Bulawayo24 News - Skyes! "it makes perfect sense"

Are Zimbabwe economic growth rates real?

Every year, the Zimbabwean government and multilateral financial institutions project that the economy will grow by huge margins, yet the current economic situation does not meaningfully change, and if it does at all, it is marginal and ne…

Published: 21 Aug 2025 at 13:08hrs | 292 | by Delani Mangena

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, pressing Finance Minister Mthuli Ncube to pri…

Published: 15 Jul 2025 at 08:20hrs | 696 | by Staff reporter

Treasury launches last-ditch push to stabilise Zimbabwe economy

Zimbabwe's Treasury has embarked on a last-ditch effort to stabilise the country's fragile economy, amid growing fears that policy inconsistency, inflation, and currency volatility could derail industrial recovery and drive businesses into…

Published: 22 May 2025 at 11:33hrs | 623 | by Staff reporter

Mthuli Ncube's 2025 Budget to increase cost of doing business

Leading retailer OK Zimbabwe has expressed concern that the 2025 National Budget, as outlined by Finance Minister Prof Mthuli Ncube, will increase business costs, further exacerbating an already challenging operating environment.The budget…

Published: 20 Dec 2024 at 11:12hrs | 581 | by Staff reporter

Zimbabwe's 'pizza budget' proves economy on the verge of collapse

Zimbabwe's 'pizza budget,' presented two days ago by Finance Minister Professor Mthuli Ncube as the 2025 National Budget Proposal, is a stark illustration of an economy on the verge of collapse. Among the many proposals, the announcement o…

Published: 30 Nov 2024 at 19:01hrs | 557 | by Tendai Ruben Mbofana

Weak currency key to economic growth, says Mthuli Ncube

Finance, Economic Development and Investment Promotion Minister Mthuli Ncube has defended Zimbabwe's weak domestic currency, asserting that it has played a crucial role in fostering economic growth. Speaking at a signing ceremony for four …

Published: 31 Oct 2024 at 06:52hrs | 647 | by Staff reporter

ZiG adjustment stabilises prices, claims Mthuli Ncube

The recent adjustment of the exchange rate between the Zimbabwe Gold (ZiG) currency and the United States dollar has successfully stabilised market prices, Finance, Economic Development and Investment Promotion Minister, Professor Mthuli N…

Published: 05 Oct 2024 at 11:29hrs | 170 | by Staff reporter

1,300 white farmers seek payouts from Zimbabwe govt

About 1,300 White Zimbabwean commercial farmers, whose land was seized in the early 2000s, have signed up to receive compensation and those who qualify will be paid in 10-year treasury bills, a government official said."We now have to go t…

Published: 18 May 2024 at 21:34hrs | 9 | by Staff reporter

Mnangagwa challenges sportspersons

PRESIDENT Mnangagwa has challenged sports-persons to value the Zimbabwean badge whenever they are called to represent the country in international competitions.He was the Guest of Honour at the official opening of the 5 000-seater Heart St…

Published: 12 Dec 2023 at 05:51hrs | 17 | by Staff reporter

Zimbabwe industry players call for Budget taxes review

Organisations in industry and commerce want Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube to review some of the tax proposals he made in the 2024 Budget saying they would impact negatively on the co…

Published: 12 Dec 2023 at 05:51hrs | 14 | by Staff reporter

Former MDC senator blasts Mthuli Ncube over wealth tax

FORMER MDC senator for Matabeleland North Chief Ndlovu has blasted the Finance Minister over the wealth tax he imposed during the announcement of the 2024 national budget."I want to believe that the minister of finance could have tried to …

Published: 03 Dec 2023 at 09:56hrs | 14 | by Stephen Jakes

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."This, combined with other structural re…

Published: 12 Aug 2023 at 07:53hrs | 10 | by Staff reporter

Mthuli Ncube's bag of tricks running on empty

"FOOL me once, shame on you; fool me twice, shame on me."Basically, the famous English saying denotes that after being tricked once, one should learn from their experience and avoid being tricked in the same way again.So, in the Zimbabwean…

Published: 29 Jun 2023 at 06:43hrs | 12 | by Staff reporter

Residents lambast councillors for sabotaging development

COWDRAY Park residents have described Bulawayo councillors as selfish after they took a swipe at Zanu-PF aspiring Cowdray Park constituency Parliamentary candidate, Professor Mthuli Ncube for fixing roads and sinking boreholes.During a ful…

Published: 11 Jun 2023 at 21:28hrs | 2 | by Staff reporter

Analysts dismiss suggestion that Thokozani Khupe withdraw candidature against Mthuli Ncube

Professor Jonathan Moyo's recommendations that Dr Thokozani Khupe withdraw from running against Finance Minister, Professor Mthuli Ncube, as the latter has a better chance of developing Cowdray Park, have been ridiculed by the opposition a…

Published: 06 Jun 2023 at 07:10hrs | 13 | by Staff reporter

Mthuli Ncube's import duty waiver on basic goods praised

ZIMBABWEANS have applauded the Government for lifting all restrictions on the import of basic commodities to boost market supplies and granting a 100 percent retention of domestic foreign currency earnings.Prior to the latest development g…

Published: 06 Jun 2023 at 06:17hrs | | by Staff reporter

'Zimbabwe debt resolution will open funding floodgates'

THE successful conclusion of discussions on Zimbabwe's arrears clearance and debt resolution will lay a firm foundation for the lifting of economic sanctions and help to unlock fresh and affordable external long-term funding for the countr…

Published: 21 May 2023 at 08:02hrs | 3 | by Staff reporter

ZCTU pours scorn on Mthuli Ncube's firefighting stunts

The Zimbabwe Congress of Trade Unions (ZCTU) has dismissed as futile, Finance Minister Mthuli Ncube's attempts to tame a recent price surge that has eroded incomes and brought restlessness within the country's workforce.Stung by the rapid …

Published: 16 May 2023 at 20:41hrs | 1 | by Staff reporter

Parly summons Mthuli Ncube

PARLIAMENTARIANS have summoned Finance minister Mthuli Ncube to explain what measures he was implementing to tame inflation and stabilise the free-falling Zimdollar.The local currency, reintroduced in 2019, has been on a free-fall, pushing…

Published: 11 May 2023 at 05:32hrs | 1 | by Staff reporter

Mthuli Ncube, Mangudya to face Parly grilling

FINANCE minister Mthuli Ncube and Reserve Bank of Zimbabwe (RBZ) governor John Mangudya are expected to face grilling soon from Parliament over allegations that the Central Bank was being used as a conduit for money laundering and other il…

Published: 17 Apr 2023 at 06:19hrs | 2 | by Staff reporter

Mthuli Ncube spends big in Parly seat bid

FINANCE minister Mthuli Ncube is spending big in Bulawayo's Cowdray Park constituency where he will be seeking votes to become a Member of Parliament in the forthcoming elections.Ncube is loosening purse strings in the constituency, even p…

Published: 09 Apr 2023 at 11:32hrs | 1 | by Staff reporter

Ex-farmers reject Zimbabwe govt deal

Former farm owners have rejected Zimbabwe's compensation proposal of paying in government securities over a 10 â€“year period amid concerns about the age profile of the supposed beneficiaries.The government has proposed to compensate forme…

Published: 08 Apr 2023 at 12:42hrs | 10 | by Staff reporter

Zimbabwe to compensate white former farmers over 10 years instead of 20

Zimbabwe will compensate white farmers, whose land was taken, over 10 years instead of the 20 announced three years ago, finance minister Mthuli Ncube said on Thursday, adding that the money would be raised through treasury bills.Zimbabwe …

Published: 25 Feb 2023 at 07:51hrs | 1 | by Staff reporter

Mthuli Ncube under fire over war vets payout

FINANCE and Economic Development minister Mthuli Ncube has come under attack for his plan to splurge US$57,5 million on war veterans, a gesture seen as shoring up support for the ruling Zanu-PF party ahead of elections expected next year.N…

Published: 27 Dec 2022 at 06:41hrs | 2 | by Staff reporter

Zanu-PF heavyweights displace settlers

A Zanu-PF MP, a top government official and a business mogul with links to the ruling party are accused of displacing villagers at two farms in Chegutu under controversial circumstances.One of the victims, a 66 year old woman, is said to h…

Published: 25 Dec 2022 at 14:15hrs | 12 | by Staff reporter

Mthuli Ncube makes Zanu-PF politburo

PRESIDENT Emmerson Mnangagwa yesterday announced a 55-member politburo for his Zanu-PF party, with his wife, Auxillia being reappointed as party secretary for environment and tourism.Auxillia will be deputised by Joshua Sacco, who made a s…

Published: 25 Dec 2022 at 14:14hrs | 8 | by Staff reporter

Mthuli Ncube rules out income tax relief

FINANCE minister Mthuli Ncube (pictured) says raising the income tax threshold again after the previous one in August would have been too soon because widening this tax relief further is dependent on inflation.Leading up to the 2023 nation…

Published: 02 Dec 2022 at 04:58hrs | | by Staff reporter

Mthuli Ncube scraps REIT limits

FINANCE minister Mthuli Ncube has scrapped a limit to the types of property that can be listed under the real estate investment trust (REIT), amid revelations that collective investment schemes under management are now worth $55,6 billion.…

Published: 01 Dec 2022 at 04:57hrs | 3 | by Staff reporter

ZCTU blasts Mthuli Ncube's paltry 2023 budget tax free threshold

THE Zimbabwe Congress of Trade Unions (ZCTU) says Finance Minister, Mthuli Ncube's tax free thresholds in the 2023 National Budget are a blow for the workers who will continue to carry the yoke of over taxation.Prior the announcement of th…

Published: 30 Nov 2022 at 05:09hrs | 1 | by Staff reporter

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 mordenisation, which has seen it receiving the…

Published: 30 Nov 2022 at 05:03hrs | 1 | by Staff reporter

Mthuli Ncube skating on thin ice

THE $4,5 trillion 2023 national budget presented by Finance minister Mthuli Ncube on Thursday has set tongues wagging.Firstly, $4,5 trillion is way above the $3,9 trillion projected revenue for 2023 by $600 000 billion.The problem starts t…

Published: 28 Nov 2022 at 04:57hrs | 1 | by Staff reporter

Mnangagwa's ministers splurge US$23,000 at music album launch

FINANCE minister Mthuli Ncube and Youth deputy minister Tinotenda Machakaire on Saturday irked poverty-stricken Zimbabweans after they both spent a whopping US$23 500 to buy Bulawayo-based musician Sandra Ndebele's latest music album when …

Published: 15 Nov 2022 at 04:52hrs | | by Staff reporterÂ§

Mthuli Ncube gets bashing for buying Sandra Ndebele's album for US$8,500

Finance Minister Mthuli Ncube has taken some social media bashing after buying musician Sandra Ndebele's newly launched album for US$8,500.The treasury boss was a conspicuous dignitary among a list of prominent political, business and arts…

Published: 14 Nov 2022 at 19:23hrs | 2 | by Staff reporter

Mthuli Ncube pays US$8 500 for Sandra Ndebele's latest album

November 12, 2022, will go down in the history of the arts in Bulawayo and Zimbabwe, not only as a celebration of Sandra Ndebele's 20-year career but as the day an album launch united the arts sector.Sandra launched her 10th album at the Z…

Published: 14 Nov 2022 at 05:45hrs | 5 | by Staff reporter

Mthuli Ncube backs budding artistes, describes arts sector as potential employer if capacitated

SEVEN-YEAR-OLD Sibonokuhle Sitsha is a young aspiring musician looking to make her name in the industry.But for all intents and purposes, this could very well be a dream that may not be attained given the high cost of music production in t…

Published: 14 Nov 2022 at 05:10hrs | | by Staff reporter

Mnangagwa's govt draws down US$311m from IMF kitty

ZIMBABWE has drawn down US$311 million from the US$958 million it was allocated under extra Special Drawing Rights by the International Monetary Fund in August last year, an automatic allocation along with the rest of the IMF membership.Th…

Published: 14 Nov 2022 at 05:09hrs | 1 | by Staff reporter

'Zimbabwe making progress in formalising economy'

FINANCE minister Mthuli Ncube says the country is fast gaining ground on formalisation despite 86% of the economy being informal.Speaking at the launch of the second phase of the financial inclusion strategy in Harare yesterday, Ncube said…

Published: 01 Nov 2022 at 05:10hrs | | 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 delegates including Parliament Speaker Jacob M…

Published: 31 Oct 2022 at 05:03hrs | 1 | by Staff reporter

Tough time ahead for 'zvakarongeka' Ncube

EARLY last year Finance and Economic Development minister, Mthuli Ncube made the infamous statement "zvakarongeka", loosely translating to "all is in order" as far as the country's financial reserves were concerned.Ncube's bragging during …

Published: 27 Oct 2022 at 06:13hrs | 15 | by Staff reporter

Mthuli Ncube elected as a Zanu-PF Central Committee member

Zanu-PF has released names of Central Committee elect members who sailed through in the just ended elections.Some party heavyweights who retained are Cdes Obert Mpofu, Mike Bimha, Christopher Mutsvangwa, Lovemore Matuke, Sydney Sekeramai, …

Published: 17 Oct 2022 at 06:05hrs | 3 | by Staff reporter

World Bank commends Mthuli Ncube's bold economic reforms

GLOBAL financier, the World Bank (WB) has heaped praise on Zimbabwe for continuously implementing bold economic reforms more recently saying the initiatives had positioned the economy for a sound performance.The remarks come on the back of…

Published: 16 Oct 2022 at 19:23hrs | | by Staff reporter

Scrap 2% tax, citizens tell Govt

Citizens have demanded that the 2% transaction tax be scrapped, saying it is a burden to the already financially hamstrung and over-taxed population.This came out on Monday during the 2023 pre-budget public hearings being conducted by the …

Published: 05 Oct 2022 at 06:37hrs | 2 | by Staff reporter

Cartels bay for Mthuli Ncube's blood

PREDATORY cartels of "tenderpreneurs" preying on Zimbabwe's lax procurement systems, prejudicing government of millions of United States dollars, are baying for the blood of Finance minister Mthuli Ncube and his secretary George Guvamatang…

Published: 23 Sep 2022 at 19:26hrs | 1 | by Staff reporter

Mthuli Ncube vows to punish government officials facilitating inflated tenders

FINANCE Minister, Mthuli Ncube has upped the anti- inflated- tender scams threatening to take disciplinary measures on any of the government officials found on the wrong side of facilitating such fraudulent deals.The remarks come shortly a…

Published: 19 Sep 2022 at 19:36hrs | 1 | by Staff reporter

Fresh calls to scrap Mthuli Ncube tax

ZIMBABWE'S 2% intermediated money transfer tax (IMMT) is the highest charge on electronic transactions across Africa and should be scrapped because it affects the poor more, non-governmental organisation Fight Inequality Alliance-Zimbabwe …

Published: 16 Sep 2022 at 06:08hrs | | by Staff reporter

Mthuli Ncube to set up music recording studio in Bulawayo

Finance and Economic Development Minister Professor Mthuli Ncube says he is setting up a recording studio in Bulawayo aimed at nurturing artistic talent in the city. Professor Ncube said funds have been raised and he is looking for sp…

Published: 07 Sep 2022 at 06:40hrs | 10 | by Staff reporter

Mthuli Ncube sued 120 times over unpopular policies

FINANCE minister Mthuli Ncube says he has been sued over 120 times over his unpopular economic measures.Since becoming the Treasury boss in September 2018, Ncube has implemented several controversial decisions mostly related to currency. O…

Published: 05 Sep 2022 at 06:41hrs | | by Staff reporter

Mthuli Ncube turns screws on errant Govt departments

ALL ministries, Government departments and agencies have been given up to September 2 to submit due diligence reports on all contracts that were submitted as of July 31 but whose payments were suspended after it had been noted that the pri…

Published: 24 Aug 2022 at 06:38hrs | 2 | by Staff reporter

Mthuli Ncube told to come clean on IMF funds

FINANCE minister Mthuli Ncube has been told to come clean on the utilisation and disbursement of the International Monetary Fund (IMF) Special Drawing Rights (SDR) funds.The Budget and Finance Portfolio Committee chairperson, Matthew Nyash…

Published: 22 Aug 2022 at 07:09hrs | 2 | by Staff reporter

Biti as he shreds Mthuli Ncube's supplementary budget

"We have been there before, in 2006, 2007 and 2008, once you begin to budget in trillions, you must know you have lost it. You must know that you have now become an innocent by-stander to the economy."You must know that you are no longer i…

Published: 21 Aug 2022 at 08:50hrs | 10 | by Staff reporter

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Air Zim, NHS scoop tourism awards

Maimane calls on SA to hold Zanu-PF accountable

E.D. Mnangagwa road to close for sewer works

Armed forces and HIV infections

Vendor goes blind after stealing potatoes

Convict escapes prison, arrested in less than 12 hours

Pharmacist sues CID officers for malicious arrest

Manicaland councils in disarray

Tourism Minister's Stance on Robots in Hotels Sparks Interest

Private parts rip-off attempt, condom wearing delay rescues rape victim

Mnangagwa's Zimbabwe: Speak out, get jailed

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Mudenda blames opposition for sanctions

Zimbabwe's soccer nepotism falls to Mozambique

418 000 pupils to sit for grade 7 exams

Zanu-PF Bulawayo backs Mnangagwa beyond 2028

Spike in complaints over fake products

Erectile dysfunction man axes father to death

Warriors fans call for Nees' dismissal

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China man jailed for rhino horn dealings

Warriors fans call for Nees' dismissal

Man jailed for insulting Mnangagwa, Chiwenga and their mothers

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Murder suspects nabbed in Zambia

Zimbabwe to freeze civil service hiring in 2026

'Operation Dudula is a group of thugs,' says Malema

Businessman shoots wife dead, commits suicide

Illegal private schools get 4 months to comply or face closure

Redcliff plans CBD relocation

Munhumutapa day is not a public holiday

Shurugwi Town Council proposes 10km radius expansion

Zimbabweans in the eye of the SA immigration storm

Zimbabwean academic joins Sacomm executive

Advocate Thabani Mpofu wins at the Supreme Court again

India dumps US Treasury bills

Coltart appears opposed to slashing of parking charges

South African men can now adopt wives' surnames

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Nyamapanda immigration boss arrested

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Treasury cracks down on budget overruns

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2 Zimbabwe immigration officers arrested over visa fraud

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Private sector to help in farm surveys to speed title deeds

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