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USD$ 3 Billion disappears in Zimbabwe
About 3 Billion United States dollars disappeared through the system after it was allocated to the Command Agriculture program between December 2017 and 2018 it has emerged. The matter came to...Published: 23 hrs ago | 15065 | by Mandla Ndlovu
Mthuli Ncube to slash PAYE, VAT
Government has said it is considering lowering the income tax structure to stimulate demand for goods and services by reducing the Value Added Tax (VAT) and Pay As You Earn (PAYE) tax heads.Fi...Published: 19 Jul 2019 at 09:41hrs | 10251 | by Staff reporter
Mnangagwa advisor reveals Rand adoption bid
THE former President of the Confederation of Zimbabwe Industries (CZI) Busisa Moyo says he tried to convince his colleagues in the Council that the country uses the Rand but majority view prevailed....Published: 19 Jul 2019 at 08:03hrs | 4212 | by Staff reporter
Mthuli Ncube ordered to disclose real debt
PARLIAMENT has given Finance minister Mthuli Ncube up to September 30 to disclose the terms and conditions of all public loans and loan guarantees that have not been published, with legislators castin...Published: 19 Jul 2019 at 07:51hrs | 1452 | by Staff reporter
Zimbabwe govt eating what it has killed, says Mthuli Ncube
FINANCE and Economic Development Minister Professor Mthuli Ncube has said Government is now living within its means and has not borrowed from the Reserve Bank of Zimbabwe in the last seven months. ...Published: 19 Jul 2019 at 07:13hrs | 1160 | by Staff reporter
US govt happy with Mthuli Ncube's TSP
The United States government says Zimbabwe's latest economic blueprint, The Transitional Stabilisation Programme (TSP) can address the economy's weaknesses if fully implemented and h...Published: 19 Jul 2019 at 07:06hrs | 484 | by Staff reporter
Mthuli Ncube doing everything by the book
Zimbabwe's Finance Minister Mthuli Ncube seems to be doing everything by the book as he pursues orthodox economic policy often prescribed by the global "Bretton Woods" lending institutions to try and ...Published: 18 Jul 2019 at 16:48hrs | 3879 | by Reuters
Mnangagwa's advisor speaks out
Member of President Emmerson Mnangagwa's Presidential Advisory Council Busisa Moyo says he tried to convince his colleagues in the Council that the country uses the Rand but majority view prevailed. ...Published: 18 Jul 2019 at 11:26hrs | 12314 | by Mandla Ndlovu
Of all the feeble excuses for imposing Z$ Minister Ncube's takes the biscuit - sanctions, very original too
Of all the feeble excuses proffered by this Zanu PF regime for ending the use of the multi-currency basket in favour of the local currency as the only legal tender; Minister of Finance, Professor Mthu...Published: 18 Jul 2019 at 09:43hrs | 3906 | by Patrick Guramatunhu
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 | 334 | by Staff reporter
Government, Apex Council meet to continue negotiations
GOVERNMENT and Apex Council negotiators are set to meet to continue with negotiations that will culminate in an agreement over civil servants' cushioning allowances. The proposed meeting of ne...Published: 18 Jul 2019 at 07:52hrs | 357 | by Staff reporter
Mthuli Ncube told to resign
MDC Treasurer General David Coltart has urged Finance and Economic Development Minister Mthuli Ncube to resign from his post before he dents his credibility by implanting policies that he does not bel...Published: 17 Jul 2019 at 12:50hrs | 18746 | by Mandla Ndlovu
Poor salaries jolt civil servants
Civil servants representatives yesterday demonstrated in Harare and handed over a petition to the government demanding a restoration of their salary to at least the equivalent of US$475 using the inte...Published: 17 Jul 2019 at 07:55hrs | 1291 | by Staff reporter
Civil servants wages: Govt can't run forever
GOVERNMENT's continued action of snubbing its workers as it tries to avoid paying what is due to the civil servants is nothing short of folly.In fact, it reminds us of lyrics of one of reggae ...Published: 17 Jul 2019 at 07:48hrs | 1075 | by Editorial - Newsday
Govt to announce workers' package
GOVERNMENT is today expected to make an announcement pertaining to civil servants' conditions of service following engagements by workers' representatives with President Mnangagwa recently. Pu...Published: 17 Jul 2019 at 07:38hrs | 971 | by Staff reporter
Teachers vow to shutdown schools on 22 July
The Amalgamated Rural Teachers Union of Zimbabwe says it will shut down schools on Monday 22 July if the government does not address the salary concerns of their members by then. In a statemen...Published: 16 Jul 2019 at 15:19hrs | 4341 | by Mandla Ndlovu
'ZACC will leave no stone unturned to rid of corruption' - sit and eat and spare us the insults and chutzpah
In Zimbabwe, corruption is deep; it is a key pillar of the Zanu-PF dictatorship's patronage system. It is fair to say that to uproot corruption one must first dismantle and uproot the Zanu-PF dictator...Published: 16 Jul 2019 at 08:28hrs | 832 | by Nomusa Garikai
Mnangagwa wears bulletproof vest to clinic opening
President Emmerson Mnangagwa wore a bulletproof vest to the opening of a clinic in Harare on Thursday, pictures reveal.Mnangagwa delivered a World Population Day speech at the official opening...Published: 16 Jul 2019 at 08:16hrs | 5784 | by ZimLive
Mnangagwa wants Mthuli Ncube to loosen his purse
PRESIDENT Emmerson Mnangagwa yesterday called on Finance minister Mthuli Ncube to loosen his purse and prioritise the ailing health services sector, which is facing chronic shortages of drugs and medi...Published: 16 Jul 2019 at 07:37hrs | 6619 | by Staff reporter
Mthuli Ncube's TSP could resolve most of Zimbabwe's structural problems, says US
PRESIDENT Emmerson Mnangagwa's reforms anchored on his short-term policy, the Transitional Stabilisation Programme (TSP) could resolve most of Zimbabwe's structural problems, his most vocal foreign cr...Published: 16 Jul 2019 at 07:29hrs | 3815 | by newzimbabwe
Mthuli Ncube's reforms trigger new cash crisis?
A revealing editorial in today's Herald says SI 142/19, which hastily scrapped the multi-currency system & prematurely introduced a non-existent Zimbabwe dollar as the sole legal tender in the cou...Published: 15 Jul 2019 at 09:44hrs | 7071 | by Staff reporter
Zimbabwe's annual inflation rate doubles in June to 176%
Zimbabwe's inflation rate almost doubled in June from the previous month.Annual inflation accelerated to 175.7% from 97.9% in May, the statistics office said in an emailed release on Monday....Published: 15 Jul 2019 at 09:39hrs | 1033 | by Staff reporter
It's time to revive the Affirmative Action Group
The Affirmative Action Group AAG was a powerful entity which made a huge difference in the business sector. AAG was a successful pressure group which contributed immensely to the growth of several bla...Published: 15 Jul 2019 at 08:50hrs | 946 | by Nicholas Ncube
Zesa dismisses four-day load shedding reports
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has dismissed reports that it will switch to stage four of load shedding, which would see affected suburbs experiencing four days...Published: 15 Jul 2019 at 07:51hrs | 572 | by Staff reporter
'Scrapping of multi-currency regime carefully planned,; says Mthuli Ncube
The scrapping of the multi-currency regime last month was not made in haste, but was carefully planned as Government had been working on it since last year. This was revealed by Finance and Ec...Published: 15 Jul 2019 at 07:50hrs | 1179 | by Staff reporter
Solar use incentives on the cards to 'ease pressure on Zesa'
Government is crafting incentives to promote investment into solar energy to reduce pressure on grid electricity, whose generation is currently depressed due to low water levels in Kariba dam. ...Published: 15 Jul 2019 at 07:47hrs | 1061 | by Staff reporter
SI 142 yields positive results
Having been asked by fellow Zimbabweans to clarify the impact of Statutory Instrument 142 of 2019 (SI 142/2019), announced by Finance and Economic Development Minister Professor Mthuli Ncube on June 2...Published: 15 Jul 2019 at 07:45hrs | 639 | by Tendai A. Chinamasa
Poll reforms complete by mid-2020, says Mugabe coup announcer
Government will amend the Electoral Act by mid next year in line with recommendations made by observer missions during last year's harmonised elections, Foreign Affairs and International Trade Ministe...Published: 15 Jul 2019 at 07:37hrs | 3083 | by Staff reporter
Zanu-PF 'shame list' brews huge storm
An international money laundering watchdog has put Zanu-PF bigwigs and prominent people on its radar after ruling party youths named them in a list of people that are allegedly driving the foreign cur...Published: 14 Jul 2019 at 15:01hrs | 4755 | by Staff reporter
Mthuli Ncube was also surprised
It's almost a year since Finance minister Mthuli Ncube was appointed by President Emmerson Mnangagwa to help turn around an economy weighed down by decades of ruinous policies.In the 10 months...Published: 14 Jul 2019 at 15:01hrs | 13691 | by Staff reporter
Zimbabwe to narrowly avoid recession
Finance minister Mthuli Ncube says Zimbabwe's economy will flat-line this year, narrowly skirting recession in the face of growing headwinds.Initial forecasts had suggested that the economy wo...Published: 14 Jul 2019 at 14:56hrs | 641 | by Staff reporter
Chinamasa rallies behind Mthuli Ncube
FORMER Finance Minister, Patrick Anthony Chinamasa, (P.A.C) who is also the ZANU-PF secretary for finance has rallied behind the current Minister of Finance, Professor Mthuli Ncube, saying the country...Published: 14 Jul 2019 at 12:29hrs | 1476 | by Staff reporter
Zimbabwe, Zambia seal major power deal
A CONSORTIUM of General Electric and Power Construction Corporation of China has been awarded the tender to develop the Batoka Gorge Hydro Electric Scheme (BGHES) under a Build, Operate and Transfer f...Published: 14 Jul 2019 at 12:26hrs | 1246 | by Staff reporter
Fuel prices up again
THE price of petrol went up by $0.84 cents, Saturday a few days after Finance Minister Mthuli Ncube indicated he would be comfortable with an increase that will bring the precious liquid's value per l...Published: 13 Jul 2019 at 19:54hrs | 6533 | by newzimbabwe
Having Zanu-PF and MDC for leaders is like having parents who are not a full shilling - life is hell-on-earth
In the rural village where I grew up lived an odd couple, both the husband and wife were "not a full shilling", people said. As luck would have it, the two were blessed with a child. The two would not...Published: 12 Jul 2019 at 19:57hrs | 838 | by Patrick Guramatunhu
Mnangagwa wears bulletproof vest to clinic opening
President Emmerson Mnangagwa wore a bulletproof vest to the opening of a clinic in Harare on Thursday, pictures reveal.Mnangagwa delivered a World Population Day speech at the official opening...Published: 12 Jul 2019 at 19:11hrs | 19769 | by ZimLive
'Dollarisation failed to create jobs in Zimbabwe'
While Zimbabwe registered remarkable economic growth during the multi-currency era, the period dismally failed to generate significant formal jobs, research findings 5released by the Reserve Bank of Z...Published: 12 Jul 2019 at 18:57hrs | 796 | by Staf reporter
Mthuli Ncube promises to reduce tax burden
FINANCE Minister Mthuli Ncube has promised relief on some taxes ahead of his interim budget on July 31, 2019, as a mid-term fiscal review statement measure to cushion people against the continuous ero...Published: 12 Jul 2019 at 09:26hrs | 5162 | by Staff reporter
Zimbabwe power outages a manifestation of endemic corruption in govt
THE massive daily power outages rocking the country have had a devastating impact on an already fragile economy, throwing into disarray President Emmerson Mnangagwa's mantra that "Zimbabwe is open for...Published: 12 Jul 2019 at 09:24hrs | 1082 | by Staff reporter
Zimbabwe govt to cede TelOne, NetOne majority shares by year-end
GOVERNMENT is moving to complete the sale of its majority shareholding in fixed telecommunications company TelOne and mobile operator NetOne by year-end, businessdigest has learnt.There has be...Published: 12 Jul 2019 at 08:54hrs | 436 | by Staff reporter
Mnangagwa officially opens Chamisa's clinic
President Emmerson Mnangagwa has expressed concern at the high number of women dying during childbirth and pledged government's commitment to halt the trend.Officially opening the Hopley Tarir...Published: 12 Jul 2019 at 08:22hrs | 6338 | by Staff reporter
Mthuli Ncube, spare us those hikes
While ordinary Zimbabweans are bearing the brunt of the high cost of living following the recent fuel price hikes, the situation could get tougher if indications by Finance minister Mthuli Ncube are a...Published: 12 Jul 2019 at 08:11hrs | 974 | by Editorial - Newsday
Unexplained wealth orders here to stay
THE proposed introduction of a free-standing procedure which compels an individual to explain the source of his wealth is a radical development in English law. For instance, the human rights and polit...Published: 12 Jul 2019 at 08:03hrs | 355 | by Prosper Simbarashe Maguchu
Zimbabweans face another fuel price hike
FINANCE minister Mthuli Ncube says government is set to increase the prices of electricity and fuel because the current pricing structure was no longer sustainable.Zimbabwe is currently battli...Published: 11 Jul 2019 at 19:57hrs | 5810 | by Staff reporter
ZESA to charge clients in US Dollars
National power utility ZESA Holdings says it is seeking a government exemption to charge mining companies and other exporters in United States dollars to guarantee power supplies.ZESA wrote to...Published: 11 Jul 2019 at 10:55hrs | 10309 | by Mandla Ndlovu
Obert Mpofu, Jacob Mudenda emerge as Mnangagwa's new targets for purging
AFTER weeding out his new rivals - who brought him to power - in the security sector, President Emmerson Mnangagwa has now shifted the purges to Zanu-PF, targeting the ruling party's heavyweights seen...Published: 11 Jul 2019 at 07:58hrs | 12662 | by Staff reporter
Masiyiwa 'former' lawyer's multi-currency regime challenge ruled not urgent
High Court judge Justice Joseph Musakwa has ruled as not urgent an application by businessman and lawyer, Tawanda Nyambirai who was seeking an order to interdict Finance minister Mthuli Ncube and Rese...Published: 11 Jul 2019 at 07:25hrs | 688 | by Staff reporter
Civil servants get 40% pay rise (30% cut given 100% inflation), thin end of very thick hyperinflation wedge
"CIVIL servants yesterday started receiving a cushioning allowance while the National Joint Negotiating Council (NJNC) convened a meeting to discuss an increment and other conditions of service for Go...Published: 11 Jul 2019 at 06:39hrs | 5226 | by Patrick Guramatunhu
Mthuli Ncube could hike rates over 50% to deal with speculators
Zimbabwe won't hesitate to raise interest rates above their current level of 50 percent to deal with speculative borrowers, Finance Minister Mthuli Ncube said on Monday.As inflation soared, th...Published: 10 Jul 2019 at 21:57hrs | 7439 | by Reuters
Zimbabwe can't pay for imports, narrows trade deficit
Zimbabwe's trade deficit has narrowed to $332m for the five months to May as the southern African country battles to pay for key imports such as electricity and fuel. According to latest figur...Published: 10 Jul 2019 at 21:47hrs | 1517 | by Staff reporter
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