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John Mangudya

‘Zimdollar on the brink’

Zimbabwe’s largest business group has warned that the economy faces collapse if the government insists on foisting the rapidly weakening local currency on the market when it is obvious that it is no longer viable.
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Shape up or ship out, RBZ tells banks

After pursuing the moral suasion route on the issue of capitalisation, RBZ governor John Mangudya said in last week’s monetary policy statement (MPS) that shareholders would have to forgo dividends if their firms failed to meet the new…
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RBZ moves in to defend currency

Resurgent inflationary pressures came at a time when authorities had been successful in taming inflation from a post-dollarisation high of 837,5 percent in July last year to a two-year low of just over 50 percent in June this year.
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