The Supreme Court has ruled that FBC Bank has prospects of success on appeal and allowed it to proceed with its appeal to fire Robert Chiwanza over the theft of $8 from a client. Chiwanza was fired after he claimed to have given back a client his $8 change, despite not doing so. When the bank investigated, closed circuit television proved that Chiwanza had not given the client the $8 change despite his spirited defence.
However, the LabourCopurt ruled that the Bank should reinstate Chiwanza with full benefits and salary, leading FBC to appeal to the Supreme Court. Supreme Court judge Justice Elizabeth Gwaunza ruled that the bank’s appeal was still valid despite failure by its lawyer to pay costs for preparation of the record of proceedings. She also ruled that the bank had reasonable prospects of success on appeal.
FBC Holdings Limited (FBCH) is an Investment holding company listed on the Zimbabwe Stock Exchange and whose principal activities are in Zimbabwe. The Group offers diverse financial services through subsidiaries that span commercial banking, mortgage financing, short-term insurance, reinsurance, securities trading and micro-financing. In all,... Read More About FBC
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