Business Corruption Discussion News 

Banks In Trouble As New Zimbabwe Currency Floods Black Market A Day After Release

“The @ReserveBankZIM is always wrongly accused of channelling cash to the black market. That’s a false accusation. The real culprits are banks. Bank Managers are the culprits here.The Reserve Bank is complicit because they DON’T penalize these rogue banks. That’s disappointing,” said one Kudzai Mutisi. “While I don’t exonerate bank managers the RBZ has over the years been buying foreign currency… Read More
Business Courts & Crimes News 

Zacc and RBZ hunt down currency manipulators

Kuda BwititiChief Reporter The Zimbabwe Anti-Corruption Commission (Zacc) has opened investigations into companies and individuals who are understood to be illegally manipulating the exchange rate for selfish gains. Separately, President Emmerson Mnangagwa has gazetted two statutory instruments that prohibit selling, buying or pegging prices of goods and services in foreign currency in order to tighten the screws on illegal currency… Read More