Why Zimbabwe's govt stopped banks from lending or offering credit lines to businesses, individuals - News24


5/12/2022 12:00:00 AM2 years 11 months ago
by Lenin Ndebele

Reserve Bank of Zimbabwe governor, John Mangudya, called it painful, but a "temporary, necessary measure to ensure that there is sanity in terms of taming inflation".

  • Sugar processor Tongaat Hulett stopped offering advance payments to contract farmers.
  • Some firms in Zimbabwe stopped offering credit facilities in the local dollar.
  • Industry w… [+3129 chars]

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