Zim backtracks on shutting bank lending after firms shut facilities - News24


5/13/2022 12:00:00 AM2 years 11 months ago
by Memory Mataranyika

The Reserve Bank of Zimbabwe has backtracked on its blanket directive to stop banks’ lending activities after Tongaat Hulett’s Zimbabwe units and other companies stopped credit sales and advances to suppliers.

  • The Reserve Bank of Zimbabwe has backtracked on its blanket directive to stop banks’ lending activities
  • Zimbabwe is now desperate to contain further economic fallout from the new mone… [+3808 chars]

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