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treasury

Zimbabwe govt grinding to a standstill

HARARE - Fiscal pressures, which worsened last year due to higher-than-budgeted-for wage increases against the backdrop of a weakening economy, have escalated in the New Year amid fears that government operations may grind to a halt unless…
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Government squeezes smaller banks

The decision by Treasury to coerce Old Mutual and the National Social Security Authority (NSSA) to fund the March constitutional referendum had the effect of straining smaller banks after the financial behemoths mopped up their funds held…
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