News
Recent changes in technology and the push for wider use of plastic money will make our lives much easier and better, especially with respect to using these financial technologies in our day-to-day commerce.
THE Reserve Bank of Zimbabwe (RBZ) has reassured foreign investors that remittance of capital is a top payment priority, and that payments will still be made in United States dollars.
The country and its citizens should note that efforts aimed at improving financial literacy are very noble and need to be pursed with vigour given the associated cost of a financially illiterate citizenry.
Most financial institutions met the June, 30 target of reducing their Non-Performing Loans (NPLs) ratio to below 10 percent of total loans, the Reserve Bank of Zimbabwe (RBZ) has said.
The Reserve Bank of Zimbabwe (RBZ) said it is “well on track” to unveil the bond notes in October, despite public resistance.
THE Common Market for Eastern and Southern Africa (Comesa) Competition Commission is expecting to receive more mergers this year on the back of resurgence in the global economy.
The Reserve Bank of Zimbabwe Credit Registry Bureau will go live this week, as part of Government’s initiative to enhance financial infrastructure for the benefit of borrowers and lenders in the financial sector.
Point-of-sale transactions rose by more than 117 000 in seven days to top 1,2 million in the week ending July 8 2016, raising optimism that consumers are gradually warming up to plastic money as an alternative to cash.
ON July 18 2016, the Deposit Protection Corporation (DPC) announced that the deposit protection cover limit had been increased from $500 to a maximum of $1 000 per depositor per member bank with effect from June 1 2016.
The Deposit Protection Commission says the deposit insurance fund has grown to over $15 million and is sufficient to cover risk of prejudice to small depositors in the event of bank failure.