Banks as financial intermediaries between savers and investors affect the volume as well as mobilisation of savings, by providing the market with the diversification of instruments that will meet the precise liquidity needs of savers.
JOHANNESBURG – South Africa’s rand rose to its strongest since July 2015 yesterday as it crossed crucial technical points and ignited offshore buying interest. At 1508 GMT, the rand was up 0,28 percent to 12,260 against the dollar.
JOHANNESBURG – The rand broke below the R12.30 level on Tuesday morning, and even tested R12.20 to the dollar. By late morning it was at R12.24/$. The last time the local unit was at the R12.20 level was around June 2015.
The number of people making bank deposits has increased significantly in the past three weeks, President Emmerson Mnangagwa has said.
World countries need to decide how best to respond to the emergence of the Fourth Industrials Revolution vis-à-vis their national strategies and their ambition to leverage production as a national capability.
Total foreign currency receipts were up 3, 77% last year to $5,5 billion, the Reserve Bank of Zimbabwe (RBZ) said on Friday while calling for efficient use of the foreign currency and adoption of plastic money for domestic transactions.
The Insurance and Pensions Commission (IPEC) says it is working on a Micro-Pensions regulatory framework to cater for the country’s informal businesses as a way of enhancing financial inclusion for this previously excluded sector.
FBC Bank scooped the Contact Centre Association of Zimbabwe (CCAZ) First Runner-up Service Excellence Award in the Banking Sector Category.
FBC Bank continues to enjoy glowing international and local recognition as a stable brand. It continues unabated in offering superlative and diverse financial services under one roof.
FBC Group’s flagship unit, FBC Bank, won five Corporate Governance Awards at the Institute of Chartered Secretaries and Administrators in Zimbabwe (ICSAZ) Excellence in Corporate Governance Awards Dinner held on 29 Nov