HomeBusiness DigestRBZ hunts for supervisors again

RBZ hunts for supervisors again

Godfrey Marawanyika

THE Reserve Bank of Zimbabwe (RBZ) is now hunting for another group of supervisors for its banking and supervision department.

rdana, Arial, Helvetica, sans-serif”>Earlier this year several individuals were forced to leave the department by the central bank.

The department was also hit by a spate of resignations and early retirement by previous personnel.

The RBZ says successful candidates are expected to provide accurate and timely settlement of all money and capital market deals as well as compile and confirm data on all concluded deals.

The bank’s supervision department has been regularly criticised for failing to provide early warning signs about banks that are in trouble.

Insiders said resignations were caused by unattractive packages that resulted in a number of key personnel resigning.

Last week however all RBZ employees were awarded a 300% salary increment back-dated to January this year.

Earlier this year the RBZ produced a new organogram that resulted in the creation of new departments and at the same time the abolishment of other departments.

The RBZ has been forced to recruit more staff for its new department known as National Development and Economic Finance.

The employees are supposed to man the newly created post of agricultural research, investment promotion, and industrial research development.

They would be hired out on a contractual three to five-year periods.

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