adminMliswa’s US$3, 5m fraud case deferred
Court Reporter
BUSINESSMAN Temba Mliswa’s fraud case involving US$3,5 million extended to him as a loan by the Reserve Bank of Zimbabwe
Reliving memories of a great nationalist, politician
Cde Joseph Wilfred Msika
Born: December 6 1923 at Nyariri Village, Chiweshe. Died: August 5 2009. Buried at Heroes Acre 10 August, 2009. Cde
WikiLeaks exposes US role in Libya
By Robert Morgan
US DIPLOMATIC cables released by WikiLeaks expose some of the real reasons and diplomatic tensions behind Nato’s
Africa needs to be there for Zim
By Dambudzo Mapuranga
On July 10 2005 in Durban, South Africa, a declaration was made in tribute to the Organisation of African Unity on the
RBZ warns banks over torn notes
Herald Reporter
SOME commercial banks are charging up to US$5 to change torn, defaced or old notes with new ones for amounts rangi-ngbetween US$1 and US$500, prompting the Reserve Bank of Zimbabwe to warn them against prejudicing and abusing the public.
But the banks are arguing that they are providing a service and are therefore justified to charge a fee.
The central bank yesterday said banks should adhere to standard banking practices when exchanging old, dirty and defaced notes.
It also emerged that for transactions of more than US$500, the banks were charging between one percent and 1,5 percent of the amount being redeemed for new notes.
The RBZ said banks should ensure the public received due value in exchange of their soiled notes.
Zuma’s Zim role nears end?
By Tendai Mugabe
THE forthcoming 31st Ordinary Sadc Summit of heads of State and Government slated for Luanda,