Business »
Thursday, 10 January 2013 12:34
HARARE - Capital Bank Corporation Limited (Capital Bank) has submitted its recapitalisation plan to the Reserve Bank of Zimbabwe (RBZ) after it missed the December 31, 2012 deadline. According to RBZ’s phased recapitalisation requirement, commercial and merchant banks are supposed to...Read More
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Business »
Friday, 28 December 2012 15:04
HARARE - Capital Bank Corporation Ltd (Capital Bank) is planning a $20 million rights issue, as part of efforts to comply with the Reserve Bank of Zimbabwe (RBZ)’s minimum capital requirements. With the Harare-based institution backed by a deep-pocketed shareholder in...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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News »
Friday, 30 November 2012 10:55
HARARE - Zimbabweans have had enough of President Robert Mugabe and Zanu PF failures, Prime Minister Morgan Tsvangirai said yesterday as he unveiled an election campaign plan that promises a million jobs in five years. The MDC leader was officially launching...Read More
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World »
Wednesday, 21 November 2012 14:10
KABUL - A suicide bomber dressed as a security guard blew himself up Wednesday in a street near the U.S. Embassy in the Afghan capital, killing himself and two other people, authorities said. The attacker set off the explosives attached to...Read More
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Business » Taurai Mangudhla, Business Writer
Wednesday, 05 September 2012 14:04
HARARE - Government should urgently recapitalise the Reserve Bank of Zimbabwe (RBZ) to bring stability and fairness in the banking sector, Bankers of Association of Zimbabwe (Baz) president George Guvamatanga says. “The starting point of financial services stability is a stronger...Read More
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Business »
Sunday, 02 September 2012 09:52
HARARE - The growing concern of how Africa can benefit from its vast mineral resources is put under spotlight at the forthcoming mining indaba, as the continent seeks a bigger profit share from the lucrative resources business. Zimbabwe is expected to...Read More
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Business »
Friday, 31 August 2012 12:50
HARARE - Stanbic Bank has surpassed the new Reserve Bank of Zimbabwe’s (RBZ) phased recapitalisation requirements by recording capital of $35,7 million as at half-year to June 30. According to the RBZ, all banks are expected to have at least 25...Read More
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Opinion & Analysis »
Wednesday, 15 August 2012 14:25
HARARE - Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono might have created many enemies during his reign at the height of the hyperinflation period, few would begrudge him for his efforts in trying to bring discipline to the financial sector....Read More
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Business »
Wednesday, 15 August 2012 01:05
HARARE - Capital Bank Limited (Capital Bank) — formerly ReNaissance Merchant Bank (RMB) — is now on a firm footing that it has even managed to repay most of its depositors, managing director Lawrence Tamayi says. The institution recently completed a...Read More
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News »
Wednesday, 15 August 2012 01:05
HARARE - Cabinet has approved the hike in minimum capital requirements for banks to $100 million as proposed by Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono. When the central bank boss announced the new requirements, there was a huge uproar...Read More
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News »
Wednesday, 15 August 2012 01:05
HARARE - Panic has gripped the country’s banking sector on how to comply following the upward review of capital requirements to $100 million by the Reserve Bank of Zimbabwe (RBZ). Economic analysts say the hike was necessary to instil discipline in...Read More
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