Banking & Finance

Banks told not to hide behind prescribed minimum payouts

30th August 2016 Staff Reporter 3

THE Zimbabwe Banks and Allied Workers’ Union (ZIBAWU) says financial institutions have the capacity to pay their former employees more than the prescribed minimum retrenchment payouts under the July 17, 2015 Supreme Court ruling. Following […]

Banking & Finance

Global central bankers, stuck at zero interest rates, unite in plea for help from governments

28th August 2016 Staff Reporter 4

Central bankers in charge of the vast bulk of the world’s economy delved deep into the weeds of money markets and interest rates over a three-day conference here, and emerged with a common plea to […]

Banking & Finance

Rand rebounds a tad after Zuma offers support to embattled Finance Minister

25th August 2016 Staff Reporter 2

THE rand rallied against the dollar for the first time this week after President Jacob Zuma pledged support for Finance Minister Pravin Gordhan, in his ongoing battles with the Hawks. “Things could have been worse […]

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