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Martin Kadzere Senior Business Reporter THE Parliamentary Budget Office has warned that the Government could default on its Treasury Bills payment obligations on maturity, a development it fears could leave most local commercial banks, which hold the bulk of the TBs stock heavily exposed. The Government has been heavily relying on domestic markets to finance budget deficit.
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Business Editor Banks are the major participants in illicit financial dealings at a time when the public is accessing as low as $50 per week due to the shortage of cash in the economy. This was revealed after a Stanbic Bank Zimbabwe manager was caught red-handed in underhand currency trading at one of the bank’s […]
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Business Reporter CBZ Holdings Limited is targeting to grow its loan book by $20 million this year, amid expectations that its huge stock of sovereign paper will give it access to more lines of credit.
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Daniel Nemukuyu Senior Court Reporter— Bond notes will be released into circulation without glitches next month after the Constitutional Court yesterday dismissed, with costs, a challenge by Zimbabwe People First leader Dr Joice Mujuru as premature and speculative for seeking to challenge bond notes that are not even in circulation. It is the court’s finding […]
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Business Reporters The Reserve Bank of Zimbabwe says at least $75 million worth of bond notes will be in circulation by December, but will only be issued in smaller denominations of $2 and $5 to allay public scepticism. The notes will be released into the economy at the end of October in support of an export […]
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Business Correspondent Government has reiterated its commitment to clearing it arrears with multilateral creditors while at the same time pledging to compensate former white farmers for land developments as part of its re-engagement process. This came out at Zimbabwe’s first high level investment conference in the British capital, London in nearly two decades yesterday. The conference […]