.
There are only four well-known curators, Funga Kuipa, David Scott, Robert Mcindore and Terry Matavire.
Since 2004, more than 15 financial institutions have been placed under curatorship by the Reserve Bank of Zimbabwe. A curator is roped in after a financial institution is facing liquidator problems and to protect the investments of depositors, curator is sought to look for fresh capital injection to save the financial firm.
Sources in the legal and financial sector said there is a possibility that many banks would face financial problems in September after failing to meet new stringent capital requirements. Commercial banks should have Z$1 trillion while merchant and building societies should have $750 billion in their books. – CAJ News
20.7.2006
0:00
Shortage of curators
A memorandum to the organisation’s deputy secretary, Clifford Foroma reads: “May those lawyers who are interested in being appointed curators in the event of a sole partner in a law firm dying, absconding or becoming insolvent lodge their names with the Society as soon as possible”