Browsing Tag

POSB Bank

Fire scare at POSB Zvishavane

Oct 8, 2018 29,339

There was commotion at POSB Bank in Zvishavane last week when staff members and clients scrambled out of the banking hall after a fire broke out due to an electrical fault.
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Crimes & Courts

Money laundering case sucks in former CIO boss

Feb 10, 2017 553

By Fungai Lupande A Harare man who imported a BMW vehicle into the country on behalf of his United Kingdom-based cousin testified in the case of a former district intelligence officer, Mbereki Mbizo Nyathi, who is accused of concealing…
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Local

Bank haunts employees over bond notes picture leaks

Dec 12, 2016 337

By Professor Mutodzi A Zimbabwean bank has arraigned three of its employees before a disciplinary hearing for alleged serious misconduct after they were dismissed last month for allegedly leaking images of bond notes before their…
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Local

Zimbabweans fear another economic meltdown

Nov 30, 2016 423

Zimbabwe launched a "bond notes" currency which held its value against the US dollar on Monday, despite warnings that it could cause hyperinflation and suggestions it could bring down President Robert Mugabe. Formal businesses were…
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Crimes & Courts

POSB workers fired over leaked bond note pics

Nov 29, 2016 319

People's Own Savings Bank was yesterday fined $500 000 by the Reserve Bank of Zimbabwe for violating the Banking Act after its employees leaked pictures showing bond notes in the bank's vaults on social media.
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Local

Pensioners bear brunt of Zimbabwe’s cash crisis

Oct 15, 2016 22,583

By Dumisani Nyoni As the cash shortage persists in the country, Zimbabwe’s senior citizens find themselves bearing the brunt of the crisis. Hundreds of pensioners have been forced to spend nights in bank queues in efforts to try…
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Business

Worsening cash crisis to trigger more protests—Watchdog

Oct 5, 2016 367

By Tatenda Dewa | Harare Bureau | A local watchdog promoting peaceful co-existence, Heal Zimbabwe, on Tuesday carried out a quick survey around banks and immediately warned that the current cash crisis was getting worse and would likely…
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Business

Govt abandons Agribank, POSB privatisation

Jul 16, 2015 228

GOVERNMENT has shelved plans to privatise two State-controlled financial institutions, despite being severely constrained to prop-up struggling parastatals, the Financial Gazette’s Companies & Markets (C&M) has learnt.
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