Business / Economy
RBZ takes MDC advice on redollarization but....
At long last it has happened. The RBZ has finally announced in its ...Published: 27 Mar 2020 at 09:30hrs | 4388 | by Dr Tapiwa Maji-Marefu Mashakada Economist and MDC Secretary for Policy and Research
Mobile money agents to pay customers daily interest
EcoCash, OneMoney and Telecash must now pay interest on daily balances held by their customers at a rate equivalent to 50 percent of the prevailing yi...Published: 14 Mar 2020 at 08:21hrs | 2896 | by Staff Reporter
Reserve Bank of Zimbabwe to release US$120m for fuel
The Reserve Bank of Zimbabwe (RBZ) has earmarked US$120 million this month to import around 200 million litres of fuel for the general local currency ...Published: 04 Mar 2020 at 07:17hrs | 1427 | by Steve Grays
Zimbabwe: African Development Bank Executive Directors conduct consultative mission, tour project sites
HARARE - A seven-member delegation of Executive Directors of the African Development Bank (www.AfDB.org) visited Zimbabwe on a week-long fact-finding ...Published: 26 Feb 2020 at 13:30hrs | 533 | by APO
'Zimbabwe's economy most vulnerable in the region'
ZIMBABWE'S economy is vulnerable, with its growth trends now 2% below the average of sub-Saharan Africa's economic expansion, partly due to exchange r...Published: 16 Feb 2020 at 08:43hrs | 580 | by Staff reporter
Zimra targets US$ charging businesses to raise dollars
Zimbabwe's tax agency on Monday ordered businesses charging their customers in foreign currency to also settle their tax obligations in foreign curren...Published: 30 Jan 2020 at 09:05hrs | 895 | by Staff reporter
Zimra surpasses revenue target by 24,65%
THE Zimbabwe Revenue Authority (Zimra) says it surpassed its net revenue target by 24,65% to register $23,19 billion in the 2019 fiscal year, largely ...Published: 30 Jan 2020 at 09:02hrs | 281 | by Staff reporter
Month-on-month inflation sheds 0.91%
THE country's month-on-month inflation ended 2019 at 16,55 percent, shedding 0,91 percentage points on the November figure, data from the Zimbabwe Nat...Published: 16 Jan 2020 at 07:27hrs | 923 | by Tarisai Mudahondo
Reserve bank to inject 500m cash into circulation
The Reserve Bank of Zimbabwe (RBZ) plans to inject half a billion new notes and coins into circulation by the first half of this year, according to Fi...Published: 12 Jan 2020 at 08:07hrs | 3125 | by Dr Masimba Mavaza
World Bank forecast 2,7pc growth for Zimbabwe
The World Bank has forecast Zimbabwe's economy to grow by 2,7 percent this year, a growth that almost tallies with Finance Minister Mthuli Ncube's 202...Published: 10 Jan 2020 at 09:28hrs | 1608 | by Staff Reporter
Zimbabwe govt warned against printing money
Business leaders have warned government to desist from excessive money printing, as it is negatively affecting real growth.Inflation happens i...Published: 29 Dec 2019 at 11:38hrs | 10724 | by Staff Reporter
Mthuli Ncube says policy not finance will drive industrialisation
FINANCE and Economic Development Minister, Professor Mthuli Ncube, says revitalising the country's industries is hinged on policy reform and consisten...Published: 23 Dec 2019 at 07:59hrs | 2213 | by Staff Reporter
Central bank injects more notes into circulation
The Reserve Bank of Zimbabwe injected an additional $20 million of banknotes into circulation in the last week, with much of it channelled to the Peop...Published: 21 Dec 2019 at 07:37hrs | 1656 | by Staff Reporter
Mthuli Ncube to introduce $10, $20 notes
FINANCE minister Mthuli Ncube has hinted to Parliament that he will be introducing higher denominations of $10 and $20 notes in the near future....Published: 18 Dec 2019 at 08:53hrs | 7651 | by Staff Reporter
Indian investors flock to Zimbabwe
THE new dispensation's rallying call, that Zimbabwe is open for business, has roused the interest of Indian investors amid indications that investment...Published: 15 Dec 2019 at 09:17hrs | 1775 | by Staff Reporter
Ecobank in hot soup over cash abuse
Reserve Bank of Zimbabwe (RBZ) says Ecobank is responsible for releasing the wads of brand new notes circulating on social media. RBZ Governor...Published: 14 Nov 2019 at 17:10hrs | 3341 | by Staff Reporter
Zimbabwe eyes increased innovation systems for industry
The government is partnering the private sector and the academia in coming up with an innovation roadmap to boost the industrialisation of the e...Published: 03 Nov 2019 at 17:26hrs | 641 | by Staff reporter
RBZ caps cash-out at $100 per transaction with immediate effect
PRESS STATEMENT CASH-IN, CASH-OUT AND CASH-BACK FACILITIES 1. The Directive (NPS 01/2019) on c...Published: 02 Oct 2019 at 15:49hrs | 2187 | by RBZ
Zimbabwe needs higher productivity and exports
Reserve Bank of Zimbabwe deputy governor Dr Jesimen Chipika emphasised to chartered secretaries meeting in Victoria Falls last week that the governmen...Published: 30 Sep 2019 at 15:01hrs | 278 | by Agencies
Real exchange rate should be US$1: ZWL$5.6, says Mthuli Ncube
THE appropriate exchange rate between the Zimbabwean dollar and the United States dollar should hover around US$1:ZWL$5,6 based on "founded quantitati...Published: 24 Sep 2019 at 06:35hrs | 3928 | by Staff Reporter
Black market forex rates tumble
Government will not hesitate to descent on companies that fuel parallel market activities that have triggered massive price increases and erode people...Published: 22 Sep 2019 at 08:02hrs | 15137 | by Staff Reporter
ZIMRA CORRECTION: 'Tax-free threshold now $3500'
AS A MATTER OF FACT: CORRECTION OF POSSIBLE MISINTERPRETATION THAT MAY ARISE FROM THE ARTICLE PUBLISHED BY THE HERALD...Published: 20 Sep 2019 at 13:55hrs | 6200 | by Zimra
Old Mutual blocks CEO Moyo from returning to work again
(Bloomberg) - As Peter Moyo hung around Old Mutual Ltd.'s headquarters in Johannesburg getting a coffee, a staffer came up to him, hugged the on-and-o...Published: 09 Sep 2019 at 13:30hrs | 2295 | by Bloomberg
Finance 2019 Mid Year Fiscal Review - Summary
Finance 2019 Mid Year Fiscal Review...Published: 01 Aug 2019 at 14:51hrs | 5808 | by Staff Reporter
WATCH: 'Nothing has changed,' says Mthuli Ncube
Finance and Economic Development Minister Mthuli Ncube has said nothing has changed, the RTGS$ remains the local currency....Published: 24 Jun 2019 at 20:40hrs | 7995 | by Staff Reporter
Zimbabwe, UK firm partnership to boost local capital markets
ZIMBABWE'S capital markets, which have been confining investors to limited options as chronic challenges buffeting the imploding economy ate into comp...Published: 23 Jun 2019 at 17:28hrs | 1188 | by Staff Reporter
Rising demand pushes the ZSE
The Zimbabwe Stock Exchange (ZSE) climbed significantly during the week ended June 14 2019, on rising demand across the board. The market recorded gai...Published: 16 Jun 2019 at 09:43hrs | 916 | by Fungai Nyaungwa
RTGS$ plunges
Zimbabwe is nearing the much dreaded economic horrors of 2008 punctuated by hyperinflation, widespread shortages of foreign currency and fuel coupled ...Published: 21 Apr 2019 at 08:55hrs | 9889 | by Staff reporter
Zimbabwe trade registers $44,2m deficit
ZIMBABWE'S trade opened the year in the negative, registering a $44,2 million deficit in January, latest data from the statistics agency has shown....Published: 14 Mar 2019 at 05:28hrs | 1290 | by Staff Reporter
Tobacco to increase foreign currency inflows
Foreign currency inflows into the country are set to improve next month, with the Tobacco Industry and Marketing Board (TIMB) having indicated that th...Published: 02 Mar 2019 at 10:03hrs | 1702 | by Staff Reporter
How to Choose the Best Forex Broker for Beginners
The Forex market is one of the largest financial markets in the world. It offers 24 hours trading with a turnover of trillions of dollars a day. The c...Published: 20 Feb 2019 at 11:28hrs | 1702 | by Staff Reporter
Zimbabwe, SA in financial package talks
ZIMBABWE and South Africa are still locked in crucial talks over a financial package for Harare to help the country clear its arrears to international...Published: 27 Jan 2019 at 11:02hrs | 13474 | by Staff Reporter
Government targets reduction of tax burden by 2021
Government says Zimbabweans should expect reduction of the tax burden by 2021 as Treasury seeks to address challenges that led to the country experien...Published: 13 Jan 2019 at 18:34hrs | 1641 | by Staff Reporter
Zimbabwe to have own currency in 12 months
Finance and Economic Development Minister Professor Mthuli Ncube yesterday said the country will have its own currency within the next 12 months, as G...Published: 12 Jan 2019 at 11:18hrs | 4737 | by Staff Reporter
Zimbabweans not highly taxed - Zimra
The Zimbabwe Revenue Authority (Zimra) says Zimbabweans are not highly taxed as claimed by some sections of society. Most of these taxes compa...Published: 27 Dec 2018 at 08:57hrs | 3195 | by Staff Reporter
Zimbabwe moving towards dollarisation - Economists
Economists have warned government over the continued usage of bond notes as a medium of exchange saying the surrogate currency is at risk of facing re...Published: 25 Dec 2018 at 15:35hrs | 15580 | by Daily News
MPs say 'Yes' to Mthuli Ncube's 2% tax
The 2019 National Budget sailed through the National Assembly on Thursday with legislators adopting the two percent intermediated tax which was one of...Published: 25 Dec 2018 at 08:00hrs | 2370 | by Staff Reporter
IMF backs Mnangagwa's economic plan
The International Monetary Fund (IMF) has been bowled over by President Emmerson Mnangagwa's current economic plan, which has already seen Treasury re...Published: 16 Dec 2018 at 09:56hrs | 2567 | by The Sunday Mail
WATCH: Zimbabwe is the biggest buy in Africa, Mthuli Ncube tells CNN
“For the new #Zimbabwe, we are focused on economic revival for prosperity for Zimbabwe citizens and investors. #Zimbabwe assets are the bigges...Published: 06 Dec 2018 at 00:27hrs | 3843 | by Staff Reporter
Mthuli Ncube's TSP creditor positive and transformative for Zimbabwe economy - Moody's
Moody's ranks Zimbabwe Finance Minister Mthuli Ncube's Transitional Stabilisation Programme (TSP) as creditor positive and transformative for Zimbabwe...Published: 04 Dec 2018 at 20:48hrs | 4983 | by Agencies
More exemptions on Mthuli Ncube's 2% tax
TREASURY has proposed further exemptions to the Intermediated Money Transfer Tax of two cents per dollar transacted following widespread stakeholder c...Published: 28 Nov 2018 at 07:10hrs | 7650 | by Staff Reporter
Zimbabwe the 2019 budget speech
Zimbabwe the 2019 budget speech...Published: 22 Nov 2018 at 15:57hrs | 4717 | by Staff Reporter
Excellent progress on Zimbabwe fiscal budget deficit reduction.
In the month of September 2018, the fiscal budget was balanced and the deficit was almost zeroProfessor Mthuli Ncube, Zimbabwe Minister of Fin...Published: 09 Nov 2018 at 21:46hrs | 4225 | by Ndou Paul
Mthuli Ncube told to decentralise budgetary allocations
The Minister of Finance and Economic Development Professor Mthuli Ncube has been urged to consider decentralising line ministries' budgetary allocatio...Published: 24 Oct 2018 at 14:32hrs | 2385 | by Staff Reporter
Zimbabwe considers debt cancellation
Zimbabwe is considering a request to have its debt with the multilateral lenders, World Bank and International Monetary Fund to be cancelled in order ...Published: 17 Oct 2018 at 14:07hrs | 6128 | by Staff Reporter
Mthuli Ncube says Zimbabwe economy will stabilise, price shocks are transitory
Finance and Economic Development Minister Professor Mthuli Ncube has said the price shocks that were recently experienced by the market are temporary ...Published: 14 Oct 2018 at 08:12hrs | 5501 | by Staff Reporter
Mthuli Ncube secures backing of IMF and World Bank
Today the Zimbabwe government led by the Minister of Finance and Economic Development, Hon. Prof. Mthuli Ncube held a crucial meeting with co-operatin...Published: 10 Oct 2018 at 16:10hrs | 4083 | by Agencies
Govt de-dollarises economy, bond notes bounce back
GOVERNMENT has technically de-dollarised the economy by reintroducing local currency bank accounts, which will be traded in electronic transfers and b...Published: 02 Oct 2018 at 09:28hrs | 8477 | by Staff Reporter
Mthuli Ncube statement on proposed fiscal reforms to bring Zimbabwe finances under control
Minister of Finance Mthuli Ncube Statement on Proposed Fiscal Reforms to bring Zimbabwe finances under control ...Published: 01 Oct 2018 at 16:32hrs | 7849 | by Staff Reporter
Government approves $400m 5-year diamond mining project
The government has approved a US$400 million five year diamond mining project to increase the value of returns in the capital intensive but viable ind...Published: 24 Sep 2018 at 18:21hrs | 2149 | by Staff Reporter
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