BUSINESS NEWS

Mthuli Ncube promises to reduce tax burden

FINANCE Minister Mthuli Ncube has promised relief on some taxes ahead of his interim budget on July 31, 2019, as a mid-term fiscal review statement measure to cushion people against the continuous ero...

By Staff reporter | Published: 12 July 2019

OPINION

Mthuli Ncube, spare us those hikes

While ordinary Zimbabweans are bearing the brunt of the high cost of living following the recent fuel price hikes, the situation could get tougher if indications by Finance minister Mthuli Ncube are a...

By Editorial - Newsday | Published: 12 July 2019

BUSINESS NEWS

Masiyiwa 'former' lawyer's multi-currency regime challenge ruled not urgent

High Court judge Justice Joseph Musakwa has ruled as not urgent an application by businessman and lawyer, Tawanda Nyambirai who was seeking an order to interdict Finance minister Mthuli Ncube and Rese...

By Staff reporter | Published: 11 July 2019

BUSINESS NEWS

Mthuli Ncube could hike rates over 50% to deal with speculators

Zimbabwe won't hesitate to raise interest rates above their current level of 50 percent to deal with speculative borrowers, Finance Minister Mthuli Ncube said on Monday.As inflation soared, the govern...

By Reuters | Published: 10 July 2019

BUSINESS NEWS

Why Mthuli Ncube fast-tracked Zimdollar return plans

Zimbabwe re-introduced its local currency earlier than scheduled because the market was rapidly re-dollarizing, putting more pressure on the government, finance minister Mthuli Ncube said Monday.Ncube...

By Xinhua | Published: 09 July 2019

BUSINESS NEWS

Mthuli Ncube taunts 'misguided' lawyers challenging SI 142

FINANCE minister Mthuli Ncube has described litigations against the reintroduction of the Zimbabwean dollar and ban on the use of foreign currencies as "misguided".Currently, there are three cases at ...

By Staff reporter | Published: 09 July 2019

TELECOMS & TECHNOLOGY

Nkosinathi Ncube quits NetOne

NetOne Managing Director for Mobile Financial Services (MFS) Nkosinathi Ncube tendered his resignation on Tuesday this week.Few details on his departure from the company have however emerged. NetOne C...

By Staff reporter | Published: 05 July 2019

BUSINESS NEWS

Prices of goods in Zimbabwe will come down

PRESIDENT Emmerson Mnangagwa's under-pressure government says it is confident that the sky-high prices of basic goods that have made the lives of ordinary citizens miserable over the past few months w...

By Staff reporter | Published: 02 July 2019

BUSINESS NEWS

Measures in place to preserve Zimbabwe dollar value

Finance and Economic Development Minister Professor Mthuli Ncube says authorities have instituted measures that will ensure that the local currency will not suffer previous depredations, following the...

By Staff reporter | Published: 02 July 2019

BUSINESS NEWS

Mthuli Ncube's sweeping move brings stability

FINANCE Minister Mthuli Ncube's sweeping decision to discard the multi-currency system that had obtained in Zimbabwe for the past 10 years has brought with it some modicum of stability into the econom...

By Staff reporter | Published: 01 July 2019

BUSINESS NEWS

Mthuli Ncube's quotes on currency reforms . . .

"Replacing the multi-currency regime anchored in the United States dollar by the South African rand as the sole transaction currency would help reduce over-valuation and stimulate exports and growth. ...

By Lisa Tazviinga | Published: 01 July 2019

BUSINESS NEWS

Chasi blames Ncube, Mangudya over Eskom gaffe

ENERGY minister Fortune Chasi has publicly apologised for the embarrassment he caused after the government misinformed the public that the State had paid a US$10 million to settle a debt with a South ...

By Staff reporter | Published: 01 July 2019

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: 27 June 2019

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: 27 June 2019

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

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
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