Rhodesian Acceptances Limited

Rhodesian Acceptances Limited


Rhodesian Acceptances Limited (RAL) was a credit organisation established in the 1950’s to provide short term capital for the financing of imports and exports and the movement of goods within the Federation of Rhodesia & Nyasaland. It was promoted by Union Acceptances (South Africa) and Lazard Brothers of London.

RAL, now known as RAL Merchant Bank (Zimbabwe) was part of Anglo-America until reorganisation/rationalisation, now in the Nedbank/Old Mutual Group.


  • The Manufacturing Economy of Southern Rhodesia: Problems and Prospects – Leonard Tow
  • Uneven Zimbabwe: A Study of Finance, Development, and Underdevelopment – Patrick Bond
  • James Gavin