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Nedbank chops off 23 workers
Nedbank Zimbabwe Limited has retrenched 23 workers, including 10 managers, citing a shift in its strategic focus.The workers affected by the compulsory retrenchment exercise, which took effect...Published: 11 Aug 2022 at 06:42hrs | | by Staff reporter
Sanctions: The unfair comparison between Zimbabwe and Rhodesia
MANY Zimbabweans often bring up the comparison between Rhodesian and Zimbabwean sanctions to drive the narrative that Rhodesia had more stringent sanctions that they managed better than Zimbabwe is ma...Published: 11 Jun 2021 at 06:35hrs | | by Rutendo Bereza Matinyarare
Top banker Jinya makes grand return
IT is an appointment that many least expected. But ex-Nedbank managing director (MD) Charity Jinya made a surprise return to the country's banking industry on Saturday after Finance minister Mthuli Nc...Published: 21 Feb 2021 at 21:43hrs | | by Staff reporter
Court freezes car dealer's bank account
High Court judge Justice Sylvia Chirawu-Mugomba has frozen the bank account of car dealer Farai Chiwashira following an application by the National Prosecuting Authority (NPA) which is seeking answers...Published: 23 May 2019 at 06:44hrs | 1 | by Staff reporter
Major forex scam hits Nedbank Zimbabwe
A massive scandal has rocked Nedbank Zimbabwe - a local unit of one of South Africa's largest financial services groups - after 28 employees were nabbed by police for allegedly swindling the financial...Published: 07 Apr 2019 at 08:26hrs | 9 | by Staff reporter
Student nurse jailed 6 years
A 24-YEAR-OLD student nurse at Gweru Provincial Hospital was last week jailed for an effective six years after he squandered $54 000 that was mistakenly deposited into his CABS account.Kelvin ...Published: 09 May 2018 at 07:08hrs | | by Staff reporter
'Nedbank can help Zim economy'
President Mnangagwa says Nedbank Zimbabwe can play a leading role in financing core economic activities in the energy, infrastructure and agriculture sectors.He said this at the launch of Nedb...Published: 22 Apr 2018 at 09:53hrs | | by Staff reporter
Nurse convicted of $54 000 theft
A 24-YEAR-OLD student nurse at Gweru Provincial Hospital was yesterday convicted of theft after he squandered $54 000 that was mistakenly deposited into his CABS account.Kelvin Kutadza, a fina...Published: 13 Apr 2018 at 07:32hrs | 1 | by Staff reporter
Three get $279 000 after bank error
THREE people are in trouble for squandering different amounts of money amounting to nearly $279 000 that was erroneously deposited into their accounts by the Central African Building Society (CABS) fo...Published: 09 Apr 2018 at 07:12hrs | | by Staff reporter
Carry your cross, banks tell 'looters'
BANKERS' Association of Zimbabwe (BAZ) president Charity Jinya absolved banks of any wrongdoing for putting individuals or companies on the externalisers' list, as the concerned parties had ample time...Published: 02 Apr 2018 at 07:17hrs | | by Staff reporter
MBCA to change name to Nedbank Zimbabwe
MBCA Bank, a unit of South Africa's Nedbank Group, has now started the process of changing its name, which was first announced three years ago. The bank will adopt its parent's name, Nedbank.T...Published: 01 Feb 2018 at 13:47hrs | 1 | by Staff reporter
Innscor, Cabs win top Excellence in Corporate Governance Awards
Innscor Africa was the overall listed companies winner of the Excellence in Corporate Governance Awards, while CABS was the overall banking sector winner. The Deposit Protection Corporation was the wi...Published: 30 Nov 2017 at 09:41hrs | | by Agencies
SA bank send some South African employees home from Zimbabwe
are being vigilant over their operations in Zimbabwe after military vehicles descended on the capital of Harare and the army seized power, threatening President Robert Mugabe's 37-year rule.Ne...Published: 15 Nov 2017 at 12:54hrs | | by Staff reporter
Webster Shamu's safari property faces the hammer
SAFARI company, HHK Safaris, reportedly co-owned by former Zanu-PF political commissar Webster Shamu and millionaire Charles Davy, will have its properties, which include vehicles, fridges, animal ski...Published: 23 Aug 2017 at 07:47hrs | | by Staff reporter
+100 indigenous companies collapse in Bulawayo
MORE than 100 indigenously-owned companies in Bulawayo are on the brink of collapse after loans and rentals that they have accrued since dollarisation in 2009 have come back to haunt them with banks a...Published: 02 Jul 2017 at 10:41hrs | 6 | 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 | | by Staff reporter
Zimbabwe banks reject rand adoption
Zimbabwean banks say adopting the South African rand will not help solve the country's economic challenges.Addressing delegates at the two-day Financial Markets Indaba in Harare last week, Bar...Published: 22 May 2017 at 15:24hrs | | by Staff reporter
Tsvangirai's MDC-T backs rand adoption
Morgan Tsvangirai's MDC has said it backs the adoption of the South African rand as the primary currency.In an interview with the Daily News yesterday, MDC shadow finance minister Tapiwa Masha...Published: 28 Apr 2017 at 15:51hrs | | by Staff reporter
Government paid Nikuv International Projects with diamonds revenue
A top government official on Wednesday revealed in court that part of the country's diamond revenue was used to pay companies reportedly linked to Israeli company, Nikuv International Projects....Published: 27 Apr 2017 at 04:44hrs | | by Staff Reporter
Magistrate orders woman to pay back illegally taken $800
A WOMAN from Bulawayo who betrayed the trust bestowed on her by a friend and withdrew $800 from two accounts before squandering the money in violation of a trust agreement, has been given up to We...Published: 11 Apr 2017 at 06:56hrs | | by Staff reporter
EcoCash reduces monthly transaction limit again
MOBILE money service EcoCash has announced a further reduction in the monthly transaction limit under its MasterCard debit card from $500 to $400.In December EcoCash reduced the monthly tr...Published: 13 Feb 2017 at 05:46hrs | | by Staff reporter
Science education - bitter, sweet returns
Whilst enough scorn and ridicule has been peddled on policy inconsistencies in the country, parallels can be drawn from the recent hike in the University of Zimbabwe (UZ) medical students' fees hike, ...Published: 12 Jan 2017 at 09:07hrs | | by Rungano Dzikira
Bank introduce salary based withdrawal limits
A local bank, MBCA has introduced stringent weekly and monthly withdrawal limits that are pegged on clients salaries.Without giving a guide on withdrawals, the bank sent a notice to clients th...Published: 15 Dec 2016 at 16:35hrs | | by Alice Dube
Man placed off remand on illegal cash transfers at MBCA bank
A 33 year old man who was being charged with five counts of illegally transferring money from the MBCA bank ‘s client account to another person has been placed off remand as the state was not yet re...Published: 09 Dec 2016 at 03:45hrs | | by Stephen Jakes
Zimbabweans stampeding to withdraw the newly-introduced bond notes
In an unexpected development, Zimbabweans are stampeding to their banks in large numbers to withdraw the newly-introduced #bondnotes.For the third day running yesterday, stressed banks bat...Published: 01 Dec 2016 at 14:07hrs | 1 | by Staff reporter
CBZ wins all Excellence in Corporate Governance Banking Awards
CBZ Bank took first place in all the Banking Institutions Awards categories of the Excellence in Corporate Governance Banking Awards on Thursday, while its parent company, CBZ Holdings, was among ...Published: 21 Nov 2016 at 06:23hrs | | by MichaeL Hamilton
Will Mugabe come to the rescue?
TWO things that are sure about death are its certainty and finality. Reference is being made to death in the physical sense, not the spiritual side of things.Because of this, many human beings...Published: 27 Oct 2016 at 09:31hrs | | by Cyril Zenda
Bogus bogus borehole drillers
I have known Garikai Mwaruta since the mid of the last decade, when I vigorously started pursuing my dream of drilling a borehole at my rural home in Guruve.Then he was stationed in the upper ...Published: 04 Sep 2016 at 08:44hrs | | by Staff reporter
Supermarkets cash in on currency shortages
CUSTOMERS who wish to access cash from retail shops using the cash-back facility are now required to spend a substantial amount of money on goods to get the money.A survey by Standardbusin...Published: 07 Aug 2016 at 11:05hrs | | by Staff reporter
MBCA launches product tailored to meet needs women
MBCA Bank has launched a product tailored to meet the needs of a diverse group of women in the country. MBCA spokesperson Dedrey Mutimutema said the bank had researched and analysed women's ne...Published: 22 Jul 2016 at 06:01hrs | | by Business Reporter
DPC increases cover limit
The Deposit Protection Corporation has increased its cover limit by 100 percent from $500 to $1 000 per depositor per member bank. According to the company the new limit is effective from June...Published: 19 Jul 2016 at 08:03hrs | | by Staff reporter
SA firms to lose out on Zimbabwe US$ earnings
SOUTH African companies are set to lose out on their US dollar earnings from Zimbabwe after the country's central bank said it will authorise payment of foreign suppliers in their own currencies o...Published: 14 Jun 2016 at 06:44hrs | | by Staff reporter
MBCA opens branch in Gweru
The MBCA Bank, a member of Nedbank Group of South Africa has opened a branch in Gweru.This becomes the third branch that the bank has in the Midlands Province with the other two in Zvishavane ...Published: 07 Jun 2016 at 07:18hrs | | by Staff Reporter
MBCA Bank to open more branches
MBCA Bank is planning to open more branches this year as the banking institution continues to take a long-term strategic view to grow its footprint in the country in preparation for an improvement in ...Published: 27 Jan 2016 at 05:15hrs | | by Business Reporter
South African lender Nedbank expands its footprint in Zimbabwe
South African lender Nedbank is expanding its footprint in Zimbabwe, despite the economic turbulence, which the company is sizing up to determine if it can avail more funding facilities for on-lending...Published: 11 Nov 2015 at 21:29hrs | | by Tawanda Karombo
MBCA ventures into vehicle finance
DULY'S Motors has entered into a partnership with MBCA Bank to offer loans to individuals and companies for the purchase of new vehicles from its branches. Duly's general manager operations-we...Published: 26 Mar 2015 at 07:18hrs | | by Charity Ruzvidzo
Delma Lupepe's fall from glory continues
BULAWAYO businessman Delma Lupepe's fall from glory continues as two of his prime residential properties are set to go under the hammer next week over an outstanding debt to Premier Banking Corporati...Published: 27 Feb 2015 at 08:35hrs | 1 | by Staff reporter
Finally! A Person Doing Their Job!
I was sitting inside a bank recently, waiting to speak with a banker. I watched her while she helped two other clients before me. She spoke quietly, and she never smiled. I therefore braced myself fo...Published: 07 Feb 2015 at 15:37hrs | | by Unknown
'Bank closures normal,' says RBZ boss
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says the numerous bank closures seen in recent years are normal in tough economic environments and insisted that the country's banking sector rem...Published: 27 Jan 2015 at 11:47hrs | | by Staff reporter
MBCA to rebrand to Nedbank
South Africa based financial group Nedbank plans to rename its local unit MBCA Bank to Nedbank Zimbabwe next year. MBCA's MD Charity Jinya said it is too early to confirm the plans and wil...Published: 17 Dec 2014 at 07:46hrs | | by Staff reporter
CBZ, ABC Holdings scoop top corporate governance awards
CBZ Holdings has won the 2014 trophy for the Best Governed Company on the Zimbabwe Stock Exchange, while ABC Holdings was awarded the trophy for the Best Governed Banking Institution. Fin...Published: 17 Nov 2014 at 12:28hrs | | by Mike Hamilton
MBCA to become Nedbank
MBCA Bank, a unit of South Africa's Nedbank group, is next year change its name to Nedbank Zimbabwe. Nedbank, the fourth largest bank in South Africa by market capitalisation and customer ...Published: 16 Oct 2014 at 07:56hrs | | by Staff reporter
Econet Wireless not selling MBC
Econet Wireless has reaffirmed its commitment to its investment in Mutare Bottling Company, seeing through the installation of a $17 million new line and factory, which will boost the firm's abili...Published: 09 Apr 2014 at 06:58hrs | | by Business reporter
Sam Malaba takes over at BAZ
Barclays Bank Zimbabwe managing director Mr George Guvamatanga has stepped down as Bankers Association of Zimbabwe (BAZ) president after the expiry of his two-year tenure with his deputy Mr Sam Malaba...Published: 02 Apr 2014 at 11:18hrs | | by Staff reporter
Zimbabwe to clarify indigenisation policy
FINANCE Minister Patrick Chinamasa on Thursday said government was going to work towards clarity on policies including the Indigenisation Law which he said will have clarity "like never before."...Published: 20 Dec 2013 at 02:36hrs | | by Agencies
AAG threatens Banks over auctioning of properties
THE Affirmative Action Group (AAG) has threatened to block financial institutions from auctioning properties owned by Bulawayo businesspeople tomorrow, saying the move was unjustified considering the ...Published: 31 Oct 2013 at 02:49hrs | | by Staff reporter
Delma Lupepe's woes continue to mount, banks swoop on his houses
BULAWAYO mogul Delma Lupepe's woes continue to mount after banks swooped on four of his other houses after two properties were auctioned four months ago to cover undisclosed debts owed by his compani...Published: 29 Oct 2013 at 02:15hrs | | by Staff reporter
Harare banks crack whip on Bulawayo firms
THE Sheriff of the High Court has attached property worth millions of dollars belonging to 13 Bulawayo companies and seven businesspeople over failure to service loans owed to different financial inst...Published: 29 Oct 2013 at 02:35hrs | | by Staff reporter
Zimbabwe softens stance on banks indigenisation
GOVERNMENT has softened its stance on the indigenisation of banks, saying the institutions will not be required to immediately turn over their majority stakes to indigenous Zimbabweans. In a ...Published: 17 Oct 2013 at 03:55hrs | | by Staff reporter
Francis Nhema to meet banks over indigenisation
INDIGENISATION minister Francis Nhema is set to meet foreign- owned banks operating in Zimbabwe to discuss a possible modification of the indigenisation policy.Nhema told Southern Eye Busines...Published: 14 Oct 2013 at 05:01hrs | 1 | by Staff reporter
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