barclays Zimbabwe depositors
Banking group Barclays has lashed out at a hoax WhatsApp message that is advising Zimbabwe depositors to withdraw their money, ...Published: 15 Mar 2016 at 10:34hrs | | by Staff reporter
US: Country without a skin
I HAVE always been struck by how local sayings often betray an advanced scientific sensibility traceable to our so-called 'non-scientific' forebears. All this against rooted allegations of pre-scienti...Published: 12 Mar 2016 at 15:18hrs | 1 | by Nathaniel Manheru
Barclays Zimbabwe scramble to contain a potential run by depositors
Barclays Zimbabwe on Tuesday scrambled to contain a potential run by depositors, after its parent company Barclays announced it is moving out of the country while also disposing of its 62.3% stake in ...Published: 01 Mar 2016 at 12:18hrs | | by Staff reporter
Barclays Africa hastens talks to buy Barclays Zimbabwe
Barclays Africa Group said talks to buy its parent company's operations in Egypt and Zimbabwe have been accelerated following management changes at Barclays."Our ambition is to do the acq...Published: 29 Jul 2015 at 13:10hrs | | by Agencies
Barclays Zimbabwe launches 'Cashsend Craze Campaign'
Barclays Zimbabwe has launched a campaign to send money for free to recipients in Zimbabwe through the ATM. The "Cashsend Craze Campaign" that will run until the September 30 2014 is aime...Published: 21 Jul 2014 at 07:04hrs | 2 | by Staff reporter
$22,8 million worth of ZSE shares unclaimed
The Securities and Exchange Commission (SECZ) says shares valued at $22,8 million on the Zimbabwe Stock Exchange have remained unclaimed as at March 31 2014.In a statement, SECZ chief executiv...Published: 28 Apr 2014 at 17:31hrs | | by Staff reporter
Barclays Zimbabwe launches card-less ATM
Barclays Bank Zimbabwe recently launched Cashsend, a simple money transfer solution that enables a Barclays customer with any Barclays debit card to send money to anyone in Zimbabwe. The recipient red...Published: 22 May 2013 at 03:56hrs | | by Business reporter
Barclays Zimbabwe launches state of the art ATMs
BARCLAYS Zimbabwe has launched state of the art, Automated Teller Machines (ATM) that provides customers with enhanced security and a pleasant transactional experience.The new Barclays ATMs a...Published: 09 Apr 2013 at 13:37hrs | | by Business reporter
Barclays Zimbabwe maintains conservative book
Barclays Chief Executive (CE) George Guvamatanga started his presentation last Thursday by emphasising that the bank considers itself a local bank. He drew parallels with foreigners who live in a cou...Published: 02 Apr 2013 at 08:46hrs | | by Business reporter
Barclays Africa executive set to meet Saviour Kasukuwere
A SENIOR Barclays Africa executive is set to jet into the country next week to meet with Indigenisation minister Saviour Kasukuwere to chart the course on how the financial conglomerate's local operat...Published: 23 Mar 2013 at 16:44hrs | | by Staff reporter
Barclays Zimbabwe reports improved results for 2011
Barclays Bank of Zimbabwe reported a profit of $1.4 million for 2011 after a loss the previous year, Chief Financial Officer Sam Matsekete said.The bank received $7.7 million in "special supp...Published: 29 Feb 2012 at 14:52hrs | 2 | by Bloomberg
Credit bubble hits economy
According to FinGaz Business Editor, Munyaradzi Mugowo's publication on Friday (13 May 2011) Zimbabwe's banking sector, dormant in the first 18 months of dollarisation, has snapped back with an insati...Published: 06 Jun 2011 at 06:57hrs | 2 | by Munyaradzi Mugowo
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