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Govt workers stage a flash protest at Mthuli Ncube's office
Civil servants staged a flash protest yesterday at the New Government Complex before marching to the offices of the Ministry of Finance, Economic Development and Investment Promotion in Harare, pressi...Published: 15 Jul 2025 at 08:20hrs | 694 | by Staff reporter
Mthuli Ncube under pressure to ease tax burden
Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube is facing mounting pressure from business leaders and economists to overhaul Zimbabwe's tax regime, with demands ...Published: 19 Jun 2025 at 11:24hrs | 1281 | by Staff reporter
Godongwana controversially allocates R321 million to Western Cape
In a surprising move, Finance Minister Enoch Godongwana has allocated an additional R321 million in basic education funding exclusively to the Western Cape, sparking concerns and calls for transparenc...Published: 31 Oct 2024 at 11:58hrs | 1652 | by Staff reporter
Zimbabwe's ballooning US$21 billion debt spirals out of hand
Citizen Coalition for Change (CCC) Mbizo Member of Parliament (MP), Corban Madzivanyika, has raised alarm over Zimbabwe's escalating public debt, which has now surpassed US$21 billion. During a recent...Published: 15 Sep 2024 at 10:06hrs | 1866 | by Staff reporter
ZiG exchange premium skyrockets
Leading research firms have raised alarm this week over the ballooning exchange premium for the Zimbabwe Gold (ZiG) currency, with parallels being drawn to the collapse of the Zimbabwe dollar. The rap...Published: 13 Sep 2024 at 16:03hrs | 7516 | by Staff reporter
ZiG uncertainties to frustrate GDP forecasts
Zimbabwe's economic growth prospects are facing serious challenges due to liquidity shortages and a severe drought, according to leading advisory firms and economists. In a recent mid-term bud...Published: 03 Aug 2024 at 12:57hrs | 201 | by Staff reporter
Zimbabwe tourism receipts up 35% to US$241 million
Zimbabwe's tourism receipts rose by 35% to US$241 million in the first quarter of this year, up from US$178 million in the same period last year, driven by increased international and domestic tourist...Published: 30 Jul 2024 at 07:23hrs | 87 | by Staff reporter
Rampant fraud on fuel in transit worries Mthuli Ncube
Finance Minister Mthuli Ncube has proposed a temporary import duty on fuel in transit to other countries to address ongoing issues with transit fraud. In his mid-term budget statement to parli...Published: 26 Jul 2024 at 16:01hrs | 3108 | by Staff reporter
Mthuli Ncube pleads with Zimbabweans to embrace Zimdollar
TREASURY boss Mthuli Ncube has pleaded with Zimbabweans to embrace the local currency for the country to achieve growth and stability objectives of National Development Strategy 1 economic blueprint....Published: 12 Aug 2023 at 07:53hrs | 10 | by Staff reporter
Zimbabwe gold deliveries climb to 26 tonnes
Gold deliveries to Fidelity Gold Refinery in the nine months to September 2022 grew by 36 percent to 25,7 tonnes, from 18,9 tonnes in the same period a year earlier, raising the prospect that Zimbabwe...Published: 09 Oct 2022 at 07:50hrs | 5 | by Staff reporter
Zimbabwe war vets demand Parliament seats
Zanu-PF's war veterans have told President Emmerson Mnangagwa to reserve seats in Parliament exclusively for the 1970s liberation war fighters to preserve the party's rule.Presenting the war v...Published: 15 Sep 2022 at 05:56hrs | 3 | by Staff reporter
Zimbabwe MPs revolt over fuel coupons
Legislators on Friday threatened to block Finance minister Mthuli Ncube's mid-term budget as they protested against treasury's failure to provide them with fuel and to cater for their welfare....Published: 21 Aug 2022 at 08:48hrs | 3 | by Staff reporter
Zimbabwe's cash-rich govt suppliers fuel currency volatility
GOVERNMENT procurement and service providers - who include public works contractors and suppliers of goods and services - are destabilising the foreign exchange market by offloading part of their stag...Published: 10 Aug 2022 at 08:40hrs | 3 | by Staff reporter
Chamisa flags barren Zanu-PF leadership
Citizens Coalition for Change (CCC) leader Nelson Chamisa has dismissed government's 2022 Mid-Term budget statement as a blatant certification to citizen poverty adding the fiscal blueprint was reflec...Published: 04 Aug 2022 at 22:32hrs | 12 | by Staff reporter
'Mthuli Ncube has failed us'
WOMEN's organisations have decried failure by Finance minister Mthuli Ncube to address "menstrual poverty" among girls and women who are failing to access affordable sanitary wear.Ncube last w...Published: 02 Aug 2022 at 06:47hrs | 1 | by Staff reporter
Mthuli Ncube, civil servants meet over salaries
PUBLIC Service minister Paul Mavima has invited more than 40 public service unions to a meeting to discuss salaries and conditions of service today.Finance minister Mthuli Ncube is expected to...Published: 01 Aug 2022 at 06:37hrs | 2 | by Staff reporter
Zimbabwe infrastructure upgrades to boost revenue performance
GOVERNMENT expects the on-going infrastructural development projects, particularly the upgrading of major highways, to impact positively on revenue performance through improved transport and logistics...Published: 01 Aug 2022 at 06:34hrs | 6 | by Staff reporter
Zimbabwe to host high-level forum on debt resolution
The Zimbabwean government said Thursday it will soon host a high-level debt resolution forum with development partners and other stakeholders aimed at building consensus among stakeholders on resolvin...Published: 29 Jul 2022 at 06:56hrs | | by Staff reporter
'Mthuli Ncube is out of touch with reality'
MARONDERA Urban Business Forum chairperson Emmanuel Danha: "While the supplementary budget was expected and normal in a hyperinflationary economy such as ours, we note with concern the absence of fres...Published: 29 Jul 2022 at 06:52hrs | 2 | by Staff reporter
Zimbabwe tax-free threshold doubled, bonus windfall for workers
The tax-free threshold for income tax was doubled to $50 000 a month yesterday by Finance and Economic Development Minister Mthuli Ncube as part of the doubling of all tax bands to improve disposable ...Published: 29 Jul 2022 at 06:46hrs | 2 | by Staff reporter
Mthuli Ncube evades Parliament grilling
UNDERFIRE Finance minister Mthuli Ncube on Thursday dodged Senate after he was summoned to give a ministerial statement on the currency crisis, gold coins and state of the economy.Senate deput...Published: 23 Jul 2022 at 07:32hrs | 11 | by Staff reporter
RBZ shelves plans to sell gold buying unit
The Reserve Bank of Zimbabwe (RBZ) has indefinitely suspended plans to dispose of its controlling stake in the country's sole gold buyer, Fidelity Printers and Refinery, to new shareholders, a senior ...Published: 21 Mar 2022 at 06:21hrs | 7 | by Staff reporter
Zimbabwe edges closer to US$12bn target?
Government and private sector players in the mining industry are resolute in their commitments towards achieving the US$12 billion by 2023.Zimbabwe launched the Strategic Road to the Achieveme...Published: 03 Jan 2022 at 05:53hrs | 16 | by Staff reporter
Biti dismisses Mthuli's 2022 budget 'mediocrity'
FINANCE minister Mthuli Ncube yesterday presented a $927,3 billion budget with an ambitious gross domestic product growth projection of 5,5% for 2022, but former Finance minister Tendai Biti dismissed...Published: 26 Nov 2021 at 08:21hrs | 10 | by Staff Reporter
Smuggled minerals surpass royalties
THE value of minerals being smuggled out of Zimbabwe far outstrips the royalties that government earns annually from resources, fresh data shows last week, as calls to crackdown on black market trade ...Published: 14 Nov 2021 at 05:42hrs | 10 | by Staff reporter
'US$12 billion mining economy unattainable without policy'
ZIMBABWE, which seeks to achieve the US$12 billion mining economy by 2023, is still operating without a mining development policy, a situation that has created a lot of policy and legal reversals as w...Published: 13 Nov 2021 at 17:45hrs | 9 | by Dumisani Nyoni
Govt snubs cheaper donor-funded jabs
IN an eyebrow-raising development, the Zimbabwean government, battling the Covid-19 pandemic, has been purchasing expensive Chinese vaccines while overlooking doses supplied at cheaper prices under th...Published: 10 Sep 2021 at 07:32hrs | 13 | by Staff reporter
2021 Mid Term Monetary & Budget analysis
The latest mid-term budget and monetary policy statements were presented in a low key mode with emphasis on avoiding policy shocks that can rock the economy. The Zimbabwean government revised upwards ...Published: 01 Sep 2021 at 15:30hrs | 2 | by Victor Bhoroma
Millers back fresh policies
ZIMBABWE'S milling industry have showered praises on under fire Finance minister, Mthuli Ncube for "continued strenuous efforts" in maintaining fiscal discipline to rebuild the troubled economy....Published: 29 Aug 2021 at 07:13hrs | 4 | by Staff reporter
Zimbabwe rising to fastest growing economy in Africa
ZIMBABWE's economy is arguably the fastest growing on the African continent this year due to the sound policies being implemented by the Second Republic, President Mnangagwa has said.Economic ...Published: 29 Aug 2021 at 07:08hrs | 13 | by Staff reporter
Mnangagwa claims that Zimbabwean economy is in fast lane
Zimbabwe's economy is arguably the fastest growing on the African continent this year due to sound policies being implemented by the Second Republic, President Mnangagwa has said.Economic grow...Published: 29 Aug 2021 at 07:07hrs | 1 | by Staff reporter
Mnangagwa's govt extends workers vehicle rebate scheme
GOVERNMENT has agreed to extend the duty-free rebate on motor vehicle scheme for civil servants beyond June 2021, as part of efforts to cushion public service workers through non-monetary incentives. ...Published: 24 Aug 2021 at 06:28hrs | 1 | by Staff reporter
Tagwirei linked companies cited in US$49m privatisation deal
AS Treasury maintains a tight lid over the identity of gold producers who snapped 60% shareholding in Fidelity Printers and Refiners (FPR), emerging details show that Kuvimba Mining House, Better Bran...Published: 20 Aug 2021 at 07:22hrs | | by Staff reporter
Supermarkets doomed after $120bn snub
SEVERAL measures being deployed by government to rebuild the economy may be doomed unless they are twinned with policies that boost spending power, the Confederation of Zimbabwe Retailers (CZR) said, ...Published: 19 Aug 2021 at 06:33hrs | 2 | by Staff reporter
Nkayi South MP's rant stokes fire
NKAYI South legislator Stars Mathe (Zanu-PF) has come under fire for criticising residents who had expressed disgruntlement over delays in the rehabilitation of the Bulawayo-Nkayi Road.Mathe l...Published: 13 Aug 2021 at 06:55hrs | | by Staff reporter
Fuel imports figures stunted, says Zera
RECURRENT foreign currency shortages, worsened by Covid-19 restrictions, are suppressing fuel imports with latest data from the Zimbabwe Energy Regulatory Authority (ZERA) showing stunted movements in...Published: 13 Aug 2021 at 06:51hrs | 16 | by Eben Mabunda
Forex backlog to be cleared in one month
The Government - through the Reserve Bank of Zimbabwe (RBZ) - intends to clear the foreign currency backlog at the auction system within a month-and-a-half, Secretary for Finance Geo...Published: 09 Aug 2021 at 07:33hrs | | by Staff reporter
Schools to remain closed until August 10
GOVERNMENT has gazetted Statutory Instrument (SI) 210 of 2021 to allow for schools to remain closed until August 10, 2021, pending review of the COVID-19 situation in the country.SI 210 of 202...Published: 02 Aug 2021 at 07:44hrs | | by Staff reporter
Agric sector grows 34% on bumper harvest
Zimbabwean farmers did so well with the last harvest that the agricultural sector is now expected to grow 34 percent this year, more than three times the 11 percent initially projected in the budget a...Published: 02 Aug 2021 at 07:31hrs | 2 | by Staff reporter
'Mthuli Ncube's strategy will help him avoid fresh borrowings'
THE global economy contracted 4,3% in 2020 against a background of the United States-China trade war, Brexit and the unprecedented Covid-19 pandemic, which saw countries imposing strict lockdowns that...Published: 01 Aug 2021 at 06:45hrs | 1 | by Inter HorIzon Securities
Zimbabweans thrown into fresh misery
ZIMBABWE ANS were yesterday thrown into fresh misery after Finance minister Mthuli Ncube stuck to his anti-people policies announced in the 2021 National Budget last November, saying he would not revi...Published: 30 Jul 2021 at 07:48hrs | 8 | by Staff reporter
Mnangagwa's govt pampers army, war veterans
ZIMBABWE'S government spent higher amounts funding operations of the Defence and War Veterans ministry during the first half of the year, compared to expenditures committed to crucial sectors, such as...Published: 30 Jul 2021 at 07:38hrs | 9 | by Staff reporter
Vaccination remains 'unavoidable', says Mthuli Ncube
TREASURY has so far disbursed US$93,2 million to procure vaccines to combat the spread of the catastrophic Covid-19 pandemic which has claimed millions of lives across the globe and sharply slowed wor...Published: 30 Jul 2021 at 07:29hrs | 7 | by Staff reporter
Mthuli Ncube's mid-term budget review on today
FINANCE minister Mthuli Ncube is expected to present the mid-term budget review this afternoon.The review comes at a time when the annual inflation rate has been declining, with government say...Published: 29 Jul 2021 at 07:23hrs | | by Staff reporter
Mthuli Ncube's mid-term budget review set for tomorrow
The 2021 mid-term budget review statement will be presented in Parliament tomorrow, Information Minister, Monica Mutsvangwa, said yesterday.Finance and Economic Development Minister, Mthuli Nc...Published: 21 Jul 2021 at 17:26hrs | 1 | by Staff reporter
Mthuli Ncube walks tightrope
ZIMBABWE'S industries have asked Treasury to inject funding into the central bank's forex auction system to help it clear backlogs of up to two weeks and clear market distortions.Confederation...Published: 09 Jul 2021 at 12:07hrs | 1 | by Staff reporter
Zimbabwe forex rules 'a tragedy of good intentions'
LAST week's promulgation of Statutory Instrument 127 of 2021, which penalises issuance of local currency receipt for foreign currency purchases and pricing goods above the official auction rate, among...Published: 06 Jun 2021 at 09:59hrs | 13 | by Staff reporter
2021 Mid-Term Budget Expectations
Zimbabwe's mid-term budget for 2021 is expected to be presented in the beginning of July amid encouraging signs of economic recovery in the last 12 months. The country is undergoing a period of relati...Published: 03 Jun 2021 at 20:21hrs | 1 | by Victor Bhoroma
Mid-term budget stakeholder consultations underway
TREASURY in the process of consultations on the upcoming mid-term fiscal review and the 2022 Budget Strategy paper (BSP) from key stakeholders. The mid-term fiscal policy review statement will...Published: 14 May 2021 at 08:26hrs | | by Staff Reporter
Mthuli Ncube piles more misery on Zimbabweans
FINANCE minister Mthuli Ncube yesterday dampened the hopes for a merry Christmas for the majority Zimbabweans after he reviewed the tax-free threshold to $10 000, about half the cost of a monthly bask...Published: 27 Nov 2020 at 07:28hrs | 2 | by Staff reporter
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