Search / Mthuli
Can Zimbabwe ZiG-zag away from the USD?
ZIMBABWE'S economy has suffered immensely since 2008, when inflation exceeded a million percent.Since then, the government has made six attempts to adopt a local currency, with the latest comi...Published: 3 hrs ago | 31 | by Nkosi Moyo
Mnangagwa's govt blows unbudgeted US$16m
The government incurred significant unbudgeted expenditures earlier this year by providing twin-cab vehicles to chiefs, a move that has placed their parent ministry in a financial deficit, Finance Min...Published: 11 hrs ago | 980 | by Staff reporter
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 | 4507 | by Simbarashe Sithole
Mthuli Ncube must explain why some ministries exceeded their approved budgets
Finance, Economic Development, and Investment Promotion Minister Mthuli Ncube has been urged to explain why some government ministries exceeded their approved budgets before mid-year. In a motion on t...Published: 12 Sep 2024 at 08:01hrs | 432 | by Staff reporter
'80% of ministers boycott Parliament sessions'
A heated debate broke out in the National Assembly on Thursday as lawmakers voiced their frustration over the frequent absenteeism of Cabinet ministers during question-and-answer sessions. This week, ...Published: 07 Sep 2024 at 10:10hrs | 173 | by Staff reporter
Fight over Mthuli's boreholes in Cowdray Park
In Cowdray Park, residents are contesting control over boreholes that were drilled by Finance Minister Mthuli Ncube ahead of the August 2023 elections. Ncube, who lost the seat to Pashor Siban...Published: 04 Sep 2024 at 08:04hrs | 565 | by Staff reporter
Zimbabwe to remove VAT on meat?
Zimbabwe is set to see price cuts on meat and poultry products following a recent policy change that eliminates Value Added Tax (VAT) on these items. This decision, confirmed by Finance Ministry perma...Published: 28 Aug 2024 at 13:31hrs | 527 | by Staff reporter
Mnangagwa must fire Mthuli, Mushayavanhu & Guvamatanga, says Zanu-PF activist
South African-based Zanu-PF supporter Kudzai Mutisi has urged President Emmerson Mnangagwa to remove Minister of Finance, Economic Development and Investment Promotion Mthuli Ncube, the Ministry's per...Published: 22 Aug 2024 at 14:59hrs | 3786 | by Staff reporter
Mutsvangwa's 'tasteless behaviour' could worsen tensions in Zimbabwe
Political commentators have strongly condemned Zanu-PF spokesperson Christopher Mutsvangwa after he laughed at the plight of incarcerated activists during a recent press briefing in Harare.The...Published: 21 Aug 2024 at 13:17hrs | 2538 | by Staff reporter
Zimbabwe National Assembly resumes sitting
The National Assembly of Zimbabwe resumes today after a three-week break, during which the country hosted the 44th SADC Summit at the new Parliament Building in Mount Hampden. The Senate will ...Published: 20 Aug 2024 at 10:28hrs | 46 | by Staff reporter
Cyril Ramaphosa arrives in Zimbabwe for SADC Summit
South African President Cyril Ramaphosa has arrived at Robert Gabriel Mugabe International Airport for the 44th SADC Summit. He was welcomed by Zimba...Published: 17 Aug 2024 at 12:28hrs | 150 | by Staff reporter
Zimbabwe tackles transit fuel fraud head-on
The Zimbabwean government has implemented new regulations requiring all fuel transported by road through Zimbabwe to pay duty and levies at the border. This applies to all types of fuel, including pet...Published: 16 Aug 2024 at 08:12hrs | 107 | by Staff reporter
Dragnet closes in on Zimbabwe money launderers
The dragnet is closing in on money launderers as President Emmerson Mnangagwa's administration yesterday resolved to strengthen the enforcement of anti-money laundering legislation,Business Times repo...Published: 15 Aug 2024 at 14:43hrs | 1119 | 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 | 192 | by Staff reporter
Zimbabwe ranked 30th in budget survey
Zimbabwe's global position on the Open Budget Survey (OBS) has improved, with the country now ranked 30th out of 125 countries. The OBS, conducted by the International Budget Partnership (IBP), measur...Published: 03 Aug 2024 at 12:55hrs | 124 | by Staff reporter
Black-listed govt suppliers face arrest
The Zimbabwean government is set to freeze the bank accounts of 51 suppliers blacklisted for illegal foreign currency dealings. Information, Publicity, and Broadcasting Services permanent ...Published: 03 Aug 2024 at 12:53hrs | 197 | by Staff reporter
Mthuli Ncube makes top 100 most reputable Africans list again
Finance and Economic Development Minister Professor Mthuli Ncube has been included on the 2024 list of the 100 most reputable Africans.This is the second time that Prof Ncube has been included...Published: 01 Aug 2024 at 15:46hrs | 645 | by Staff reporter
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 | 915 | by Staff reporter
Zimra adds 66 000 to tax register
The Zimbabwe Revenue Authority (Zimra) has added 65,547 new taxpayers to its register, thanks to its new Tax and Revenue Management System (TaRMS). In Zimra's 2024 half-year report, board cha...Published: 31 Jul 2024 at 07:00hrs | 1101 | by Staff reporter
Zimbabwe shops continue to reject ZiG
The surge in black-market exchange rates, which peaked at US$1:25 ZiG, has led some businesses in Bulawayo to reject transactions in Zimbabwe Gold (ZiG), defying government directives. This defiance u...Published: 30 Jul 2024 at 07:39hrs | 1843 | 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 | 84 | by Staff reporter
Zimbabwe to build two new generators at Hwange
The Zimbabwean Government has commenced preparatory work on developing two new units at Hwange Power Station to enhance the nation's base load capacity. This follows the commissioning of Hwange Units ...Published: 30 Jul 2024 at 07:22hrs | 448 | 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 | 3093 | by Staff reporter
Zimbabwe foreign currency remittances hit US$1,2 billion
FOREIGN currency remittances surged by 16,5% to hit a record US$1,2 billion in the first half of 2024 leaving diasporans standing out as lucrative foreign currency earners for the economy.The ...Published: 26 Jul 2024 at 06:39hrs | 514 | by Staff reporter
Mthuli Ncube backs down on taxes
The Zimbabwean government has removed value-added tax (VAT) from selected meat products, reduced presumptive taxes for informal traders, and mandated that all government service fees be paid in local ...Published: 26 Jul 2024 at 06:39hrs | 1592 | by Staff reporter
Zimbabwe govt scraps VAT on livestock sales
The Ministry of Finance, Economic Development, and Investment Promotion has proposed VAT exemptions on live animals to boost meat demand and support formal trade in the livestock sector. Last ...Published: 26 Jul 2024 at 06:35hrs | 331 | by Staff reporter
Fresh blitz against illegal forex dealers in Zimbabwe
The police and the Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) have initiated a crackdown on illegal currency traders. This week, numerous money changers were arrested, with many stil...Published: 26 Jul 2024 at 06:33hrs | 487 | by Staff reporter
Mthuli Ncube makes bold measures to anchor ZiG stability
The Government has introduced measures to enhance the stability of the Zimbabwe Gold (ZiG) currency, promote its use, and provide tax relief to boost consumer spending and production. In the Mid-Term ...Published: 26 Jul 2024 at 06:32hrs | 364 | by Staff reporter
Finance Ministry blacklists 51 govt suppliers
The Treasury has blacklisted 51 government contractors for engaging in black market activities after receiving payments in local currency. Treasury boss Mthuli Ncube state...Published: 25 Jul 2024 at 12:48hrs | 862 | by Staff reporter
Zimbabwe launches corruption bait manual for cartels
In its quest to lure cartels into spreading their looting operation spree on devolution resources (funds), the Zimbabwean government on Wednesday launched an intergovernmental fiscal transfers system ...Published: 11 Jul 2024 at 14:29hrs | 35 | by Gideon Madzikatidze/Simbarashe Sithole
Lower growth forecast for Zimbabwe as drought ravages crops
Zimbabwe has adjusted its economic growth forecast downward for 2024 due to severe drought conditions caused by the El Niño weather phenomenon, impacting crop yields across the country. Finan...Published: 11 Jul 2024 at 08:04hrs | 10 | by Staff reporter
VAT for agricultural inputs remains suspended in Zimbabwe
The Treasury has reaffirmed its decision to maintain the suspension of a 15 percent Value Added Tax (VAT) on agricultural inputs, implements, and produce. This initiative is part of a broader strategy...Published: 06 Jul 2024 at 15:56hrs | 25 | by Staff reporter
Zimbabwe gets US$31.8 million drought insurance cover
Zimbabwe has received US$31,8 million from the African Risk Capacity, an arm of the African Union, to help mitigate the effects of the devastating El Nino induced drought.Receiving the insuran...Published: 06 Jul 2024 at 12:04hrs | 15 | by Staff reporter
Zimbabwe's civil servants long for GNU days
ZIMBABWE Prison and Correctional Service (ZPCS) officer Mbekezeli Dube* sits hunched over his desk in his discoloured uniform.The once-vibrant green shade is now a pale shadow of its former se...Published: 06 Jul 2024 at 11:48hrs | 8 | by Staff reporter
'Zimbabwe in food crisis by month end'
Zimbabwe has received approximately US$32 million in drought relief aid, with US$31.8 million coming from the African Risk Capacity (ARC) 2023/24 Drought Insurance Payout. ...Published: 05 Jul 2024 at 11:30hrs | 1 | by Staff reporter
Mnangagwa's govt happy with mismatch in deployment of ECD teachers
The article below was published by the government controlled Chronicle 2 years ago but Shona supremacists are today firing Ministers for implementing the same policy....Published: 02 Jul 2024 at 09:35hrs | 3 | by Staff reporter
Zec faces probe
The Zimbabwe Electoral Commission (Zec) faces scrutiny from the Parliamentary Public Accounts Committee following revelations of a tender scandal involving Wicknell Chivayo and his associates. ...Published: 02 Jul 2024 at 06:38hrs | | by Staff reporter
Mnangagwa fires Guvamatanga, then changes mind
President Emmerson Mnangagwa sacked finance secretary George Guvamatanga last week but then had a change of heart after he made a groveling apology, and following further representations by chief cabi...Published: 01 Jul 2024 at 10:56hrs | 9 | by Staff reporter
IMF says Zimbabwe's economy continues to show resilience
In light of new policy developments, an International Monetary Fund (IMF) staff team led by Mr. Wojciech Maliszewski conducted a second mission to Harare during June 18-27, 2024, to conclude the 2024 ...Published: 28 Jun 2024 at 13:01hrs | 4 | by Staff reporter
Zimbabwe central bank sees slower economic growth of 2%
The Reserve Bank of Zimbabwe (RBZ) projects the economy to grow by 2% in 2024, which is slower than the government's earlier forecast of 3.5%. Despite the lower inflation outlook and market calls for ...Published: 27 Jun 2024 at 14:22hrs | | by Staff reporter
Zimra sabotaging ZiG, says MP
Legislator Discent Bajila of the Citizens Coalition for Change (CCC) criticized the Zimbabwe Revenue Authority (Zimra) for allegedly undermining confidence in the Zimbabwe Gold (ZiG) currency.&nb...Published: 27 Jun 2024 at 06:57hrs | 5 | by Staff reporter
Zimbabwe improves on budget transparency ranking
Finance and Investment Promotion Minister Mthuli Ncube expressed great enthusiasm over Zimbabwe's notable advancement in the Open Budget Survey (OBS) rankings. The country achieved a score of ...Published: 24 Jun 2024 at 10:08hrs | 9 | by Staff reporter
Roman Catholic Priest fires gun in church
A Bulawayo man suspected to be part of a gang of robbers that has terrorised Roman Catholic churches in the city was reportedly sold out by a priest's finger ring that was stolen in one of the churche...Published: 21 Jun 2024 at 12:13hrs | 25 | by Erick Matotoba
Mthuli Ncube authorises 50-50 currency split for tax payment
The Zimbabwean Treasury has authorized companies to pay their Second Quarter Corporate Income Tax obligations in both local currency (ZiG) and foreign currency on a 50:50 basis. This decision is part ...Published: 20 Jun 2024 at 07:22hrs | 4 | by Staff reporter
Zimbabwe economy stabilising after ZiG introduction
The Zimbabwean economy has shown relative stability in recent months following the Reserve Bank Governor's Monetary Policy statement on April 5, 2024, and the transition from the Zimbabwe Dollar to Zi...Published: 20 Jun 2024 at 07:14hrs | 3 | by Staff reporter
Mthuli Ncube courts UK investors
Finance, Economic Development, and Investment Promotion Minister Mthuli Ncube emphasized the importance of addressing food loss and waste to enhance food and nutrition security, particularly in light ...Published: 15 Jun 2024 at 12:12hrs | | by Staff reporter
Zimbabwe rated Africa's most expensive economy
Zimbabwe was recently identified as Africa's most expensive country according to a comprehensive study by the African Development Bank (AfDB). The study assessed power purchasing parities (PPPs) and e...Published: 15 Jun 2024 at 11:13hrs | 45 | by Staff reporter
Zimbabwe govt scraps VAT on gold deliveries
Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, has abolished the 15 percent Value Added Tax (VAT) on gold deliveries to Fidelity Gold Refiners, as stipulated ...Published: 14 Jun 2024 at 07:05hrs | 117 | by Staff reporter
Mthuli Ncube urges Zimbabweans in the UK to invest back home
Finance and Investment Promotion Minister Mthuli Ncube addressed the Zimbabwe Investment and Capital Markets Conference in London, urging Zimbabweans in the UK to consider investing back home due to f...Published: 13 Jun 2024 at 07:05hrs | | by Staff reporter
Chinese firm concludes NRZ feasibility study
The National Railways of Zimbabwe (NRZ) announced this week that a feasibility study on a potential investment deal with a Chinese company has been completed.NRZ recently signed an investment ...Published: 07 Jun 2024 at 07:24hrs | 4 | by Staff reporter
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