AfrAsia Bank assets go under the hammer

HARARE, February 1 (The Source) – The Deposit Protection Corporation has put assets of the collapsed AfrAsia Bank Zimbabwe under auction to recover creditors money but said cash shortages were affecting the liquidation process. Liquidator Reggie Saruchera of Grant and Thornton on Wednesday said a… Read More

What $1.4 million can get you

HARARE, December 9 (The Source) – “Win and let win” runs the tagline for Jamal Joseph Hamed’s diamond business, the largest gem trader in the United Arab Emirates by his reckoning. By no means a name readily recognisable in Zimbabwe, where he also operates a… Read More

Bank workers picket BancABC offices

HARARE, August 24 (The Source) – Banking workers on Tuesday picketed the BancABC offices in Harare’s Central Business District, protests over its treatment of retrenched former employees. BancABC dismissed 75 employees in 2015, taking advantage of a July 17, 2015 Supreme Court ruling which makes… Read More