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Addressing a cross section of stakeholders at the 3rd Rural District Councils chairpersons’ conference here, Prof Ncube said budget overruns were a cancer that had affected Government for the past decade. He said the Second Republic had managed to deal with the cancerous culture through the Transitional Stabilisation Programme (TSP) promulgated last year. “Our first […]Continue Reading
Business
Zimbabwe’s Finance Minister Mthuli Ncube seems to be doing everything by the book as he pursues orthodox economic policy often prescribed by the global “Bretton Woods” lending institutions to try and turn around a sickly economy The government is running a budget surplus for the first time in years and has stopped runaway money-printing, which […]Continue Reading
Business
The new data tariffs, which came into effect at midnight last night, come as the value of the local currency has significantly weakened, by more than 600 percent since the last tariff increase in April this year. At the time of the last increase, Postal and Telecommunication Regulatory Authority of Zimbabwe (Potraz) director general Dr […]Continue Reading
Business
While Zimbabwe registered remarkable economic growth during the multi-currency era, the period dismally failed to generate significant formal jobs, research findings released by the Reserve Bank of Zimbabwe (RBZ) reveal. This assertion was supported by Finance and Economic Development Minister Mthuli Ncube who said recently the multi-currency stifled growth in Continue Reading
Business
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 erosion of disposable incomes, it has emerged. This comes as the 2% tax he introduced when he took office in September last year […]Continue Reading