Bank failures in Zimbabwe are due to poor regulatory supervision
The rampant failure of banks in Zimbabwe in the past 20 years has now been explained: a major reason is inadequate supervision of banking institutions by the Reserve Bank of Zimbabwe (RBZ) and other regulatory bodies.
This is according to the doctoral study of Menelisi Ncube, who recently graduated from the North-West University (NWU) as a Doctor of Laws in mercantile law.
In his study, Menelisi investigated why the banking institutions in Zimbabwe have been failing from around 2002 to date.