adminGono, Biti take the gloves off
Golden Sibanda and Farirai Machivenyika
RESERVE Bank Governor Dr Gideon Gono says there is no going back on the new US$100 million capital requirements for banks, but Finance Minister Tendai Biti says he needs to meet the central bank chief over the issue.
Speaking on the sidelines of a Press conference in Harare yesterday, Minister Biti said he wanted the new minimum capital thresholds clarified.
“I am going to meet the governor and we will clarify on that (issue of new minimum capital reserves) and we will issue a statement on that,” said Minister Biti.
However, Dr Gono says the new thresholds are critical to achieving a sound financial system.
Addressing bankers following an appeal by the Bankers Association of Zimbabwe for a reduction of the minimum capital thresholds to not more than US$20 million for commercial banks by December 2013, Dr Gono said there was a positive correlation between higher capital levels and profitability, bank charges, credit extension and confidence.
Chihota mourns Salifu
Sports ReporterRONNIE Chihota, the co-founder of Blackpool Football Club, revealed yesterday that he was devastated by the death of his partner Joel Salifu. Salifu died on Sunday at a medical centre in Johannesburg,
Zim: Yawning beneath the Tower of Babel
Is Zimbabwe a victim of the Babel Curse? I wonder. But first, Tendai Biti. Quite a humourous guy, is he not? So humourous that he does not mind laughing at himself even. I am of course referring to his unremitting weight loss and his claim that veterans of the liberation war are behind it!
As indeed are girls he can’t phone anymore! Food for thought. His right to happiness has been squandered by those who liberated him, those who loved him. Where would he rather be, rather be
In the last 10 years, only one Harare Derby showdown has been won by a margin that is more than one goal
In terms of performance, it was the best that I have seen CAPS United play this season, far better than their 3-1 victory over FC Platinum at the giant stadium, and even their fans, as much as this defeat hurt, appeared to acknowledge that their men had given it all.After the City of Kings finally woke up from its slumber to stage a spectacular show, in hosting its biggest football match in years, the challenge was inevitably thrown to the capital to respond.
Obama authorises secret support for Syrian rebels
President Barack Obama has signed a secret order authorising US support for rebels seeking to depose Syrian President Bashar al-Assad and his government, sources familiar with the matter said.
Team Bulawayo gets rousing send-off
Sports Reporter
Landmark ruling on cellphones while driving
Paul Nkala
Deputy News Editor
THERE is no law which authorises the police to refer cases of motorists who are caught using a mobile phone while driving to court for trial, a High Court judge said yesterday.
‘Unpredictable weather patterns to persist’
Chronicle Reporters THE country is set to continue having droughts, heat waves, floods and unpredictable weather patterns, climate experts have warned.
Dunlop Zimbabwe scoops CZI award
Prosper Ndlovu
AT a time when companies in Bulawayo are facing operational constraints, tyre manufacturer Dunlop Zimbabwe continues to record improved business and is optimistic of increased exports.
FC Platinum ready for DeMbare
From Paul Mundandi in Zvishavane
FC PLATINUM have declared war on Dynamos whom they meet in a Castle Lager Premiership match at Mandava Stadium tomorrow.