adminWITH banks running out of cash, focus has now turned Reserve Bank of Zimbabwe Governor Dr John Mangudya to present his monetary policy review and come up with lasting solutions to the cash crisis that has been with us for months.
Banks are now characterised by long banks now and in most cases they do not even have the cash. Dr Mangudya should come up with measures to ensure that all the money that is being withdrawn from the banks circulates and finds its way back into the system.
Meanwhile, the Industrial index added 0.43 points (0,44 percent) to close the week on Friday at 98.90 points.
Delta recovered $0,0100 to close at $0,6300 points. CFI went up by $0,0008 closing at $0,0950 while Meikles picked up $0,0006 to settle at $0,0740. On the downside NTS and Nicoz Diamond both lost $0,0005 to close at $0,0115 and $0,0160 respectively. AXIA also went down by $0,0010 to close the week at $0,0320. The industrial index lost 0.14 points (0,14 percent) compared to week ending 2 September 2016.
The Mining index was unchanged at 26.32 points. Bindura, Falgold, Hwange and RioZim remained unchanged on previous price levels at $0,0120, $0,0050, $0,0300 and $0,1710 in that order.
The mining index remained unchanged from the previous week.
Online Reporter