Zim lending ban insane, say experts, but central bank governor thinks it’s a great idea

John Mangudya says the ban on all lending by banks is a temporary measure to ensure ‘sanity’

10 May 2022 - 18:55 By Ray Ndlovu and Godfrey Marawanyika

Zimbabwe has adopted its harshest solution yet to halt a currency crisis, ordering banks to immediately stop all lending...

There’s never been a more important time to support independent media.

From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.

For just R80 you can become a premium member (digital access) and support a publication that has played an important political and social role in South Africa for over a century of Sundays. You can cancel anytime.

Already subscribed? Sign in below.

Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.