Commercial Farmers' Union of Zimbabwe
‘Cash barons’ fleece farmers May 11, 2016 Crime & Courts Dr Matibiri Elita Chikwati Agriculture ReporterSome unscrupulous businesspeople are taking advantage of cash shortages to dupe unsuspecting farmers at the tobacco auction floors, the Tobacco Industry and Marketing Board has said. Briefing the Lands, Agriculture, Mechanisation and Irrigation Committee, TIMB chief executive Dr Andrew Matibiri said …
Bankers endorse bond notes May 11, 2016 Business John Mangudya Business ReportersTHE Bankers Association of Zimbabwe has welcomed the new Reserve Bank of Zimbabwe (RBZ) measures to address cash shortages and urged the transacting public to embrace them in support of economic turnaround efforts. Zimbabwe will soon introduce bond notes, which are backed by a $200 …
RBZ SCRAPS RAND, EURO PLAN . . . Exporters to keep USD receipts . . . Central bank forced into U-turn May 11, 2016 Headlines, Top Stories John Mangudya Prosper Ndlovu Business EditorTHE Reserve Bank of Zimbabwe (RBZ) has with immediate effect scrapped the apportionment of foreign exchange receipts into rand and euros and applied the five percent …
Yamamoto: Bond notes, coins – whatever! By ZimSitRep_M | May 10, 2016 4 Comments Source: Yamamoto: Bond notes, coins – whatever!– NewZimbabwe 09/05/2016 Mangudya is what Europeans would call a fencepost tortoise: “When you’re driving down a country road and you come across a fence post with a tortoise balanced on top, that’s a fence post tortoise. You know he didn’t …
BOND NOTES: A legal perspective Posted date: May 06, 2016in: Business, Columnists, Economy, Financial services, Legal, Opinion, Zimbabwe4 Comments By Fadzayi Mahere, HARARE, May 6 (The Source) – On the 4th of May 2016, the Reserve Bank Governor of Zimbabwe, John Mangudya, issued a press statement wherein he indicated that “the Reserve Bank has established a USD200 million foreign exchange and export incentive …
RBZ gives farmers corporate status…now eligible to withdraw $10 000 per day May 9, 2016 Headlines, Top Stories Dr Mangudya Elita Chikwati Agriculture Reporter—The Reserve Bank of Zimbabwe on Friday elevated tobacco farmers to corporate clients eligible to withdraw up to $10 000 per transaction. This was after the farmers protested the imposed maximum withdrawal limits of $1 000 …
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‘Only support productive farmers’ SUNDAY MAIL REPORTER 1 DAY AGO Farmers should graduate from subsistence agriculture to formal business models that can be supported with bank loans and training, Reserve Bank of Zimbabwe governor Dr John Mangudya has said. This, he said, would increase productivity and spur economic growth. The central bank chief also underscored …
Riots rock auction floors By ZimSitRep_M | May 8, 2016 0 Comment ANGRY tobacco farmers yesterday barricaded some auction floors, blocking both buyers and auctioneers from accessing the floors as tempers flared over the biting cash shortages and poor buying prices. Source: Riots rock auction floors – NewsDay Zimbabwe May 7, 2016 BY BLESSED MHLANGA The farmers were protesting failure by …
Measures and Interventions to Deal with the Current Cash Shortages whilst simultaneously stabilizing and stimulating the economy
Agribank reduce loss to US$5,8 million 0 Companies & Markets May 3, 2016By Staff Reporter In February this year the bank was removed from the United States of America sanctions list. THE Agricultural Bank of Zimbabwe (Agribank) recorded a loss after tax of US$5,8 million for the year to December 2015 from another loss of US$9 …