IT was interesting reading an article on “Banks start limiting cash withdrawals” (Herald, November 5). The last statement said: “Bearer cheques were first introduced by Cargill as a form of payme
nt to farmers.” Although I remember very well this Cargill initiative, I never, at that time, really appreciated its value until the Reserve Bank adopted it as a result of the cash crisis.
Now the question is, was this Cargill invention patented or patentable? I think the country and the RBZ owe Cargill a huge debt of gratitude, and Cargill probably deserves a proper recognition for its innovation/invention.
This is a classic example of how individual entities, whether private or public, can make a huge contribution to society.
From the land of milk, honey and gold – Zimbabwe.