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Ex-RBZ advisors under fire
THE Zimbabwe National Chamber of Commerce (ZNCC) has slammed the Reserve Bank of Zimbabwe (RBZ)'s "underachieving" outgoing monetary policy committee (MPC) saying it lacked depth and expertise to driv...Published: 05 Mar 2021 at 06:57hrs | 4 | by Staff reporter
New RBZ Monetary Policy Committee members named
Finance and Economic Development Minister, Professor Mthuli Ncube, on Sunday, appointed five new members to the Reserve Bank of Zimbabwe Monetary Policy Committee (MPC). The new members,...Published: 23 Feb 2021 at 06:42hrs | | by Staff reporter
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
Govt, Zimra authorities in standoff over 2% tax
A standoff - which disrupted the start of the tobacco marketing season last week - has erupted between the Finance Ministry and the Zimbabwe Revenue Authority (Zimra) over the operationalisation of th...Published: 29 Mar 2019 at 12:07hrs | 1 | by Staff reporter
Bankers elect new president, deputy
THE Bankers Association of Zimbabwe (BAZ) has elected FBC Bank managing director, Mr Webster Rusere, as its president taking over from Dr Charity Jinya. He would lead the organisation for two years an...Published: 10 May 2018 at 07:02hrs | | 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
Chinese looters off the hook
Government has said taking action against Chinese looters will be tantamount to being xenophobic, as other foreign nationals and locals had also spirited cash out of the country.Chinese indivi...Published: 03 Apr 2018 at 09:07hrs | | 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
Banks admit bungling
Banks have admitted to bungling by delaying to acquit CD1 forms on behalf of their clients to the Reserve Bank of Zimbabwe, a situation that has seen some companies being implicated of externalising f...Published: 02 Apr 2018 at 07:13hrs | | by Staff reporter
Mnangagwa's looters list backfires
President Emmerson Mnangagwa's decision to name and shame companies alleged to have externalised funds and assets has turned into a nightmare for local companies that are being snubbed by potential su...Published: 31 Mar 2018 at 10:59hrs | | by Staff reporter
Banks shun telegraphic transfers
SOME banks in Bulawayo have completely stopped accepting foreign payment telegraphic transfers submitted by companies, making life unbearable for the companies in the city, Association for Business in...Published: 21 Mar 2018 at 05:23hrs | | by Staff reporter
Nedbank Zimbabwe to give out home loans
Nedbank Zimbabwe, a unit of South Africa's Nedbank group will not be venturing into housing development like other local financial institutions but will rather focus on providing financial instruments...Published: 20 Mar 2018 at 05:47hrs | | by Staff reporter
4 killed as house collapses
Four members of the same family in Chidawa village under Chief Nyajinya in Uzumba died after their house collapsed due to incessant rains and trapped them inside during the early hours of Sunday....Published: 13 Feb 2018 at 10:33hrs | | by Staff reporter
Mnangagwa fails to 'coup' cash crisis
Cash shortages in Zimbabwe have persisted more than a month after the new administration led by President Emmerson Mnangagwa assumed power.A snap survey last week by Standardbusiness establish...Published: 21 Jan 2018 at 11:19hrs | | by staff reporter
Zimbabwe faces cryptocurrency challenge
LOCAL banks acknowledge the rise in crypto-currencies and the potential threat it has on the traditional banking system, but still cannot measure the extent of market share it has "stolen" as it remai...Published: 24 Dec 2017 at 07:14hrs | | by Staff Reporter
Zimbabweans stash cash offshore
THE huge amounts of money held by Zimbabweans in foreign banks are a sign of the low confidence people have in the banking system, the Bankers Association of Zimbabwe president, Charity Jinya, has sai...Published: 23 Nov 2017 at 09:53hrs | | by Staff reporter
'Banks pumping cash into black market'
Banks have been fuelling the currency black market in Zimbabwe by moving bond notes onto the streets in search of the now elusive US dollar, economic experts, monetary and fiscal authorities have conf...Published: 29 Sep 2017 at 16:08hrs | 2 | by Staff reporter
RBZ to deal with bankers, cash barons
The Reserve Bank of Zimbabwe (RBZ) has warned bankers and cash barons against selling cash on the black market. Cash barons have taken advantage of cash challenges and are charging between 15 percent ...Published: 25 Sep 2017 at 23:31hrs | | by Staff reporter
Zanu-PF bigwigs bleed banks dry
Politicians, particularly the elite in Zanu-PF, are proving to be a thorn in the flesh for the financial services sector, with hardly a month passing without the Deputy Sheriff being called in to put ...Published: 19 Jun 2017 at 13:58hrs | | by Staff reporter
Capitalk off to flying start
CAPITALK 100.4FM is emerging as the station of choice with regards to production of candid discussions aimed at reflecting the Zimbabwean story.The country's first commercial Talk radio statio...Published: 18 Jun 2017 at 09:54hrs | | 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
Zimbabwe's new 12% interest rate regime to apply in retrospect
Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, said the new interest rate regime which capped lending rates at 12 percent will apply in retrospect."When you change the interest ra...Published: 21 Mar 2017 at 21:24hrs | | by Staff reporter
Zimbabwe has over-valued US$ exchange rate
Zimbabwe has an over-valued exchange rate against the United States dollar and other major economies due to the singular usage of the greenback, economists have said, while pushing for the adoptio...Published: 31 Jan 2017 at 05:49hrs | | by Staff reporter
Bond notes fiasco: Importers stranded
THE introduction of bond notes has put ordinary Zimbabweans and importers in a rut with many facing bottlenecks as some local banks reject the use of the fiat money for foreign payments amid a severe ...Published: 27 Jan 2017 at 06:15hrs | | by Staff reporter
Investors dump ZSE, flee for safety of cash
Fund investors have been pulling out of the risky Zimbabwean stock market at an alarming pace over the last 10 months, against the background of cash and liquidity challenges, weak total demand for go...Published: 13 Dec 2016 at 05:54hrs | 1 | by Staff reporter
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
Of bond notes and media deception
Nothing could be more pig-sickening than a packet of lies in black and white. It could be easier to forgive if it is taken as reckless abandon to detail by the writer, but becomes atrocious when it is...Published: 01 Dec 2016 at 13:17hrs | | by Rungano Dzikira
Ndebo yeZimbabwe inogwadza kwazokwazo
Butungamili gwenhangano weZanu golema banhu beZimbabwe bahhele hango yose bamwe abatohinga bamwe banohingila zodliwa kuGoli ndekuButswana abatonda kumakanyi ndekuti mari ayipo ayitoboneka....Published: 18 Nov 2016 at 08:49hrs | | by S. K. Gululu
Bankers advises Zimbabweans foreign trip travellers
THE Bankers Association of Zimbabwe (BAZ) has urged banking clients intending to undertake foreign trips to pre-notify their banks ahead of their travelling to avoid the failure of using their int...Published: 23 Oct 2016 at 11:01hrs | | by Staff reporter
Bond notes spark panic withdrawals
PANIC cash withdrawals, sparked by fears over the impending introduction of bond notes by the Reserve Bank of Zimbabwe, have affected many banks in the country, with most of them now struggling to ser...Published: 09 Oct 2016 at 08:11hrs | | by Staff reporter
At last, a 99-year lease breakthrough
Ninety-nine-year farm leases are now bankable collateral, and land reform beneficiaries will soon be able to access agro-loans on the strength of those documents, a Cabinet minister has said. ...Published: 03 Jul 2016 at 16:12hrs | | by Africa Moyo and Livingstone Marufu
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
Zimbabwe govt departments reject the rand
THE Government is formulating a framework to promote use of multiple currencies in its departments, municipalities and parastatals to reduce over-reliance on the United States dollar. The Rese...Published: 12 Jun 2016 at 08:48hrs | | by Staff reporter
Zimbabwe tweaks multi currency regime
Government is urgently formulating a framework to promote use of multiple currencies in its departments, municipalities and parastatals to reduce over-reliance on the United States dollar.The ...Published: 12 Jun 2016 at 02:06hrs | | by Kuda Bwititi
Rand use highly recommended
BANKERS and industry have recommended the adoption of the South African rand as the major transacting currency to reduce concentration of risk associated with heavy reliance on the United States dolla...Published: 08 Jun 2016 at 07:16hrs | | 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
Dump US dollar, adopt Rand, says Zimbabwean bankers
Bankers Association Zimbabwe (BAZ) president Charity Jinya on Monday told a parliamentary committee on finance that it used be wise to adopt the South African rand as major trading currency due to...Published: 07 Jun 2016 at 06:58hrs | | by Thobekile Zhou
'Let's adopt the rand'
BANKERS and industry have recommended the adoption of the South African rand as the major transacting currency to reduce concentration of risk associated with heavy reliance on the United States dolla...Published: 07 Jun 2016 at 06:32hrs | | by Business Reporters
Zimbabwe bankers to stop importing $50, $100 bills
The Bankers Association of Zimbabwe (BAZ) president Charity Jinya has said her body would soon stop importing $50 and $100 bills.Jinya told parliament's Finance and Economic developm...Published: 06 Jun 2016 at 23:22hrs | 1 | by Thobekile Zhou
Banks absolve themselves from wrong doing
BANKS involved in the transfer of cash to offshore accounts did so within the confines of the law and cannot be held liable for illicit financial flows, Bankers Association of Zimbabwe president Dr Ch...Published: 15 May 2016 at 14:07hrs | | by Enacy Mapakame
Banks absolve themselves from wrong doing
BANKS involved in the transfer of cash to offshore accounts did so within the confines of the law and cannot be held liable for illicit financial flows, Bankers Association of Zimbabwe president Dr Ch...Published: 15 May 2016 at 07:44hrs | | by Enacy Mapakame
Banks hike charges
BANKS have hiked transaction costs by up to 570 percent, leaving the bulk of depositors who are already living on the margins of poverty poorer.They are taking advantage of the crippling cash ...Published: 05 May 2016 at 10:03hrs | | by Staff 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
Home Affairs minister, Police Commissioner ordered to pay $550 for wrongful arrest
A Zimbabwean Magistrate on Friday 04 September, 2015 ordered Home Affairs Minister and Police Commissioner General Augustine Chihuri to pay $550 to Zulu Jinya, a Chingwizi villager, in delictual d...Published: 10 Sep 2015 at 08:26hrs | | by Stephen Jakes
Magistrate orders Chihuri to pay for wrongful arrest
A Zimbabwean Magistrate on Friday 04 September, 2015 ordered Home Affairs Minister and Police Commissioner General Augustine Chihuri to pay $550 to Zulu Jinya, a Chingwizi villager, in delictual damag...Published: 05 Sep 2015 at 08:20hrs | | by Stephen Jakes
Minors claim $6000 from Chihuri and Mohadi
THE trial of Home Affairs Minister Kembo Mohadi and Police Commissioner-General Augustine Chihuri commenced on Tuesday 30 June 2015 at Chiredzi Magistrates Court with two minors claiming $6 000 fo...Published: 02 Jul 2015 at 06:24hrs | | by Stephen Jakes
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
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
Harare 'witches' back to their hooking business
The two women who were caught undressed claiming to be witches at a house in Budiriro, Harare and were arrested were back to their prostitution profession in Chihota communal lands.Elmet Mbe...Published: 10 Oct 2013 at 14:20hrs | | by Staff reporter
'Harare witches' claim to be 'actors' and not 'witches'
The two suspected "witches" who were arrested in Budiriro last month and charged with practising witchcraft, have threatened to file defamatory damages against anyone who continued to label them witc...Published: 03 Oct 2013 at 05:44hrs | | by Staff reporter
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