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
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] full article...