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Mthuli Ncube gets community service at President's Office
Failure to control temper by Mthuli Ncube landed him in deep trouble after he assaulted his brother's wife.The matter came to light at Plumtree magistrates courts today where the 24-year-old N...Published: 12 Sep 2024 at 11:17hrs | 5037 | by Simbarashe Sithole
Zimbabwe Central Bank says usage of ZiG has doubled
The use of Zimbabwe's bullion-backed currency has doubled since it was launched in early April, central bank Governor John Mushayavanhu told the country's Sunday Mail newspaper.The ZiG is now ...Published: 31 Jul 2024 at 07:07hrs | 917 | by Staff reporter
Zimbabwe inflation hits 6-month high
Zimbabwe's inflation rate jumped to its highest level in six months as the local dollar continued its losing streak against the greenback, in one of its worst starts to the year since the currency's r...Published: 29 Feb 2024 at 20:38hrs | 1 | by Staff reporter
10% tollgate resident discounts gazetted
People living within 10km of a tollgate shall pay toll fees discounted by 10 percent following the gazetting of Statutory Instrument 5 of 2024, the Toll Roads (National Road Network) (Amendment) Regul...Published: 22 Jan 2024 at 04:48hrs | | by Staff reporter
Zimbabwe electricity production forecast to jump 17%
ZIMBABWE anticipates a 17,4 percent surge in electricity production this year, as the country seeks to reduce expensive imports and load shedding that negatively affected businesses and households in ...Published: 03 Jan 2024 at 05:25hrs | 11 | by Staff reporter
How greed stole Christmas for poor Zimbabweans
Christmas is supposed to be the season for good cheer, but for most Zimbabweans this year will be another difficult festive season as they struggle to put food on the table.It has been yet ano...Published: 27 Dec 2023 at 19:43hrs | 10 | by Staff reporter
STUPID MOVE: Zimbabwe speeds up decommissioning of power stations
Plans to decommission small thermal power stations in Harare, Munyati and Bulawayo are being expedited, with efforts now aimed at driving more investment towards renewable energy sources in line with ...Published: 06 Dec 2023 at 05:04hrs | 13 | by Staff reporter
Zimbabwe govt increases tax-free threshold
GOVERNMENT has increased the tax-free threshold to $500 000 from $91 000 with effect from August 1 to boost Zimbabweans' disposable incomes who earn in local currency in the face of a rising cost of l...Published: 10 Aug 2023 at 06:43hrs | 25 | by Staff reporter
Bread price jumps 109% in Zimbabwe
THE average price of a standard loaf of bread shot to $1 800 which is equivalent to US$1,70 at the official exchange rate of $1 059,60 to the greenback.This represents a 109% hike on the $860 ...Published: 03 May 2023 at 06:07hrs | 2 | by Staff reporter
Zimbabwe launches US$10 million gold facility
Prospects for increased gold production received a boost yesterday when Finance and Economic Development Minister, Professor Mthuli Ncube launched a US$10 million gold fund targeting small-scale and a...Published: 16 Feb 2023 at 04:50hrs | | by Staff reporter
Smallholder farmers to benefit from US$15 million loan
SMALLHOLDER farmers will soon benefit from a US$15 million loan obtained by the Government from the OPEC Fund for International Development.Finance and Economic Development Minister Professor ...Published: 12 Dec 2022 at 01:02hrs | 78 | by Staff Reporter
Chamisa, Mnangagwa MPs jostle for US$40,000 housing loan
PARLIAMENTARIANS are legally bound to service the recently extended US$40 000 residential stands loans at an interest rate of 5% for the next five years.Some MPs have offered vehicles as colla...Published: 02 Dec 2022 at 19:31hrs | | by Staff rteporter
Mthuli Ncube adds impetus to Nust projects
GOVERNMENT is placing special attention on construction works at the National University of Science and Technology (Nust) as it is poised to be a bedrock of the country's industrialisation and mordeni...Published: 30 Nov 2022 at 05:03hrs | 1 | by Staff reporter
Mthuli Ncube shoots down $9 trillion budget bids by ministries
FINANCE Minister, Mthuli Ncube last week dismissed line ministries' 2023 budget bids of $9 trillion, saying the proposed figures were too high unless government was to borrow.The minister told...Published: 31 Oct 2022 at 05:03hrs | 1 | by Staff reporter
Dubai firm agrees to invest US$100m in Zimbabwe's drugs deal
The drive to attract fresh investment continued yesterday, with Zimbabwe now set to become a hub of pharmaceutical manufacturing for national and regional consumption following the signing of a joint ...Published: 22 Jul 2022 at 06:38hrs | 10 | by Staff reporter
Banks: If gold rusts, what will iron do?
Native Commissioner Oates, I presume!LORD Jonathan Oates' ambition is becoming a latter-day colonial Native Commissioner.Too late chum, both by age and history! Still both don't deter ...Published: 14 May 2022 at 06:22hrs | 6 | by @Jamwanda2 on Saturday
Mthuli Ncube holds talks with investors on USD bond
Finance and Economic Development Minister Professor Mthuli Ncube last week held a productive meeting with international investors who are keen to participate in the Government's US$100 million bond th...Published: 25 Apr 2022 at 08:49hrs | 4 | by Staff reporter
Parly to fast-track Budget debate
The National Assembly has agreed to fast-track debate on the $927 billion 2022 National Budget which was presented by Finance and Economic Development Minister Professor Mthuli Ncube last month to ens...Published: 12 Dec 2021 at 19:50hrs | 10 | by Staff reporter
Temba Mliswa Tests Covid Positive As Parly Closes Due To Spike In Cases
NORTON MP Temba Mliswa Thursday tested positive for Covid-19, a day after he walked out in the National Assembly in protest over its failure to adjourn as coronavirus cases increased.Mliswa We...Published: 12 Dec 2021 at 19:10hrs | 5 | by Staff reporter
ZACC to seize assets worth $730m
Zimbabwe's anti-corruption body has allegedly located unexplained $730 million worth of assets whose owners must face the courts to disclose how they accumulated their fortunes or risk state forfeitur...Published: 05 Dec 2021 at 06:19hrs | 7 | by Staff reporter
Devolution funds doubled in 2022 Budget
FINANCE and Economic Development Minister Professor Mthuli Ncube last week doubled the financial allocation towards the devolution programme as the Government moves with renewed speed and vigour to fa...Published: 28 Nov 2021 at 07:47hrs | 1 | by Staff reporter
'Zimbabweans overtaxed'
ZIMBABWEANS are being heavily taxed, resulting in the Zimbabwe Revenue Authority (Zimra) meeting revenue collection targets despite a poor economic performance.A recent analysis on taxation by...Published: 08 Nov 2021 at 05:29hrs | 1 | by Staff reporter
Govt needs to stabilise bread and butter prices
THE looming increase in bread price will pile pressure on the country's citizens already battling a wildly inflationary environment aided by poor monetary policies by Treasury.To say that the ...Published: 12 Oct 2021 at 06:00hrs | 12 | by Eddie Cross
'Top bankers assigned to guard Zimbabwe's IMF windfall'
Finance Minister Mthuli Ncube laid out a solid spending plan for the US$961 million recently injected by the International Monetary Fund (iMF), saying the windfall would be guarded by three top banker...Published: 03 Sep 2021 at 07:01hrs | 2 | by Staff reporter
Reserve Bank maintains policy rate
THE central bank maintained its policy and overnight accommodation rates yesterday, saying this was important to contain inflationary pressures and tie down money supply growth.Yesterday's mov...Published: 06 Aug 2021 at 07:52hrs | | by Staff reporter
'There is a lot of hope than reality…': Richard Quest
ZANU PF's recklessness and corruption has dragged the Zimbabwean economy into the worst liquidity crunch. An economic catastrophe which can only be experienced in a war-torn country."There is ...Published: 04 Jul 2021 at 12:21hrs | 11 | by Prince Njagu
Mthuli Ncube courts US investors
Finance and Economic Development Minister Mthuli Ncube last week conducted a virtual investor roadshow with United States of America investors.The virtual meeting, which was hosted by Washingt...Published: 27 May 2021 at 22:20hrs | 1 | by Staff reporter
Zimbabwe to receive 1 million COVID-19 doses
ZIMBABWE will likely receive just over one million doses of the AstraZeneca/Oxford COVID-19 vaccine in the first quarter under the Covax Facility, a document released by the organisers yesterday has s...Published: 03 Feb 2021 at 21:57hrs | | by Staff reporter
Tollgate fees hiked again
MOTORISTS, with effect from today, can pay tollgate fees in foreign currency as the Zimbabwe National Road Administration (Zinara) has introduced a dual pricing system and hiked toll fees. The...Published: 30 Jan 2021 at 05:56hrs | | by Staff reporter
Mthuli Ncube launches agricultural commodities exchange
THE Zimbabwean government on Monday launched the agricultural commodities exchange that will ensure farmers get market determined prices for their commodities.Zimbabwe previously had a commodi...Published: 22 Dec 2020 at 06:31hrs | | by Staff writer
Mthuli Ncube launches investment 101 handbook
FINANCE minister Mthuli Ncube has launched the investment 101 handbook and video, as investor education tools, in order to encourage participation by the Zimbabwean population in the capital markets....Published: 15 Dec 2020 at 06:09hrs | 1 | by Staff reporter
Mthuli Ncube lines up TBs to fund deficit
GOVERNMENT is set to float Treasury Bills (TBs) to finance the 2021 budget deficit, Finance minister Mthuli Ncube said last week.Last week on Thursday, the minister unveiled a ZW$421,6 billion...Published: 04 Dec 2020 at 07:18hrs | 2 | by Staff reporter
Mudenda bemoans Parly budgetary allocation
SPEAKER of the National Assembly Jacob Mudenda yesterday expressed dismay over the $7,1 billion budgetary allocation that Parliament got for 2021 saying it would compromise its oversight role. ...Published: 01 Dec 2020 at 06:54hrs | 2 | by Staff reporter
Govt rules out return of US dollar
ZIMBABWE will not consider using the US dollar as its default tender again, saying it won't repeat its past mistake of abandoning the local currency."One of the biggest mistakes was dollarisin...Published: 30 Nov 2020 at 19:05hrs | | by Staff reporter
Zimdollar remains solid against Trump's dollar
For the second week running, the Zimbabwe dollar was virtually unchanged against the US dollar at the weekly auction, shifting just one two hundreth of one percent to $81,3499 from last week's $81,345...Published: 21 Oct 2020 at 21:44hrs | 2 | by Staff reporter
Civil servants forex payment extended
GOVERNMENT has pledged to extend the foreign currency non-taxable Covid-19 allowance for civil servants and pensioners to December as it maintains its position of providing a living wage for its emplo...Published: 10 Sep 2020 at 06:50hrs | | by Staff reporter
Does Brother Mthuli Ncube live in Zimbabwe?
Hope is the expectation, against all rational considerations, that desires will be fulfilled miraculously.When the "new dispensation" was introduced in Zimbabwe, we hoped against past experien...Published: 18 Aug 2019 at 09:51hrs | 1 | by Kennet Mufuka
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
Power tariff hike gives Zesa headstart
Finance and Economic Development Minister Professor Mthuli Ncube last week announced an interim tariff framework meant to support Zesa's operations.But will the new tariff(s) address the cripp...Published: 04 Aug 2019 at 10:06hrs | 1 | by Staff reporter
Soaring fuel prices and stagnant wages squeeze Zimbabweans
A kilometre-long queue of some 200 commuter buses winds its way around a block of the central business district in Harare, terminating at the forecourt of a petrol station.Its 11:42am and an i...Published: 30 Jul 2019 at 17:35hrs | | by Al Jazeera
Mliswa demands improved conditions of service for MPs
Norton MP Temba Mliswa (independent) has threatened to drag government to court to force it to improve the welfare of MPs by providing them with vehicles and increase their salaries.Raising a ...Published: 18 Jul 2019 at 08:07hrs | | by Staff reporter
'20% of Soweto births are Zimbabwean children,' says Biti
ZIMBABWE's economic and political crisis is putting pressure on South Africa's ability to deliver services to its people, MDC vice president has claimed.Biti was speaking in a panel discussion...Published: 02 Jul 2019 at 08:31hrs | 1 | by newzimbabwe.com
Zimdollar return: Financial engineering not the answer
If the Reserve Bank of Zimbabwe (RBZ) was a ship it would be the Titanic, sailing with the patronage of a well-heeled elite with privileged access to the life boats towards a deadly iceberg.Th...Published: 30 Jun 2019 at 09:04hrs | 3 | by Sipho Malunga
Zimbabwe doctors, nurses strike in 14 days
Doctors and nurses have issued a 14-day notice to go on strike, saying health workers have had enough of austerity measures.Finance minister Mthuli Ncube last year introduced austerity measure...Published: 09 Jun 2019 at 12:31hrs | 2 | by Staff reporter
Fresh civil servants salary talks
GOVERNMENT has invited the Apex Council for fresh civil servants salary talks tomorrow (Wednesday) after indicating that salaries would be adjusted against the prevailing inflation levels not the fore...Published: 04 Jun 2019 at 07:09hrs | | by Staff reporter
Sanctions not a hindrance to Zimbabwe's economic prosperity says Chamisa
Nelson Chamisa, the Movement for Democratic Change leader say sanctions, imposed on Zimbabwe by Europe and America since 2001, were not even a hindrance to Zimbabwe's economic prosperity.He wa...Published: 22 May 2019 at 07:06hrs | | by Staff repprter
Mthuli Ncube laments indisciplined speculation
FINANCE and Economic Development Minister, Professor Mthuli Ncube, says the wave of price increases being experienced on the market and the wild parallel market exchange rates have no economic justifi...Published: 25 Apr 2019 at 06:59hrs | 1 | by Staff reporter
Structural reforms crucial for turnaround
ZIMBABWE's economy has for long been dogged by multiple man-created obstacles, confining it in the abyss it has been struggling to get out of for decades.Once these obstacles are removed econo...Published: 23 Apr 2019 at 08:22hrs | | by Editorial - Daily News
Mthuli Ncube lampooned over new currency plans
Finance minister Mthuli Ncube yesterday came under fire from economists who accused him of rushing to announce plans to re-introduce the Zimbabwe dollar before addressing factors which led to its coll...Published: 13 Apr 2019 at 13:17hrs | | 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
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