BUSINESS NEWS

Mthuli Ncube under pressure to ease tax burden

Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube is facing mounting pressure from business leaders and economists to overhaul Zimbabwe's tax regime, with demands ...

By Staff reporter | Published: 19 June 2025

BUSINESS NEWS

Mthuli Ncube hikes fuel levy

The Government of Zimbabwe has increased the Strategic Fuel Reserve Levy on petrol and diesel as part of a broader effort to safeguard national fuel supplies and price stability amid rising global mar...

By Staff reporter | Published: 14 May 2025

POLITICS

Mthuli Ncube to pitch Zimbabwe's energy sector in Paris

Zimbabwe's Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, is set to deliver a keynote address at the Invest in African Energy (IAE) 2025 Forum in Paris next w...

By Staff reporter | Published: 07 May 2025

POLITICS

Mthuli Ncube taken to court

A court application filed by registered public accountant Last Matema, challenging the constitution of the Public Accountants and Auditors Board (PAAB), has been dismissed by the High Court, with the ...

By Staff reporter | Published: 28 April 2025

BUSINESS NEWS

Mthuli Ncube unveils industrial development facilities

Zimbabwe's Finance Minister, Mthuli Ncube, has outlined a comprehensive strategy aimed at supporting the growth of micro, small, and medium-sized enterprises (MSMEs) in the country. The initiative, wh...

By Staff reporter | Published: 24 April 2025

BUSINESS NEWS

Zimbabwe lifts exchange rate controls

Zimbabwean businesses have been granted greater flexibility in pricing their goods and services, following the Government's decision to scrap exchange rate controls amid increased currency stability a...

By Staff reporter | Published: 17 April 2025

ZSE TODAY

Old Mutual falls 19.91% after Mthuli removes fungibility

Old Mutual Limited fell 19.91% on Monday as the stock market reacted to Government's latest measures to stabilise the exchange rate.  Yesterday, the Ministry of Finance and Economic Development s...

By Staff reporter | Published: 16 March 2020

BUSINESS NEWS

All deposit classes now indexed to treasury bill yields, say Mthuli Ncube

Government has gazetted a statutory instrument which directs that all classes of deposits in the banking system, should be indexed to treasury bill yields as part of efforts to promote fair compensati...

By Staff reporter | Published: 13 March 2020

OPINION

Mthuli Ncube cut his nose to spite his face

ZIMBABWE businesses, grappling with the realities of hyperinflation and exchange rate induced losses, have pressed the panic button over worsening macro-economic conditions in the country, with severa...

By Phillimon Mhlanga | Published: 18 October 2019

BUSINESS NEWS

Mthuli Ncube to pull a few tricks to stabilise the exchange rate

The government will pull a few tricks up its sleeves soon to stabilise the exchange rate as part of a broader task of creating a viable environment for business, Business Times reported.A team of Pres...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

Mthuli Ncube taken to court over inflation figures

FINANCE minister Mthuli Ncube has been dragged to the High Court by National Social Security Authority (Nssa) employees who, in conjunction with members of the Zimbabwe Pension and Insurance Rights Tr...

By Staff reporter | Published: 11 October 2019

BUSINESS NEWS

Mthuli Ncube tables ambitious revenue collection figures

TREASURY has tabled an ambitious $14 billion revenue collection target by year 2019, despite only collecting a paltry 35% of that figure in the first half of the year.Revenue collections for the first...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Mthuli Ncube speaks on approximate exchange rate

THE appropriate exchange rate between the Zimbabwe dollar and the United States dollar should hover around US$1: ZWL$5,6 based on "founded quantitative estimates", Finance and Economic Development Min...

By Staff reporter | Published: 24 September 2019

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

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

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
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