Quantcast
Channel: Top Stories – The Financial Gazette
Viewing all articles
Browse latest Browse all 1262

ED’s forex list fiasco

$
0
0
Destinations where the alleged money was externalised.

Destinations where the alleged money was externalised.

BUSINESS bodies this week condemned President Emmerson Mnangagwa’s list of alleged exchange control violators, saying it had many errors and undermined the country’s investment prospects.
The business organisations complained that they were not consulted before the list was published and are scurrying to engage the authorities over the contested disclosures, which they say had faulty legal premises and could cost affected companies business. The disclosure of the alleged offenders is one of Mnangagwa’s earliest promises as a newly installed president last November, made to assuage an acute foreign currency crisis, dramatised by a two-year bank note shortage.


Viewing all articles
Browse latest Browse all 1262

Trending Articles