WHEN it comes to populist policies such as indigenisation, you cannot question the craftsmanship and frothing passion of its most avid political proponents. It’s a zero sum game; foreign shareholders and the private sector have been bullied and marched into … Read more
Banking
LATEST POSTS
Kereke should check in with his shrinks
MUNYARADZI Kereke, the former central bank adviser, must think Zimbabweans are mental dunces who are enamoured of his brilliant self that we will let him treat us with the selfish disregard of a lover who tantalises you with the preliminaries … Read more
New bank capital requirements: a red herring
IN THE recent Mid-Term Monetary policy statement, the central bank has proposed a 10-fold increase in bank capital adequacy requirements (CAR) to US$100 billion. Whilst the chronic fragility within the Zimbabwean banking sector requires urgent redress, the proposed adjustments are … Read more
Gono-Kasukuwere spat clouding policy
THERE are very few people in Zimbabwean public life with finer qualities than Reserve Bank Governor Gideon Gono. I truly believe that Zimbabwe can only stand to benefit from his talents, wisdom and many years of experience both as Governor … Read more
Interfin: Want to rob a bank? Own one!
THE closure of Interfin and Genesis Investment Bank in the last couple of weeks makes for grim reading. The collapse of the two private indigenous banks due to recurring liquidity challenges raises serious questions regarding the fragility of the Zimbabwean … Read more
The risk of indigenising banks
A YEAR ago, David Brown – the head of Impala Platinum – believed Zimbabwe’s indigenisation plans for foreign-owned mines “would not happen”. The policy, which required all companies with a share capital above US$500,000 to arrange for 51 percent of … Read more
‘Under-the-mattress’ banking cause of liquidity crisis
ZIMBABWE is again enduring a liquidity crisis, this time of the mighty US dollar. In an attempt to deal with the crisis, regulatory authorities introduced, then rescinded a cash withdrawal limit policy and forced banks to repatriate 75 percent of … Read more
