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

BUSINESS NEWS

Mthuli Ncube tells banks to relax lending policies

FINANCE Minister Mthuli Ncube has urged banks to relax their stringent lending requirements in order to improve access to financial services.Ncube was speaking at the Zimbabwe Independent's Banks and ...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

Zimbabwe assets biggest and best buy in Africa - Prof Ncube

Zimbabwean assets are the biggest and best buy in Africa for investors at the moment while property rights are very secure, Finance and Economic Development Minister Professor Mthuli Ncube has said. I...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

Mthuli Ncube in timely US intervention

Finance and Economic Development Minister Professor Mthuli Ncube yesterday made a timely intervention as he submitted a detailed paper on Zimbabwe's economic and political reforms to a United States o...

By Tichaona Zindoga | Published: 07 December 2018

POLITICS

MPs rip into Mthuli Ncube's budget

THE Budget and Finance Portfolio Committee chaired by Zanu-PF legislator Felix Mhona (Chikomba Central) yesterday ripped into Finance minister Mthuli Ncube's 2019 National Budget statement and questio...

By Staff reporter | Published: 05 December 2018

BUSINESS NEWS

Mthuli Ncube's blow hits car sales

CAR dealers in Bulawayo have lamented the decline in sales since Government announced that people importing vehicles will now pay duty in foreign currency. In his 2019 National Budget statement in Par...

By Staff reporter | Published: 04 December 2018

POLITICS

Mthuli Ncube blocked from appointing Eddie Cross

In yet another controversy that has engulfed problems-prone Finance minister Mthuli Ncube, President Emmerson Mnangagwa has blocked him from appointing economist and former opposition kingpin - Eddie ...

By Staff reporter | Published: 03 December 2018

BUSINESS NEWS

Thumbs up for Mthuli Ncube

THE cost-cutting measures announced by Finance and Economic Development Minister Professor Mthuli Ncube are expected to restore confidence in the economy while also trimming budget deficit, analysts h...

By The Herald | Published: 03 December 2018

POLITICS

Star FM radio presenter 'roast' Mthuli Ncube

Permanent Secretary for Information, Publicity and Broadcasting Services Nick Mangwana said Star FM radio presenter Linda Mhuriro will not be fired for "roasting" Finance minister Mthuli Ncube during ...

By Staff reporter | Published: 01 December 2018

BUSINESS NEWS

Mthuli Ncube makes U-turn on retrenchments

Finance minister Mthuli Ncube has now said there would be no mass layoffs of public sector workers because government has no money to bankroll retrenchment packages.He said government will now conside...

By Staff reporter | Published: 01 December 2018

BUSINESS NEWS

Mthuli Ncube boost for insurance sector

FINANCE Minister Mthuli Ncube says government has reviewed upwards the minimum prescribed asset thresholds for the insurance and pension industry which were introduced in 2010 in order to improve reso...

By Zim Ind | Published: 30 November 2018

LANDS & AGRICULTURE

New funding model for Zimbabwe agriculture

Zimbabwe is prepared to provide guarantees to banks that will be financing agriculture to help plug the funding gap to the sector, according to Finance and Economic Development Minister Mthuli Ncube. ...

By Business Weekly | Published: 30 November 2018

BUSINESS NEWS

Mthuli Ncube exemptions on 2% tax

TREASURY has proposed further exemptions to the Intermediated Money Transfer Tax of two cents per dollar transacted following widespread stakeholder concerns and the need to ease cost of doing busines...

By Staff reporter | Published: 28 November 2018
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