BizDay Zimbabwe
BizDay Zimbabwe

Zimbabwe's leading authority on business, finance and investment news.

avrt
BizDay Zimbabwe

Zimbabwe's leading authority on business, finance and investment news.


Stanchart cancels use of international VISA cards

Standard Chartered Bank’s Zimbabwean unit on Tuesday cancelled the automatic use of its VISA cards internationally in response to a deepening shortage of US dollar notes in the country. “We regret to advise that we have cancelled the automatic use of your VISA debit card outside Zimbabwe with immediate effect,” said the bank in a statemen…

The Source

Zesa mulls Eskom debt clearance plan

ZESA Holdings is in the process of mobilising funding to whittle down its debt to South Africa’s Eskom after the value of power imports under a Government guarantee reached the limit of 500 million rand.The situation has presented challenges for ZESA, which has been struggling to make foreign payments due to the foreign currency situation…

Herald Zimbabwe

Finsec turnover down 86pct in January

Zimbabwe’s alternative trading platform (ATP), Financial Securities (Finsec) recorded an 86 percent decline in turnover for January from $553,589 in December to $75,883 as analysts decry lack of investment alternatives on a market that has one company listed. The ATP, which was designed to broaden and deepen capital market participation b…

Tapiwa