CABS shuts down 4 branches

Central African Building Society (CABS), a subsidiary of Old Mutual Zimbabwe, is shutting down four of its branches in the next two months as the financial institution streamlines business in line with the deteriorating economic environment.

The branches that will be closed include Mt Pleasant in Harare, Nkulumane in Bulawayo, Dangamvura (Mutare) and CA House, again in Mutare.

In a circular gleaned by NewsDay and signed by the bank’s managing director Simon Hammond, Mt Pleasant, Nkulumane and Dangamvura branches will close down on
October 31, while CA House in Mutare will follow suit on December 31, this year.

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