HARARE – The banking sector plays an intermediary role in the economy through a process called financial mediation. In laymen’s terms, this simply means mobilising surplus deposits and lending to borrowers. Moreover, these deposits can be short term, medium term, long term, fixed or on-call. The majority of the $6 billion dollars annual deposits have…
EDITOR — Well done to Charles Manyuchi (pictured) our hyper-active, lethal and stinging boxing icon who has left the world in awe and his victim Russian Dmitry Mikhaylenko in shock and agony. As he broke the Russian’s unbeaten record, he showed that it’s not about pigment factor but his immense artistry as he showered the…
HARARE – You can have any currency you want as long as it is in bond notes — this is most likely to happen in Zimbabwe in the near future as the economy runs out of steam. It once happened to me with Air Zimbabwe where they offer you chicken or beef, only to tell…
EDITOR — For 36 years, the majority of Zimbabwean workers have been waiting for the Zanu PF government to deliver. However, the government has not and may never deliver for it has malfunctioned. Like a driver trying to put a car engine that has ceased in motion without overhauling it first, Zimbabweans are still waiting…
HARARE – Zimbabweans have gone through a lot recently — cash crisis at banks, a flopped State-organised May Day rally at Rufaro Stadium, the Environment minister’s ban on quail bird-rearing and, of course, the mandatory national pledge in schools despite resistance from different quarters — among other distressing developments. In addition to this, the citizenry…
HARARE – The announcement by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya that the central bank was in the near future going to introduce bond notes came as a shocker to all Zimbabweans. The country’s citizens have had a traumatic experience with the country’s currency and Mangudya’s Wednesday promulgation brings back sad and eerie…
EDITOR — Every time I read news on our prisons, it is sad that the media always report on the congestion in detention centres, with prisons filled beyond capacity. This situation over-stretches our prison facilities. It also draws attention to the various reforms that have been made in the criminal justice system, which include, among…
HARARE – In a state like ours, where the government hides its undemocratic tendencies behind the smokescreen of the Official Secrets Act and conceals important information from the public under the cloak of the Access to Information and Protection of Privacy Act, where corruption is rampant and bad governance is the order of the day…
HARARE – Vice President Emmerson Mnangagwa must be scrambling to find answers over the failure to fill up the 40 000-seater Rufaro Stadium for the Workers’ Day celebrations yesterday. Yesterday’s Workers’ Day, the first organised by an employer since independence in 1980, was supposed to be a show of force for the ruling party. However,…
HARARE – There has been much debate about the national pledge which compels millions of our schoolchildren to daily proclaim in every city and town, every village and rural schoolhouse, the dedication of our nation and our people to the Almighty and reaffirming the transcendence of religious faith in Zimbabwe’s heritage and future. Let me…
