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Deposit protection cover up by 900%

The government has increased the deposit protection cover level by 900% to a maximum of $10 000 per depositor per institution in line with the fund’s growth and prevailing macroeconomic conditions.

SA, Zim to open one-stop border

JOHANNESBURG — A one-stop border post that will fast-track trade between South Africa and Zimbabwe will be fully operational at Beitbridge in 2024, according to South African Home Affairs Minister […]

Zim records spike in company mergers

The Competition and Tariff Commission (CTC) has been handling numerous transactions involving mergers and acquisitions by companies in recent years. Zimbabwe’s poor economic environment has meant that big companies with […]

Corporate earnings to take severe knock

LOCAL financial services firm IH Securities has predicted that corporate earnings for listed companies will take a severe knock this year due to the collapse of the local currency.

TDB sinks $400 million in Zimbabwe

The Eastern and Southern Trade and Development Bank (TDB) has extended up to US$400 million loans to various sectors in Zimbabwe and the regional financial institution says it is committed […]

How Cryptocurrencies are changing Zimbabwe

The economic woes of Zimbabwe are not exactly news anymore. Yes, the headlines about trillions of Zimbabwean dollars being worth just one of their US equivalents may have faded, but […]

RBZ to liquidate exporters’ forex

the RESERVE Bank of Zimbabwe (RBZ) says it will liquidate all foreign currency that will be channelled into the country after the prescribed three-month period for exporters in a desperate […]

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