Banking & Finance

Rand debate rages on as economy sinks

26th May 2017 Staff Reporter 0

AS the debate over whether the bond note has managed to solve the country’s cash crisis rages on, stunning revelations that President Robert Mugabe in 2010 rejected the adoption of the South African rand as […]

Banking & Finance

Stressed banks weep over cash shortages

20th May 2017 Staff Reporter 0

HARARE – Bankers yesterday broke their silence over the country’s worsening cash shortages — confirming in the process that even bond notes are disappearing from the formal market, amid concerns that the surrogate currency is […]

Banking & Finance

Robert Mugabe blocks rand adoption

19th May 2017 Staff Reporter 0

FORMER Finance minister Tendai Biti has disclosed that President Robert Mugabe in 2010 blocked the use of the South African rand as the official currency, possibly for fear of being politically subservient to his South […]

Banking & Finance

Banks sitting on $9bn: Mnangagwa

14th May 2017 Staff Reporter 0

VICE-President Emmerson Mnangagwa says banks are sitting on more than $9 billion as there are no takers due to the unavailability of viable projects. The Acting President said on Wednesday that Government has engaged financial […]

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