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Black market running amok
Claims by under-pressure Finance minister Mthuli Ncube that his much-criticised policies will start bearing fruit towards the end of the year look increasingly nonsensical, as the wobbly Zimbabwe doll...Published: 24 hrs ago | 2299 | by Staff reporter
Tax free threshold increased
GOVERNMENT has extended a huge lifeline to employees after increasing the tax-free threshold to $3 500 with effect from August 1, 2019, in order to improve disposable incomes in the face of price incr...Published: 20 Sep 2019 at 07:43hrs | 1090 | by Staff reporter
Harare gets financial lifeline, what about Bulawayo Prpf Mthuli Ncube
The Zimbabwe government on Thursday released 37.4 million Zimbabwe dollars (about 3.1 million U.S. dollars) to the City of Harare as a short-term intervention to help it improve service delivery whils...Published: 19 Sep 2019 at 18:05hrs | 2416 | by Staff reporter
'Zimra still charging duty on sanitary wear'
MDC legislator Priscilla Misihairabwi-Mushonga last week revealed that individuals and institutions that were trying to bring in sanitary towels and cups for donation to underprivileged girls were fai...Published: 19 Sep 2019 at 08:09hrs | 782 | by Staff reporter
Mthuli Ncube's 2% tax to stay despite High Court ruling
High Court Judge Justice Happias Zhou yesterday scrapped Statutory Instrument (SI) 205 of 2018, which enabled Government to levy 2 percent tax on electronic money transactions above $10. The t...Published: 19 Sep 2019 at 07:51hrs | 1463 | by Staff reporter
'2% tax collection not affected'
The Finance and Economic Development Ministry has issued a statement stating that the High Court judgment suspending the two percent tax on electronic transactions will not affect the collection and l...Published: 18 Sep 2019 at 19:42hrs | 3576 | by Staff reporter
Mthuli Ncube a disappointed man
If the minister of finance was serious about his 2 percent transaction tax (si205), he was supposed to have approached the Parliament, to gazette a bill in respect of that.We can not hav...Published: 18 Sep 2019 at 16:34hrs | 4169 | by Nothisa Dube
High Court outlaws Mnangagwa government's illegal tax
In a landmark case argued by MDC Vice President Hon. Tendai Biti, the High Court today outlawed government's two per cent tax on despondent Zimbabweans in a move that vindicated the MDC position that ...Published: 18 Sep 2019 at 12:35hrs | 2800 | by Luke Tamborinyoka
Mthuli Ncube a failure, says Coltart
MDC Alliance treasure general and former education Minister has laid into Finance minister Mthuli Ncube describing him as an academic minister with no political constituency and pandering to the whims...Published: 18 Sep 2019 at 10:45hrs | 3040 | by Staff Reporter
BREAKING: High court embarrasses Mthuli Ncube over 2% taX
High Court Judge Justice Zhou has reportedly set aside SI 205/2018 on the 2% transaction tax. The case against the controversial tax was argued by MDC Vice President Tendai Biti. Under...Published: 18 Sep 2019 at 10:43hrs | 3417 | by Mandla Ndlovu
Chamisa $720k richer as Mnangagwa's treasury releases $3.4 million to MDC
TREASURY has released $3,4 million to the opposition MDC under the Political Parties Finance Act.The money was released two weeks ago following months of bickering, with the opposition party a...Published: 18 Sep 2019 at 08:37hrs | 10879 | by Staff reporter
Zimbabwe, Belarus sign US$350m deals
Zimbabwe and Belarus last night signed deals worth US$350 million as the two countries step up efforts to enhance economic cooperation. President Mnangagwa witnessed the signing ceremony held ...Published: 18 Sep 2019 at 07:51hrs | 92 | by Staff reporter
Zimbabwe inflation 'slows' again
The month-on-month inflation rate for August 2019 slowed to 18,07 percent after shedding 2,97 percentage points on July's 21,04 percent. According to the Zimbabwe National Statistics Agency, (...Published: 17 Sep 2019 at 08:24hrs | 352 | by Staff reporter
Mnangagwa, Belarus envoy hold crucial talks
President Mnangagwa and Belarusian Chief of Presidential Affairs General Colonel Victor Sheiman yesterday held crucial talks to assess progress on investment opportunities which are set to transform Z...Published: 17 Sep 2019 at 08:24hrs | 188 | by Staff reporter
Mnangagwa owns CBZ bank?
One of the country's leading commercial banks CBZ is now owned by President Emmerson Mnangagwa. This was revealed by exiled former cabinet Minister Professor Jonathan Moyo.Moyo was responding ...Published: 17 Sep 2019 at 05:59hrs | 11247 | by Mandla Ndlovu
RBZ explains exchange rate depreciation
THE depreciation of the Zimbabwe dollar against the United States dollar and other currencies in recent weeks is as a result of the closure of the tobacco marketing season which is a major foreign cur...Published: 17 Sep 2019 at 00:53hrs | 2193 | by Staff reporter
New fuel price increase announced
The Zimbabwe Energy Regulatory announced the new fuel price beginning the b16th of September 2019. The new price will see diesel selling for $10.89 and blend for $10.41. Zimbabwe has b...Published: 16 Sep 2019 at 07:03hrs | 7956 | by Mandla Ndlovu
Zimbabwe nears SA industry loans deal
Zimbabwe is closer to sealing over half a billion US dollar syndicated loan package with South African banks to support the private sector, amid revelations Treasury is now finalising the insurance gu...Published: 15 Sep 2019 at 07:40hrs | 359 | by Staff reporter
Mthuli Ncube, Mangudya in court over govt loans
HARARE North legislator Allan Norman Markham (MDC Alliance) has approached the High Court seeking an order to nullify a loan agreement entered between the Finance ministry and the Reserve Bank of Zimb...Published: 14 Sep 2019 at 13:04hrs | 3743 | by Staff reporter
Zimbabwe's MPC, RBZ boards face a daunting task
The new Monetary Policy Committee (MPC) and Reserve Bank of Zimbabwe (RBZ) boards face a daunting task in dealing with the country's monetary problems and bring the much-needed stability and confidenc...Published: 13 Sep 2019 at 14:02hrs | 698 | by Staff reporter
Minister Mthuli Ncube taken to court
Finance and Economic Development Minister Mthuli Ncube has been taken to court by an Harare North Member of Parliament, Daily News has reported. The paper states that MP Allan Norman Markhan w...Published: 13 Sep 2019 at 09:37hrs | 5728 | by Mandla Ndlovu
Mangudya faces daunting task
RESERVE Bank of Zimbabwe governor John Mangudya will soon present his mid- term Monetary Policy Statement, tasked with introducing a cocktail of measures to instil confidence in the market amid a deep...Published: 13 Sep 2019 at 07:38hrs | 1213 | by Staff reporter
MDC MP sues Mthuli Ncube
Finance Minister Mthuli Ncube has been taken court by Harare North legislator Allan Norman Markham over his alleged failure to disclose to parliament how over $6 million worth of loans awarded to Zimb...Published: 13 Sep 2019 at 07:33hrs | 857 | by Staff reporter
IMF team pays Mnangagwa courtesy call
Zimbabwe's efforts to re-engage multilateral financiers continues to gain ground with an International Monetary Fund (IMF) team holding a meeting with President Emmerson Mnangagwa this Thursday....Published: 12 Sep 2019 at 21:36hrs | 356 | by Staff repporter
Mthuli Ncube appoints advisory team for RBZ
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has appointed a nine-member Monetary Policy Committee that will render an advisory role to the Reserve Bank of Zimbabwe (RBZ). ...Published: 12 Sep 2019 at 07:28hrs | 1113 | by Staff Reporter
'Bread to cost $30 in December'
Zimbabweans must brace for a dark Christmas as the price of commodities co0ntinue to sky rocket yet the salaries remain the same. MDC Secretary General Charlton Hwende took to Twitter to lamen...Published: 11 Sep 2019 at 09:24hrs | 2000 | by Mandla Ndlovu
Mnangagwa has impoverished us: Green Bombers
AN association representing graduates of the controversial National Youth Service (NYS) programme has accused the current government led by President Emmerson Mnangagwa of "pauperising them", and work...Published: 11 Sep 2019 at 07:40hrs | 3106 | by Staff reporter
ZCTU members trial in false start
THE trial of 20 Zimbabwe Congress of Trade Unions (ZCTU) activists who were arrested in Mutare in October last year failed to commence yesterday following the death of one of the accused persons, Tens...Published: 11 Sep 2019 at 07:33hrs | 57 | by Staff reporter
Bread, maize-meal shortages hit Zimbabwe
A year after under-fire Finance minister Mthuli Ncube introduced his Transitional Stabilisation Programme (TSP) in a bid to steady the economy, Zimbabwe continues to burn amid fresh bread and mealie-m...Published: 11 Sep 2019 at 07:32hrs | 549 | by Staff reporter
Turning around Zimbabwe's economy will require more than technocratic approaches
TURNING around Zimbabwe's economic fortunes will require more than technocratic approaches and government should urgently create platforms for an inclusive and sustained dialogue, says a new report by...Published: 10 Sep 2019 at 21:54hrs | 300 | by Staff reporter
'Mnangagwa government dashes citizens' hope'
PRESIDENT Emmerson Mnangagwa has decimated the trust and hope the people had in his administration through the economic meltdown and the brutal crackdown on dissent, the Zimbabwe Peace Project has sai...Published: 10 Sep 2019 at 21:51hrs | 730 | by Staff reporter
Parliament to punish absentee ministers
Parliament will take disciplinary measures against Cabinet ministers and their deputies that missed last Wednesday's Question and Answer session in the National Assembly without seeking leave of absen...Published: 09 Sep 2019 at 07:22hrs | 149 | by Staff reporter
Mthuli Ncube calls for patience
Finance and Economic Development Minister Professor Mthuli Ncube has called for patience among citizens, adding that reforms initiated by Government since late last year were beginning to show signs o...Published: 09 Sep 2019 at 07:21hrs | 1172 | by Staff reporter
Mthuli Ncube: Fixing Mugabe's mess
Finance minister Mthuli Ncube may not have realised quite what he was letting himself in for when he took the job of Zimbabwe's Treasury boss in September last year.With his impeccable CV - he...Published: 08 Sep 2019 at 08:50hrs | 693 | by Financial Mail
Zimra board chairman arrested
ZIMBABWE Revenue Authority (Zimra) board chairperson, Callisto Mazorodze Jokonya, yesterday appeared in court on allegations of renewing an employee's contract without following due process. H...Published: 07 Sep 2019 at 10:05hrs | 1348 | 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 | 584 | by Staff reporter
Zimbabwe is a confused country: Cross
Economist Eddie Cross has described Zimbabwe as a rich, but confused and badly managed country with potential to come out of the woods.Presenting at an All-Stakeholders Conference on Health in...Published: 06 Sep 2019 at 07:13hrs | 1017 | by Staff reporter
MDC demands return of US dollar
GOVERNMENT's decision to scrap the multi-currency regime that had worked for a decade was a mistake, former Finance Minister and MDC vice president Tendai Biti has said.Biti was addressing a p...Published: 06 Sep 2019 at 07:12hrs | 448 | by newzimbabwe
Dear Mthuli Ncube: Just having a weak currency alone may not boost exports
Mthuli Ncube, Zimbabwe's Finance minister, wrote an interesting article in the Financial Times, defending the re-introduction of a local currency. His argument was primarily premised on the theory tha...Published: 06 Sep 2019 at 07:08hrs | 1113 | by Perry Munzwembiri
Honeymoon over for anti-Mnangagwa NGOs
The Aid Coordination Policy approved by Cabinet recently, aimed at ensuring consistency and harmonisation of development partners' activities to promote transparency, will not only promote economic gr...Published: 06 Sep 2019 at 07:00hrs | 385 | by Beaven Dhliwayo
'Zim to start talks to clear foreign debt in 2020' - Banks want money not more talks, this is catch 22
"Zimbabwe plans to start talks in early 2020 on clearing arrears on its international debt, Finance Minister Mthuli Ncube said, as it seeks to rebuild confidence in an economy ravaged by high inflatio...Published: 05 Sep 2019 at 13:38hrs | 872 | by Patrick Guramatunhu
Zimbabwe plans talks on foreign debt arrears in early 2020, says Mthuli Ncube
Zimbabwe plans to start talks in early 2020 on clearing arrears on its international debt, Finance Minister Mthuli Ncube said, as it seeks to rebuild confidence in an economy ravaged by high inflation...Published: 05 Sep 2019 at 09:13hrs | 1435 | by Reuters
Doctors ain't more special, says Ziyambi
JUSTICE minister Ziyambi Ziyambi yesterday said public hospital doctors, who have gone on strike over salary grievances, will not be treated as if they were more special than other civil servants as g...Published: 05 Sep 2019 at 08:06hrs | 675 | by Staff reporter
March against sanctions a banal, scapegoating exercise
THIS lot do not get it, do they?Or maybe they are deliberately obtuse?When I first read that President Emmerson Mnangagwa was due to address an anti-sanctions march, I thought it was o...Published: 05 Sep 2019 at 08:05hrs | 130 | by Nqaba Matshazi
Tsvangirai destroyed the ZCTU
Those who have meticulously followed developments on the country's labour landscape since the turn of the millennium will, no doubt, concur with me that Morgan Tsvangirai (may his departed soul rest i...Published: 05 Sep 2019 at 08:03hrs | 357 | by Cuthbert Mavheko
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 | 201 | by Staff reporter
Proposed law to ban doctors, nurses from striking
ZIMBABWEAN doctors, nurses and other workers within the country's ailing health sector will nolonger be allowed to go on strike but shall only be permitted to stage demonstrations for some few hours b...Published: 04 Sep 2019 at 12:42hrs | 1533 | by newzimbabwe
Industry raps Mthuli Ncube's half-hearted currency reforms
INDUSTRY has rapped Finance and Economic Development minister Mthuli Ncube over his "half-hearted approach" to the currency reforms, saying the continued use of the United States dollar in the market ...Published: 04 Sep 2019 at 08:35hrs | 1160 | by Staff reporter
Cabinet approves aid policy
Cabinet yesterday approved the Aid Coordination Policy aimed at ensuring consistency and harmonising activities of development partners, to ensure transparency and that aid is demand-driven. T...Published: 04 Sep 2019 at 08:34hrs | 92 | by Staff reporter
Price of fuel goes down in Zimbabwe
...Published: 02 Sep 2019 at 12:05hrs | 9057 | by Mandla Ndlovu
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