RBZ freezes all Sakunda Accounts

The Reserve Bank of Zimbabwe has with immediate effect frozen all accounts that belong to Sakunda and it’s sister companies.

It is not yet clear why the accounts have been frozen but some sources say it is a desperate move to stop the freefalling of the value of the Zimbabwe dollar introduced by the RBZ earlier this year.

It is believed that there are cartels that are running fuel and cash which are related to the giant.

More to follow…