Personal Finance

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Interfin: Want to rob a bank? Own one!

By Lance MambondianiBanking, Companies, Personal Finance

THE closure of Interfin and Genesis Investment Bank in the last couple of weeks makes for grim reading. The collapse of the two private indigenous banks due to recurring liquidity challenges raises serious questions regarding the fragility of the Zimbabwean … Read more

1,149 Comments

European economic crisis: Is it time to head home?

By Lance MambondianiEconomics, Personal Finance, Politics, Stock Market, World

AN EMERGING trend within the diaspora community in the UK points towards a gradual increase in the number of people who have, or are considering returning to Zimbabwe or emigrating to other countries as a result of the global economic … Read more

1,638 Comments

RBM collapse: a failure of regulation

By Lance MambondianiMoney, Personal Finance

THE recent problems at ReNaissance have no doubt reignited sad memories of the 2003 financial sector crisis in which 13 indigenous banks collapsed. Between December 2003 and June 2004, five banks were placed under curatorship, two were liquidated and four … Read more

1,085 Comments

‘Loan sharks’ feast on culture of profligacy

By Alex MagaisaBusiness, Companies, Money, Personal Finance

I HAVE followed with some interest recent developments in Zimbabwe’s financial sector, in particular the severe challenges faced by Renaissance Bank. There are two observations to be made. First, the collapse of Renaissance has been presented as a failure of … Read more

768 Comments

Between a pizza and a hard place

By Lance MambondianiPersonal Finance

Why every emigrant should prioritise their financial planning A FEW days ago, a patently healthy colleague with no history of any medical problems collapsed at a Birmingham City gym and was rushed to a local hospital. Despite the doctors finding … Read more

805 Comments