You are here Banking Sector view of the Mid-Term Budget Statement
As the COVID-19 pandemic continues to ravage globally and with increased cases in Zimbabwe, authorities worldwide are grappling with containment of the pandemic, providing stimulus packages to revive/sustain economies.While COVID-19 cases in Zimbabwe have started to increase at an alarming rate, the economy had also took a battering from the...
Towards Marketing 5.0 in Zimbabwe
It a no brainer to recognise and admit that the way we do business has rapidly changed and continue to do so as a result of the COVID-19 pandemic. Some business processes have been affected drastically, while others have been forced to change in response to the demands and dictates...
Cyber Fraud
There are many risks that attach to technology driven bank products. It is therefore the role of Bankers and regulators to minimise those risks and ensure that bank products are competitively priced and efficiently delivered.The Rapid Evolution of the InternetThe Internet has transformed human society at a historically unprecedented rate....
Cybersecurity 101: Endpoint Security and Common Attack Vectors
Why Endpoint security?Endpoint security refers to terminal devices used by computer users and how security mechanisms can be implemented to lower risk levels during usage. The advent of the Internet of Things [or IoT] has brought about an increase in the use of computing devices in uncontrolled environments such as...
Compliance and Technology - A Happy Marriage
The Compliance Function and its role in a financial institutionAccording to the International Compliance Association, the term Compliance describes “the ability to act according to an order, set of rules or request”. In the context of financial services firms, this firstly takes the form of acting according to the external...
You are here Cahsless Payments In Zimbabwe
With limited cash in hand and the COVID-19 pandemic scare, most people are rushing to cashless transactions. Cashless transactions bring in better transparency, scalability and accountability. The new move compels more merchants to accept payments in the digital form for services and goods. Introduction cashless transaction economy doesn't mean shortage...
Womens Savings Groups Can Enhance Financial Inclusion
Women Savings Groups Can Enhance Financial InclusionClive MphambelaWomen can indeed lead the national savings agenda in Zimbabwe. Not only are women better savers, they are also proving to be better borrowers, despite having lower access to formal financial services compared to their male counterparts.Most local studies and development programmes indicate...
Enhancing Capacity in MSMEs
Enhancing Capacity in MSMEsSanderson AbelIt is indisputable that micro and small to medium enterprises (MSMEs) now comprise a predominant share of private sector economic activities in the country. Key stakeholders need to come up with a holistic framework outlining how the sector can be natured so that its contribution to...
You are here BEATING THE FESTIVE SEASON CASH RUSH
In the past three or so years, an annual trend had developed that saw banking halls crowded with customers withdrawing their money to facilitate the annual festive shopping extravaganza.Zimbabweans had over recent years developed a culture of carrying hard cash and using hard cash for all transactions, large and small....
You are here How to Avoid Defaulting on your loans
Economic conditions determine the quality of clients that banks will acquire. In stable economies, bank clients are of good quality and a credit culture is well established in such a society.This in turn makes it possible to maintain relatively low levels of Non-Performing Loans. In developing and unstable economies, it...
Lets Bring Back the Culture of Saving
October 31st of each year is celebrated as World Savings Day. The day was established on October 31, 1924, during the 1st International Savings Bank Congress (World Society of Savings Banks) in Milano, Italy at the instance of an Italian Professor Filippo Ravizza, who first declared the day the "International...
Market Research Important for Business Success
Carelse-Juul’s camp submit formsPressure grows on Beckenbauer in 2006 WC scandalAll economic players, whether involved in big or small business ventures should understand that markets are dynamic and continuously changing. This implies that there is very little time for relaxing for any serious minded business person. A business person ought...
How to Properly Structure A Bankable Business Plan
Starting a business without a business plan is like setting out on a journey from the middle of nowhere with neither map nor supplies to see you through the journey, and hoping to find a specific location that you have never been to. You may have an idea of where...
You are here How to Write a Bankable Small Business Plan
Planning is an essential element of success in business. As the adage goes, “a bad plan is better than no plan at all”. Whilst the statement is a bit of a “tongue in cheek”, the adage does highlight the importance of planning. From a banker’s perspective, it is therefore always...
How To Make Your Business Attractive To Bankers
Success in business has many colours and being called a successful “business person” or “entrepreneur” is an honour that most of us cherish. It is however not very easy to become a business person, let alone, a successful one. How do bankers measure the successfulness or otherwise of a small...