BUSINESS NEWS

Mthuli Ncube tightens forex controls

ZIMBABAWE has tightened controls on access to foreign currency for companies as authorities battle to stem a thriving parallel market for the scarce currency.Corporates in the southern African economy...

By Staff reporter | Published: 4 hours ago

BUSINESS NEWS

Mthuli Ncube slams debt takeover practice

Government may not take over the debts of State-owned entities such as Air Zimbabwe and Zisco, touted as critical to make them more attractive to investors, after Finance and Economic Development Mini...

By Staff reporter | Published: 5 hours ago

BUSINESS NEWS

Mthuli Ncube told to 'Set up Monetary Policy Committee'

ECONOMIST and businessman, Mr Eddie Cross, has hailed Government for abolishing the multi-currency system in favour of the local currency. Government on Monday scrapped the multi-currency regime and r...

By Staff reporter | Published: 26 June 2019

BUSINESS NEWS

AfDB boost for Mthuli Ncube

FINANCE and Economic Development Minister Professor Mthuli Ncube has said the African Development Bank (AfDB) board has endorsed Zimbabwe's reform agenda under the Transitional Stabilisation Programme...

By Staff reporter | Published: 12 June 2019

ZIMBABWE

Economists dismiss Ncube's US$443 million budget surplus

Economists, John Robertson, Persistence Gwanyanya and Prosper Chitambara have dismissed Finance Minister, Mthuli Ncube's budget surplus of US$443 million recorded in the first quarter of 2019 for fail...

By Staff reporter | Published: 11 June 2019

POLITICS

Mthuli Ncube fires back at Tendai Biti

Finance Minister Mthuli Ncube on Sunday accused MDC vice president Tendai Biti of "lacking sophistication" following searing criticism of the treasury chief in London.Ncube lost his rag after Biti, a ...

By Staff reporter | Published: 09 June 2019

OPINION

You are on the right path Mthuli but....

I can't help but feel sorry for Finance and Economic Development Minister Professor Mthuli Ncube.By now the economy should have been showing signs of stabilising.Experts say for the first time since i...

By Munyaradzi Hwengwere | Published: 05 May 2019

BUSINESS NEWS

Mthuli Ncube says 'TSP reforms led to growth'

Implementation of reforms under the Transitional Stabilisation Programme (TSP) has averted the economy from being weakened by adverse exogenous factors, Finance and Economic Development Minister Profe...

By Staff reporter | Published: 03 May 2019

BUSINESS NEWS

Mthuli Ncube resolves govt budget deficit challenges

Consolidated statements of financial performance gazetted on Friday have revealed a strong positive variance between expenditure and expenses, indicating that Government may have found a lasting solut...

By Staff reporter | Published: 29 April 2019

BUSINESS NEWS

Tighten your belts till 2020, says Mthuli Ncube

Finance minister Mthuli Ncube has said austerity measures adopted by government to cap expenditure and free up funds for capital projects are expected to ease the burden on the taxpayer next year.Zimb...

By businesstimes | Published: 26 April 2019

BUSINESS NEWS

Austerity measures to go next year, says Mthuli Ncube

AUSTERITY measures introduced by government this year will be over by next year when the country starts experiencing economic growth, Finance and Economic Development minister Mthuli Ncube has said.In...

By Staff reporter | Published: 25 April 2019

BUSINESS NEWS

Mthuli Ncube laments indisciplined speculation

FINANCE and Economic Development Minister, Professor Mthuli Ncube, says the wave of price increases being experienced on the market and the wild parallel market exchange rates have no economic justifi...

By Staff reporter | Published: 25 April 2019

BUSINESS NEWS

Local currency recipe for disaster

FINANCE minister Mthuli Ncube's recent pronouncements that Zimbabwe will revert to using its own currency, a decade after it abandoned the local dollar in favour of a basket of currencies is not feasi...

By Staff reporter | Published: 19 January 2019

BUSINESS NEWS

Mthuli Ncube refuses to relax tax thresholds

Finance minister Mthuli Ncube has refused to relax non-taxable income thresholds to $400 saying Treasury needs every penny it can raise to respond to the tough budgetary environment.In his 2019 nation...

By Staff reporter | Published: 02 January 2019

POLITICS

Mthuli Ncube's 2% tax raises $572 million in December

Government says it has surpassed its monthly target for December and raised $572,4 million through the controversial two percent tax.According to Finance minister Mthuli Ncube, revenue generated throu...

By Staff reporter | Published: 31 December 2018

POLITICS

Mthuli Ncube must resign, demand teachers

THE Amalgamated Rural Teachers' Union of Zimbabwe (ARTUZ) is calling on Zimbabweans, the employed and unemployed alike, to besiege Finance minister Mthuli Ncube's office on January 7, 2019 to demand h...

By Staff reporter | Published: 31 December 2018

BUSINESS NEWS

Mthuli Ncube's 2% transaction tax starts bearing fruit

The two percent transaction tax initiated in October 2018 has started bearing positive results towards addressing the budget deficit.The budget deficit has been described by Finance and Economic Devel...

By Staff reporter | Published: 31 December 2018

POLITICS

Mthuli Nube's hefty traffic fines start

Errant and negligent motorists who flagrantly disregard road rules will have to contend with hefty traffic penalties when the new standard scale of fines, which prescribe a maximum penalty of $700 and...

By Staff reporter | Published: 30 December 2018

OPINION

'Mthuli Ncube's budget is a waste of time'

IT is a great pleasure to debate the 2019 national budget.  This budget, Honourable Speaker Sir, could not have come at a time of greater fragility and greater vulnerability of our country.The ec...

By Tendai Biti | Published: 23 December 2018

BUSINESS NEWS

Mthuli Ncube to set up sovereign wealth fund

Finance and Economic Development minister Mthuli Ncube has proposed setting up a sovereign wealth fund (SWF) to help boost economic growth, but the plan is being hampered by a critical funding shortfa...

By Staff reporter | Published: 20 December 2018

POLITICS

Mthuli Ncube accuse Chamisa's MPs of being dishonest

FINANCE Minister Mthuli Ncube yesterday accused opposition MPs of being dishonest by insisting that people are not happy with the 2% levy on electronic transactions, claiming the new tax has widely be...

By Staff reporter | Published: 20 December 2018

BUSINESS NEWS

Mthuli Ncube defends forex duty in an intelligent manner

Finance and Economic Development Minister Professor Mthuli Ncube yesterday defended the payment of import duty in foreign currency in his 2019 National Budget Statement saying the measure was premised...

By Staff reporter | Published: 20 December 2018

POLITICS

Biti tears into Mthuli Ncube's budget

Harare East MP Tendai Biti (MDC Alliance) yesterday tore into the 2019 National Budget presented by Finance minister Mthuli Ncube, saying it violated the Constitution for charging duty on vehicles in ...

By Staff reporter | Published: 19 December 2018

POLITICS

Mthuli Ncube fires Green Bombers

GOVERNMENT has followed up on its word and cut loose over 3 000 members of the national youth service programme, commonly known as "Green Bombers" who were smuggled into the civil service under former...

By Staff reporter | Published: 17 December 2018

OPINION

Is Zimbabwe ebuilding or establishing a new economy?

THE struggle to figure a way forward continues. The fire-fighting approach is the order of the day. Despite the various economic policy directions by the government, there is lack of clarity on where ...

By Tapiwa Gomo | Published: 10 December 2018
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