Zim banks to accept sheep, goats and TVs as collateral

A new law presented to Zimbabwean Parliament compels commercial banks to accept livestock as collateral for cash loans to informal businesses.

Vehicles, television sets, refrigerators, computers and other household appliances will also become acceptable as collateral.

Listen to the Africa report below for more details...


Recommended

by NEWSROOM AI
Read More
Zim's First Lady, Grace Mugabe, investigated for abuse of power

Zim's First Lady, Grace Mugabe, investigated for abuse of power

Villagers in Mazowe have been left without homes after their houses were destroyed to make way for a wildlife conservancy.

Opportunities abound in Nigeria for SA companies (and embattled Zim farmers)

Opportunities abound in Nigeria for SA companies (and embattled Zim farmers)

Bruce Whitfield interviews acclaimed journalist Nikiwe Bikitsha who is on a fact-finding mission in Lagos, Nigeria.

ANC MP Makhosi Khoza writes about "leadership injudiciousness" in the party

ANC MP Makhosi Khoza writes about "leadership injudiciousness" in the party

Concerned ANC MP Dr Makhosi Khoza writes a heart felt Facebook post detailing immoral leadership and personal challenges.

'Don't be surprised when people aren't allowed to march, just like in Zim'

'Don't be surprised when people aren't allowed to march, just like in Zim'

Keith in Randburg and many other listeners called in to share their views on the climate in South Africa with Eusebius Mckaiser.

Infighting and political turbulence within the  mighty Zanu PF

Infighting and political turbulence within the mighty Zanu PF

Zimbabwe’s ruling Zanu PF held a crucial meeting on Wednesday to discuss raging factionalism and infighting within its structures.

Maskandi 101

Maskandi 101

Manqobizizwe Ncala takes Azania Mosaka on a musical lesson on Maskandi music.

#EarthTremor: Southern Africa not immune to seismic activity

#EarthTremor: Southern Africa not immune to seismic activity

The tremor was felt in Zimbabwe, Mozambique, Durban, Pretoria, Johannesburg, Bloemfontein and Klerksdorp on Monday.

President Robert Mugabe mulls a cabinet reshuffle ahead of 2018 elections

President Robert Mugabe mulls a cabinet reshuffle ahead of 2018 elections

Zimbabwe's Information Minister Chris Mushowe's job could be on the line as speculation grows of a Cabinet reshuffle.

Reba Chemicals delivers speedy service using local products

Reba Chemicals delivers speedy service using local products

Reba Chemicals provides locally manufactured chemicals for the mining, automotive, industrial and water-treatment arenas.

Zim police stifle protests by opposition parties

Zim police stifle protests by opposition parties

Despite receiving a go-ahead by the courts, the demonstration has been restricted to the outskirts of Harare by Zimbabwean police.

Amadeus' Lucian Msamati : From Harare to the international stage

Amadeus' Lucian Msamati : From Harare to the international stage

The 40-year-old, born in London but raised in Tanzania and Zimbabwe, has over the years crafted a stellar career for himself.

Robert Mugabe turns 93 (throws lavish party, despite Zim's grinding poverty)

Robert Mugabe turns 93 (throws lavish party, despite Zim's grinding poverty)

State-run newspaper The Herald carried 26 pages of full-colour advertisements congratulating him.

Mugabe turns 93, pins hope on Donald Trump leadership

Mugabe turns 93, pins hope on Donald Trump leadership

Zimbabwean President Robert Mugabe says he supports Trump's agenda of 'America for Americans'.

Malema labelled a 'loud-mouthed Gucci revolutionary' by Zim govt

Malema labelled a 'loud-mouthed Gucci revolutionary' by Zim govt

Earlier this week, EFF leader Julius Malema called President Robert Mugabe a grandpa who should let go of power.

Zim allows citizens to use rand currency through cellphone service

Zim allows citizens to use rand currency through cellphone service

Zimbabwe adopts Econet rand wallet facility to help country's cash woes.

Court declares Zim protest ban illegal

Court declares Zim protest ban illegal

The two-week ban on protests has been declared unconstitutional by a high court in Zimbabwe.

Zim officials deny communications shut down

Zim officials deny communications shut down

EWN Africa correspondent, Jean Jacques Cornish, says the rumour mill in Zimbabwe is in overdrive.

Evan Mawarire 'inciting violence' charge dropped, released from police custody

Evan Mawarire 'inciting violence' charge dropped, released from police custody

Celebrations are underway in Zimbabwe after activist, Evan Mawarire, was released and the 'inciting violence' charge was dropped.

Popular articles
Comair reports record earnings, 72nd profitable year in a row – a world record!

Comair reports record earnings, 72nd profitable year in a row – a world record!

Recession, soaring fuel costs and surplus capacity - yet profits keep coming! Bruce Whitfield interviews Comair CEO Erik Venter.

Basic Education to introduce Kiswahili and coding to SA's curriculum

Basic Education to introduce Kiswahili and coding to SA's curriculum

Basic Education spokesperson Elijah Mhlanga spoke to Joanne Joseph on the Afternoon Drive to elaborate.

Concourt ruling on cannabis needs to filter down to cops, says dagga couple

Concourt ruling on cannabis needs to filter down to cops, says dagga couple

Myrtle Clark and Julian Stobbs, dubbed the dagga couple, have been trying for years to have dagga legalised.

Kaptein Kurt Darren on music and all the money he’s making from it

Kaptein Kurt Darren on music and all the money he’s making from it

Laat die dansvloer brand! The Money Show’s Bruce Whitfield interviews Afrikaans musician Kurt Darren.

ConCourt rules dagga legal for private use, but what is private?

ConCourt rules dagga legal for private use, but what is private?

Associate Professor of Law at Wits University James Grant says the ConCourt did not define what private use was.

'What took big banks so long to shut Gupta accounts?', Pieter-Louis Myburgh asks

'What took big banks so long to shut Gupta accounts?', Pieter-Louis Myburgh asks

Journo Pieter-Louis Myburgh says other banking execs need to be questioned about their potential complicitness in the Gupta saga.

[WATCH] Dad stops baby from crying, Emmy acceptance speech turns into proposal

[WATCH] Dad stops baby from crying, Emmy acceptance speech turns into proposal

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

Should SA review the parameters of affirmative action?

Should SA review the parameters of affirmative action?

Ralph Mathekga says the experience on the ground shows that there is a problem when it comes to framing affirmative action.