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 | | 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 spreads festive cheer in Bulawayo and Matobo

In a touching gesture of goodwill during the festive season, Finance, Economic Development, and Investment Promotion Minister, Professor Mthuli Ncube, brought joy and relief to struggling families by donating food hampers in Bulawayo and M…

Published: 23 Dec 2024 at 05:46hrs | 3446 | 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 | 582 | 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

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 | 15 | by Stephen Jakes

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 | 3 | by Staff reporter

Bulawayo City Councilors complain about Dr Mthuli Ncube's road rehabilitation project, is unconscionable to him

In my view, those councilors in Bulawayo who are opposing Dr Mthuli's road rehabilitation programme, are wrong to blame him for that.To have progress in the development of our country, all people have to work together and put aside their p…

Published: 11 Jun 2023 at 10:24hrs | 2 | by Njabulo

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

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

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 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 splurges cash on teachers, farmers

FINANCE minister Mthuli Ncube on Thursday allocated the highest vote of ZW$631.3 billion to the education ministry in an attempt to appease restive teachers ahead of next year's general elections.The troubled Health and Child Care ministry…

Published: 29 Nov 2022 at 18:00hrs | 5 | 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

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 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

Parly approves Mthuli Ncube's 2022 supplementary budget

PARLIAMENT has approved the 2022 supplementary budget presented by Finance minister Mthuli Ncube two months ago.In July, Ncube announced a $929 billion supplementary budget, with 53% ($492,8 billion) to be taken up by employment costs.Ncub…

Published: 03 Sep 2022 at 19:14hrs | | by Staff reporter

Mthuli Ncube taken to task

FINANCE minister Mthuli Ncube was on Wednesday taken to task by Harare East legislator Tendai Biti (Citizens Coalition For Change) over Chinese-Zimbabwean business deals which could see the country losing minerals.Zimbabwe has been involve…

Published: 29 Aug 2022 at 06:30hrs | 1 | 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 | 3 | by Staff reporter

No joy in Mthuli Ncube's budget

CALLS by Zimbabwe's restive civil service for United States dollar salaries went unheeded by Finance minister Mthuli Ncube yesterday.Ncube doubled the national budget to $1,9 trillion as a result of rising inflation and a weakening local c…

Published: 29 Jul 2022 at 06:54hrs | 8 | by Staff reporter

Under Mthuli Ncube, Zimbabwe going nowhere fast

FINANCE minister Mthuli Ncube is either a liar or suffering from selective amnesia.Either way he should not be involved in anything to do with the financial affairs of Zimbabwe.He has brought us to the ground with his absurd political econ…

Published: 17 Jun 2022 at 08:30hrs | 2 | by A Mbire

Bank workers appeal to Mthulisi Ncube for tax relief

THE Zimbabwe Banks and Allied Workers Union (Zibawu) has urged Finance minister Mthuli Ncube to raise the income tax free threshold in both foreign and local currencies in line with inflation and currency depreciation trends.Government's t…

Published: 05 Jun 2022 at 09:17hrs | 1 | by Staff reporter

Mthulisi Ncube reminded of PWDs

FINANCE minister Mthuli Ncube has been reminded to timely release funding for social services for people living with disabilities (PWDs).The reminder came during the 2022 national budget feedback public hearings by the Parliamentary Portfo…

Published: 31 May 2022 at 06:29hrs | 2 | by Staff reporter

High Court scraps Mthuli Ncube's 2020 taxes on fuel

The High Court has refused to endorse a new carbon tax on fuel and the redemption levy of the National Oil Company of Zimbabwe imposed two years ago on the grounds that these could not be levied by executive action through a statutory inst…

Published: 04 May 2022 at 06:59hrs | 3 | by Staff reporter

'Zimbabwe yet to discover real exchange rate'

Faced by persistent macro â€“ economic instability from parallel market exchange rate volatility, Zimbabwe introduced the foreign currency auction system in June 2020.Authorities were convinced the auction system would facilitate and exped…

Published: 13 Mar 2022 at 08:00hrs | 3 | by Staff reporter

Supermarkets doomed after $120bn snub

SEVERAL measures being deployed by government to rebuild the economy may be doomed unless they are twinned with policies that boost spending power, the Confederation of Zimbabwe Retailers (CZR) said, warning of a dire crisis ahead.Finance …

Published: 19 Aug 2021 at 06:33hrs | 2 | by Staff reporter

High taxation threatens mining viability

Munya Shumba's letter entitled 'Robbing the poor to pay the rich' refers. Outrightly, its mind boggling how the government tax loot from the poor would end up in the purse of a mining company? Secondly, the title appears to suggest that th…

Published: 22 Jul 2019 at 08:54hrs | | by Dennis Shoko

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 24, 2019, I feel inspired, honoured and …

Published: 15 Jul 2019 at 07:45hrs | 1 | by Tendai A. Chinamasa

US$ as deity in Zimbabwe

THE Zimbabwean government recently did the unfathomable, at least according to social media pundits, some civil society organisations, unions and influential urbanites. It arbitrarily and abruptly re-introduced a local currency for all dom…

Published: 28 Jun 2019 at 06:22hrs | 1 | by Takura Zhangazha

Mnangagwa, Mthuli Ncube must 'unscramble the egg and go back to the basics'

I THOUGHT we had seen everything that this country of ours could throw at us, but the situation right now looks like nothing we have seen before.Prices have quadrupled and continue to rise inexorably. Incomes remain fixed or at least only …

Published: 21 Jun 2019 at 07:26hrs | 2 | by Eddie Cross

Ncubenomics

In February, Reserve Bank Governor, John Mangudya announced the introduction of the RTGS dollar - the currency that confirmed what we knew all along: one is not to one. The RTGS dollar was initially set at a rate of USD 1 to RTGS$ 2.5 on t…

Published: 09 Apr 2019 at 15:19hrs | 2 | by Kubatana

Please Mthuli, tax these bastards!

"The Lord gave and the Lord has taken away; may the name of the Lord be praised."Hallelujah!A story is often told of how Charles Mungoshi was once invited for a book reading of his Shona novel "Makunun'unu Maodzamoyo" at Rakodzi High Schoo…

Published: 24 Feb 2019 at 06:36hrs | 3 | by Bishop Lazarus

Ncube, Mangudya policy tussle on monetary policy statement

POLICY efficacy doubts - both fiscal and monetary - in supporting a liberalised foreign currency market, effectively discarding the 1:1 US dollar-bond note/RTGS dollar peg, have arguably been the main reason behind the undue delay in annou…

Published: 15 Feb 2019 at 08:27hrs | 2 | by Brett Chulu

Zimbabwe's Monetary Death Spiral

PRESIDENT Mnangagwa's pledge that Zimbabwe is "open for business" rings hollow. Indeed, many businesses in Zimbabwe are shuttered. An increase in government controlled fuel prices over the weekend has ignited simmering fury over what is in…

Published: 18 Jan 2019 at 12:59hrs | 1 | by Prof Steve H. Hanke

Quick austerity measures to avert imminent economic collapse

Austerity is described as sternness, severity of manner or attitude. In other manner it is described difficult economic conditions created by the Government measures to reduce public expenditure. The question lies then is, those measures w…

Published: 11 Jan 2019 at 20:27hrs | 5 | by Tinashe Eric Muzamhindo

Trust in Mthuli

As a young economics student, I never thought in my right mind that I would every write a piece defending my government.  Zimbabwe does not exactly have a proud record in the field of economics. From the days of independence until thi…

Published: 31 Dec 2018 at 15:43hrs | 2 | by Anthony Mkondo

Mthuli Ncube's Rand option dilemma as currency crisis worsens

FINANCE minister Mthuli Ncube, who has publicly said joining South Africa's Multilateral Monetary Area could be a solution to Zimbabwe's currency crisis, is agonising over currency reforms, as it dawns on him that his preferred choice is a…

Published: 13 Dec 2018 at 20:01hrs | 1 | by Staff reporter

Please consider the plight of pensioners

Dear, There is urgent need for the government to seriously consider the plight of pensioners most of whom are now very old, frail and ill. These pensioners are getting peanuts if not nothing from their pension schemes. Your Excellence E.D …

Published: 13 Nov 2018 at 13:33hrs | | by Munya Shumba

My question to Finance Minister - I smell a rat!

My question to you Prof Ncube is: if the RBZ of Zimbabwe is not the source of our problems, as you confidently defends, can you explain how these brand new bond notes end up in the hands of those who move around changing money? 2. The quan…

Published: 22 Oct 2018 at 07:10hrs | 2 | by Isaac Nkomah

Open Letter - My 2c advice to H.E E.D and Hon. M. Ncube

Dear comrades Well i trust you will find time to read and consider my sincere advice to you.I'm not an economist or a financial guru but i think my 2c advise will wipe out the prevailing black market aka siphatheleni. First there is need t…

Published: 14 Oct 2018 at 20:06hrs | 2 | by Isaac Nkomah

Mnangagwa has unveiled beacons of hope

The Second Republic under President Emmerson Mnangagwa has unveiled beacons of hope which, if not sabotaged by indolent or mischievous workers put in office by God to help rule this country, will go a long way in healing ills that bedevil …

Published: 22 Sep 2018 at 09:26hrs | 5 | by Stephen Mpofu

Mthuli Ncube sweats over funding

NEWLY-MINTED Finance minister Mthuli Ncube this week set sail for the United States, together with President Emmerson Mnangagwa, for the United Nations General Assembly in New York where he will engage potential funders and investors on th…

Published: 21 Sep 2018 at 14:46hrs | 3 | by Staff reporter

Know your Minister of Finance Prof Mthuli Ncube

Professor Mthuli Ncube is currently Managing Director and Head of Quantum Global Research Lab (Switzerland), part of Quantum Global Group, the largest Private Equity group dedicated to investing in Africa. Quantum Global Research Lab condu…

Published: 07 Sep 2018 at 19:14hrs | 7 | by Staff Reporter

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