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2 former bank employees in court for US$33K fraud
Two former employees of Steward Bank have been charged with defrauding the bank of over US$33,000 by exploiting dormant client accounts. The accused, Audrey Njanike (38) and Ian Takaedza (36), alleged...Published: 06 Feb 2025 at 07:19hrs | 292 | by Staff reporter
Bank card fraud chaos in South Africa
In 2023, card-not-present (CNP) fraud accounted for over 68% of all card fraud committed in South Africa, costing citizens over R700 million.This is according to the South African Banking Risk...Published: 08 Nov 2024 at 16:31hrs | 2239 | by Staff reporter
Zimbabwe police overrated?
In what is being called the largest cash heist in Zimbabwe's history, seven armed robbers executed a lightning-fast robbery at Ecobank, located at the corner of Fife Street and 9th Avenue in Bulawayo....Published: 05 Oct 2024 at 11:33hrs | 414 | by Staff reporter
Zimbabwe police identify, launch manhunt for Nedbank robbers
POLICE have identified and launched a manhunt for seven suspects, three of them notorious brothers accused of robbing a Nedbank branch in Bulawayo of US$272 500-00, ZAR 2 420 000-00, and five gold coi...Published: 04 Jan 2024 at 05:55hrs | 17 | by Staff reporter
Burglars raid Nedbank
Burglars broke into a Nedbank building in Bulawayo's Belmont industrial area where they damaged three safes before stealing over US$270 000 and about R2 million, police confirmed yesterday.The...Published: 30 Aug 2023 at 06:44hrs | 10 | by Staff reporter
Police probe ZB Bank Vic Falls robbery
SEVERAL bank employees have been questioned by the police following a theft when a lone armed robber pounced on ZB Bank branch in Victoria Falls last week, entering the banking hall a few minutes befo...Published: 05 Dec 2022 at 05:05hrs | | by Staff reporter
Stanbic Bank celebrates 3o years of driving Zimbabwe's growth
HARARE - 16 NOVEMBER, 2022 - Stanbic Bank, is this month celebrating 30 years of service provision which has seen the leading financial services institution contributing significantly to the socio-eco...Published: 16 Nov 2022 at 09:27hrs | 9 | by Agencies
Mnangagwa to copy Putin's currency strategy
Zimbabwe's President Emmerson Mnangagwa is trying to emulate Russian President Vladimir Putin in his attempt to revive Africa's worst performing currency. Mnangagwa's administration may announ...Published: 03 May 2022 at 06:43hrs | 1 | by Staff reporter
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 | 2 | by Staff reporter
Are sangomas really 'linked' to armed robberies?
Armed robbery in criminal law is an aggravated form of theft that involves the use of a lethal weapon a victim typically motivated by the desire to obtain money.Cases of armed robbery have rea...Published: 19 Sep 2021 at 08:44hrs | 4 | by Blessing Mandabva
Solar power enables bank employees to work seamlessly from home
The Covid-19 pandemic has changed the way businesses operate worldwide, with working from home having become the new normal for many businesses, particularly during strict lockdown periods.The...Published: 06 Jul 2021 at 10:32hrs | 2 | by Agencies
How whistle-blowers are gaming the Zimra system
WHILE the gazetting of a statutory instrument on whistle-blowers who help sniff out tax evaders was seen as a useful move in promoting accountability, recent events and investigations have shown that ...Published: 19 Jun 2021 at 15:06hrs | 2 | by Staff reporter
Challenged world is alert and from challenge comes change
As we celebrate the 2021 International Women's Day (IWD) under the theme #ChooseToChallenge, and focus on inclusion and diversity, we reflect on the representation of women in the banking industry....Published: 05 Mar 2021 at 06:38hrs | 1 | by Sibongile Moyo
US$500K cash recovered in US$2.5 million heist
EIGHT more suspects in a US$2.5 million money heist were on Wednesday brought to court movie style.Police used high security vehicles in a motorcade to bring the suspects to court.Of t...Published: 14 Jan 2021 at 14:32hrs | | by Staff Reporter
The World Will Never Be The Same After January 2021
After President Donald J. Trump has been declared the winner of US Presidential elections and sworn in on 20 January 2021 as the new President, I foresee total chaos and massive trail of destruction f...Published: 18 Dec 2020 at 11:30hrs | | by Israel Dube
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 | 1 | by Staff reporter
Nedbank fires 28 tellers over US$1m fraud
Nedbank Zimbabwe has fired 28 employees for their alleged involvement in an alleged foreign currency scam, which cost the financial institution US$1,1 million.The bank employees, mostly teller...Published: 11 Aug 2019 at 11:23hrs | 1 | by Staff reporter
Zimbabwe Nedbank employees to picket at the company's headquarters in South Africa
ZIMBABWE Banks and Allied Workers Union (Zibawu) has written to South Africa's NedBank giving notice of its intention to picket at its offices over what it argues is intransigence by the diversified g...Published: 26 Jul 2019 at 08:09hrs | | by newzimbabwe
Zimbabwe bank employees demand US dollar salaries
BANK employees are pilling up pressure on their employers to pay salaries in United States dollars arguing that the local currency has become worthless."We are pushing for banks to pay the USD...Published: 03 Jun 2019 at 07:38hrs | | by Staff reporter
Ncubenomics
In February, Reserve Bank Governor, John Mangudya announced the introduction of the RTGS dollar - the currency that confirmed what we knew all along: one is not to one. The RTGS dollar was initially s...Published: 09 Apr 2019 at 15:19hrs | 1 | by Kubatana
Paynet Zimbabwe services go offline
BUSINESS has been affected after Paynet Zimbabwe services went offline, cutting off local banks following failure to pay external licence fees. Paynet is the electronic payments processing sys...Published: 15 Mar 2019 at 05:56hrs | 2 | by Staff reporter
Bank employees threaten strike
Workers in the banking sector have issued a two-week ultimatum to their employers demanding a 60% salary increase or they will embark on a strike.The workers, represented by the Zimbabwe Banks...Published: 22 May 2018 at 06:25hrs | 1 | by Staff reporter
Bank employees fired for leaking bond notes pictures on social media
Leaked pictures showing #bondnotes in the bank's vaults on social media have made the Reserve Bank of Zimbabwe to fine the People's Own Savings Bank $500,000 for violating sections of the Banking,...Published: 28 Nov 2016 at 19:07hrs | | by Staff reporter
Zimbabwe's illegal currency dealers go high-tech
Forget the so-called World Bank along Bulawayo's Fort Street or Road Port in Harare, Zimbabwe's infamous illegal cash dealers have gone high tech.The two places were notorious for illegal ...Published: 20 Nov 2016 at 12:48hrs | 1 | by Staff reporter
Panic as Barclays Botswana restructures
A RESTRUCTURING is looming at Barclays Bank of Botswana as the bank has relocated some of its services to South Africa leaving 23 employees idle while 11 have been redeployed.It is understood ...Published: 23 Mar 2016 at 05:33hrs | | by Staff reporter
Former bank employees up for $65,000 fraud
THREE former ZB Bank workers allegedly defrauded their employer of more than $60 000 after conniving to convert clients' deposits to their own use, a Bulawayo court heard.The trio, Yevai A...Published: 01 Feb 2015 at 11:40hrs | | by Tinomuda Chakanyuka
Stanbic employees in protest for 10% salary increase
DOZENS of bank employees yesterday picketed Stanbic Bank headquarters in Harare to press management at the financial institution to pay its workers a 10% salary increase.The protests were orga...Published: 26 Aug 2014 at 08:36hrs | | by Staff Reporter
In defense of the Arts, Humanities & Commercials and Matebeleland Freedom
In Defence of the Arts, Humanities and Commercials - Science Not the Only Route to Success and Freedom for 'Matebeleland'I once sat in and spoke at a ma...Published: 16 Feb 2014 at 12:41hrs | | by Ndzimu-unami Emmanuel Moyo
'If I had a pistol I would have killed the terrorists immediately' - Kenya survivor
Paris - A Frenchman caught up in the Nairobi mall attack who survived by hiding for five hours in his bank said on Wednesday he had an overpowering desire to kill the militants when he saw a child's c...Published: 25 Sep 2013 at 09:42hrs | | by Staff Reporter
ZSE shares end week lower on profit taking
ZSE shares ended lower on Friday as investors extended profit taking mostly in Delta to a third straight session.The Industrials Index closed the week in the red after easing 0.08 points or 0....Published: 14 Jun 2013 at 10:52hrs | 1 | by Business reporter
Industrials snap record rising streak in midweek trades
Industrials snapped its 6-day record rising streak on Wednesday weighed down by losses in Delta and Innscor as investors recouped profits made over the past week.There were only 5 counters to ...Published: 12 Jun 2013 at 11:44hrs | | by Business reporter
Cyprus clinches last-minute deal, uninsured depositors lose out
Reuters) - Cyprus clinched a last-ditch deal with international lenders to shut down its second-largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for...Published: 25 Mar 2013 at 07:24hrs | | by Staff Reporter
Bosso, Dembare clash postponed again
THE epic soccer battle between Highlanders and Dynamos that had been scheduled for Sunday has been postponed once again following complaints from other clubs that any outstanding fixture has to be pla...Published: 03 Jul 2012 at 07:30hrs | | by Sports reporter
Dynamos vows not to replay Wankie
REIGNING Castle Lager Premier Soccer League champions Dynamos have vowed not to fulfill an order by the league's disciplinary committee to have their game against Hwange replayed and will instead be ...Published: 13 Jun 2012 at 05:20hrs | | by Sports reporter
ZCTU castigates Thabo Mbeki, tells him to solve Soweto problems first
Former South African President and mediator to the unity government Thabo Mbeki has been castigated for pretending to be helping the University of Zimbabwe when Zimbabwe through President Robert Mugab...Published: 03 May 2012 at 07:48hrs | | by Staff reporter
Zim bank employees fake cash heist
THE alleged armed robbery that occurred at ZB Bank in Colleen Bawn has taken a new twist on the first appearance of suspects in court with revelations that two bank employees might have faked the heis...Published: 13 Jan 2012 at 04:22hrs | | by Staff reporter
Armed robbers get away with $200k from ZB Bank in Colleen Bawn
A building society in Matabeleland South Province lost more than $200 000 to a gang of suspected armed robbers in an incident that now appears to have been an inside job.Matabeleland South pr...Published: 10 Jan 2012 at 04:18hrs | | by Staff reporter
3 Bank employees charged for stealing from an ATM
3 Kingdom Financial Holdings employees from High Glen branch, Harare, have been arrested and charged with theft after allegedly stealing $30 000 from an ATM. The employees, whose duties were n...Published: 21 Sep 2011 at 08:11hrs | | by Nare Msupatsila
Zimbabwe bank employees gets a salary increment, minimum salary $575 per month
The Zimbabwe Allied Workers' Union and the Bankers' Association of Zimbabwe have agreed on a minimum salary of $575 per month after protracted salary negotiations that began last year. Over ...Published: 17 Jun 2011 at 07:18hrs | 1 | by Moyo Roy
Cash crunch looms as bank workers threaten strike
Zimbabweans must brace for a Christmas cash crunch if the country’s banking sector makes good their threat to strike next week....Published: 10 Dec 2010 at 13:33hrs | 2 | by Victoria
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