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Mr Eddie Cross: Silence cannot be misquoted


Eddie Cross
In September 2019, Finance and Economic Development Minister, Professor Mthuli Ncube, appointed a nine-member Monetary Policy Committee (MPC) to influence the Reserve Bank of Zimbabwe (RBZ)’s monetary policy. Crucially, the MPC’s wide-sweeping responsibilities extend to setting limits on the Bank’s open market operations, ensuring price stability, and determining interest rates.
Chaired by Central Bank Governor, Dr John Mangudya, the Committee has done exceptionally well – by all accounts – in discharging its functions in spite of the well-documented difficult socio-economic environment under which it operates. The price stability that set-in after the foreign currency auction trading system was introduced in June last year is one of the MPC’s many achievements that are difficult not to acknowledge even amongst some of the RBZ’s harshest critics. The same goes for the positive sentiment that has been restored after eluding the domestic economy si ....

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How to save up for when it is safe to travel again


How to save up for when it is safe to travel again
Save for your next trip by saving in foreign currency when the markets are in your favour.
Do you have wanderlust? Join the club. While we wait for borders to reopen for international travel, Nedbank can get you focused onwards and upwards – physically and mentally. It’s about making your money work for you by saving the right way for your international travel goal.
But this is no ordinary savings account. It’s a smart way to bank the benefits that come with putting away money in a foreign currency, when the exchange rate is in your favour. ....

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