RBZ Dismisses POSB Sale Rumors

The Reserve Bank of Zimbabwe (RBZ) has dismissed recent claims circulating on social media that the People’s Own Savings Bank (POSB) has been sold to foreign investors. The RBZ stated that these claims are false.

In a statement, the central bank clarified that the sale of an institution like POSB would require approvals from the Registrar of Banks and Exchange Control. No such approvals have been granted, making the sale rumors untrue.

The RBZ further emphasized that it has not received any applications from investors interested in purchasing POSB. Furthermore, they have not received any directives from the Zimbabwean government, including President Mnangagwa, regarding potential investors or the sale of the bank.

The RBZ urged the public to disregard these misleading social media posts, reiterating that the claims about the POSB sale are completely unfounded.