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Zimbabwe plans to secure bank loans with cows - Telegraph.co.uk;

Zimbabwe plans to secure bank loans with cows - Telegraph.co.uk

Telegraph.co.ukZimbabwe plans to secure bank loans with cowsTelegraph.co.ukZimbabwe's bank managers, already strapped for cash for their customers may soon have to worry about where to put cattle if a new law comes into operation which would allow people to use their livestock as collateral. Finance minister Patrick Chinamasa ...and more »

Zimbabwe law to compel banks to accept livestock as collateral - africanews;

Zimbabwe law to compel banks to accept livestock as collateral - africanews

africanewsZimbabwe law to compel banks to accept livestock as collateralafricanewsZimbabwe's Finance and Economic Development Minister, Patrick Chinamasa, has underlined the need for banks to respond to the needs of the country's highly informalized economy. According to him, banks in their current shape were “stuck in the old ways ...and more »

Zimbabwe Could Soon Use Livestock as Loan Security - Dairy Herd Management;

Zimbabwe Could Soon Use Livestock as Loan Security - Dairy Herd Management

Dairy Herd ManagementZimbabwe Could Soon Use Livestock as Loan SecurityDairy Herd ManagementZimbabwean entrepreneurs could soon use movable assets -- including livestock and vehicles -- to secure loans from banks, according to a bill brought before the country's Parliament this week. The southern African country's economy is now dominated by ...and more »

Support for Bill accepting cattle as collateral - DailyNews

Support for Bill accepting cattle as collateralDailyNewsHARARE - A new law presented to the National Assembly on Tuesday that allows rural poor to deposit cattle as collateral for cash loans has received wide cross-party support. The Movable Property Security Interests Bill enjoins the Reserve Bank of ...and more »

Future of SA? Back to financial dark ages as Zimbabwe banks ordered to accept cows, goats as security - BizNews;

Future of SA? Back to financial dark ages as Zimbabwe banks ordered to accept cows, goats as security - BizNews

BizNewsFuture of SA? Back to financial dark ages as Zimbabwe banks ordered to accept cows, goats as securityBizNewsZimbabwe banks Zimbabwean citizens are not in control of their own money. There are government-imposed daily limits on how much cash can be drawn as funds run dry, with people obliged to queue daily to withdraw anything more than a sum sufficient to ...and more »

Zimbabwe banks to accept cows as collateral - Bulawayo24 News (press release) (blog)

Zimbabwe banks to accept cows as collateralBulawayo24 News (press release) (blog)Commercial banks in Zimbabwe could soon be compelled to accept livestock such as cattle, goats and sheep as collateral for cash loans to informal businesses under a new law presented to parliament on Tuesday. Under the movable property security ...and more »