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Zimbabwe: RBZ to Offload Fidelity Printers Stake
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Thursday, December 17, 2020 NewsdzeZimbabwe
THE Reserve Bank of Zimbabwe (RBZ) has privatised its gold
refining business, ending a monopoly that has been enjoyed by Fidelity Printers
and Refiners.
Fidelity controls Zimbabwe’s gold trade as well as the
minting and printing of local currency.
In a statement, governor John Mangudya (pictured) said the
central bank’s board of directors agreed to a restructuring exercise that will
see the bank disposing Tuli Coal and unbundling of Fidelity Printers and
Refiners into two business entities.
The unbundling will see partial privatisation of the gold
refining business allowing private players to be part of the decision-making
RBZ unbundles gold buying company
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