Articles tagged 'cash shortage'

Dividends trapped in banks 17 June 2017 HARARE – While most counters on the Zimbabwe Stock Exchange (ZSE) have been trying to outdo each other in declaring dividends, concern remains over the failure by foreign investors to access their return in light of the liquidity crisis rattling the local economy. Despite the worsening economi...
Cash shortages hit car importers 1 April 2017 HARARE - The number of imported vehicles declined last year for the second time in five years in what motor dealers have linked to cash shortages. Official government statistics show that vehicle imports decreased by 5,3 percent in 2016 from 70 251 to 66 479 on the back of toughening economic ...
RBZ configures RTGS system to multi-currency 13 June 2016 HARARE - The Reserve Bank of Zimbabwe (RBZ) has configured the Real Time Gross Settlement (RTGS) system into a multi- currency platform set to include five currencies as it moves to mitigate against exchange control losses, it has emerged. An RTGS is an electronic money transfer for high value...
Cash shortages: Basic food prices soar 1 June 2016 HARARE - Zimbabwe is facing massive food shortages reminiscent of the 2008 hyper-inflationary era, as the country battles a worsening cash crisis that analysts blame on President Robert Mugabe and Zanu PF's poor economic policies. A survey conducted by the Daily News yesterday also showed that...
Econet moves to ease cash shortages 29 April 2016 HARARE - Zimbabwe's largest mobile telecommunication group Econet Wireless (Econet) says it has introduced an airtime credit service via its mobile money division in a move aimed at easing the acute cash shortages. The country has been experiencing a biting cash shortage since early March with...