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5 Out Of 16 Zim Banks Passed The Integrity Test - ED

5 Out Of 16 Zim Banks Passed The Integrity Test - ED

President Emmerson Mnangagwa said that most Zimbabweans banks are flouting the country’s laws in their operations.

Writing in his column in The Sunday Mail, Mnangagwa said only 5 out of 16 deposit-taking institutions passed the integrity test. He said:

Today, I can share with the nation that out of the 16 deposit-taking institutions we have in our economy, only five passed the integrity test, with the rest having been involved in activities that ran contrary to the terms of their operating licences. Punishments have since been meted out.

Let no one ever think that my administration will flinch from, or hesitate to take corrective action, however drastic.

In addition, the size of offenders means nothing to us; we will come for you once you dabble in the unlawful and unethical.

No one player is stronger than the government; or above punishment.

We Are Watching Them

President Mnangagwa said the “greedy and devious economic actors” attacked the country’s mobile banking platforms before moving to the financial sector but the government is keeping an eye on them. He said:

The fight against economic destabilisation began with a determined crackdown on errant actors in the mobile telecommunications industry.

Actors in this sector had taken advantage of clear legal lacunae, and of our desire to use mobile platforms for financial inclusivity, to cause mayhem in financial markets.

We acted against them. We continue to watch them so their actions and conduct remain proper and lawful.

More: NewsDay

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20 Comments

Gwedu 1 month ago

You are making aot of noise ED I O T !! Empty vessel


g 1 month ago

why are the offenders not named. goes on to show that the big chefs are the ones who manipulate the system


ghhh 1 month ago

a re you the minister of finance now.let those in charge announce that and why not name them.


pk 1 month ago

kwenyu ku CCC hakuna mastructures wani. musanyanyo batikana nezvedu zveku zanu pf.

Zuze 1 month ago

He is the Monster of Health- presides over opening of clinics
He is the Monster of Water - presides over opening of boreholes

He is the Monster of Home Affairs- presides over burials at Huré's Acre

He is the Monster of Defence - presides over Defence Forces Day

He is the Monster of Public Construction- presides over opening of Registry Offices

He is the Monster of Transport- presides over handing over of ZUPCO buses.

He is the Monster of Constitutional Affairs
- presides overoPOLAD

He is the Monster of Women's Affairs- presides over opening of vagiñas of all pre-puberty girls...

ghhh 1 month ago

a re you the minister of finance now.let those in charge announce that and why not name them.


Minister of Finance 1 month ago

Money MoneyMoneyMoney


,. 1 month ago

Mr President, look in the mirror


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CCC 1 month ago

Hapana hapana d****ro


CCC 1 month ago

Hapana hapana d****ro


CCC 1 month ago

Hapana hapana d****ro


CCC 1 month ago

Hapana hapana d****ro


Kule Dhambi 1 month ago

Izvo tazvihwa uye takambo zvihwa.
Zvohodiii?


pk 1 month ago

itai basa president wedu vamwe vachingowukura🐵🐩. mbeva zhinji hadzina masare. ngatishande nevakakodzera.


Holla 1 month ago

@pk sende

Gwedu 1 month ago

@pk harisi mbeva saka marise hatimade ..iwe mupw go gara nemarise ako wagara uri kutanda botso kaiwo. M u s a ta nyoko!!

Tawanda 1 month ago

🐒


Sabhuku 1 month ago

Ko kutaurira mukanwa ndokuita seyi? Chingoti ga.ga. nyika izive ma saboteurs kwete kungoti tikuvaziva...ani wacho? Nyangwe vazikanwa zvozoita seyi?


Jah🇿🇼Tsvarie-07 1 month ago

Ikozvino Rtgs$ richarira zvese ne ecocash coz hazvichawaniki zvekumhanya.
next month ndichatotanga musika wangu wekutengesa Rtgs$ and ecocash 😂


Jah🇿🇼Tsvarie-07 1 month ago

List n shame them...



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