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

Atlas Mara records $4,1 million profit

HARARE, August 28 (The Source) – BancABC Zimbabwe’s parent company, Atlas Mara, has registered $4,1 million after tax profit in the half-year to June compared to a loss of $3,2 million reported for the prior year period. The company, which is focused on sub-Saharan Africa,… Read More

Atlas Mara completes ABC Holdings takeover

HARARE, November 18 (The Source) – Atlas Mara, an investment company co-owned by former Barclays Plc chief executive Bob Diamond, has increased its shareholding of the Pan-African financial services group ABC Holdings to nearly 99 percent after buying out local and Botswana minority shareholders in… Read More