Banking & Finance

Foreign banks tighten screws on Zimbabwe

14th September 2016 Staff Reporter 3

INTERNATIONAL banks are terminating working relations with their local counterparts, in a move that will affect the importation of cash and payments to foreign suppliers. BY VICTORIA MTOMBA Patrick-Chinamasa3 In his mid-term fiscal review of […]

Banking & Finance

Cash flight persists

10th September 2016 Staff Reporter 1

HARARE – Flight of hard cash from the economy has remained unabated despite moderation in recent months, amid indications that the cash ratio in the first half was six percentage points lower than the same […]

Banking & Finance

The Return of the Zimbabwe Dollar – Part 1

4th September 2016 Staff Reporter 32

The Zimbabwe dollar is currently in a state of suspended animation created by the then Finance Minister, Tendai Biti  in an effort to reign-in inflation that was running at over 79,600,000,000.00% in its final months (14/11/2008). Like […]

Banking & Finance

Standard Chartered records $6.1 m profit

2nd September 2016 Staff Reporter 66

HARARE – Standard Chartered Bank of Zimbabwe Limited has recorded an after tax profit of US$6.1 million for the first half of 2016. By Bornwell Matowa In a statement accompanying the company’s financial results, Group […]

Banking & Finance

CABS in $20.75 million surplus

31st August 2016 Staff Reporter 2

Old Mutual Zimbabwe’s Central African Buildings Society (CABS) doubled its net surplus to $20.75 million from $10.63 million last year, on the back of improved loan recoveries amid restricted lending. “This was mainly due to […]

1 16 17 18 19 20 21