CBZ restructuring sends 13 executives packing

CBZ Holdings Limited has embarked on a restructuring exercise which has claimed the heads of 13 senior executives as the Zimbabwe Stock Exchange-listed entity seeks to “strengthen its market position”.

The exercise, which is being carried out across the group, will see the first tranche of the affected executives going on garden leave on October 1 with contracts being terminated by end of year.

 In a statement on Friday last week, CBZ group chief executive officer Lawrence Nyazema said the move was part of the group’s broader efforts to strengthen its market position and ensure long-term sustainability in a dynamic market.

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