Markets
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3 easy steps to transfer money internationally
How international money transfers work When sending money internationally from South Africa using platforms like Sikhona, the transaction does not go via banks and does not use the SWIFT system, which is utilized by conventional financial institutions. Money is moved between account holders by utilizing third-party money transfer providers, each of which has their own communication infrastructure. This allows the…
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Bindura Nickel to delist from ZSE and list on VFEX
Zimbabwe’s biggest nickel operation plans to list on the U.S. dollar-denominated stock exchange in Victoria Falls, as part of efforts to ignite foreign interest in the miner. Bindura Nickel Corp. has requested shareholder approval to delist from the Zimbabwe Stock Exchange and list on the Victoria Falls Stock Exchange, or VFEX, it said in a circular to shareholders published in…
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RBZ starts clearing forex auction backlog
THE Reserve Bank of Zimbabwe (RBZ) has started clearing the backlog of foreign exchange auction allotment after receiving funds from Treasury. In a statement on Tuesday, RBZ Governor John Mangudya said the central bank has received funds from Government. “Further to previous communication that Government would be providing funds to clear the ring-fenced backlog of foreign exchange auction allotments, the…
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