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Mthuli Ncube declares surplus despite only 35% of budget spent

Finance and Economic Development Minister Mthuli Ncube on Thursday declared a budget surplus of ZWG3.3 billion for the first half of 2025, despite revealing that just 35.5% of the approved National Budget had been spent by mid-year.Present…

Published: 31 Jul 2025 at 15:46hrs | 268 | by Staff reporter

Treasury posts ZiG3,46bn surplus in first 4 months

The Treasury has recorded a surplus of ZiG3.46 billion during the first four months of the 2025 fiscal year, driven by disciplined cost containment and punctual debt servicing.While this surplus falls short of the ZiG7.18 billion originall…

Published: 19 May 2025 at 09:27hrs | 209 | by Staff reporter

Magistrate jailed 3 years for abuse of office

BULAWAYO magistrate Stephen Ndlovu has been jailed three years for criminal abuse of office.Ndlovu (48) of Thorngrove in Bulawayo unlawfully issued a court order to release an exhibit held by the police.He was found guilty of the charges b…

Published: 20 Jun 2022 at 06:41hrs | 13 | by Staff reporter

Zimbabwe will have grain surplus

GOVERNMENT has declared that the country is not facing imminent hunger and is, instead, expecting a grain surplus of over 100 000 tonnes.Agriculture ministry secretary John Bhasera last week said government was prepared to ensure that the …

Published: 20 Jun 2022 at 06:41hrs | 1 | by Staff reporter

CABS surplus doubles as lending rebounds

A RISE in non-interest income as loans went up at CABS, one of the country's biggest building societies, inspired a 130% increase in surplus in inflation adjusted terms for the year to December 2021, latest results showed yesterday.CABS' s…

Published: 31 Mar 2022 at 08:53hrs | 5 | by Staff reporter

If govt is posting surpluses, why are Zimbabweans in this mess?

THIS week, Finance Minister Mthuli Ncube was struggling to convince millions of poverty-stricken Zimbabweans that the country has been posting healthy budget surpluses, and that their problems were being solved through this "strong fiscal …

Published: 24 Sep 2021 at 09:25hrs | 5 | by Esau Mandipa

Don't criticise my budget surplus, says Mthuli Ncube

FINANCE minister Mthuli Ncube yesterday said Zimbabweans should not criticise his budget surplus, and claimed that his austerity measures had saved the economy from an economic collapse induced by the COVID-19 pandemic.Ncube, who is in New…

Published: 23 Sep 2021 at 06:33hrs | 2 | by Staff reporter

Zimbabwe govt treasury surplus exceeds $6bn

Public finances have been in perfect health for a good period now, amid revelations that Treasury has maintained surpluses in excess of $6 billion on its accounts at the Reserve Bank of Zimbabwe (RBZ) over the last 12 months.The bulk of su…

Published: 28 Feb 2021 at 10:30hrs | | by Staff reporter

Zimbabwe in $14.2 million trade surplus against SA

ZIMBABWE recorded $14.2 million trade surplus against its major trading partner, South Africa, after exporting goods worth $185.4 million to the neighbouring country in February compared to $171.2 million imports.Latest data from the Zimba…

Published: 28 Mar 2017 at 06:22hrs | 1 | by Staff reporter

Zimdef records more than $12.6 million surplus

THE Zimbabwe Manpower Development Fund (Zimdef) recorded a surplus of more than $12.6 million in the year ending 31 December 2012, up from $11,7 million the same period the previous year. In audited financial statements of its operations, …

Published: 11 Jul 2013 at 21:17hrs | | by Staff Reporter

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