Photographer - Consultant (Zimbabwe)

Design Manager - Consultant (Zimbabwe)

Content Manager - Consultant (Zimbabwe)

Marketing Manager - Consultant (Zimbabwe)

Graduate Trainee Programme 2024

Human Resource Officer (Industrial Relations)

Nurse/ Phlebotomist

Temporary Full-Time Lecturer: Department of Chemical Sciences

General Hand x2

Civil Engineer: Contract (Hwange)

Auto Electrician (Hwange)

Attachee: Sales and Marketing (Harare)

Planning Officer (Bulawayo)

Receptionist (Harare)

Semi-Skilled Cook (Chipinge)

IT Officer

Human Resources Officer

Stores Assistant

Project Coordinator

Graduate Trainee: Agronomy (Chisumbanje)

Estimator – Auto Body Centre Harare

Apprenticeship Trainee- Millwright

Graduate Trainee Program (Traineeship)

Students On Attachment (Various Departments)

Information Technology Graduate Trainee (Chisumbanje)

Counselor

Field Officer

Project Driver (Hwange)

Registered General Nurse (RGN) (Harare)

Intensive Care Nurse (ICN) (Harare)

Sales Agents x50

Tobacco Programmes Officer (Harare)

Payroll Clerk (Harare)

Library Technical Assistant

Assistant Binder

Broadcast Technician

Research, Innovation and Industry Linkage Officer (RIILO)

Safety, Health and Environmental (SHE) Officer

Procurement Officer

Intellectual Property Management Officer

Research Officers x2

Business Development Officers x2

Innovation Lead (Engineering)

Innovation Lead (Arts & Creative Industries)

Innovation Manager

Public Health Specialist: Prevention, Care & Treatment (Harare)

Director General (Harare)

Former BancABC Zimbabwe managing director Lance Mambondiani, who left the bank recently, allegedly violated policies relating to the procurement of vendors where prices are said to have been inflated, reported <a href="https://businesstimes.co.zw/fresh-details-on-bancabc-boss-exit/">Business Times</a>.
Mambondiani was reportedly forced to resign last week immediately after the Albert Katsande-led board engaged an independent external firm to begin “multipoint” investigations into his alleged malpractices.
Mambondiani is also being accused of violating the bank’s policies and procedures including those related to governance breaches and management delinquency, among other allegations.
The BancABC Zimbabwe board is said to have engaged an independent outside investigating firm to investigate Mambondiani’s conduct relating to alleged malpractices.
Business Times reported sources as saying Mambondiani resigned on 22 February, two days after he was placed on forced leave. Said a source:
<blockquote>
Contrary to the narrative in the market that points to the managing director (Lance Mambondiani) and other members of executive management, resigning because of an impending disposal of BancABC Zimbabwe, the MD was sent on forced leave and resigned two days after an external firm was engaged to conduct an investigation into his malpractices which were brought to the attention of the board by whistleblowers.
These (accusations being investigated) include violating the bank’s policies and procedures those related to the procurement of service providers who were engaged without following proper procedures for his (Mambondiani)’s interests, abuse of the bank’s holiday homes and lodges at resorts centres in Kariba and Nyanga, banking facilities and abuse of the bank’s assets including vehicles, governance breaches and management delinquency, among a number of improper personal actions.
</blockquote>
Vander Mutenga, who was the substantive finance director, was appointed as acting managing director.
Mambondiani told Business Times that he would not comment on the matter.
More <a href="https://zero.pindula.co.zw/">Pindula News</a>

Pindula News

Fresh Details Emerge On BancABC Boss' Exit

BancABC Zimbabwe managing director Lance Mambondiani is set to step down from his post.
Mambondiani is expected to leave within the next three months once a replacement has been found.
<a href="https://www.hmetro.co.zw/bancabcs-top-banker-mambondiani-steps-down/">H-Metro</a> reported that BancABC’s major shareholder, Atlas Mara, has so far disposed of their banking assets in Mozambique, Botswana, Rwanda and Zambia.
The developments led to the departure of all their sitting CEOs in the aforementioned countries, at the time of disposal.
A number of leading executives have left BancABC Zimbabwe, among them are the Head of IT Twaibu Seremani, the Head of Retail, Hope Marere, and the then Acting CFO Kudzai Muchada.
Mambondiani has been at the helm of BancABC since July 2019.

BancABC Managing Director Lance Mambondiani Steps Down

The Government says it is re-examining the mortgage finance system so that those in the informal sector are able to access housing finance.
A mortgage is a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor’s property, with the condition that the conveyance of title becomes void upon the payment of the debt.
The mortgage finance system makes it difficult for vulnerable groups who are in the informal sector to access housing.
National Housing and Social Amenities Minister Daniel Garwe on Friday said the Government will re-examine the mortgage finance system.
Garwe was presiding over the launch at BancABC Hopelyn Housing Estate next to Bulawayo’s Mahatshula suburb where he unveiled close to 90 fully serviced stands. He said:
<blockquote>
As we move towards our target of 220 000 houses by 2025, we are amending laws such that even those who are not formally employed can access mortgage finance, this is important because most people here are self-employed and have for years been excluded from mortgage finance to access housing loans.
</blockquote>
He said terms such as the requirement for pay slips should be reviewed as the majority of Zimbabweans are in the informal sector.
BancABC is one of several banks in Zimbabwe partnering with Shelter Afrique for housing development projects.
BancABC recently concluded an US$11 million housing development deal with Shelter Afrique to provide low to middle-income housing infrastructure.
<h4>More: <a href="https://www.sundaynews.co.zw/gvt-re-examines-the-mortgage-finance-system/">The Sunday News</a></h4>

Govt To Restructure The Mortgage Finance System

Zimdancehall musician <a href="https://www.pindula.co.zw/Jah_Master">Jah Master</a>, born Rodney Mashandure, was involved in an accident while travelling from Chiredzi to Harare on Friday night. He had just had performed at Chideu Complex.
He was driving the City Hooper Car that he received when he became a brand ambassador for the BancABC company in May 2021.
Jah Master shared images of his damaged car captioned “Thank you God for saving us” on Facebook. The post has since been deleted. See the pictures below:
<img decoding="async" src="https://s3-eu-west-2.amazonaws.com/newzimlive/wp-content/uploads/2022/02/26105713/IMG-20220226-WA0014-819x1024.jpg"/><img decoding="async" src="https://s3-eu-west-2.amazonaws.com/newzimlive/wp-content/uploads/2022/02/26105715/IMG-20220226-WA0012-819x1024.jpg"/><img decoding="async" src="https://s3-eu-west-2.amazonaws.com/newzimlive/wp-content/uploads/2022/02/26105717/IMG-20220226-WA0013-819x1024.jpg"/>
<h4>More: <a href="https://www.newzimbabwe.com/pictures-zimdancehall-chanter-jah-master-survives-car-crash/">New Zimbabwe</a></h4>

PICTURES: Jah Master Survives Car Crash, Vehicle Badly Damaged

Former ZiFM Stereo radio presenter Patience Musa has been appointed BancABC Zimbabwe’s new digital marketing, public relations and communications manager.
The financial institution confirmed the development via a post on its Twitter page. The post read:
We are glad to announce the appointment of Patience Musa to the position of Digital Marketing, Public Relations and Communications Manager under the Marketing Department with effect from 1 February.
On her part, Musa expressed excitement following her appointment by BancABC. She said:
<blockquote>
I’m excited. My desk involves – Digital Marketing, internal and external communication – Public relations and this is great for me. These are indeed exciting times.
</blockquote>
Musa is currently studying for a Master of Arts in Communication and Media Studies degree with the University of Zimbabwe. She added:
<blockquote>
Music is a very important part of who I am always. When I can, I will definitely dash into the studio, but for now, my new job and completing my Master’s degree is what I’m consumed with.
</blockquote>
Musa said she will continue presenting two 30-minute shows, Backstage and Health Matters, on Tuesday and Thursday evenings on ZiFM Stereo.
She had been with ZiFMStereo since its establishment in 2012 until she recently announced that she was leaving the radio station.
<h4>More: <a href="https://www.chronicle.co.zw/new-leveling-up-presenter-patience-musa-joins-corporate-world/">Chronicle</a></h4>

Patience Musa Joins BancABC Zimbabwe

At the time of his demise, Zimbabwe Investment and Development Agency (ZIDA) chief executive Douglas Munatsi and his business partner Francis Dzanya were in a legal battle with BancABC Zimbabwe over US$14 134 357.32.
Munatsi played an important role in the founding of the African Banking Corporation, now trading as BancABC.
He was involved in the merger of Bard Discount House, First Merchant Bank, UDC and ULC Companies that were operating in Botswana, Mozambique, Malawi (LFC), Tanzania and Zambia.
Munatsi became the first CEO of the bank in 2000 while Dzanya was appointed group chief financial officer in 2005.
By the time the duo left BancABC in 2014, the institution has grown its assets to more than US$2 billion. The bank was taken over by Atlas Mara.
Court documents show that Munatsi and Dzanya had sued BancABC as they jointly sought US$14 million from the bank, in High Court case number 11582/17.
Munatsi was the first plaintiff while Dzanya was the second plaintiff. The joint pretrial conference minute shows that issues in contention were:
<blockquote>
… whether defendant is liable to pay plaintiff USD$4 769,034.40 as follows, (a) the sum of USD$2 531,726.30 to the first plaintiff; (b) The sum of USD$2, 237,308.00 to the second plaintiff; (c) Whether defendant is entitled to interest on the sums set out above from the date of issue of Treasury Bills to the date of payment of the sums involved.
Whether defendant is liable to pay plaintiff damages as follows: (a) USD$4 971,746.88 to the first plaintiff; (b) USD$4 393,576.04 to the second plaintiff.
… whether plaintiffs breached the fiduciary duties they owed defendant; whether plaintiffs are entitled to a refund of only the capital sums they invested and whether the claim in reconvention is prescribed.
</blockquote>
Munatsi died in a mysterious fire at his upmarket Harare apartment on 29 November.
His relatives and friends believe his death was not an accident but was a cold-blooded murder.
<h4>More: <a href="https://thenewshawks.com/munatsi-dzanya-wanted-us14m-from-bancabc/">The NewsHawks</a></h4>

Munatsi, Dzanya Wanted US$14 Million From BancABC

BancABC Zimbabwe has partnered with Mama Money to launch Border Hopper, an international remittance service that allows Zimbabweans in the diaspora to send money home.
Border Hopper will allow Zimbabweans to send money through any Mama Money Agent in South Africa, including Pick n Pay stores, to Zimbabwe.
The funds can be collected at any one of over 40 BancABC kiosks in TM Pick n Pay stores across the country.
Speaking at the product launch event on Tuesday, the bank’s chief executive, Lance Mambondiani, said Border Hopper was an extension of the bank’s domestic remittance City Hopper facility, which was launched last year. Said Mambondiani:
<blockquote>
Just over a year ago, we launched City Hopper, our domestic remittance service that has proven to be quite popular with our clients.
Today, we are excited to extend this service across borders with the launch of Border Hopper.
We are grateful for the hard-working Zimbabweans across the world who support their families and contribute to the development of the economy in difficult times.
We have seen the spike in remittance values and volumes under the hardships of the COVID-19 pandemic and we wanted to provide a fast, convenient and simple solution to allow our diaspora customers to do their transfers.
What better way to do that than bringing the service to your backyard through Pick n Pay’s nationwide network.
</blockquote>
<h4>More: <a href="https://www.chronicle.co.zw/bancabc-launches-money-transfer-service/">Chronicle</a></h4>

BancABC, Mama Money Launch Cross Border Money Transfer Service

BancABC business executive and current Managing Director, Lance Mambondiyani has apologised over “a serious Visa Card outage” that has left many customers stranded. Many have of late been resorting to using Visa Cards for online transactions especially when countries imposed lockdowns to prevent the spread of the coronavirus. Pindula News presents Mambondiyani’s statement.
<blockquote>
In the last few days, we suffered a serious Visa outage which affected 3 countries in which BancABC operates. Whilst service was fully restored on Friday for the majority of users, a significant number of our customers are still facing challenges and have been unable to transact.
We now know the root cause to be multiple transaction attempts by the affected customers when the service was down which erroneously resulted in some cards being blocked under suspicion of attempted fraud. Whilst we are working on a global solution to clear these errors, all customers still experiencing this problem should contact our Contact Center team for help to have your cards unblocked instantly.
l am extremely saddened to have let down so many of you who rely on this service, especially those who would have been stranded outside the country. I apologize for the anguish and the inconvenience we caused you.
On behalf of all of us at BancABC, I am sorry.
Dr. LSM 
</blockquote>
More: Pindula News

BancABC Suffers "A Serious Visa Card Outage"

BancABC has launched co-branded Mastercard and Zimswitch payment cards to enhance international payment systems.
Speaking at the launch, BancABC chief executive officer (CEO) Lance Mambondiani said the bank was the pioneering provider of the service in Zimbabwe. Mambondiani added: 

<blockquote>
We are delighted to be the first to market with this solution. It is thanks to the collaborative partnership between Mastercard, a global financial services powerhouse and Zimswitch, our national switch. There has been a lot of work that has gone into launching this project from all the teams involved and my gratitude is to the teams that have worked tirelessly to deliver this innovation.
</blockquote>
BancABC said it will be introducing several co-branded card innovations to suit different market segments, such as the ‘Home and Away’ card, which links to both local and foreign currency accounts.
The bank will also be introducing a combo card onto which up to four different currencies can be loaded.
The new BancABC cards will include EMV Chip and PIN technology providing cardholders with additional peace of mind while making them more difficult to counterfeit.
According to Charlton Goredema, Vice President of Country Business Development, Botswana and Zimbabwe at Mastercard, people are increasingly embracing digital payments – a trend that has accelerated due to the Covid-19 pandemic.
Cyril Nyatsanza, CEO of Zimswitch, added that the provision of convenient, innovative and secure payment solutions will contribute to and encourage positive market developments on multiple fronts. 
More: <a href="https://www.newsday.co.zw/2021/10/bancabc-launches-an-all-in-one-debit-card-to-enhance-international-payment/">NewsDay</a>

BancABC Launches Co-Branded Cards To Enhance International Payment Systems

Zimdancehall artiste, Jah Master, real name Rodney Mashandure, was unveiled this Friday as BancABC Zimbabwe’s brand ambassador for its local remittance service – CityHopper.
According to Technomag, City Hopper allows customers to instantly send US Dollars and Rands between cities in Zimbabwe through BancABC’s wide branch network and selected TM Pick n Pay outlets countrywide.
Jah Master received a full endorsement to literally “drive” City Hopper after receiving a brand-new City Hopper branded Toyota Allion as part of this engagement with BancABC to push the product to the market.
Speaking during the official vehicle handover ceremony, BancABC Zimbabwe CEO, Lance Mambondiani was quoted as saying:
<blockquote>Arts and Culture play a pivotal role in society and we are always happy to look for ways to uplift and partner with local talent.
The world has been devasted by the COVID-19 pandemic and no sector has been affected more than the Arts sector due to the lockdowns.
This is our small way of supporting the creative sector and the important role they play in getting our message out to our consumers all over the country.</blockquote>
<h4>More: <a href="https://technomag.co.zw/jah-master-drives-city-hopper/" rel="noopener" target="_blank">TechnoMag</a></h4>

Ja Master Appointed BancABC's CityHopper Brand Ambassador

Banc ABC Managing Director Lance Mambondiyani has said that Zimbabwe’s second coronavirus patient, Zororo Makamba, visited BancABC’s Mount Pleasant Campus on Tuesday 17 March 2020 at and had a meeting with four (4) staff members.
We present BancABC’s statement in full below.
<blockquote>BancABC Update on COVID-19 (23 March 2020) 
BancABC Zimbabwe would like to advise all our stakeholders that Patient No 2 (as confirmed by the Ministry of Health) visited our Mount Pleasant Campus on Tuesday 17 March 2020 at 11:30 am and had a meeting with four (4) of our staff members for a duration of approximately 15 minutes. The Bank was subsequently advised that the patient had tested positive for COVID-19 on Saturday morning and immediately activated recommended protocols in consultation with the City Health Department. 
Out of the abundance of caution, all employees who interacted with the patient and their contact persons were immediately identified for further management. Whilst none of the affected employees have shown any symptoms, preventative measures which include a 14 Day Self-Quarantine, as per health officials guidelines, have been activated. 
Further, as part of the Atlas Mara Group-Wide COVID-19 prevention measures across all countries, the Bank has already commenced a .nitization exercise of our Head Office and all our branches on an ongoing basis. Additionally, in adherence to recommended social distancing practices, a virtual workplace and remote working facilities have been initiated for the majority of our staff. 
Corona Virus is a global pandemic which can potentially affect anyone anywhere. We take the health of our staff &amp; customers very seriously. The Bank remains committed to creating a safe environment for all our stakeholders and has put together necessary interventions and resilient protocols to enable business continuity through this crisis. None of these preventive measures affects our ability to deliver service to our customers on an ongoing basis. 
We would like to encourage all our stakeholders to take this epidemic seriously, to follow the guidelines of Health Officials by practising good hygiene, engaging in social distancing to limit the risk of infections and to protect each other as responsible private and corporate citizens. We thank you for your custom and solidarity. 
Dr Lance Shingai Mambondiani 
CEO – ABC Holdings Zimbabwe Limited 8 Managing Director – BancABC Zimbabwe 
Fresh Thinking. Smart Banking</blockquote>

FULL TEXT: BancABC Speaks On Zimbabwe's 2nd Coronavirus Case

Dr Lance Mambondiani, a business executive and current Managing Director of BancABC Zimbabwe has said that knowledge no longer matters but how one uses that knowledge is of much vitality.
He was speaking at a Global Shapers’ 2020 Road to Davos Youth Townhall workshop held at Mt Pleasant Business Park last Friday.
His remarks come when there are several unemployed youths with some failing to breakthrough on the entrepreneurial arena, many blaming lack of financial support and absence of a coducive environment.
Watch the video below for more.
<div class="jetpack-video-wrapper"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="360" loading="lazy" src="https://www.youtube.com/embed/TeXZ4NaiPDs?feature=oembed" title="Madam Boss earns more than many man in suits with PHD's says Mambondiyani a banker" width="640"></iframe></div>
More: <a href="https://nehandatv.com/2020/01/13/madam-boss-earns-more-than-many-men-in-suits-with-phds-lance-mambondiyani-video/">Sly Media Via Nehanda Radio</a>

WATCH: "Do You Want To Know My Salary? ... Madam Boss Earns More Than Many PHD Holders..." Dr Lance Mambondiani

Banks in Zimbabwe may cut more <a href="https://vacancymail.co.zw/categories/agriculture-jobs-in-zimbabwe/">jobs</a> in 2020 as the economic crisis deepens and digitalisation intensifies, Bloomberg reports.
Banks in 2019 reportedly shed 8% of its workforce. Standard Chartered, <a href="https://www.pindula.co.zw/First_Capital_Bank">First Capital Bank</a>,  <a href="https://www.pindula.co.zw/CBZ_Holdings">CBZ Holdings</a>,<a href="https://www.pindula.co.zw/BancABC"> BancABC Zimbabwe Ltd</a> were among the top banks that reportedly retrenched some of the 300 out of 4000 bank <a href="http://vacancymail.co.za">workers</a> in 2019.
<a href="https://www.pindula.co.zw/Bankers_Association_of_Zimbabwe">Bankers Association of Zimbabwe</a> CEO Sijabuliso Biyam spoke to Bloomberg and said:
<blockquote>The banking industry, just like the rest of the economy, will suffer negative growth this year, which could result in even more <a href="https://vacancymail.co.zw/organisations/city-of-harare-jobs-1457/">job</a> cuts.The sector is now driven by technology. If the economy was doing well, those people who have been made redundant could have been redeployed elsewhere, but sadly that is not the case.</blockquote>
More: <a href="https://www.bloomberg.com/news/articles/2020-01-07/more-zimbabwe-bank-jobs-at-risk-as-lenders-push-digitization?srnd=economics-vp">Bloomberg </a>

Banks May Cut More Jobs In 2020 - Report

Former Steward Bank CEO, <a href="https://pindula.co.zw/Lance_Mambondiani" rel="noopener noreferrer" target="_blank">Lance Mambondiani</a> has been appointed the Managing Director of BancABC Zimbabwe. A letter circulated internally at the Bank reads:
ABC Holdings CEO Sanjeev Anand said in a statement:
<blockquote>“We are pleased to inform you that, following regulatory approval, Dr Lance Mambondiani has been appointed as Managing Director and CEO for BancABC Zimbabwe with effect from 1 July 2019.
Dr Lance is a seasoned banker, having worked as an executive for regional and international financial institutions over the years.
He comes to us with a combination of skills in financial markets, investment banking, retail banking delivery channels, private wealth management, corporate finance, business law and development finance and economics.
His mandate as he joins us at this critical time is to lead BancABC into its next growth phase and reposition the bank as a premier financial services provider in Zimbabwe.”</blockquote>
Mambondiani left Steward Bank on 31 May <a href="https://news.pindula.co.zw/2019/05/31/just-in-steward-bank-ceo-lance-mambondiani-resigns/">under sudden and unclear circumstance</a> with some suggesting he had been forced out. Steward Bank and the <a href="https://news.pindula.co.zw/2019/06/02/steward-bank-ceo-mambondiani-was-not-fired-econets-spokesperson/" rel="noopener noreferrer" target="_blank">Econet Wireless Group, however, said that the separation had been mutual</a> and not acrimonious.
https://twitter.com/EquityAxis/status/1143571025025818625

Former Steward Bank CEO, Mambondiani, Appointed BancABC CEO

The BancABC internet banking platform has been down for more than a week. Pindula News can reveal. Some customers got in touch with Pindula News today to complain that their bank’s internet banking has caused them major inconvenience as they are unable to transact.
Further, the bank is reportedly taking too long to process RTGS payments and apparently, ZIPIT payments as well.
The issue was first reported on 3 April and it was believed that it had been resolved. However, customers of the bank have confirmed that internet banking is still down.
A check on the BancABC’s Facebook page shows that customers are complaining to the bank and pleading with it to restore its systems.
Said some customers:
<blockquote>Hey amadoda lenkosikazi, how could my Zipit txn be in suspension since 29 March to-date. Are u hvng a run on your bank that u are covering your position with our money?</blockquote>
 
<blockquote>Banc ABC have you fixed your system????2 wks offline really?????</blockquote>
 
<img alt="" class="aligncenter size-full wp-image-89643" decoding="async" height="467" loading="lazy" sizes="(max-width: 700px) 100vw, 700px" src="https://t792ae.c2.acecdn.net/wp-content/uploads/2019/04/bancabc-bank-queue.jpg" srcset="https://news.pindula.co.zw/wp-content/uploads/2019/04/bancabc-bank-queue.jpg 700w, https://news.pindula.co.zw/wp-content/uploads/2019/04/bancabc-bank-queue-300x200.jpg 300w, https://news.pindula.co.zw/wp-content/uploads/2019/04/bancabc-bank-queue-600x400.jpg 600w" width="700"/>
<blockquote>My money been hanging since last week Monday hayaaas. The bank that l have always referred people to, angazi kwenzenjani linyanga</blockquote>
 
<blockquote>Bnc ABC the way you are operating at TSF Auction floor is not even pleasing. I sold my tobacco last Monday up to now my money is not yet into my account. Me as a farmer after my sales the next thing is to spent my money since we don’t live around harare l need to buy my inputs while l am still in harare but kna ndakuita week ndichirara panze imi mune mari yngu hazvifadzi bank renyu rave repasi pemuti</blockquote>
 
For its part, the bank is telling customers to be patient and is also offering to process transactions using alternative methods. It responded to some customers on Twitter advising them that it’s doing everything possible to have systems restored.
https://twitter.com/BancabcZW/status/1115185540427591680
 
<h3>Related:</h3>
<ul>
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<h4><a href="https://news.pindula.co.zw/2019/04/05/watch-effects-of-the-fiscal-policy-on-bancabc/" rel="bookmark">WATCH: Effects Of The Fiscal Policy On BancABC</a></h4>
</li>
<li class="entry-title">
<h4><a href="https://news.pindula.co.zw/2017/08/24/zimswitch-approaches-rbz-to-make-it-mandatory-for-all-banks-to-be-on-zipit-as-bancabc-stanchart-and-barclays-hold-out/" rel="bookmark">ZimSwitch approaches RBZ to make it mandatory for all banks to be on ZIPIT as BancABC, StanChart and Barclays hold out</a></h4>
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BancABC Internet Banking Down For More Than A Week... RTGS And ZIPIT Delaying

Former Zimbabwe Revenue Authority (Zimra) Commissioner General Gershem Pasi has been dragged to the High Court over a $129 000 debt he allegedly owes African Banking Corporation of Zimbabwe (BankABC).
According to High Court papers, Pasi was extended a $250 000 loan by the bank in January 2014 and has since failed or neglected to repay the loan facility.
The loan was to accrue 15 percent interest per annum and in the event that Pasi defaults payment of any of his installations, a 25 percent interest per annum would be charged.
 
The bank, represented by its country manager Daniel Muganiwe said the loan agreement stated that should Pasi fail to make payment of any instalment of any amount due in terms of the facility the whole amount immediately becomes payable and due.
Said Muganiwe:
<blockquote>The defendant defaulted on making due and punctual repayments under the written memorandum of lease agreement and as at February 2018, is in arrears in the sum of $129 846.26.
Despite demand, the defendant has refused, neglected or failed to pay the plaintiff the sum of $129 846.26</blockquote>

Gershem Pasi Dragged To The High Court Over  $129 000 Debt

BancABC bank teller, Hlonipani Ngwenya (33) appeared in court on allegations of defrauding his employer of $55 000. He denied the fraud charge when he appeared before magistrate Sithembiso Ncube on Friday  and immediately applied for discharge. The matter was remanded to May 23 for ruling.
The court heard that on October 17 2016, Ngwenya was allocated the day’s float of $80 000 from the vault by his supervisor, Derrick Phiri. Ngwenyu also allegedly received R10 540 as deposits from clients. The operations team discovered that Ngwenya had allegedly made false entries in the system after carrying out an end-of-day check on all tellers on transactions on the computer systems as well as physical cash held by tellers.
Ngwenya allegedly failed to account for $55 000 and R10 540, leading bank managers to file a police report. In his defence, Ngwenya denied receiving R10 500 from Phiri and said he entered four transactions, which were $80 000 from the vault, two transactions to the vault, which were $55 000 and $30 000 and also $15 000 to another teller.
More: <a href="https://www.newsday.co.zw/2017/05/08/bulawayo-bank-teller-court-55-000-fraud/">NewsDay</a>

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