Commercial Farmers' Union of Zimbabwe
Prices of basic commodities rising sharply http://www.thezimbabwean.co.uk Prices of basic commodities have risen in 2012 as compared to 2011. In a snap and random survey carried by ZNCC Harare research in some of the country’s top supermarkets, the year 2012 has seen a stead rise in the prices of goods.14.02.1202:12pmby ZNCC Daily Newsletter The price of 10kg palenta …
Panic As Zim Banks Run Out Of Cash http://www.radiovop.com/ By Ngoni Chanakira Harare, February 08, 2012 – Some commercial banks in Harare have run out of United States dollars, sending shock waves within the business community. A survey done in Harare today showed that mainly indigenous owned and controlled commercial banks had no cash this morning. Interfin Bank …
Sustainability in agro and farming business http://www.theindependent.co.zw/ Thursday, 02 February 2012 15:52 By Rodney Ndamba THE history of Zimbabwe’s economy cannot be separated from its past agricultural successes in Africa in the 1980s and 1990s. While today things have changed, the future of farming now lies in the presence of sustainable agricultural processes. Of course, farming faces risks …
Is the banking sector really safe and sound? http://www.theindependent.co.zw/ Thursday, 02 February 2012 16:44 By Linda Tsarwe IT took a lot of effort to attract deposits back into the system after dollarisation. Coming from a background where most people had lost their savings in the banks due to hyperinflation, no one was willing to go through the same …
RBZ limits instant cash withdrawals http://www.newzimbabwe.com 01/02/2012 00:00:00 by Gilbert Nyambabvu THE central bank has slapped a US$10,000 limit on instant cash withdrawals and introduced notice periods for larger transactions as the country battles to contain a worsening liquidity crisis. Presenting his monetary policy statement Tuesday, RBZ chief Gideon Gono said: “In order to facilitate country-wide smooth payment …
Five Zimbabwe banks risk closure (AFP) – 3 hours ago HARARE — Zimbabwe’s central bank said on Wednesday it has given five undercapitalised banks two weeks to raise cash or face closure, after several banks were forced to shut because of the economic crisis. At the end of last year five of the country’s 25 banks did …
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Govt intervenes on liquidity crisis http://www.dailynews.co.zw/ By Roadwin Chirara, Business WriterThursday, 26 January 2012 10:52 HARARE – Finance Minister Tendai Biti says that government is withdrawing $110 million from the Zimbabwe General SDR Allocation from the International Monetary Fund to ease the current liquidity crisis inmarket. Of the amount,only $20 million will be availed to the Reserve …
Zim piles on more debt http://www.dailynews.co.zw/ By ReutersThursday, 26 January 2012 15:09 HARARE – Zimbabwe is having to bolster its $4 billion 2012 budget with $110 million from an 2009 emergency IMF fund, a measure of the extent of an acute foreign exchange shortage in the southern African nation. Finance minister Tendai Biti, who has previously opposed …
Biti hints on duty U-turn http://www.dailynews.co.zw By Gift Phiri, Senior WriterThursday, 26 January 2012 15:17 HARARE – Finance minister Tendai Biti has been forced to take steps to slash the shock 25 percent hike of surtax on imports of food and other basics. Biti admitted at a news conference in Harare yesterday that he had come under …