Mass scepticism greeted Reserve Bank Governor John Mushayavanhu's assertion on 11 October that last month's 43% devaluation of the Zimbabwe Gold (ZiG) currency was a ‘once-off' event and that the economy would stabilise and prices would start falling (AC Vol 65 No 9 Shaky new ZiG money undermines IMF talks & Dispatches 1/10/24 Businesses are panicking after latest crash in the ZiG's value against the US dollar)...
The other key player is RBZ Governor John Mushayavanhu who launched the ‘ZiG'...
Local newspapers reported he was fired because the Ministry of Finance did not publish the Statutory Instrument formalising Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu's announcement that taxes would be collected as 50% ZiG and 50% US dollars...
The chances of Finance Minister Mthuli Ncube and new Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu making progress in talks for a staff-monitored IMF programme in Washington DC on 15 April have been scuppered by the chaos caused by the introduction of the new ZiG currency a week earlier...
ECONOMIC POLICY UNDER MNANGAGWA'S BANNER John Mushayavanhu's appointment as Governor of the Reserve Bank of Zimbabwe (RBZ) on 28 March further consolidates power for President Emmerson Dambudzo Mnangagwa's inner circle...
We hear that John Mushayavanhu an old business partner of Mnangagwa's who used to work at First Banking Corporation is favoured to take over as Governor of the Reserve Bank...
So is John Mushayavanhu the banker who reportedly bought Zuva Petroleum which had acquired the distribution networks of BP and Shell (AC Vol 54 No 21 Glencore and the fuel firms)...
Masawara then sold 51% of Zuva Petroleum the company now holding the BP and Shell assets to Woble Investments which is owned by John Mushayavanhu the CEO of banking group FBC Holdings and his wife (AC Vol 54 No 20 ZANU-PF expands its business empire)...
John Mushayavanhu's Woble was buying 51% of Zuva which operates the national filling station networks that used to belong to BP and Shell for nearly US$25 million in cash we reported (AC Vol 54 No 20 Sakunda fuels rumours)...
The head of the firm FBC Holdings John Mushayavanhu is at the centre of a mysterious plan to buy a controlling stake in a national fuel distribution company Zuva Petroleum...
In 2010 John Mushayavanhu's FBC Holdings won the contract to run management services for FNB...