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Lifting of ZC suspension on the 8th

Posted: Wed Oct 09, 2019 2:09 pm
by Googly
Where are we with this? Have we been cleared?

Re: Lifting of ZC suspension on the 8th

Posted: Wed Oct 09, 2019 2:28 pm
by chesterton
Some of the ZC agents on this board could surely fill us in?

Re: Lifting of ZC suspension on the 8th

Posted: Wed Oct 09, 2019 3:25 pm
by sloandog
Had a meeting with Givemore the other day, looks to be going along nicely.
Nick Singo sends his regards

Re: Lifting of ZC suspension on the 8th

Posted: Wed Oct 09, 2019 3:39 pm
by chesterton
sloandog wrote:
Wed Oct 09, 2019 3:25 pm
Had a meeting with Givemore the other day, looks to be going along nicely.
Nick Singo sends his regards
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Re: Lifting of ZC suspension on the 8th

Posted: Thu Oct 10, 2019 4:46 am
by zimbos_05
sloandog wrote:
Wed Oct 09, 2019 3:25 pm
Had a meeting with Givemore the other day, looks to be going along nicely.
Nick Singo sends his regards
Can i give the bank clearance to move the funds or do you want me to hold off a bit?

Re: Lifting of ZC suspension on the 8th

Posted: Thu Oct 10, 2019 1:47 pm
by Mr Twig
8th was the deadline

ICC meeting is on the 14th so we'll find out after Monday

Re: Lifting of ZC suspension on the 8th

Posted: Fri Oct 11, 2019 4:05 am
by Googly
Do you think it’s a foregone conclusion that the suspension will be lifted?
I’m fairly certain that there must have been ongoing discussions between ZC and SRC which are now not being leaked. Unless I’ve missed something SRC made ZC agree to that oversight committee which they will have fought against tooth and nail.
Our outstanding debt to Metbank of plus minus $20m legally must be repaid in local currency. The rate is 20:1 give or take. $1m squashes it and frees up $19 million usd over the next 4 years. It’s a no brainer.
Why does the current ZC not use those tactics if it was “legacy” debt?
We’re about to get a new currency and God knows what rate these zanu thieves are going to attempt to peg it at.
The time to act is now if of course ZC are acting in our interests and not Metbank’s :lol:

Re: Lifting of ZC suspension on the 8th

Posted: Fri Oct 11, 2019 4:16 am
by Googly
SRC should be making noise about this. Their silence is ominously like they have capitulated or lost interest.
With our new electricity tariffs, unless people are earning foreign currency, and they’re not allowed to, the average household can afford only a few days of electricity a month, and don’t forget that’s at night between 10.30pm and 4am because there is no electricity offered in most areas at other times. The fuel hikes mean even a tank of fuel is now beyond the reach of a lot of people. Zimbabwe has literally ground to a halt.

Re: Lifting of ZC suspension on the 8th

Posted: Fri Oct 11, 2019 4:29 am
by Googly
Let’s me reiterate- legally loans cannot be repaid in foreign currency. The time to squash that debt at a fraction of the cost is now. If ZC don’t act now then there’s proof (as if we needed it) that they act in their own interests.

Re: Lifting of ZC suspension on the 8th

Posted: Fri Oct 11, 2019 5:38 am
by Googly
Encore- how’s your Proteas team doing in India? :lol:
Are you going to deny you had a hand in it or do you only select the good players?