Finance

Zimbabwean Government scraps 5cents tax for transactions below $10

Those of us who make it a habit to study their bank statements carefully every week know that the government levies 5 cents on each and every electronic transaction that you make. We mean every transaction. For relatively high value transaction like a $10 purchase at a supermarket that seems like nothing. Paying 5 cents to the government every time [...]

By |2018-01-26T09:37:39+02:00January 26th, 2018|Categories: Business, Finance, News|Tags: , , |Comments Off on Zimbabwean Government scraps 5cents tax for transactions below $10

Ecocash partners with Untu-Capital to bring Money Markets to the masses

EcoCash has partnered a Untu-Capital a local micro finance company. The partnership will allow members of the public to purchase bonds from the Financial Securities Exchange using Ecocash. What is a bond? Is a legal document (could also be in electronic format) that is issued by a company in exchange for money say $100 i.e. a debt instrument. The person [...]

By |2018-01-19T08:52:29+02:00January 19th, 2018|Categories: Business, Finance, News|Tags: , , |Comments Off on Ecocash partners with Untu-Capital to bring Money Markets to the masses