|
People's Own Savings Bank
People's Own Savings Bank (POSB), is a savings bank in Zimbabwe. It is one of the financial institutions, licensed and supervised by the Reserve Bank of Zimbabwe, the national banking regulator. , POSB had total assets valued at US$133.7 million, with $63.81 million in customer deposits and made an after-tax profit of US$7.9 million in the calendar year 2015. As at that time, the bank had over 500,000 savings accounts, maintained 34 brick and mortar branches, operated 220 agency branches through Zimpost, and another 18 agency branches through Meikles Supermarkets. That same month POSB started offering mortgages at 12 percent annual interest, with maximum terms of 10 years. History POSB was formed in 1904, as the ''Post Office Saving Bank''. In 1999 the People’s Own Savings Bank Act was established as a corporate body in accordance with the People’s Own Savings Bank of Zimbabwe Act. In 2001, the Zimbabwe Posts & Telecommunications Corporation (PTC) was split into four indep ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parastatal
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and develo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Herald (Zimbabwe)
''The Herald'' is a state-owned daily newspaper published in Harare, the capital of Zimbabwe. History Origins The newspaper's origins date back to the 19th century. Its forerunner was launched on 27 June 1891 by William Fairbridge for the Argus group of South Africa. Named the ''Mashonaland Herald and Zambesian Times'', it was a weekly, hand-written news sheet produced using the cyclostyle duplicating process. In October the following year it became a printed newspaper and changed its name to ''The Rhodesia Herald''. The Argus group later set up a subsidiary called the Rhodesian Printing and Publishing Company to run its newspapers in what was then Southern Rhodesia. After the white minority Rhodesian Front government unilaterally declared independence on 11 November 1965, it started censoring ''The Rhodesia Herald''. The newspaper responded by leaving blank spaces where articles had been removed, enabling readers to gauge the extent of the censorship. Post Independence I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1904 Establishments In Southern Rhodesia
Nineteen or 19 may refer to: * 19 (number), the natural number following 18 and preceding 20 * one of the years 19 BC, AD 19, 1919, 2019 Films * ''19'' (film), a 2001 Japanese film * ''Nineteen'' (film), a 1987 science fiction film Music * 19 (band), a Japanese pop music duo Albums * ''19'' (Adele album), 2008 * ''19'', a 2003 album by Alsou * ''19'', a 2006 album by Evan Yo * ''19'', a 2018 album by MHD * ''19'', one half of the double album ''63/19'' by Kool A.D. * ''Number Nineteen'', a 1971 album by American jazz pianist Mal Waldron * ''XIX'' (EP), a 2019 EP by 1the9 Songs * "19" (song), a 1985 song by British musician Paul Hardcastle. * "Nineteen", a song by Bad4Good from the 1992 album '' Refugee'' * "Nineteen", a song by Karma to Burn from the 2001 album ''Almost Heathen''. * "Nineteen" (song), a 2007 song by American singer Billy Ray Cyrus. * "Nineteen", a song by Tegan and Sara from the 2007 album '' The Con''. * "XIX" (song), a 2014 song by Slipknot. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1904
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Zimbabwe
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Zimbabwe
This is a list of "Operating Banking Institutions" in Zimbabwe. # Agricultural Development Bank of Zimbabwe # BancABC Zimbabwe # CABS # CBZ Bank Limited # First Capital Bank Limited # Ecobank Zimbabwe Limited # FBC Bank Limited # Nedbank Zimbabwe Limited # Metbank # NMB Bank Limited # Stanbic Bank Zimbabwe Limited # Standard Chartered Bank Zimbabwe Limited # Steward Bank # ZB Bank Limited # Tetrad Investment Bank Limited # FBC Building Society # National Building Society # ZB Building Society # People's Own Savings Bank # Infrastructure Development Bank of Zimbabwe # Small and Medium Enterprises Development Corporation. # Time Bank See also *Economy of Zimbabwe *List of banks in Africa *Reserve Bank of Zimbabwe References External linksZimbabwe Banking Banking Sector Profits Double {{Economy of Zimbabw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Zimbabwe
The politics of Zimbabwe takes place in a framework of a full presidential republic, whereby the President is the head of state and government as organized by the 2013 Constitution. Executive power is exercised by the government. Legislative power is vested in both the government and parliament. The status of Zimbabwean politics has been thrown into question by a 2017 coup. Political developments since the Lancaster House Agreement The Zimbabwean Constitution, initially from the Lancaster House Agreement a few months before the 1980 elections, chaired by Lord Carrington, institutionalises majority rule and protection of minority rights. Since independence, the Constitution has been amended by the government to provide for: *The abolition of seats reserved for whites in the country's parliament in 1987; [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zimbabwe Herald
''The Herald'' is a state-owned daily newspaper published in Harare, the capital of Zimbabwe. History Origins The newspaper's origins date back to the 19th century. Its forerunner was launched on 27 June 1891 by William Fairbridge for the Argus group of South Africa. Named the ''Mashonaland Herald and Zambesian Times'', it was a weekly, hand-written news sheet produced using the cyclostyle duplicating process. In October the following year it became a printed newspaper and changed its name to ''The Rhodesia Herald''. The Argus group later set up a subsidiary called the Rhodesian Printing and Publishing Company to run its newspapers in what was then Southern Rhodesia. After the white minority Rhodesian Front government unilaterally declared independence on 11 November 1965, it started censoring ''The Rhodesia Herald''. The newspaper responded by leaving blank spaces where articles had been removed, enabling readers to gauge the extent of the censorship. Post Independence In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Independent (Zimbabwe)
''Zimbabwe Independent'' is a private weekly newspaper published from Harare, Zimbabwe, by Alpha Media Holdings. The company also publishes '' The Standard'' and ''NewsDay''. See also * The Standard * NewsDay ''Newsday'' is an American daily newspaper that primarily serves Nassau and Suffolk counties on Long Island, although it is also sold throughout the New York metropolitan area. The slogan of the newspaper is "Newsday, Your Eye on LI", and f ... References External links * Mass media in Zimbabwe Newspapers published in Zimbabwe Mass media in Harare {{Zimbabwe-newspaper-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Bank Of Zimbabwe
The Reserve Bank of Zimbabwe is the central bank of Zimbabwe and is headquartered in the capital city Harare. History The bank traces its history to the Reserve Bank of Rhodesia, founded on 22 May 1964, but which succeeded the Bank of Rhodesia and Nyasaland (1956-1963) which had been liquidated at the collapse of the Federation of Rhodesia and Nyasaland in 1963. Prior to 1956, there was a Central African Currency Board from 1953, but which had been established as the Southern Rhodesia Currency Board in 1938 to provide Rhodesian currency, fully backed and bound to the British pound sterling at par face value. The local currency which Central African Currency Board was mandated to supply to Southern Rhodesia (colonial Zimbabwe), Northern Rhodesia (colonial Zambia) and Nyasaland (colonial Malawi) had been established through the Southern Rhodesia Coinage and Currency Act of 1932. The Reserve Bank of Rhodesia (which became the Reserve Bank of Zimbabwe at independence in 1980) has con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harare
Harare (; formerly Salisbury ) is the capital and most populous city of Zimbabwe. The city proper has an area of 940 km2 (371 mi2) and a population of 2.12 million in the 2012 census and an estimated 3.12 million in its metropolitan area in 2019. Situated in north-eastern Zimbabwe in the country's Mashonaland region, Harare is a metropolitan province, which also incorporates the municipalities of Chitungwiza and Epworth. The city sits on a plateau at an elevation of above sea level and its climate falls into the subtropical highland category. The city was founded in 1890 by the Pioneer Column, a small military force of the British South Africa Company, and named Fort Salisbury after the UK Prime Minister Lord Salisbury. Company administrators demarcated the city and ran it until Southern Rhodesia achieved responsible government in 1923. Salisbury was thereafter the seat of the Southern Rhodesian (later Rhodesian) government and, between 1953 and 1963, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings Bank
A savings bank is a financial institution whose primary purpose is accepting savings account, savings deposits and paying interest on those deposits. History of banking, They originated in Europe during the 18th century with the aim of providing access to Wealth, savings products to all levels in the population. Often associated with social good, these early banks were often designed to encourage low-income people to Saving, save money and have access to banking services. They were set up by governments or by socially committed groups or organisations such as with credit unions. The structure and legislation took many different forms in different countries over the 20th century. Savings banks and Savings and loan association, savings-and-loans are often confused. The original function of savings banks to service consumers was limited to savings. Savings banks invested in Government debt, government and Corporate bond, corporate debt. Savings and loan associations had a dual p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
