The bank’s cost to income ratio improved to 30% from 66% in the prior year in inflation adjusted terms with the capital adequacy ratio going up  to 33% from 29%  last year.

The government recently banned the exportation of unprocessed granite unless authorised by the Minister of Mines.

Simultaneously we anticipate a thrust towards growing USD assets and effectively dollarising the interest income stream

The TNF brings together government, business and labour to discuss key socio-economic matters affecting the economy and propose solutions.

Zimbabwe has one of the world’s highest inflation rates, estimated by authorities at 285,02% last month.

The government has repeatedly blamed businesses for causing exchange rate instability through profiteering.

The major takeaway was that there is a genuine desire among social partners to continue driving social dialogue.

“The retrenchment regulations are being further streamlined to ensure that there are set timeframes within which all processes and recourse procedures should be finalised.”

Zimbabwe has been ranked 140/190 in 2021 and 150/190 in 2022 on ease-of-doing-business international scales.

Sadc set aside October 25 as a special day to campaign against the economic restrictions which have for years inflicted damage on Harare's economy.

It is held in partnership with the Zimbabwe Stock Exchange listed financial services powerhouse, First Capital Bank.

Old Mutual managing director Gloria Zvaravanhu pointed out that the removal of the tax on payout claims will help strengthen the insurance pool.

The IMTT’s third quarter performance was a forecast busting, according to Zimra, which said it was 3% ahead of targets.