News:First Mutual boss accuses executives of externilising cash

<vote /> First Mutual chief executive officer Douglas Hoto has accused executives and companies of siphoning money out of the country and further worsening the cash crisis.

Hoto also accused chief executive officer's of not being honest,

"You would be surprised that the same people who are saying do not withdraw your money, the financial sector is safe are probably going during the night and getting their money out. We are not all singing from the same song sheet because there is too much selfishness, people are trying to build their own nest but because we are taking feathers from each other this nest is not going to be built"

Reserve Bank of Zimbabwe Governor John Mangudya has also echoed the same sentiments that companies are externalising the US dollar.

Read full story on The Herald


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