MINING & RETAIL

Retailer denies cash-hoarding charges

A BULAWAYO retail shop, Bulk Commodities trading as Cash and Carry, has denied charges of violating the Reserve Bank of Zimbabwe's (RBZ) disclosure order by not banking its daily cash takings.The regu...

By Staff reporter | Published: 27 September 2017
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BUSINESS NEWS

Cash hoarding worsen liquidity challenges

The retail sector has raised concern over poor monitoring mechanisms by monetary authorities as some companies are not banking their cash for circulation purposes.As the cash crisis increases, the ret...

By Staff reporter | Published: 26 July 2017
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AMERICAS

Wealthy families hoarding cash, says Citi

A new survey of family offices by Citi finds that the wealthy are cash heavy  - meaning they may fall short of the investment returns they're expecting.Wealthy families have about 39 percent of t...

By CNBC's Lawrence Delevingne. | Published: 04 November 2013
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BUSINESS NEWS

RBZ blames foreign cash hoarding for currency woes

The central bank says it is enforcing tougher rules to rein in "the delinquent behaviour" of businesses holding cash abroad.The Reserve Bank said Monday that $360 million in export proceeds were bei...

By AP | Published: 10 June 2013
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