Commercial Farmers' Union of Zimbabwe
‘Long way before a gold-backed local currency’ http://www.theindependent.co.zw/ Friday, 20 May 2011 10:05 Reginald Sherekete WHEN Reserve Bank chief Gideon Gono announced plans to introduce a new gold-backed local currency two years ago, the move caused a furore of interest and criticism. However the proposal seemed to have died a natural death since then. Now, amidst the firming …
Minister grounds AirZim http://www.dailynews.co.zw By Thelma Chikwanha and Kumbirai MafundaWednesday, 18 May 2011 14:13 HARARE – Crisis-ridden Air Zimbabwe plumbed new depths yesterday when damaging allegations surfaced that a cabinet minister was behind the controversial move by the Civil Aviation Authority of Zimbabwe (CAAZ) to ground Air Zimbabwe planes. Air Zimbabwe officials, who requested anonymity for security reasons, …
Now Zimbabwe talks of a gold standard while warning of U.S. dollar devaluation http://www.mineweb.com Zimbabwe’s Central Bank governor has gone on record as warning about the fall in value of the U.S. dollar while suggesting that his country should move towards a gold backing for its own currency.Author: Lawrence WilliamsPosted: Monday , 16 May 2011 LONDON – …
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Indigenous banks exposed to risks http://www.theindependent.co.zw/ Friday, 13 May 2011 15:17 By Chris Muronzi SEVERAL Zimbabwean banks are exposed to risks after RioZim Ltd failed to settle loans amounting to US$50 million, forcing the financial institutions to roll over the loans, businessdigest can reveal. Documents seen by businessdigest show that a number of local banks were reeling from …
Over US$1m RBZ assets to go under the hammer http://www.dailynews.co.zw/ By Pindai DubeMonday, 09 May 2011 17:17 HARARE – Reserve Bank of Zimbabwe (RBZ)’s property worth over US$1 million will be auctioned in Bulawayo by Ruby Auctions on Wednesday in a bid to recover an outstanding debt owed to Seedco International Company. The debt with Seedco, a …
Depositors’ safety net a trifle US$1m http://www.theindependent.co.zw/ Friday, 06 May 2011 17:28 Brian Chitemba DEPOSITS insurance in the country is weak and account holders do not have a strong safety net to cushion them in the event of banks collapsing.The Deposits Protection Board (DPB) –– created under the Banking Act Chapter 24:20 to administer the Deposit Protection …
Zim’s trade balance likely to fall http://www.dailynews.co.zw By Roadwin Chirara, Staff WriterFriday, 06 May 2011 16:00 HARARE – Zimbabwe’s the trade balance is likely to deteriorate by more than three percent of gross domestic product (GDP) in 2011, the International Monetary Fund (IMF) has said. According to the Bretton Woods institution’s regional economic outlook sub-Saharan Africa, global commodity …
GMB fund looted http://www.dailynews.co.zw/ By Roadwin Chirara, Business WriterFriday, 29 April 2011 16:20 HARARE – The Grain Marketing Board (GMB)’s pension fund has been rocked by serious allegations of corruption and misappropriation of funds, and company assets by senior managers. Although company chief executive Taona Munzvandi defended his contentious acquisition of a Borrowdale house and the payment of …
‘Two more blocs join common currency talks’ http://www.theindependent.co.zw/ Wednesday, 20 April 2011 20:28 Nqobile Bhebhe PLANS to adopt a single currency for the 15-member Southern African Development Community (Sadc) by 2018 could be overtaken by a much broader regional single currency and customs project that would include two other trade blocs, Industry and International Trade minister Welshman Ncube …
Farming is business — Official Sunday, 10 April 2011 21:30 Seed Co head of marketing Mr Ivan Craig Agriculture Reporter Farmers should treat farming as a business that needs both human and capital investment, Seed Co head of marketing Mr Ivan Craig has said. Mr Craig made the remarks while addressing farmers at a conservation …