Business »
Friday, 12 April 2013 15:19
HARARE - The Zimbabwe units of Barclays and Nedbank have announced projects to boost their presence in Zimbabwe by opening new branches, installing new automated teller machines (ATMs) and developing new, technology-based banking platforms across the country. Barclays Zimbabwe and Nedbank’s...Read More
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News »
Friday, 12 April 2013 14:54
HARARE - A gold dealer has been remanded in custody to April 25 on allegations of murdering Allan Banks and leaving his body to decompose in the boot of his car. A calm looking George Francis Lovell, 31, clad in a...Read More
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News »
Friday, 15 March 2013 10:33
HARARE - Indigenisation minister Saviour Kasukuwere insists that foreign-owned banks will not be exempt from the controversial empowerment programme. According to reports by state-owned broadcaster ZBC, Kasukuwere told a tobacco growers’ forum organised by Boka Auction Floors at Tsakare Primary School...Read More
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Business »
Monday, 04 March 2013 12:43
HARARE - Zimbabwean financial institutions should brace for a tough economic climate this year due to tighter regulation and indigenisation threats, a report by stock broking firm Lynton-Edwards says. Last year, Finance minister Tendai Biti and Reserve bank of Zimbabwe (RBZ)...Read More
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Business »
Wednesday, 27 February 2013 11:50
HARARE - The National Social Security Authority (Nssa) says it will not bail out banks in which it has interests if they fail to meet the central bank’s recapitalisation requirements. This comes as the pensions authority has deliberated on a Deloite...Read More
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News »
Tuesday, 19 February 2013 11:49
HARARE - Indigenisation minister Saviour Kasukuwere has said his bid to win majority control of foreign-owned banks was facing resistance from technocrats linked to Zanu PF. The Zanu PF legislator told a Masvingo gathering at the weekend that a directive to...Read More
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Business » Chengetayi Zvauya, Parliamentary Editor
Friday, 15 February 2013 15:15
HARARE - Indigenisation minister Saviour Kasukuwere has attacked central bank governor Gideon Gono and Finance minister Tendai Biti over their utterances against his empowerment programme, labelling them “noisy characters.” Kasukuwere yesterday told Parliament’s committee on Women, Youth and Gender that...Read More
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News »
Tuesday, 12 February 2013 09:59
HARARE - Econet Wireless (Econet) executive Darlington Mandivenga says remarks made by immediate past Bankers Association of Zimbabwe (BAZ) president John Mushayavanhu that the mobile giant has “denied banks access” to its platform for integration are misplaced. The long-serving executive, who...Read More
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Business »
Sunday, 03 February 2013 14:21
HARARE - Zimbabwe government’s unrelenting efforts to indigenise foreign-owned banks have been received with mixed feelings. While some analysts feel the move is outrightly wrong, others believe it can be done, but tactfully. The indigenisation of foreign-owned institutions has become a...Read More
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Business »
Friday, 01 February 2013 13:22
HARARE - The Reserve Bank of Zimbabwe (RBZ) yesterday signed a memorandum of understanding (MoU) with financial institutions, which sets out guidelines on bank charges and interest rates. The agreement is with effect from February 1 and shall endure for a...Read More
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News »
Friday, 01 February 2013 12:17
HARARE - Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has maintained his stance on the indigenisation of foreign-owned banks insisting government should be cautious in dealing with the “delicate” institutions. In presenting his 2013 monetary policy statement yesterday, Gono said...Read More
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Business »
Thursday, 24 January 2013 12:18
HARARE - The National Social Security Authority (Nssa) says Deloitte and Touche has submitted a draft of the study on its banks merger plan. The pensions administrator commissioned the auditing and accounting firm to explore the feasibility of its intention to...Read More
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Sport » Austin Karonga, Sports Writer
Sunday, 20 January 2013 09:13
HARARE - Rivals Matabeleland Tuskers and Mashonaland Eagles clash in the Coca Cola Pro50 Championship final at Queens Sports Club tomorrow with the hosts’ coach, Heath Streak, pinning hopes on home support. Tuskers finished the round robin stage in pole position...Read More
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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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