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POSB launches solar, Starlink loan scheme for schools

The People's Own Savings Bank (POSB) has launched an ambitious solar and Starlink internet loan scheme targeted at Zimbabwe's schools, marking a rare example of a local bank offering accessible, impactful financial support to the education…

Published: 07 Aug 2025 at 17:25hrs | 431 | by Staff reporter

POSB partners with Zimnat

People's Own Savings Bank (POSB) has entered a strategic partnership with Zimnat General Insurance to offer a wide range of bancassurance services, enhancing its service offerings and providing customers with convenient access to essential…

Published: 05 May 2025 at 16:03hrs | 277 | by Staff reporter

POSB starts selling Belarus tractors

People's Own Savings Bank (POSB), one of the financial institutions selected by the Government to facilitate the resale of Belarus tractors to Zimbabwean farmers, has announced that the equipment is now available for purchase through the b…

Published: 14 Mar 2025 at 17:28hrs | 980 | by Staff reporter

POSB scandal exposes Mnangagwa?

Documents supporting President Emmerson Mnangagwa's controversial handling of the planned sale of the state-owned People's Own Savings Bank (POSB) have sparked grave concerns regarding transparency and accountability in the disposal of pub…

Published: 11 Mar 2025 at 08:11hrs | 3528 | by Staff reporter

POSB scandalous sale deal comes under scrutiny

Despite the questionable agreement surrounding the state-owned People's Own Savings Bank (POSB), Attorney-General Virginia Mabiza's correspondence with the bank's management and a directive from President Emmerson Mnangagwa, the deal to se…

Published: 11 Mar 2025 at 08:06hrs | 976 | by Staff reporter

AMH Chief Executive compromised?

Kenias Mafukidze, the chief executive of Trevor Ncube's privately-owned media house Alpha Media Holdings (AMH), is facing intense scrutiny after being caught in a glaring conflict of interest. Mafukidze, who also serves as the chairman of …

Published: 07 Mar 2025 at 07:32hrs | 519 | by Staff reporter

RBZ dismisses fake news of POSB sale

The Governor of the Reserve Bank of Zimbabwe (RBZ), John Mushayavanhu, has dismissed claims that the People's Own Savings Bank (POSB) is up for sale. This follows reports suggesting that the state-owned bank had been sold to foreign invest…

Published: 22 Feb 2025 at 09:24hrs | 170 | by Staff reporter

POSB privatisation put on halt

THE planned partial privatisation of the People's Own Savings Bank (POSB) has been put on halt as the bank awaits further guidance on the project from the shareholder.Partial privatisation was set to be completed by the end of 2023.The Gov…

Published: 04 Apr 2024 at 06:14hrs | 4 | by Staff reporter

POSB rolls-out ATMS

The People's Own Savings Bank (POSB) has rolled out 15 advanced Automated Teller Machines (ATMs) across its service centres as part of enhancing customer experience and convenience.This is the first batch of the 30 ATMs project rollout, wi…

Published: 10 Feb 2024 at 06:29hrs | 7 | by Staff reporter

Mnangagwa's govt to offload 49% POSB stake

GOVERNMENT has put a 29% stake in the People's Own Savings Bank (POSB) for sale as the bank's partial privatisation exercise gets underway.The private placement will be followed by an initial public offering of up to 20% shareholding of th…

Published: 21 Aug 2023 at 06:41hrs | 10 | by Staff reporter

Bulawayo's iconic Post Office Gardens crumble

A gaping hole now exposes the western part of the Post Office Gardens. It is perhaps ironic that a building also known as the War Memorial Park or the Cenotaph, now looks like it was the victim of a night time air raid from squadrons of en…

Published: 20 Nov 2022 at 15:37hrs | 2 | by Staff reporter

Fierce fight erupts at POSB

A FIERCE boardroom fight has erupted at the People's Own Savings Bank (POSB) over retired chief executive officer Admore Kandlela's decision to hold on to the job despite having been paid lucrative terminal benefits.Highly placed sources w…

Published: 14 Feb 2022 at 05:35hrs | 14 | by Staff reporter

POSB privatisation gathers pace

STATE-OWNED financial services provider POSB's preparations for partial privatisation and subsequent listing on the Zimbabwe Stock Exchange have moved a gear up after a technical committee appointed by government to oversee the ongoing pro…

Published: 04 May 2021 at 06:28hrs | 1 | by Staff reporter

Knives out for POSB bosses

A major labour grouping in the financial services sector, has lined up a series of demonstrations against POSB's board and management over an array of allegations, chief among them incompetence. The Zimbabwe Banks and Allied Workers Union …

Published: 23 Aug 2018 at 06:23hrs | | by Staff reporter

'I am very disappointed with POSB' - WhatsApp update

Please note that Bulawayo24 does not edit WhatsApp updates. We publish them as sent by our readers and we do not disclose the sender's telephone number.19/04/2016, 20:49 - byo24-subscriber-2857: Am a client at POSB and am very disappointed…

Published: 20 Apr 2016 at 13:01hrs | 13 | by POSB client

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