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Pharmacists behind drug smuggling
A NEW report has revealed that some government-employed pharmacists are running smuggling rackets and use their influence to evade border controls.In a report titled: Infamous by Design: Illic...Published: 31 Oct 2022 at 18:51hrs | | by Staff reporter
Mthuli Ncube seeks condonation from Parliament
FINANCE minister Mthuli Ncube has appealed to Parliament for condonation for unauthorised expenditure amounting to $100,7 billion in 2020 and $6,8 billion for 2019.This is contained in the Fin...Published: 11 Jun 2022 at 09:10hrs | | by Staff reporter
Govt, MPs clash over unserviced legislators' housing stands
THE government and lawmakers are at loggerheads after the state indicated to the legislators it had no funds to service housing stands allocated to the legislators recently with the MPs saying it was ...Published: 19 May 2021 at 06:27hrs | 9 | by Staff reporter
Zimbabwe govt pleads with sceptical investors over Victoria Falls bourse
FINANCE minister Mthuli Ncube has assured investors that they will be legally empowered to repatriate their earnings on the Victoria Falls Stock Exchange (VFSE).This comes in the wake of an es...Published: 02 Oct 2020 at 07:46hrs | 3 | by Staff reporter
After TSP, diaspora engagement critical, says Mthuli Ncube
AS government winds up the Transitional Stabilisation Programme (TSP) amid a plethora of challenges it faces in turning around the economy, the Zimbabwe Independent (ZI) caught up with Finance ministe...Published: 02 Oct 2020 at 07:43hrs | 11 | by Staff reporter
IMF flies into Zimbabwe financial mess
A TEAM of International Monetary Fund (IMF) officials will jet into the country next week for the first review of the Staff-Monitored Programme (SMP) at a time government finances are in a shambles wi...Published: 06 Sep 2019 at 07:31hrs | 1 | by Staff reporter
Investor interest remains high, claims Mthuli Ncube
FINANCE and Economic Development Minister Professor Mthuli Ncube yesterday said foreign investor interest in Zimbabwe remained impressively high, as seen from the numerous multi-million dollar investm...Published: 05 Sep 2019 at 07:50hrs | 1 | by Staff reporter
Mthuli Ncube summoned
PARLIAMENT says government finances are in a mess and has summoned Finance minister Mthuli Ncube - as a matter of urgency - to regularise a series of unauthorised expenditures which now include the ZW...Published: 30 Aug 2019 at 20:25hrs | 3 | by Staff reporter
'Sanctions stifle Zimbabwe reforms'
Foreign Affairs and International Trade Minister Dr Sibusiso Moyo has said the removal of illegal sanctions by the West will increase investment in Zimbabwe and aid the implementation of land and secu...Published: 26 Aug 2019 at 06:52hrs | | by Staff reporter
Austerity measures: Is Zimbabwe drinking poisoned chalice?
On September 7, 2018, Mthuli Ncube was appointed as Zimbabwe's Finance minister. Being a technocrat he is, his appointment brought a breath of fresh air. At least, Zanu-PF was breaking with its past o...Published: 20 Aug 2019 at 15:18hrs | 3 | by Cliff Chiduku
Zimbabwe lags behind on fiscal transparency: US
THE United States (US) government has said in a report that Zimbabwe is still lagging behind in terms of fiscal transparency.The 2019 Fiscal Transparency Report, which was prepared by the US S...Published: 20 Aug 2019 at 07:29hrs | | by Staff Reporter
Fact-checking Mthuli Ncube
"It's early days, we just introduced the new currency regime a little over a month ago, so it (the new currency) is trying to find its way, it is trying to find equilibrium; it will get there and clos...Published: 15 Aug 2019 at 07:27hrs | | by Staff reporter
Forex duty for raw materials suspended
Government has exempted 12 food and beverages companies from paying duty in foreign currency when importing certain raw materials quantities necessary for their production processes. Also on t...Published: 13 Aug 2019 at 07:09hrs | | by Staff reporter
MPs hold Mthuli Ncube hostage
LEGISLATORS from across the political divide on Tuesday held Finance minister Mthuli Ncube hostage and threatened to derail his 2019 mid-term budget review if he did not increase and pay their sitting...Published: 09 Aug 2019 at 15:05hrs | 1 | by Staff reporter
Mthuli Ncube quizzed over budget surplus
FINANCE minister Mthuli Ncube was grilled over the benefits of his much-touted ZW$803,6 million budget surplus at a time the majority of Zimbabweans are suffering from a rapidly deteriorating economic...Published: 09 Aug 2019 at 08:11hrs | 1 | by Staff reporter
MDC Alliance boycotts unwarranted, retrogressive
The MDC-Alliance is known for boycotting Parliament, national events and other important occasions in a bid to create side shows and fool its supporters into thinking the party is still relevant. But ...Published: 05 Aug 2019 at 07:20hrs | | by Staff reporter
Mthuli Ncube confirms new grand fiscal heist
FINANCE minister Mthuli Ncube yesterday unwittingly confirmed government committed a grand US$7 billion fiscal heist - by design or accident - when it banned without warning the multi-currency system ...Published: 02 Aug 2019 at 15:17hrs | 1 | by Staff reporter
Matabeleland guns for devolution amid government delays
Chagrined by government delays in the implementation of devolution people in Matabeleland feel marginalised and is gunning for its speedy completion. The military government of President Emmerson Mnan...Published: 23 Jul 2019 at 14:30hrs | 1 | by Makho Precious Moyo
Shambles rock Zimbabwe govt over domestic debt
GOVERNMENT is guesstimating the real domestic debt figure despite announcing that it settled a significant portion of it last week as chaos continues to characterise official communication on the stat...Published: 12 Jul 2019 at 09:20hrs | 2 | by Staff reporter
'Govt not under pressure to borrow'
GOVERNMENT says it no longer has pressure to borrow on the local market after it repaid in excess of $1,5 billion of its domestic debt, a Treasury official has said.Ministry of finance permane...Published: 08 Jul 2019 at 08:01hrs | | by Staff reporter
Concubinages, spouse, family barred on Govt trips
Government is tightening the belt in public finances management and has devised measures to govern expenditure and debt. A key feature of the new regulations - contained in Statutory Instrumen...Published: 03 Jul 2019 at 08:16hrs | | by Staff reporter
Mthuli Ncube's quotes on currency reforms . . .
"Replacing the multi-currency regime anchored in the United States dollar by the South African rand as the sole transaction currency would help reduce over-valuation and stimulate exports and growth. ...Published: 01 Jul 2019 at 08:13hrs | 1 | by Lisa Tazviinga
Minister bemoans industry collapse, deepening economic crisis
Manicaland Provincial Affairs minister Ellen Gwaradzimba has bemoaned the collapse of industry and companies in province due to the country's deepening economic woes.Speaking with businesspeop...Published: 17 Jun 2019 at 09:25hrs | 1 | by Staff reporter
Extraordinary measure for extraordinary: A case of Zimbabwe's austerity measures
In the Bible when Jacob was faced with a situation he was supposed to meet Esau his brother he was so afraid knowing that he had subtly stolen the latter's blessing. During the night, Jacob wrestled a...Published: 12 Jun 2019 at 15:34hrs | 14 | by Elijah Chihota
Mthuli Ncube's budget surplus hits $500m
FINANCE and Economic Development Minister Professor Mthuli Ncube's austerity measures are paying dividends with respect to Government finances, once in shambles due to successive budget deficits, with...Published: 10 Jun 2019 at 06:50hrs | 2 | by Staff reporter
Election losers turn to campaign at Dr Dabengwa's funeral
The passing on of one of Zimbabwe's liberation war icons, Dr Dumiso Dabengwa on 23 May 2019, saw all people from all walks of life from far and near coming to pay their condolences in respect of the l...Published: 05 Jun 2019 at 10:52hrs | 3 | by Elijah Chihota
Devolution confusion - marginalised communities lose out
Concern has arisen amongst some marginalised rural communities in Southern Zimbabwe about the slow implementation of the devolution process and how it was rushed to line up the pockets of a few ruling...Published: 24 May 2019 at 08:02hrs | 4 | by MakhoPrecious Moyo
Zimbabwe open to renegotiate 99-year leases with banks
FINANCE and Economic Development Minister Professor Mthuli Ncube has said Government is open to renegotiating with banks to make 99-year leases acceptable to financial institutions.The Reserve...Published: 21 May 2019 at 06:23hrs | | by Staff reporter
Ex-white farmers hail Mnangagwa
FORMER commercial farmers have praised President Mnangagwa and his Government for taking the initiative to compensate their members who lost land and property during the country's land reform programm...Published: 19 May 2019 at 09:12hrs | 1 | by Staff reporter
Zimbabwe pays US$64,4m to white farmers
Government has to date paid US$64,4 million to 93 white former commercial farmers for the improvements they made on reallocated farms, a senior official has said.Presenting the Ministerial sta...Published: 15 May 2019 at 23:46hrs | 1 | by Staff reporter
'Zimbabwe still committed to migration to digital analogue'
ZIMBABWE is still committed to migrating from analogue to digital broadcasting but scarcity of foreign currency is hampering progress, a Cabinet Minister has said. Giving a public lecture at G...Published: 06 May 2019 at 08:15hrs | 2 | by Staff reporter
Mnangagwa's Zanu-PF admits failure
President Emmerson Mnangagwa's ruling Zanu-PF party is struggling to deliver on its election promises, nearly 10 months after winning a controversial election in July last year.Riding on the c...Published: 05 May 2019 at 17:19hrs | | by Staff reporter
Discipline key to new Zimbabwe economy
As Minister of Finance, I often feel frustrated that we don't live in a perfect world with perfect conditions. So many factors are out of our control; from natural disasters, to global events; from oi...Published: 04 May 2019 at 20:26hrs | | by Professor Mthuli Ncube
Discipline key to new economy
As Minister of Finance, I often feel frustrated that we don't live in a perfect world with perfect conditions. So many factors are out of our control; from natural disasters, to global events; from oi...Published: 03 May 2019 at 15:22hrs | | by Professor Mthuli Ncube
Mnangagwa's reform programme steams ahead
In an interview with the British Broadcasting Corporation (BBC), this writer was asked what reforms President Mnangagwa had undertaken.The journalist asking the question was reminded that her ...Published: 28 Apr 2019 at 07:31hrs | 3 | by Nick Mangwana
Poverty index to guide devolution funding
GOVERNMENT will use the poverty index to prioritise disbursement of funds to facilitate development at local level in line with the devolution drive, Finance and Economic Development Minister, Profess...Published: 26 Apr 2019 at 07:11hrs | | by staff reporter
Realizing your dreams in the age of austerity
Zimbabwe's 2019 National Budget Statement, which was presented under the theme "Austerity for Prosperity," is generally aimed at correcting the fiscal imbalance that is mainly responsible for high inf...Published: 25 Apr 2019 at 08:59hrs | | by Mapozho Saruchera
White farmers told to pay ex-workers first
WHITE commercial farmers can only be paid after they settle their outstanding debts with farm workers as agreed in terms of S16 of 2002, a farm workers' official has said.Government, which has...Published: 21 Apr 2019 at 16:31hrs | 7 | by Staff reporter
Gukurahundi healing, reconciliation timeframes set
GOVERNMENT and the Matabeleland Collective, a group of civil society organisations, have agreed on strict timeframes for the implementation of the Gukurahundi healing and reconciliation implementation...Published: 19 Apr 2019 at 11:09hrs | | by Staff reporter
Calls for salary, wage adjustments intensify
The Institute of People Management of Zimbabwe (IMPZ) has called for an upward review on the taxable wage threshold from RTGS$350 to cushion workers from the rising cost of living.In the 2019 ...Published: 15 Apr 2019 at 06:43hrs | 1 | by Staff reporter
Zimbabwe economy stabilising, claims Mthuli Ncube
FINANCE minister Mthuli Ncube says Zimbabwe's economy is stabilising following the introduction of economic reforms announced under his Transitional Stabilisation Programme (TSP).Latest offici...Published: 13 Apr 2019 at 15:51hrs | | by Staff reporter
Zimbabwe's national budget shrinks to US$2bn
Zimbabwe's US8,2 billion 2019 national budget, presented by Finance minister Mthuli Ncube at a time the UD dollar was officially trading par with the country's quasi-currencies on November 22 last yea...Published: 12 Apr 2019 at 07:29hrs | | by Staff reporter
Land reform irreversible, says Mnangagwa
President Mnangagwa has said the land reform is irreversible and Government will uphold the Constitution by compensating former white commercial farmers for developments they made on the farms....Published: 11 Apr 2019 at 18:26hrs | | by Staff reporter
White Zimbabwe farmers accept Mnangagwa's R238m compensation
Former white commercial farmers in Zimbabwe who had their land expropriated under the fast track land reform programme in the early 2000's have accepted government's offer of an interim payment of RTG...Published: 08 Apr 2019 at 13:34hrs | 3 | by Staff reporter
Compensation of white farmers by Zimbabwe - Statement
Press Statement on the Implementation of Compensation of Former Farm Owners by the Government of the Republic of Zimbabwe 1. As stated in the Transitional Stabilisation Programme (TSP) (Octobe...Published: 07 Apr 2019 at 14:34hrs | | by Staff reporter
Mthuli Ncube launches 7 year IPSAS implementation strategy plan
FINANCE Minister Mthuli Ncube Wednesday launched the Migration to Accrual Based International Sector Accounting Standards implementation plan that will see government institutions move up to speed wit...Published: 05 Apr 2019 at 07:17hrs | 2 | by newzimbabwe
Honour Treasury Bills, banks plead
Not honouring Treasury Bills (TBs) maturities will have far reaching adverse consequences on the entire banking sector and the rest of the economy than honouring them, according to local banks' propos...Published: 05 Apr 2019 at 07:07hrs | | by Staff reporter
Understanding the ZAMCO business model
There has been a lot of talk about the Zimbabwe Asset Management Company (Zamco) lately, particularly after the appearance of the Reserve Bank of Zimbabwe governor, John Mangudya, before the Parliamen...Published: 04 Apr 2019 at 07:02hrs | 2 | by Vince Musewe
A leadership void at the top costing Zimbabwe dearly
THE Zimbabwe government's lackadaisical response to Cyclone Idai, which hit the districts of Chimanimani, Chipinge, Buhera, Nyanga, Makoni, Mutare Rural, Bikita, Masvingo and parts of Midlands between...Published: 27 Mar 2019 at 07:03hrs | 1 | by Editorial - Newsday
US 2018 Human rights report on Zimbabwe biased
Last week the United States Department of State's Bureau of Democracy, Human Rights and Labour released its 2018 Country Reports on Human Rights Practices. An examination of the report shows a fair vi...Published: 18 Mar 2019 at 13:12hrs | | by Nobleman Runyanga
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