After 130 years in the country, Standard Chartered is leaving Zimbabwe. The group has announced it is exiting a number of operations around the world, including Zimbabwe, to cut costs.
The bank said in a statement on Thursday that it will leave Angola, Cameroon, Gambia, Jordan, Lebanon, Sierra Leone and Zimbabwe. Standard Chartered will also close its retail banking units in Tanzania and Ivory Coast, to focus only on corporate banking.
Standard Chartered Group CEO, Bill Winters, said: “As we set out earlier in the year, we are sharpening our focus on the most significant opportunities for growth while also simplifying our business.”
The markets that will be closed generated around one percent of StanChart’s total group 2021 income and a similar proportion of profit before tax. Stanchart operates in 59 markets and serves clients in a further 83.
The bank said that it had taken steps across the group “fundamentally transforming its digital capabilities in its African markets”.
In Zimbabwe, the bank had already significantly cut its branch presence to focus on digital services.
Standard Chartered is the oldest financial institution in the country, having first set up in 1892 as Standard Bank in Bulawayo. In 1969, the bank was forged from the merger of Standard Bank and Chartered Bank. It was fully incorporated in Zimbabwe in 1983.
The group will now look to find a buyer for the bank. In June 2021, StanChart Zimbabwe had assets of Z$17.8 billion. The bank accounts for just 3.25% of all bank loans on the market, according to central bank data.
In 2019, StanChart was fined US$18 million by the US government for violating American sanctions on Zimbabwe by handling transactions for state-owned firms and sanctioned individuals. NewZWire
It’s fine it’s time for us blacks to own banks
All because of Zanu pf.
Jerry ICee how about in other countries they are leaving…is it zanu too?
Shepherd Nyathi Are you denying the fact that zanu pf brought this poverty forcing people to seek better living in other countries? This migration is not voluntary my guy, but poverty driven.
Jerry ICee I said what is the reason they are leaving…Angola…Ivory Coast…Tanzania…Cameron etc? The answer will give the reason why they are leaving Zimbabwe.
Shepherd Nyathi in Zimbabwe it is Zanupf then other reasons elsewhere
Shepherd Nyathi bayeke abantu abadull abasizeki
Raymond Chinoda so you now the executive at standard to give them reasons for leaving.
Shepherd Nyathi stanchart is moving to markets with higher returns. All these countries there are pulling out contributed only 1% to their global business. Our economy is not performing well how do expect a bank to make money better than other countries. Stanchart already issued a statement about their move
Shepherd Nyathi
“StanChart cuts seven minnow businesses in Africa and Middle East
LONDON, April 14
But the complexity of operating at that scale left the bank with a comparatively high cost to income ratio of 74%, which exiting sub-scale markets will help to improve, Tian said.
The markets being cut generated just 1% of total income in 2021 and a similar proportion of profit before tax, the bank said. StanChart is currently present in 59 markets overall and serves clients in a further 83.
It did not immediately comment on the number of job losses as a result of the cuts.”
Raymond Chinoda so is that decision political or its strictly business?
Shepherd Nyathi that’s a business decision. Our economy is failing because of Zanupf failure for decades
Raymond ChinodaRaymond Chinoda you are right …the decision is strictly business…nothing political or zanu about it.
Shepherd Nyathi Zanupf is in charge that’s why we mention it
We also mention Chinese communist party for great economic growth in China
Raymond Chinoda am glad you don’t make decisions for stanchart
Shepherd Nyathi markets performance determine decisions for stanchart. What shareholders need is good returns on their investments.
Kutonga kusvika bank ratama😭😭😭
Justice Koke Maphosa Kusakadza nyika kuita mamvemve chaiko.
Justin King JacksonJustin King Jackson pakaipa
Bank kuenda kkkkk
Justice Koke Maphosa Mabanks… Barclays and Stan.chart
Justice Koke Maphosa did you bother finding out why they are closing…its not only in Zimbabwe.
Shepherd Nyathi they closed in Zimbabwe and open onother Branch in Zambia
Justice Koke Maphosa you haven’t answered me. Why are they closing in Angola..Gambia..Cameron…Tanzania among others? That they are opening in Zambia is not what asked.
Shepherd Nyathi iwe ndikutaura zve zim unoda nditaure zve Gambia zvandisingazivi here kasi uri we zanu
Justice Koke Maphosa of which you are wrong. Stop politicizing everything in life. You will have a stunted lifetime. The same reason they are closing in Zimbabwe is the same.reason they are closing in other countries. Trying to score cheap political goals is a problem with most Zimbabweans.
Shepherd Nyathi iwe maziviro ako neeangu zvakasiyana wakaguma rinhi ku deposer or ku withdrawer mari pa machine we standard chartered?
Justice Koke Maphosa I don’t bank with them….and I never did. Besides what have an ATM got to do with this action. Just read their press release and find out why they are closing and stop all unnecessary political theories.
Shepherd Nyathi iwe usabvunze zvisina basa vanovhara muno vachivhura kumwe kukata macost kwacho kuri papi
Justice Koke Maphosa ko dzimwe nyika remember avasi kuvhara Zim chete
Mukayana Maposa ini ndoziva kuti vakavhara zim chete vakavhura ku Zambia ini ndiri mu Botswana Standard chartered ndoyakatobata hazvitombofungidzirwi kuti ichavhara
Shepherd Nyathi i like your question brother people are put politics
Justice Koke Maphosa 😂😂😂
Yeye Fazer handisi kunyeba ndikutaura chokwadi
Shepherd Nyathi All those Countries you just mentioned also have the worst economies in Africa that’s why they are closing. The reason is to “cut cost” which means they losing money paying workers and renting bills while they are not making profit because of the collapsed economies of the listed countries.
Justice Koke Maphosa 🤣🤣🤣🤣🤣
Shepherd Nyathi Instead of profit they are loosing.
Vamwe vatopererwa nemabasa it never rains but it pours in Zimbabwe.President vachingoisa zvibhorani nemabhazi
Justin King Jackson eeeee ndizvoz
Loyd Muk Shepherd Nyathi haazivi kuti mabank aya arikuda profit kwete kungochengetera vanhu mari chete.
Justice Koke Maphosa Happy Easter 🤸🤸🤸
Chihera Mai Trevor happy happy
ED curse.
Vakamboshinga
That can’t be good news. Hardly confirmation of ticking economy. What say you Mthuli?
Vangagarire ma bond iwayo here
Hazvitishamisi ,zvakonzereswa nengwena
ukaona zvadai woziva kuti musha waita ngozi
Havasi kuvhaira Zim chete vavajaira kucharger mazimari ekupenga , plus vashandi vemo pride
Lonelyson Jeketera wanzwa kuti chikonzero ndecheyi
Lonelyson Jeketera they opening a new branches in Zambia and that speaks volumes
Evans Shayanewako After 130 years in the country, Standard Chartered is leaving Zimbabwe. The group has announced it is exiting a number of operations around the world, including Zimbabwe, to cut costs.
Tawananyasha Kop Sunguro The bank said in a statement on Thursday that it will leave Angola, Cameroon, Gambia, Jordan, Lebanon, Sierra Leone and Zimbabwe. Standard Chartered will also close its retail banking units in Tanzania and Ivory Coast, to focus only on corporate banking.
Lonelyson Jeketera unenge vezanu chete iwe
Pride Vhurandi Handisini ndabudisa statement ye Nehanda and stating that fact cannot link anyone to a political party
Lonelyson Jeketera okay sorry,which they don’t get profit in all those countries how they cut costs while they do business
Pride Vhurandi do business where
Lonelyson Jeketera in country like zimbabwe
Lonelyson JeketeraLonelyson Jeketera yoooooo hoo
Lonelyson Jeketera waverenga main story here
Lonelyson Jeketera zim yadhakwa chete stop sanitizing
Endai kuPOSB chief ndokwenyu iro raivawo nevezera ravo. Besides it’s the state that made it so. Back in the 80s ordinary Civil servants had accounts there. It’s exit kills investor confidence. Besides maida vagarire mabond iwaya vachingonyura
Smart Chakanza Vasikana🙄 sounds like you know me
nd opening in Zambia
Wakamboedzawo ndiwo vangadiiwo
ZIM is Open for Business
Patience Tsikada what business when you guys are literally runaway slaves
Go and open one
Nehanda unononoka kunzwa nyaya,
Havana chekugarira munyika inotongwa nen’anga
Banda Luke shuwa ma bonds , izibhonda e bank e nkulu kanje, sis mani, rega vezvirovere pasi, kushasara posb chete, watch da space
Banda Luke ko dzimwe nyika futi dzotongwa nen,’anga here
Mukayana Maposa dzakaita sedzipi?
Banda Luke post yatikudii
Banda Luke 🤣🤣😂😂🤣😂
Mukayana Maposa that’s was just a public relations statement Incase they may want to come back……. #Register to vote
Banda Luke ����� nyika inotongwa negodobori nezvitopota zven’anga kkkk
Mukuru must tap in .Zimbabwean banks it’s time to shine
Anold Hamandawanda 🤣🤣🤣🤣🤣🤣🤣🤣 mafunga kubira diaspora pple hamunyari
Anold Hamandawanda Just take time to google standard and Chaterered bank. You will understand the long term impact. It’s not the closure of a spaza shop.
Benjamin Zvidzai it’s an imperialist company nothing special about it
Tinashe Makamure unorwarawo iwe…vanogarira ku chengeta ma bond.mari hombe yenyika isnga gone kutenga chingwa why would they stay anywhere
Anold Hamandawanda anoshaina naiwo mabonds iwawo ?????
Tinashe Makamure The economy doesnt run on bond notes. A country cannot function without investment. The “imperialist” and “sanction” terms has been used to blind ineptitude and self enrichment. Just look around and see what has become of our country. Unless you’re one on them, the you’ll be happy with what you see.
Benjamin Zvidzai haa maSanctions arikuitwa renewed every year.. Unless if you choose to ignore that… They can’t just impose sanctions for no reason.. A 20 year old Zimbabwe ichirikubuda mukaka pamhino economy was in the hands of the former colonizers.. Anglo-American companies, they all closed.. We didn’t have black billionaires by that time dai taive navo we wouldnt be in this position yemabond yaukutaura
Benjamin Zvidzai You can say that again, some people suffer from delusional disorder. They think it’s a spaza shop
Anold Hamandawanda will never trust indigenous banks never!
So what will happen to the employees??
Planmore Mlalazi unemployment ⬆️⬆️
Planmore Mlalazi Going kumusha
Planmore Mlalazi they get hefty pensions & pay out in US dollars no need to worry about them bro.
Planmore Mlalazi now jobless,
Zupco Bank will take over
Eeeeish
Kutonga kusvika bank ratiza
Felix Tarikwa
Kkkkk
So sad for Zimra and other at large
They have done looting
Elder Malvin Mugauri Looting! Please clarify what you mean. Foreclosing on an unpaid debt and taking the collateral is not looting.
Duncan RolloDuncan Rollo what else did the Europeans come to do in Africa besides looting
Good for them
Nyika yaoma ukaona bank rotiza
Brick by brick
Pandasvika pabeitbridge ndikaona manakiro aiita nyika ndabva ndangoti Ed ngaapinde hake 2023 aoedze basa
mongobva magarira henyu ikoko
Good news
Signs of very poorest n worst finance minister and reserve bank governor. U making banking system unconjucive
Kuthalani Mabhula around the world!!
Kuthalani MabhulaKuthalani Mabhula let’s research before commenting…
Kuthalani Mabhula meaning with orther countries
Shepherd Nyathi man simply meant why zim was chosen in the pool of withdrawal unlike zambia whre its building hq or sa whre the bank is stil operating
Phambili nge ZANU PF ✊✊✊
Tarie Terry pamberi
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Kutonga kusvika mabhanga atama Munyika
Zanu chiororo
Zimbabweans watching their horror show as usual!….. The most docile Africans on the continent 🥴🤔👁️
Haya
ED & Mthulì’s second republic
employees will just call them chitandati bhengi and carry on tinoisa mari dzedu imomo
Hanzi vashandi vemo pride guys kkkkkkkkkkkkkkk, vamama zve sure
Dura remari maita chipfukuto
Manje soo
Ko mari dzedu
Maanda Conrad Ngulube important question
Rendani Consolata Ngulube importantier.
Maanda Conrad Ngulube muthu athoma uvhidza community uri hatshewo vherine mastakeholder risongoddivha
Rendani Consolata Ngulube zvikomangadza
They can see that the economy is going for the waste Tagwirei ed and grew has us this far because of incompetence
Tariro Brian Mutaramutswa what did they help with in 130 years? Was a bank of elite whites I couldnt open an account with them with my 1985 Technician salary! No one will miss them! Where else in the world do they have operations beside looting African resources!
Asha Chohunda kuvhara kwavo hazvishamisiri vangavaripo to facilitate the transaction of looted resources
Asha Chohunda ok i can take that baba but someone day by day zim interms of economy we not going anywhere a reason why had to move out to get employed for what we qualified for so that doesn’t go well with me its my wish be to wrkng home for the betterment of our country zim but zanu pf has made it impossible so noway i can take this regimes side cause the results that we getting from them is closure of companies and major deals that are aint even fruitful all the policies they put in place they alwys not attract investors they only allow looting to take action smoothly
Asha Chohunda dont mind typing errors am in tarven n super drunk
…and Standard Chartered opens a new building in Zambia! 🤣🤣🤣
Leo Chirewo only one Branch operating in Zambia and ATMs
Wellington Will Tsepo Mswela your point being!?
Leo Chirewo we were denied to open Accounts for our business in Zambia they said they’re limiting accounts only going for selected start-ups. Said sooner or later they’re closing.
Wellington Will Tsepo Mswela only recently Hakainde Hichilema opened a new Standard Chartered building.
Leo Chirewo I’m in Zambia currently for the past 5 months and have been to that Longacres Standard Chartered Bank Lusaka I also use Standard Chartered Bank ATMs when there’s no FNB BANK ATMs in the Area I’m staying.
Leo Chirewo all other cities and towns branches have been closed. It’s only going to be focused in MENA (Middle East North Africa) in Egypt.
https://www.facebook.com/10750083165/posts/10159952967163166/
Leo Chirewo …and closed all other branches in all the towns, leaving two branches acroas the Country 🤣🤣🤣
Banks are closing and you’re busy lying that our economy is recovering….BRAATI SHIITI mheni
Clinton Cephas nhy hako what is this
Darlington Gwafa zvorwadza mheni kuenda munyika mako kutofamba nesaga remari yese turikuda kushandisa
That’s the result of poor bad financial management in a country 😪
Chiwara Tapiwa uyanya sonny standard is exiting in many countries get your facts right
Very sad indeed to see a company like this one exit Zimbabwe but what can we expect from a very useless government
Patrick Kelly so if it’s zanu here in S.A. is there any zanu
Patrick Kelly They have looted for 130years, now they are finding it difficult to do so hence they are leaving.
Before you blame zanu try to read their statement. They are leaving a number of countries..Cameroon..Angola..Sierra Leone among others. They are simply consolidating and streamlining their operations to cut cost. Lets not be politically minded all the times…As they leave other banks have come in..Nedbank and Ecobank…so its nothing political..they probably can’t stand the competition.
Shepherd Nyathi it a public relations statement kuti vawone kudzoka if economy improve
Aaron Madzore the fact is they run away because they couldn’t stand the competition. They have slowly been overtaken by others like CBZ and FBC just to mention a few. They lost their market share to others..new entrants compounded their structural problems. They were too elitist on top of that.
Shepherd Nyathi iwe usaite nharo dzisina basa vavhara nyika dzakadhakwa why vasina kuvhara ku South Africa thus politics ungaite business munyika yakadhakwa
Rodrick Stabola why did they close other countries too? Can you answer that?
Shepherd Nyathi other countries are poor like zim
Rodrick Stabola taura hako
Shepherd Nyathi what competition 🤔🤔🤔🤔
I sense something here let me thula ….bt everydown fall and such a company to exit the country it caused by poor governance… So politics must be addressed poor very poor 42 years celebrating poverty of people
Rodrick Stabola Angola is poor…Cameron is poor…Ivory coast is poor?
Bright Dube politics should be addressed in Angola…Tanzania….is that the reason they gave for the closure or simply trying to drive a certain political narrative?
Asi ahuzvizive nyika idzodzo economy vavo yakafanana ne zim so we don’t say they are rich.
Bright Dube uyo akuita nharo mumwe wevamwe vakudya Vega 42 yrs poor medical facilities poor education woti bank romirirei pakadai
Rodrick Stabola didnt know they have operations in south Africa?
Which operation
Shepherd Nyathi shepherd they put up a lovely headquarters in Lusaka 2 days ago
Bright Dube Zithulele Dube kkkkk
Shepherd Nyathi cut cost nhasi iwe
Shepherd Nyathi which competition there. We will always blame zanu pf for its lack of governance. We are concerned about a big company leaving Zimbabwe and dont care to knw the reasons why they also left Cameroon. Our government is so incompetent and our leaders are not even ashqmed to stqnd in front of the masses and lie
Pese apa vasaziva kuti zvine macost I politics idzi mumwe ndipo pakuramba zvir pachena asi makadyiswa nayo hurumende yemuno yekuti ikatadza amuzvione
Tinashe Baba Maka Chivizhe well the good thing is you don’t own a company…the bad thing is you hardly know why they left.
Shepherd Nyathi i dont own Standard Chartered but the reason why the left is clear. If yu run a company at a loss there is no reason go hold on uchingonzi Open for business
Tinashe Baba Maka Chivizhe did you read what they said?
Shepherd Nyathi they may have said what they said so they would probably come back when things gets better
Tinashe Baba Maka Chivizhe my brother banks are consolidating and downsizing everywhere …even in USA..UK…Hong Kong…Barclays left SA a few years ago…
Shepherd Nyathi thank you for clarifying.thats why zvichinetsa kusimuka kumunhu mutema.
the statement “exiting a number of operations around the world” is only a softener.they are just exiting operations in Zimbabwe because the country’s risk profile has become unbearable.the future is even more bleak due to clueless policymakers.it shows the open for business mantra didn’t meet the right actions.so if big things like Stanchart which survived under Mugabe leaves, how about that propagated Dubai fellow?will he commit?only time will tell
Winston Takunda Nyabaza well analysed and said
Winston Takunda Nyabaza what about orther countries
Winston Takunda Nyabaza this should be the headline well said
Winston Takunda Nyabaza Std Chtd began closing branches before the coup. When they closed Borrowdale branch the writing was on.the wall for all to see.
Winston Takunda Nyabaza even Zambia they’re also leaving does it mean that the Government of Zambia are clueless policymakers?
Winston Takunda Nyabaza Was about to say the same. U nailed it
Wellington Will Tsepo Mswela the actually invested 40million dollars kustandard chartered Zambia🤷♀️
Willard Chiwoto okay. They’re going to be focused on Egypt and Middle East North Africa (MENA) where there’s highest Volume of Business.
Wellington Will Tsepo Mswela you are lying they opened the headquarters in Zambia to the tune of USD40million
You are used to Zanupf lies you can’t even think for your self or read proof written sites, so pathetic!!
Stapora Senyora what’s ZANU PF? Where you here with me when we were denied to open our Cooperative Bank of Zambia LTD. Bank Account at Longacres? Don’t piss me off.
Stapora Senyora is there ZANU PF here in Zambia?
Wellington Will Tsepo Mswela get pissed tsek 🖕 you are now saying something else completely parralel and opposite to your main statement, you lied in your comment you now want to give dead reasons EDiot
Stapora Senyora I’m not your Mother’s Son or Dad’s Son I don’t belong or support any political party in Zimbabwe. So whatever party in Zimbabwe you support just support it quietly as you do when you go to ballot box. So don’t ever in your lifetimes again insult me or My Dear Mom. Insult your Mother’s Son or Dad’s Son not me. I’m not your mate or friend in life of Facebook or anywhere. So don’t gather guts to insult or name calling me. You’ve never met me before do relate nicely without insulting me or anyone whom you’ve never met.
BobandMargaret Rose Without being specific, banks closing branches is happening worldwide as on line banking is taking over. But a wholesale withdrawal from a country is a different kettle of fish.
Duncan Rollo you’re very correct. Thanks so much.
Duncan Rollo I was with them for many years and watched them starting around 2016 lay off the best people and shut down all their branches leaving a few overworked lower grade people who couldn’t cope. It was obvious that they were winding down. They did this while other banks were expanding, Yes expanding, thousands of people in Zimbabwe live on money sent by their relatives in the diaspora and need to go there in person, sometimes on foot, to collect their ‘usa’s’ in cash.
Winston Takunda Nyabaza saka iwe waifunga kuti bank iro nderedu here it’s obvius at one point rinofanira kuzongodzokera kwarakabva sekudzokera kwauchaita kuhuruva
Mosa Munohwa wangu kuhuruva tichadzokera, uye kudzokera kudzokera, asi mamwe madzokero anorwadza aenda wacho zvese nevasara.asi hauwoni here kuti kana munhu achiparidza zvekuti nyika ive open for business anoziva kunaka kwazvo.zvimwe zvinhu ndezve pasi pano, asi kuitika kwazvo unogona kuva mucherechedzo wekuti pane panoda kugadziriswa.even hurwere chaihwo, uhwo hunowanzo konzera kudzokera muguruva
Duncan Rollo the other countries?
BobandMargaret Rose thanks Bob
ED pfeee nyika inovakwa nevene vayo
Joseph Mapamba Ngavaivake tione kuti vachasvika papi asi kuisa zvigamba mumigwagwa
I forsee Pfumudza Chartered Zimbabwe 🤣🤣🤣🤣
Saka mukuti tangosara nemukuru chete
Muno muchasara CBZ chete. Ukaona ma bank ese aita bankrupt, wotoziva kuti kwatiri kubva ndiko kwatiri kuenda
Aaah shame 😓😓
Can’t bare the brunt of keeping large volumes of worthless rtgs in their vaults and continue pretending as if everything is alright.
I am surprised they were even still here Zimbabwe is a totally failed state.
Victor Dlamini u are lying Zimbabwe is good it dosent have racism . In South Africa ppl are being killed don’t full some other ppl like what u are .
Godfrey Nkunzani Which rock are you living under?It seems you are in dream land I see.
Victor Dlamini have you ever been to zimbambwe
Edmore Jah Jahure Duh I stay there why??
Edmore Jah Jahure Yes I have been to Zimbabwe several times, you guys are suffering seriously. It’s painful. Lack of food and economical crisis.
Edmore Jah Jahure Doesn’t matter weather he stays there or not,the country is in a bad shape period why do you people keep on cover up nje, sugar coating things making people blv ukuthi it’s not bad e Zim yhoo meanwhile people are scattered everywhere who are you trying to fool kant
Mampo Mpoli Thats the reality and I am shocked these people don’t see it.
Victor Dlamini yazi hayi, with people like this there won’t be any change
Edmore Jah Jahure he don’t need to be in Zimbabwe when 90% of Zimbabwean population is in South Africa
Goliath ZA 90%of Zimbabweans is in South Africa ,where do you get your facts and statistics ,get a life man ,out of around 16million total population less than 4 million are outside Zimbabwe that includes the rest of the world
Edmore Jah Jahure did you count yourself and those children you give birth outside your country?
Goliath ZA yes We know statistics ,we dont speculate like you ,and we are always moving back and forth ,We know excatly whats wrong with our country ,its not beyond repair and stop telling us to go fix it ,its one of the most stupid thing i have heard ,,(go fix your country) ,
Bye
The question is ‘ Who will now take over?’
Sad
It has been fined by the USA for dealing with sanctioned Zimbabwe chete
Peter Rangwani varikushanda swift kuvhiringa nyika dzevamwe
Peter Rangwani you’re making no logic at all. Just because you adopted the system of “fine” from your leadership it doesn’t mean everyone is bribing. It’s only your dirty culture. A country where you don’t easily get a license without paying for it. Very rotten
Ndlovu Augustus Taboka yaaaa zvakaoma hazvo
Peter Rangwani got your point chief, sorry for misunderstanding
Sad
What will they do in a country without money/currency
Moyo Bonnie no one will answer that, bacabanga ba special laba
Bcz of zanu pf all companies are gone looting too much promote bond note wat is this
Just go. The reason you are going is because you hate blacks. Your mission was to prop up colonisation and you failed to adjust. You are meaningless in Zimbabwean terms
Plz come back next year after election
I mean chaora chinhi ichi
Kutonga nyika kusvika mabank avhara
Go too much bank charges
Shame it’s so sad
Ngaibaye bank raisada kupa vanhu vatema maloans good riddance
Vote zanu nd hv banks by the name Rambai makashinga Bank
Cashiro Bang Aaaaah
Thank you to mnangagwa and gang
Never mind, Chinese banks have taken over.
When banks paid interest on deposits not now we are charged for keeping money in the bank
Bond banks
Yoh
Barclays first left Southern Africa was it because of President Mnangagwa?
“Masunctions from the West!…but we are building brick by brick because nyika inovakwa nevene vayo”
This is a fully furnished article without limitations
Kutonga kwaro
Let them go , they squandered my money in 1994 l don’t even miss them.
Poor governance 💔
They are leaving many other countries. In case some want to make political profit out of this.
Sylvester Takawira yes theyre leaving many other countries like zimbabwe
Sylvester Takawira They’re leaving all wrecked economic systems. Every country they’re exiting has a very poor economy and clueless leaders.
Most African economies are falling due to revolutionary parties that took over during the liberation of Africa. You think ZANU is the only problem? Naah almost everycountry in Africa is suffering because of parties that don’t want to leave the parliament. We’re so tired of these Political parties, they believe that they own our Countries because they fought a war with whites. Zanu is just the worst coz they even use bullets and death to remain in power. But it’s more than a Zim problem, even in SA They’re tired of ANC.
White governments were unfair to black people, but as far as progress, they did more progress than the Revolutionary Parties ever tried to do. These guys have failed failed and failed, they will fail and fail again until they fail!!
Once Upon a Time. I was a Millionaire. I Had 2 x 500 000 Zim Dollars 💵 in my Very Own Wallet.😂🤣
Then zanu pf supporters will tell you it’s normal but they don’t see that their party have failed everything for 42 years in Zimbabwe.
Command distraction vision 2030 led by EDiot
Ehhh….zim is going
Vaita mari vanhu ava through kuoma kwezvinhu
Carryon Sharks Zerema zvako munyori vaguta vamora vapedza now vaona kuti vanhu vangwara havachachengetesi Mario kubank
Its not just Zimbabwe but 6 other countries.It has nothing to do with Zanu.Stop politicising everything.Read and understand before rushing to comment.
Tanaka Tsapi if you ever passed Economics in your lifetime attribute it to copying n nothing else
Gxethani Tom 😁😁
Tanaka Tsapi your stupidity is beyond repair this is economics not comprehensive to bootlicking EDiots like you
Tanaka Tsapi nxa they’re leaving coz its no longer profitable. The question is why? Because of Zanu!
Tanaka Tsapi so if it’s not just Zimbabwe it becomes a good thing?Lame.
Tanaka Tsapi if anyone is politicizing that’s you but then you so ignorant you don’t realize it.Obviously you know next to nothing about economics.
Tatenda Manjeese is Zanu ruling in Tanzania and Angola too where they are closing too.Even in SA the are downsing closing many branches .
Tanaka Tsapi they’re being closed because they are no longer profitable in those markets too but for other reasons. Isu yedu reason toiziva. Economy yakauraiwa nemazi chembere epa shake-shake building
Tanaka Tsapi remember this is the last nail on a coffin to bury Zimbabwe economy. We have suffered a big blow.
Tanaka Tsapi You defend nonsense thats as a Zanu supporter. What can you count that has been done by zanu which is good in the sight of man.
Tanaka Tsapi had it been our politics was stable and creating a good business ground do you think this would have happened? Politics and ZANU pf take the blame
They have killed our lives😭😭😭😭
Anything bad happening now is caused by politics whether you like it or not
Robbery is politics caused right now in Zimbabwe
Now a 10 kg mealie meal is $11 usd which we don’t have
Register to vote my fellow Zimbabweans
Stapora Senyora you can say that again Tanaka chief bootlicker
Arnold Tarisai Makina
Which other countries tell us?
Do you think if everything was going smothly were they going to leave the nation? Its a number added yamarovha but still they are people who are standing for them shame
Tanaka TsapiTanaka Tsapi pple like you are the reason why Zanu is still in power . If u hv food in your plate thnk abt your neighbour who is slpng with empty belly Mr Zanu sympathizer .
Angola Tanzania Cameroon Uganda and Mozambique are the other countries Standard chartered bank is pulling out.
Tanaka Tsapi even if it’s not in Zimbabwe only my Bru everywhere they are they’ve been doing the same.
Tanaka Tsapi Saka ma situations acho akafanana here enyika idzodzo, uri dofo… 🤣🤣🤣🤣
Endaika zvenyu makauya Zimbabwe iripo zvakare muchangoisiya iripo,nyika inovakwa nevene vayo
Nikka where your source from
Tanaka Tsapi don’t get it twisted. They are closing branches in South Africa because of increasing internet banking so the demand for walk in banks is not as high as 10yrs ago. Keep up
Tanaka Tsapi vele nayo izanu ifana nawe useless
Tanaka Tsapi So you think you the only one who can read and not understand?
But zanu is part of the reason why they have left….
Tanaka Tsapi yes it can’t be Zanu PF, they could have left longtime ago but they stayed because of Zanu PF. Most of the top management were in very good books with Zanu PF and they knew how to mind their business 😀
We dont care about other 5 countries man. Obvious they are African country but better than ZW in economy. Zim is dead for sure.
CCC Cchaora Cchinh’ Ccho
Good
Chekumirira hapana
More problem for South Africa because all those employees will cross to South Africa 😭
Till
Till we meet again
Emmerson
Sadly missed a great bank gone too soon
Tanyaradzwa Bhebhe Memoryb Chideya see where we are going.
Amashona so
Let them Go
How can they not considering the decay manifest in every facet of life in the country due entitlement primitive beliefs premised on cruelty
To new money, digital money.time for Repositioning.The 4IR revolution
They perseverance to stay stay under these hush conditions were remarkable, eventually they realized that there is no hope of recovery economically
Quality is leaving Zim, while mediocre is becoming a replacement.
*I miss Rhodesia*
Thamsanqa Mleya Go back then
George Zungunde everything which represents Rhodesia has been looted. There’s not even currency which used to compete with the US Dollar. How does it help him to “go back?”
Jerry Tshabalala Handiti ati he misses Rhodesia. Variko varungu veRhodesia, tamba navo
George Zungunde but your compatriots are working for those exRhodesians in RSA. How ironical?
Jerry Tshabalala Choice yemunhu wega wega. No problem going back to Rhodesia. No problem to work for a Rhodesian. Its one’s choice
George Zungunde and what do you have in Zimbabwe now except huge unemployment; currency-less existence; lack of basic necessities; social despair and general apathy hence the journey to RSA for many is the only solution.
Just leave
It has everything to do with Zanu…….companies like those dont stay in a shitty place….the government instead of admitting that they do not know what they re doing they re busy blaming others….now its the russia ukraine war which is making the Zim dollar high…wtf is wrong with ruling zanu pf ….ignorance o stupidity i know damn well its not lack of education ….
Varungu havatidi ava kkkk
Well done many should follow and Zimbabweans should leave South Africa too , they make fun of people of KZN which were devastated by floods , climate change it will be coming for you too
Nokhuthula PremrozeNokhuthula Premroze 🤭
Nokhuthula Premroze Zimbabweans leaving South Africa? That can only happen in your dreams. Keep fooling yourself.
Nokhuthula Premroze Zimbabweans will never leave South Africa to go back to their own country,that is just how bad things are there.There is absolutely no hope of recovery economically,which is why they are immigrating in such a huge number.
Our country is their only hope and means of survival.
Its been struggling recently
This is a clear reminder that Mthulu Ncube is just a clueless stooge
All banks create money out of thin air…if that is not looting, what is?
Ebrahim Sodha That’s not looting – it’s a resentful fantasy.
Duncan Rollo Grayson F Mwakasege Leaked Wikileaks Doc Reveals US Military Use of IMF, World Bank as “Unconventional” Weapons
A carrot is dangled by IMF…largest merchant banks including Lehman brothers, Credit Suisse First Boston, Goldman Sachs and UBS/SBC Warburg Dillon… Goldman Sachs finally also admits it defrauded Investors During the Financial Crisis, ….these are known largest money managers who set countries on fire and ironically are called in as fireman (under the IMF “rescue plan”) to extinguish the blaze…
Ebrahim Sodha May I respectfully suggest you look up the meaning of the word “looting”.
Duncan Rollo May I suggest, you look up the Banking system, starting from Central Banks and Wars that are created by these evil lot…
Ebrahim Sodha I know about the banking system. I also know the meaning of the word “looting”
Duncan Rollo Here is a part lesson in Banking..(Jamaica) IMF decimating one country after another
https://www.youtube.com/watch?v=YoIJPwfsbqg
.
It was long overdue no currency exchange in Zimbabwe
Many other countries dzipi dzamuri kuziva,,,vangonyara kuti Zimbabwe chete ndiyo yadhakwa ok maybe with other countries kwacho
Dai vambomira apinda hake mukomana,, vozo decider to leave or to stay….#CCC
U people don’t talk lies it’s not about Zim only it’s about 6 countries in Africa
Blessmore Dhewa Those countries have corrupt economies that’s why they are leaving kkkkkk
Blessmore Dhewa other countries like Zimbabwe
Blessmore Dhewa 6 countries they are sugar coating which companies are using standard chartered none because many companies closed down
Blessmore Dhewa out of those 6 ndoyega isina currency
Now i understand
Kkkkk
Zim economy is dead,no one can run business and be successful .
Mxolisi Dube yes South Africa is betraying Zimbabwe
Sylvester Takawira eg
Shepherd Musekiwa just Google standard chartered latest news
They’re leaving all wrecked economic systems. Every country they’re exiting has a very poor economy and clueless leaders.
Most African economies are falling due to revolutionary parties that took over during the liberation of Africa. You think ZANU is the only problem? Naah almost everycountry in Africa is suffering because of parties that don’t want to leave the parliament. We’re so tired of these Political parties, they believe that they own our Countries because they fought a war with whites. Zanu is just the worst coz they even use bullets and death to remain in power. But it’s more than a Zim problem, even in SA They’re tired of ANC.
White governments were unfair to black people, but as far as progress, they did more progress than the Revolutionary Parties ever tried to do. These guys have failed failed and failed, they will fail and fail again until they fail!!
Soon the same fate will happen in south africa just a matter of time
Hilton Newman it will be worse in South Africa. Things in South Africa will be even hard to talk about and people can’t see it. In South Afrika people will eat dogs one day because most people are being misdirected from the truth. Let the people of South Africa study Cambridge and they will see
Maron Zondi Motaung No chance. Just coz u say so doesn’t make it happen. Ur curse will return to ur doorstep.
Hilton Newman so why SA now
Hilton Newman very true
Hilton Newman already siyanya ngapha esasafrika braas
Hilton Newman it happened already
At least South Africa takes care of its citizens.Zim have got all the minerals to benefit her people with grants and decent pensions for the old.but shit,they choose to loot all that money.
A heavy blow to real investor confidence, not those Dubai fly by night billionaires 🤣🤣🤣🤣🤣🤣
Budai muchinyika chekumama
Jobs jobs jobs aya ma1
Zanu pf is the reason why) ,,,varijoni chaivo vatadza Zanu pf ,,mozoti standard chartered ndoichaigona ,,,, look how many people vacharasikirwa nemabasa,,,,
Foreign banks should exit the entire continent especially South Africa next. I’m sure China can help out Africa. No need for the west.
Bertie Brink especially South Africa! Why must Africa be helped by China? Africa must help herself,they can if they can have strict and harsh punishment for leaders involved in corruption.
Bertie Brink Chinese are nonsenses very big silent scalem n looters without heart
With constant xenophobic attacks and tribal/warlords raging wars in DRC CAR Mozambique Sudan Mali just to name a few. I am sure there is a lot these countries can do to support and build each other up don’t you think 😂
Basic economics in oder to have your micro economy grow you need an inflow into the macro economy. Thus meaning capital and investment inflows from external. With Africa and its pure hate towards the west and their already Billions owned to IMF not to mention below investment grade ratings. They should welcome their new Chinese overlords.
Chinese are the worst alliens on african soil
There are banks in Zimbabwe moes, let them go
Go well, go hell
Even me I’m also leaving the country after 29 years to cut poverty
In Zimbabwe we are living better life than what u are saying . We say No!!!!! To racism. Land to the ppl and is opening for business. So many ppl are doing their business except those who ran out from the country who are still like to be some slaves telling lies about their country .
Godfrey Nkunzani A country is only as good as its people, your country has become a shithole !!!
Godfrey Nkunzani uthabeleni tsek mani shlama
Godfrey Nkunzani This is sickening , highest level of bootlicking , you talking junk concrete
Godfrey Nkunzani better you say You *** don’t say We …you and who ..maybe with some of your Zanupf thugs hanty …
Nxiiim
Godfrey Nkunzani
We❌
You✅
Ukwane iwe
YOU not WE fucken bursted
Godfrey Nkunzani btter life ipiko zimurakashi tsek mhani
Godfrey Nkunzani keep lying to yourself, sure you didn’t read the subject of the matter.
Do you call that business without banks, you really are a boil in the wrong place.
Godfrey Nkunzani if you are licking boots and that sounds like a living to you don’t say “we”
But you look the opposite…
Godfrey Nkunzani Even hating the country that host them can you speak sense to them do they can home
Godfrey Nkunzani lt is by choice to be where lam. Rather ama zvaunoda isu titori bho zvaunoona
Godfrey Nkunzani liar
Tapera Moyo it’s okay
Hezekial Masibi Truely we are more than those who are shouting their country.l am not a politician just ordinary Zimbabwean who is not a racist
Nhlanhla Mthembu They are some banks so many are being paid from the banks not Standard bank
Bongz Galuza we Just more than those who are talking some wrong information about Zim we need peace and to develop our country
Tate Mhuru Not l am not a politician just neutral plus supporting peace in our country every country they have thugs hantyo not only Zim
UMonica Mkhize i love your comment.
Godfrey Nkunzani Chinos aripi vanorwara vaye vatanga
Godfrey Nkunzani please call them back tuu🙏🏾
Godfrey Nkunzani ZANUPF academy trained you well🤣 inflated costs of living and only earning a fraction of what you should be getting paid is good living?!
Godfrey Nkunzani you got the land back years ago, wtf have you done with it?!
Godfrey Nkunzani if you say People are lying about Zimbabwe wht truth can you tell about the country , remember one thing Man, b4 it was easy to lie about what is happening in Zimbabwe, but now now there social media, People talk and put evidence,so wake up and stop dreaming we are in this situation because our Government has failed us as a nation,,we are not in South Africa because it is nice ,we are all over the world because the situation back there is difficult, we are called Names you think we are enjoying that , but because we have families to support , if God is for us all ,one day things will get better so that we enjoy life with our loved ones back home
Zanu pf sucks
They must go ,,, what defferent did in the country ,, only to benefit themselves ,,, we Africans need to have our own banks ,,,,, I never see people just blaming zanu pf wake up africans
Essa Khalid Muleya yes a country without a viable and respected currency is normal
Was it still there mukuru and ecocash are the only banks in Zimbabwe
No good news from Zimbabwe everyday.
Dzingori nharo veduwe zanu yauraya nyika
Not only about Zimbabwe don’t Zimbabwe as a failure stop exaggeration please Zimbabwe is living after 2000sunctions still today they going forward remember America and Europeans countries thought Zimbabwe will surrender everything to them after suntions
Bornwell Nkomo they are not going forward they are stinking armpit in other countries you call it forward?
Bornwell Nkomo nonsense
Mecks Dube what?
Dont tell us that stupid propaganda. 15billion wasnt stolen by sunctions. Go and tell your stupid gogos thay shit.
Bornwell Nkomo $15billion of diamonds from Chiadzwa mine we looted by the ZanuPF’s elites. Is that sanctions?
Jerry Tshabalala unfortunately I am not a politician Mr l was just talking about what I know.l think and believe u can go and ask ZANU PF members that money.
My point is Zimbabwe can survive long if there is no sanctions.
Totevera kwamunenge maenda
I think those 6 countries are neutral on the Ukraine vs Russia war
So what? Did you have shares in the bank? Apparently not! Just some house niggas worried bout the colonialist capital🚶🏿♂️🚶🏿♂️🚶🏿♂️
They can smell a one paper trillion dollars is coming again
Yaa vamboshinga
Ngavaende vane mapoor services
Is good don’t think caming back after everything is OK. Hypocrite
They are leaving deadwood full stop 🛑
Kkkkk dununu romunhu. Saka maChinese havasi maforeigners. Dzokera kuchikoro
The environment is not conducive and RTGS is a big turn off
Thanks….
To tell the truth standard chartered is forever looking for ways to cut costs, look at the number of branches closed in Botswana.
Batlang Setume true
Its the bussiness environment which is no longer rewarding if profits are something to go by.Go well stanchart.
Batlang Setume even in SA
Batlang Setume all bank’s are after profit so if profit iñgekho uyobe ukhamiseleni lapho
Njie Khumalo very true
Start your own banks and make them succesful…
Close the bank which was run by slave trade proceeds.
They just finished their business of slave trade loan in 2018.
We don’t need it,it reminds us of their shody deals of selling humans as fish
Willard Masungo and you woke up to eat your army worms, china
Melody McDonald l would rather eat worms than eating at the table of a colonialist. Theobald
Willard Masungo enjoy your worms then buddy
Melody McDonald Theobald thank you
Willard Masungo Mugabe took over in 1980, so why did “they only finish their deals in slave trade” in 2018?!
Willard Masungo only a pleasure
Melody McDonald Theobald Find out from the history books.
Mxxxm too much coruption
Aah well
Mufambe mushe zvenyu imi.. . .
It will come back after ccc has won
Stanchart is closing not only Zim but to some other countries .Still in Zim we have some good banks like Stanbic which is having more than two million ppl with savings account.Zim is not a poor country because 60% are moving with some luxury cars building good houses without having any kind of what some are saying .To say the truth is not to mix salt and sugar.
Godfrey Nkunzani I love ur spirit brother 💪👍
Godfrey Nkunzani WHICH LUXURY CARS THE ONE THAT ARE BEING SMUGGLED IN ZIMBABWE ACROSS LIMPOPO RIVER, FROM SOUTH AFRICA AND SELL THEM CHEAP THAT SIDE, PEOPLES WHO ARE LIVING GOOD IN ZIMBABWE ARE THOSE WHO ARE CLOSE TO THE ZANU-PF MASTERS 🤔
Godfrey Nkunzani people with luxury cars live overseas
Godfrey Nkunzani and who owns Stanbic? The same whites you don’t want in your country?
Africa must have their own institutions, they can survive without these European institutions. Look at EU
Mduduzi Cliford Ndaba Survive maybe, but not prosper.
Mduduzi Cliford Ndaba yes true stll under colony
Mduduzi Cliford Ndaba No we cant
Mduduzi Cliford Ndaba 🤭🤭🤭🙄🙄🙄🙄
Even zimbos have left the village called Zimbabwe
Emmanuel Makandiwa
Standard bank is closing operations not only in Zimbabwe but also in other countries around the world. So the people of Zimbabwe must not downgrade themselves and stop turning this into political affiliations. I think Zimbabwe is a better country where people has their own houses and land. They own the houses and cars which they enjoy. Nothing is of RDP. Zimbabweans are a more advanced nation and this makes it hard for them to operate in a low class environment. If you are too wise, if you are too clever with more of literacy in you mind, you end up having the mentality of exploring and exploration is done by people with global education as well high-tech in upstairs. White moved from Europe to Afrika not because they were poor or selfish, they explored the world and temporarily relocated to places where their explorations gave them better results. Exploring does not mean stupid, it is those with wisdom who do exploration. So standard bank might have suffered a blow in mismanagement, they even closed other branches in South Africa, Botswana and other countries around the globe.
The things that most Zimbabwean people have belongs to them even if the government poke their nose in. Houses, cars and some parts of the land belongs to the people of Zimbabwe without government giving them a hand of help. Be proud Rhodesia Zimbabwe. You only have a lot of enemies if you are too focused, wise, successive and educated with more than 60% pass rate in education.
Do not downgrade yourself good people
Maron Zondi Motaung but half of Zimbabweans are in south Africa
Yes💪🏻
Actually its zanu that was suppose to leave
consequence of poor governance
Say no to capitalism let them go.
Ok
Endayi you slave merchants, because Africa refused to sanction Russia , now this and that 🤣🤣😂
They will come back soon …. It’s me who said it
There is no money
They are facing a stiff competition from other banks,the bank itself is a failer,other banks are doing well
What is standard chartered?
Shame
#NgaapindeHakeMukomana
#ZanupfMustGo
Next is RSA watch the space
WOOW!!! Abo clever bakhulu!!😎
I cant believe it
Good
Ngavaende what did they do for the 130 years only facilitate plundeting of African resources!
Farai Marikopo invoking indiscriminate and emotional diatribes without a tangible solution is the height of all insanity.
Jerry Tshabalala what emotional diatribes? Have you copied this piece of jargon? Do you know the meaning of what you saying?
Farai Marikopo you don’t have to wear a dunce’s cap to demonstrate your level of intellect.
Zanupf supporters and EFF supporters same WhatsApp group
Ngavaende kana shungu navo those pink people are idiots. Too much racism mbavha dzevanhu.
The exit of standard chartered Bank should be a welcome development for african entrepreneurs to take that advantage and open their own banks and let go of these reminants of the colonial system.
Feel sad for it’s employees
To cut expenses, citing losses, this means they were nolonger making profit in.those countries
I also left Zimbabwe
Standard Charterd Bank plc is to pay US$18 million in fines to the US government for violating American sanctions on Zimbabwe by handling transactions for state-owned firms and sanctioned individuals.
The bank is being fined for allowing 1,795 transactions worth close to US$77million.
Under sanctions first imposed in 2002, and renewed annually since then, the US restricts the movement of money owned by Zimbabwean state firms and individuals on its sanctions list.
This is the reason why it businesses are closing in Zimbabwe. The formal way of doing business is blocked by America and Europe so that the people of Zimbabwe will turn against their government.
Blessing Kandawasvika ngazviende wani
Totally unwelcome,bad indeed
Ummm 130 yrs makore akawanda
Zim used to be well known as the ‘Bread Basket’ of Africa. No you are hungry and importing food. Well done!
Zim is cured really. Prayers are needed
Sort out your sanctions issues with EU and pay what is due to them
What can u expect in a Banana Republic everything eventually will collapse
No more business of looting for them Who cares