Search / Stanbic
Come for more cash: RBZ
Banks have to continuously draw cash from the central bank to ensure uninterrupted supply to depositors, Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya has said.New cash and coins - ...Published: 24 Nov 2019 at 14:03hrs | 2006 | by Staff reporter
China corners Mthuli Ncube
FINANCE minister Mthuli Ncube on Wednesday held crunch talks with China's Deputy Ambassador to Zimbabwe Zhao Baogang following a nasty fallout over development-partner support figures presented in the...Published: 22 Nov 2019 at 18:07hrs | 2005 | by Staff reporter
Mthuli Ncube hails RBZ swift action on CBZ, Ecobank
Finance and Economic Development Minister Professor Mthuli Ncube has praised the Reserve Bank of Zimbabwe (RBZ) for swiftly acting against two banks alleged to have allowed their depositors to make wi...Published: 18 Nov 2019 at 06:26hrs | 1606 | by Staff reporter
Card cloning gang hits PPC Zimbabwe
FOUR men ganged up and defrauded Pretoria Portland Cement (PPC) Zimbabwe of more than US$26 500 after cloning the company's ATM card and using it to conduct illegal Point of Sale (POS) transactions at...Published: 12 Nov 2019 at 07:11hrs | 608 | by Staff reporter
Stanbic unveils low-cost BluEase account
STANBIC Bank has launched a low-cost transactional account to benefit low-income earners, who include university students, informal and sole traders.The financial institution said the initiati...Published: 07 Nov 2019 at 05:52hrs | 1104 | by Staff reporter
Mnangagwa's govt scrambles to save US$1bn Chinese deals
GOVERNMENT officials were this week nervously scrambling to salvage three big Chinese-funded infrastructural projects totalling US$1,324 billion, which are on the verge of collapse after US$10 million...Published: 01 Nov 2019 at 06:44hrs | 811 | by Staff reporter
Metro Peech and Browne Wholesalers introduce Bureaux de Change across 17 branches nationwide
A leading wholesaler in Zimbabwe, Metro Peech and Browne Wholesalers, has installed 17 new Bureaux de Change to deliver convenient foreign currency exchange solutions for customers across the country....Published: 29 Oct 2019 at 10:59hrs | 1367 | by Staff reporter
Mnangagwa's govt re-engages Sakunda
THE government has again roped in controversial oil company, Sakunda Holdings, in the distribution of agricultural inputs to farmers under the Command Agriculture scheme after it poured in $2.8 billio...Published: 13 Oct 2019 at 06:35hrs | 5040 | by newzimbabwe
Agric preps begin
Government will start moving agricultural inputs for Command Agriculture to several parts of the country this week as it pushes farmers to plant early to maximise on imminent rains.Logistical ...Published: 06 Oct 2019 at 15:07hrs | 24 | by Staff reporter
Treasury not writing off Command Agric debts
Government has no plans to write off Command Agriculture debts and expects beneficiaries of the facility to pay back dues. Command Agriculture is a cost recovery scheme that was introduced by Governme...Published: 02 Oct 2019 at 06:32hrs | 21 | by Staff reporter
Makhosini Hlongwane set to lose property over US$30 000 vehicle debt
FORMER Sport, Arts and Recreation Minister and Member of Parliament for Mberengwa East Makhosini Hlongwane's property is set to be auctioned over a debt of more than US$36 000 for a vehicle and asset ...Published: 12 Sep 2019 at 22:24hrs | 514 | by Staff reporter
South Africans and their companies given 7 days to leave Nigeria
South Africans and their companies operating in Nigeria have been given seven days to pack up their bags and leave Nigeria by the National Association of Nigerian Students (NANS) following an increase...Published: 03 Sep 2019 at 20:50hrs | 10876 | by Staff reporter
Zimbabwe banks raise red flag over policies
Zimbabwe's banking sector has singled out policy inconsistency as the biggest threat to its sustainability, citing conflicting statements on currency reforms.Bankers' Association of Zimbabwe (...Published: 01 Sep 2019 at 15:01hrs | 1117 | by Staff reporter
Jacob Mudenda's scandals unpacked?
Who is Jacob Francis Mudenda? Jacob Francis Mudenda nicknamed "The Headmaster" in parliament and "Scania" in Matebeleland North is the current Speaker of the National Assembly. Born in 1949, M...Published: 23 Aug 2019 at 05:56hrs | 5955 | by Nicholas Ncube
Murowa Diamonds swindled in aircraft purchase deal
RIO Tinto-run Murowa Diamonds (Pvt) Ltd was allegedly swindled of $85 000 by Wilderness Safaris Zimbabwe (Pvt) Ltd after the latter failed to supply an aircraft despite having received the full paymen...Published: 21 Aug 2019 at 07:53hrs | 627 | by Staff reporter
Stanbic Bank recruits more student interns
STANBIC Bank Zimbabwe has increased the number of university students who will be participating in its 2019/2020 cycle of exclusive internship programme to 20.The programme is strategically st...Published: 21 Aug 2019 at 07:47hrs | 362 | by Staff reporter
Stanbic management, employees ink wage deal
Management and employees at Stanbic Bank Zimbabwe Limited, a subsidiary of Standard Bank of South Africa Limited, have agreed on an upwards review on the latter's wages, NewsDay reported.Accor...Published: 05 Aug 2019 at 07:40hrs | 2074 | by Staff reporter
Stanbic Bank pays workers advance wage to avert strike
STANBIC Bank Limited, a subsidiary of the South African based Standard Bank of South Africa Limited, advanced its employees ZWL$1 000 in allowances to avert a strike last week as the economic situatio...Published: 17 Jul 2019 at 07:48hrs | 1266 | by Staff reporter
VACANCIES: Stanbic Bank 2019/2020 internship program
Stanbic Zimbabwe is pleased to launch the 2019/2020 Internship Program, Zim Techreview reports. We invite self-driven,...Published: 14 Jul 2019 at 19:49hrs | 5220 | by Staff reporter
Stanbic, SAZ in solar plant deal
FINANCIAL services institution, Stanbic Bank Zimbabwe, has facilitated the construction of a ZAR7 million 190kw solar plant for Standards Association of Zimbabwe (SAZ) as part of interventions to aid ...Published: 05 Jul 2019 at 08:01hrs | 300 | by Staff reporter
Zimdollar given 5-day ultimatum
THE National Tripartite Negotiating Forum (TNF) has given government up to Tuesday next week to withdraw Statutory Instrument 142/2019, which banned the use of multi-currency and reintroduced the Zimb...Published: 27 Jun 2019 at 06:41hrs | 5099 | by Staff reporter
Chaos as Stanbic workers sleep on banking halls
Stanbic Bank workers have written to the employer informing them that their workers are incapacitated to continue providing services to the bank on a regular basis as agreed upon between the employer ...Published: 21 Jun 2019 at 09:22hrs | 8797 | by Mandla Ndlovu
Former deputy minister in $766 000 debt row
Former Mines and Mining Development Deputy Minister Fred Moyo is said to have attempted to conceal an attached property into a family trust to prevent a financial institution from selling the property...Published: 01 Jun 2019 at 07:45hrs | 371 | by Staff reporter
RBZ fail to fund Zimbabwe investor portfolio fund
THE Reserve Bank of Zimbabwe (RBZ) has failed to fund the Zimbabwe investor portfolio fund since 2017 due to loss of confidence in the economy by foreign investors, businessdigest reported.Fun...Published: 31 May 2019 at 07:57hrs | 264 | by Staff reporter
Mugabe's ex-minister loses estate over US$766k bank loan
Former Mines and Mining Development deputy minister Fred Moyo has lost his family property and estate after the High Court recently ruled in favour of Stanbic Bank which is seeking to recover over US$...Published: 30 May 2019 at 07:56hrs | 1851 | by Staff reporter
Prophet Magaya fails to repay $23 million loan
PROPHETIC Healing and Deliverance (PHD) Ministries leader Walter Magaya and his wife, Tendai, have been taken to the High Court for failure to repay a US$23 million loan to Homelink Finance (Private) ...Published: 10 May 2019 at 06:43hrs | 1140 | by Staff reporter
Foreign investors threaten ZSE pullout
The inability by foreign investors to repatriate capital and disinvestment proceeds from the country is hampering the performance of the Zimbabwe Stock Exchange, amid reports custodians are threatenin...Published: 03 May 2019 at 09:55hrs | 2660 | by Staff reporter
A look at Zimbabwe's property market
Even though the Zimbabwean property market faces many challenges, it has always been characterised by a high demand and a corresponding low supply – ensuring that the market has always been very act...Published: 14 Apr 2019 at 16:29hrs | 2284 | by Staff reporter
SA investor duped by Zimbabwean partner
SOUTH African investor, Imran Valley, recently lost assets worth $650 000 to his Zimbabwean business manager Azeem Hassim, who allegedly used fake documents to register a grocery retail and wholesale ...Published: 08 Apr 2019 at 06:42hrs | 1031 | by Staff reporter
Prophet Magaya tax case kicks off
THE tax trial of Prophetic Healing and Deliverance Ministries (PHD) church founded by self-proclaimed prophet Walter Magaya kicked off yesterday, with the church pleading not guilty to all four charge...Published: 27 Mar 2019 at 15:25hrs | 351 | by Staff reporter
Cyclone Idai: Of donations and the bane of sanctions
Zimbabwe was hit by Cyclone Idai from 14 to 17 March 2019, a crisis that plunged the nation into darkness. When the news reached President Emmerson Mnangagwa who was on a State visit to the United Ara...Published: 27 Mar 2019 at 12:31hrs | 1112 | by Elijah Chihota
39 school kids feared dead
NEARLY 40 students from Dzingire Primary School in Chimanimani are feared dead as the country continue to count the cost of the devastation caused by Cyclone Idai.This comes as the death toll from...Published: 23 Mar 2019 at 21:25hrs | 3752 | by Staff reporter
Cyclone Idai donations continue to pour
Several companies and organisations continue to chip in with humanitarian assistance towards relief efforts in Cyclone Idai-ravaged Chimanimani and Chipinge, where over 192 people have been confirmed ...Published: 22 Mar 2019 at 06:38hrs | 218 | by Staff reporter
PPC loses $26 000 to 'card cloning' gang
FOUR men from Bulawayo have been arrested after they allegedly swindled a private company of $26 000 by cloning the company's bank card.Divine Gandawa (38), from Nkulumane 12, Farai Gandawa (2...Published: 03 Mar 2019 at 01:35hrs | 1489 | by Staff reporter
Frantic talks fail to unlock NRZ logjam
A SERIES of meetings this week aimed at ending the stalemate in the finalisation of the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation deal failed to break the deadlock among the ...Published: 15 Feb 2019 at 08:23hrs | 906 | by Staff reporter
Woman flees from court
A Harare medical doctor's wife, who was dragged to court by her husband of two months, was convicted yesterday but fled from court before sentence.Christina Hamilton was convicted by Harare re...Published: 13 Feb 2019 at 15:38hrs | 3688 | by Staff reporter
PHOTOS: #ZimbabweShutDown day 3 - Beitbridge update
Gomba cafe closed yesterday Engene Garage yersterday...Published: 16 Jan 2019 at 12:51hrs | 12531 | by Beitbridge Resident
CABS is the top bank in Zimbabwe
FINANCE minister Mthuli Ncube has urged banks to diversify and develop business models tailored to meet special requirements of the unbanked and underserved segments of the population.Ncube wa...Published: 03 Dec 2018 at 07:28hrs | 1044 | by Staff reporter
CABS come tops Banks and Banking survey
CABS emerged the top-performing bank at this year's edition of the Zimbabwe Independent Banks and Banking Survey ceremony, which was held in Harare last night.CBZ was the first runner-up, foll...Published: 30 Nov 2018 at 09:32hrs | 492 | by Staff reporter
SA investor loses firm, $650k assets to Zimbabwean employee
A SOUTH AFRICAN investor, Imran Valley, lost his company and assets worth $650 000 after his Zimbabwean manager allegedly fraudulently filed fake documents to the Registrar of Companies before changin...Published: 20 Oct 2018 at 08:17hrs | 1164 | by Staff reporter
Mortgage loans up 44%
A total of $98,7 million mortgage loans were advanced to clients in the seven months to July 2018, an industry official has said. The figure is 44,3 percent more than the $55 million which was extende...Published: 02 Oct 2018 at 09:36hrs | 470 | by Staff reporter
Woman externalises $6m to Botswana
A BULAWAYO businesswoman, who had been on the police wanted list for allegedly externalising more than $6 million to Botswana, appeared in court yesterday. Delny Deanna Ashley Davies (41) of M...Published: 28 Sep 2018 at 07:03hrs | 2083 | by Staff reporter
Econet celebrates 20 years of ZSE listing
Econet Wireless Zimbabwe yesterday reached a major milestone after completing 20 years since its shares were listed and first publicly traded on the Zimbabwe Stock Exchange (ZSE); a month after Zimbab...Published: 18 Sep 2018 at 06:17hrs | 98 | by Staff reporter
Chitungwiza scammed of $120 000
CHITUNGWIZA Municipality was last year fleeced of almost $120 000 after a suspected fraudster took advantage of a deal left hanging to approach the High Court and force payment.Dalington Chira...Published: 15 Sep 2018 at 09:23hrs | 800 | by Staff reporter
Mthuli Ncube embarks on stakeholder listening & consulting roadshow
Minister of Finance and Economic Development Professor Mthuli Ncube embarks on stakeholder listening and consulting roadshow, starting with private meeting with fifty captains of industry.&nbs...Published: 12 Sep 2018 at 12:46hrs | 8253 | by Agencies
Muchechetere in court for criminal abuse of duty
Sport and Recreation Committee (SRC) acting director-general Joseph Muchechetere yesterday appeared in court facing charges of misusing more than $2 million he received from sponsors.Muchechet...Published: 06 Sep 2018 at 07:01hrs | 914 | by Staff reporter
Stanbic calls for economic reforms
STANBIC Bank (Stanbic) has called for currency reforms and measures to support industrial growth, foreign currency generation and price stability in order to put an end to "turbulence in the operating...Published: 03 Sep 2018 at 06:32hrs | 817 | by Staff reporter
No need to queue at banks
DEPOSITORS no longer need to spend hours queuing at banking halls as they have an option of conducting their transactions digitally using online technology platforms, Stanbic Bank Zimbabwe chair, Mr G...Published: 24 Aug 2018 at 05:46hrs | 1000 | 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. ...Published: 23 Aug 2018 at 06:23hrs | 777 | by Staff reporter
Top banker's son shot dead in robbery
Police have launched a manhunt for armed robbers who broke into the home of Stanbic bank chief executive Joshua Tapambgwa and killed his son, David, during a robbery.National police spokespers...Published: 27 Jul 2018 at 07:34hrs | | by Staff reporter
Load More Stories
