Business »
Saturday, 12 January 2013 10:25
HARARE - A Deloitte & Touche study on the National Social Security Authority (Nssa)’s banks merger plan is expected next Tuesday, officials have said. While the pensions fund’s acting general manager Tendai Mafunda has confirmed the development, Nssa commissioned the study...Read More
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Opinion & Analysis »
Thursday, 10 January 2013 12:21
HARARE - The year 2013 promises to be one in which the banking sector must brace for tough reforms that will leave its members with no choice but adopt measures that ensure both them and depositors are protected. When the Reserve...Read More
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Business »
Sunday, 30 December 2012 14:08
HARARE - The Bankers Association of Zimbabwe say government’s proposed fiscal reforms, which will see huge reductions in banking service charges and interest, will wear down industry profitability and compromise recapitalisation. Finance minister Tendai Biti said banks should, starting January 2013,...Read More
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News »
Sunday, 30 December 2012 13:53
HARARE - Police say cases of house breaking are on the increase in Harare, largely due to people keeping huge sums of money in their homes. Tadious Chibanda, the Harare police spokesperson, said such cases have doubled since December 21, with...Read More
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News »
Sunday, 23 December 2012 12:42
HARARE - Retailers hoping for a last-minute festive season buying frenzy after weeks of flat sales failed to get the tills ringing after a presidential decree declaring Monday a public holiday. Banks closed for business on Friday and will re-open on...Read More
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Opinion & Analysis »
Thursday, 13 December 2012 12:54
HARARE - A hint by Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono that he may consider extending an olive branch to banks, which are struggling to meet his new recapitalisation thresholds is welcome in many ways. His statements, although not...Read More
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Business »
Monday, 10 December 2012 13:57
HARARE - Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono says he might extend an “olive branch” to struggling financial institutions that fail to meet the December 31, 2012 recapitalisation deadline. Although most banks such as CBZ Bank, FBC Bank and...Read More
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Business »
Friday, 07 December 2012 11:02
HARARE - Zimbabweans must pay back their loans to facilitate viability of the banking sector, Vice president Joice Mujuru has said. The Zanu PF number two not only echoed President Robert Mugabe’s calls for bankers not to abuse depositors’ funds, but...Read More
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News »
Wednesday, 05 December 2012 14:10
HARARE - The battle for control of the Anglican Church continued yesterday with lawyers representing disgraced ex-communicated bishop Nolbert Kunonga seeking to turn the tables against the Church of the Province of Central Africa (CPCA) saying the Anglican Church is approaching...Read More
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News » Fungai Kwaramba, Staff Writer
Saturday, 01 December 2012 13:05
HARARAE - The Anglican Church saga has sucked in top banking and lending organisations with the Church of the Central Province of Africa (CPCA) demanding that institutions such as the Standard Chartered Bank ensure that defrocked clergyman Nolbert Kunonga returns money...Read More
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Business »
Wednesday, 07 November 2012 13:09
HARARE - Zimbabwe's Finance minister Tendai Biti has said lenders, including units of Barclays and Standard Chartered banks, had a last chance to support the central bank’s Treasury bill sales or they would be compelled to buy negotiable certificates of deposit...Read More
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Business »
Thursday, 11 October 2012 13:11
HARARE - Reserve Bank of Zimbabwe (RBZ) says it is not in a position to divulge the number of banks that have complied with its capitalisation plan and September 30 submission deadline. RBZ spokesperson Alson Mfiri told businessdaily that the central...Read More
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Business »
Tuesday, 09 October 2012 12:40
HARARE - Strengthening auditing standards and efficacy of corporate boards, among other measures, could improve the medium-term outlook of Zimbabwe’s financial sector, the African Development Bank (AfDB) said. Damoni Kitabire, an economist with AfDB’s Zimbabwe office, said there is need for...Read More
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News » Richard Chidza, Staff Writer
Monday, 17 September 2012 10:30
HARARE - Combative Youth Indigenisation and Empowerment minister Saviour Kasukuwere has lashed out at foreign-owned banks and gave a stark warning “swim or sink.” Known as “Tyson” in political circles, the youthful minister told a Zimbabwe Economic Society organised discussion that...Read More
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Sport »
Thursday, 13 September 2012 09:50
HARARE - Prosper Utseya and Ray Price could be key cogs in Zimbabwe’s wheel. Zimbabwe captain Brendan Taylor is banking on the experienced spin pair of Prosper Utseya and Ray Price to spring a surprise at the ICC World Twenty20. Speaking...Read More
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