{"id":38408,"date":"2021-04-12T17:50:19","date_gmt":"2021-04-12T15:50:19","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=38408"},"modified":"2021-04-12T17:10:32","modified_gmt":"2021-04-12T15:10:32","slug":"mnangagwa-warns-of-crackdown-on-financial-sector","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mnangagwa-warns-of-crackdown-on-financial-sector","title":{"rendered":"Mnangagwa Warns Of Crackdown On Financial Sector"},"content":{"rendered":"

Africa-Press<\/a> – Zimbabwe<\/a>. <\/strong><\/span>Bloomberg News<\/b> – Zimbabwean President Emmerson Mnangagwa vowed to take unspecified action against companies in the financial services industry that he accused of profiteering.<\/p>\n

\u201cThere are sharks in the financial sector,\u201d Mnangagwa was quoted as saying by government spokesman Nick Mangwana on Twitter. \u201cWe now know who they are. We are dealing with them.\u201d<\/p>\n

Mangwana didn\u2019t immediately respond Monday to a text message seeking further comment. Mnangagwa didn\u2019t identify the companies he was talking about.<\/p>\n

Mnangagwa has previously issued warnings to private companies he blames for undermining his efforts to turn around an economy plagued by annual inflation of 241% and foreign-currency shortages. Last year, his government closed the Zimbabwe Stock Exchange for five weeks and singled out the largest mobile operator, Econet Wireless Zimbabwe Ltd., for undermining the nation\u2019s currency through its mobile money service<\/p>\n

Ralph Watungwa, president of the Bankers Association of Zimbabwe, didn\u2019t answer two calls seeking comment.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. Bloomberg News – Zimbabwean President Emmerson Mnangagwa vowed to take unspecified action against companies in the financial services industry that he accused of profiteering. \u201cThere are sharks in the financial sector,\u201d Mnangagwa was quoted as saying by government spokesman Nick Mangwana on Twitter. \u201cWe now know who they are. We are dealing […]<\/p>\n","protected":false},"author":84,"featured_media":38407,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,35,12,15],"tags":[1493,2189,19],"class_list":["post-38408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-zimbabwe-2","tag-zimbabwe"],"yoast_head":"\nMnangagwa Warns Of Crackdown On Financial Sector - zimbabwe<\/title>\n<meta name=\"description\" content=\"Bloomberg News - Zimbabwean President Emmerson Mnangagwa vowed to take unspecified action against companies in th ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mnangagwa-warns-of-crackdown-on-financial-sector\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mnangagwa Warns Of Crackdown On Financial Sector\" \/>\n<meta property=\"og:description\" content=\"Bloomberg News - 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