News24

Zimbabweans smash bank after cash runs out

2013-12-17 08:54

Harare - Angry Zimbabwean depositors ran amok at a downtown bank, breaking down a door and smashing windows after money ran out to pay withdrawals as cash shortages worsen in the troubled economy.

Witnesses said scores of depositors turned violent on Monday after officials at Allied Bank, owned by former mines minister Obert Mpofu, failed to explain why the bank faced cash shortages.

They said riot police fired teargas to disperse the crowd demanding their money.

Witnesses said damage was caused when people thronged to escape into the street. There were no immediate reports of injury or arrests.

In the first similar incident this month a bank manager in the eastern city of Mutare had to take refuge at the local police station.

Long lines at banks have become a daily sight.

Comments
  • Nicholas Wessels - 2013-12-17 09:22

    And our government wants to emulate the Zimbabwe 'model' of economic and land redistribution....

  • Jp Le Roux - 2013-12-17 09:32

    give it a few years of EFF rule and this is what SA WILL be like...

  • Thebeitsile Kodisang - 2013-12-17 09:42

    hey wag 'n biekkie,is on the way 2 ur SA of the present E-toll regime

  • Heather Mae - 2013-12-17 09:43

    And now to wait for the trolls to say but there is no problem in Zim; this is western journalism spreading lies. It is still the land of milk and honey blah blah yada yada!!!

  • George Slade - 2013-12-17 09:46

    This is the EFF Model !!!

  • Paul Mangwiro - 2013-12-17 09:59

    The more than decade-long totter of the Zimbabwean Financial sector has played a major role in the collapse of the economy. Indegenous banks have proved to be totally unreliable, unethical pyramid schemes and not really into banking but just after duping well-meaning depositors. My advice to fellow Zimbabweans is to stick to the good old bankers that are ethical: Standard Chartered, Barclays, Stanbic...shun & shame the indegenous banks until the sector is well regulated and there is the political will to regulate it.

      Tinashe Magamba - 2013-12-17 19:22

      ...clever white man...very clever...picture & all...!!!

  • Fumo Fumoffu - 2013-12-17 10:39

    We have friends and Family there. A Family Member came to visit in JHB and said that the Banks have had to Ask the Pick & Pays,Spars and OKs to Give them Cash . The shops and people are taking there Money out. Rumors of Zim dollar returning. Soldiers have not been given whats on their pay slips. I had to listen to Moron on BBC Question time on E-TV Sunday night Say in his opinion he would turn South Africa 3 times to what Mugabe has done to Zim. He was also directing those words to an English MP who is born in SA and knows the economic and Political History of this country and was part of the Anti-Apartheid movement in the UK. People want land but do they know how to farm the Land. Go through Zim and See how barren is the Land.Earn a PHD (pot hole driving)degree. BOB only enriched his cronies and himself. Hiring South African farmers to maintain their farms. The people did not elect Zanu PF. They Rigged the elections with the Help of Nukov. Well this is the cost of African Leaders Holding on to Power for to Long, enriching themselves and no compassion for the people.

      Paul Mangwiro - 2013-12-17 11:26

      I agree with lots of what you are saying about cash, overstaying in power and apparent lack of concern for the general welfare of the masses. However, "...The people did not elect ZANU PF. They Rigged the elections with the Help of Nukov..." strikes me as rather more opinionated than factual. Zimbabweans are terribly polarized & rather antagonistically so along political affiliation lines, and any information and statistics one hears depends on the side one is affiliated to. Each side downplays the other's support, and on the ground Mugabe truly have wide, solid support that has been boosted by the MDC's own poor show in the unity government riddled with corruption, disunity, poor leadership and much more. I have no sympathy with both sides as they are grrossly irrelevant and I criticise both at liberty.

  • Nyati_Photo - 2013-12-17 11:17

    No pity, they keep voting in the ape the Mugabe is. Suffer you bunch of idiots

  • Marius Gildenhuys - 2013-12-17 12:10

    You can have land, you can have dignity, but if you don't have food, you have a problem.

  • Ashanzi Afrika - 2013-12-17 15:03

    When will Zimbabweans realise that their country is fracked, and that it will NEVER come right while ZANU-PF continues to "rule"?

  • Ria Cook - 2013-12-18 10:44

    Why not storm the palaces? There's much more money being held there than all the banks together.

  • Steven Summers - 2013-12-18 12:09

    I think it should be renamed. Zimbabwe Falls

  • Tony van Niekerk - 2013-12-18 19:14

    Our tax money is already supporting millions of Zimbabweans in South Africa. Seems now our tax money will be bailing Bob out.

  • Nigt Code Mapfumo - 2013-12-18 22:14

    I think tony u need to understand how tax works! Those Zimboz are productive not under SA grants therefore it's +/- which has no effect but if these people were not working then there was need to worry !

  • Allan McNally - 2013-12-19 09:43

    And this is what the EFF wants.

  • Lorraine Haffner - 2013-12-28 11:48

    Well did bob have to queue to get his money. For his holiday. That's probably why banks have no money his taken it on holiday. Poor bob he is really battling to live. With his numerous houses in zim and overseas just think when he dies he can't take them and the money with him. I wonder what grace will do them

  • Hennie de Ruyter - 2014-01-31 08:03

    I wonder what Zimbabweans think if they hear that over here people get killed over water...

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