{"id":4463,"date":"2014-07-26T15:37:58","date_gmt":"2014-07-26T08:37:58","guid":{"rendered":"http:\/\/southafricatoday.net\/africa-news\/?p=4463"},"modified":"2014-07-26T15:38:13","modified_gmt":"2014-07-26T08:38:13","slug":"two-more-zimbabwe-banks-face-collapse","status":"publish","type":"post","link":"https:\/\/southafricatoday.net\/africa-news\/uncategorized\/two-more-zimbabwe-banks-face-collapse\/","title":{"rendered":"Two more Zimbabwe banks face collapse"},"content":{"rendered":"<p>HARARE &#8211; Two more indigenous Zimbabwe banks face collapse due to the persisting liquidity crisis\u2019 systemic risk inherent in the financial sector, a report released this week indicated.<\/p>\n<p>In a 2014 first half analysis of Zimbabwe\u2019s economy, Econometer Global Capital (Econometer) warned that the country\u2019s financial sector was far from being solid.<\/p>\n<p>\u201cContrary to the official position of Zimbabwean government, the banking sector is indeed safe but not sound with signs of widening cracks in the quality of assets, which calls for urgent attention,\u201d said Econometer in the report.<\/p>\n<p>\u201cBy year end, we expect at most two indigenous banks either to falter or request for curatorship as their liquidity positions worsen while attracting deposits is becoming almost impossible,\u201d the research firm said.<\/p>\n<p>It noted that in banking, the level of information asymmetry was very low to the extent that an average potential customer is aware of the risks to do with such banks.<\/p>\n<p>\u201cRTGS processing is a nightmare. Going forward, we do not anticipate any significant recovery\u2026in the next 36 months,\u201d said Econometer&#8230;<\/p>\n<p><a title=\"Zimbabwe News\" href=\"http:\/\/www.zimbabwesituation.com\/news\/zimsit_w_two-more-banks-face-collapse-dailynews-live\/\" target=\"_blank\" rel=\"noopener\">Read More<\/a><\/p>\n<p>South Africa Today Africa \u2013 Southern Africa <a title=\"Zimbabwe\" href=\"https:\/\/southafricatoday.net\/africa-news\/category\/southern-africa\/zimbabwe\/\">Zimbabwe<\/a> News<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HARARE &#8211; Two more indigenous Zimbabwe banks face collapse due to the persisting liquidity crisis\u2019 systemic risk inherent in the financial sector, a report released this week indicated. In a 2014 first half analysis of Zimbabwe\u2019s economy, Econometer Global Capital (Econometer) warned that the country\u2019s financial sector was far from being solid. \u201cContrary to the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":188473,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[258,256,3213,3212,500,257,254,4693,4686,3211,3214,421],"class_list":["post-4463","post","type-post","status-publish","format-standard","has-post-thumbnail","category-uncategorized","tag-africa","tag-africa-news","tag-econometer-global-capital","tag-financial-sector","tag-harare","tag-news","tag-south-africa-today","tag-southern-africa","tag-zimbabwe","tag-zimbabwe-banks","tag-zimbabwe-banks-face-collapse","tag-zimbabwe-news"],"_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/4463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=4463"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/4463\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/188473"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=4463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=4463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=4463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}