ZABG UNDER FIRE
 The bank created out of necessity by Dr Gideon Gono is under fire.

In recent months following the turmoil that has been experienced in the market,ZABG has not being spared at all. Money has  not being flowing adequately to the financial instituition prompting panic amongst both investors and depositors.

For over three months now,the bank  has been experienced enormous strain as it tried to  rise above the waters. The other financial power houses have subsequently taken advantage of the situation and now thaey are marketing themselves right at the door step of ZABG like a pack of wild hyenas

Workers at the institution are hanging in there,insisting to that they are not going the Titanic way,infact they are hoping that the government will come throgh and rescue them.

ZABG is a bank that was promulgated from a multitude of small banks that had been deemed a threat to the whole of the financial sector by the firebrand reserve bank gorvenor,Gideon Gono. They have since won their respective court cases and have taken back some of their assets. Royal Bank was from that fiasco. ZABG was left to scronge for the left overs and thats when problems started as it couldnt meet the RBZ capital plan.

In all this,its the depositors who suffer and the workers and their families.