Articles tagged 'mthuli ncube'

Govt duped $3,5bn 6 January 2019 HARARE - Government has been prejudiced in excess of $3,5 billion by company directors who shut-down their firms in order to avoid payment of taxes only to re-establish themselves under different trading names. This was revealed by Finance minister Mthuli Ncube in the National Assembly last mo...
Forex allocation committee unveiled 6 January 2019 HARARE - Finance minister Mthuli Ncube has announced names of the foreign currency (forex) allocation committee in line with his 2019 National Budget statement. The nine-member committee will be co-chaired by senior officials from the Finance ministry and the Reserve Bank of Zimbabwe (RBZ). ...
Non-taxable income bracket needs review 3 January 2019 HARARE - Finance minister Mthuli Ncube needs to reconsider his decision to totally throw out of the window suggestions by Members of Parliament  for the non-taxable income threshold to be raised to $400. In his 2019 national budget, Ncube raised the non-taxable income threshold to $350 from $3...
Treasury refuses to relax tax thresholds 2 January 2019 HARARE - 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 national budget, Ncube proposed to raise the non-taxable income from $300 to $350. But ...
2pc tax raises $572 million in Dec 31 December 2018   HARARE - 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 through the tax, also referred to as the Intermediated Money Transfer Tax (IMTT), wi...
Tax exemption for Chinese company 31 December 2018 HARARE - Finance and Economic Development minister Mthuli Ncube said government will refund and exempt China Jiangsu International from Value added Tax (Vat) and income tax dating back to 2012. China Jiangsu international, a Chinese company, completed the upgrading of Victoria Falls Internatio...
New economic policies affect job market 28 December 2018 HARARE - Confederation of Zimbabwe Industries (CZI) has noted that companies scaled down while there was movement on the job market between January and September this year, it scaled down towards year end after government’s introduction of new economic policies. This comes after Finance and Ec...
Mthuli, Ziyambi grilled over 2 percent tax 28 December 2018 HARARE - MDC legislators last week grilled Finance minister Mthuli Ncube and Justice minister Ziyambi Ziyambi over the legality of the two percent tax which was introduced in October this year. Speaking in the National Assembly, opposition MPs argued that the minister did not follow proper leg...
Mthuli Ncube must engage more 24 December 2018 HARARE - Before and after the announcement of Mthuli Ncube as Finance and Economic Development minister the public was bombarded with a series of articles in the media lauding his educational qualifications and that he was the best man for the job.  A video of him talking about good and bad mo...
Zim moving towards dollarisation — Economists 24 December 2018 HARARE - Economists have warned government over the continued usage of bond notes as a medium of exchange saying the surrogate currency is at risk of facing rejection from the market. Government is adamant that the bond note, introduced in 2016, should continue to trade at par with the United ...
Severance packages for fired 3 700 'Green Bombers' 23 December 2018 HARARE - Government has undertaken to pay severance packages as well as offering entrepreneurial skills to over 3 700 national youth service workers fired from the civil service by Finance minister Mthuli Ncube. Ncube cut loose the youths, mostly drawn from the controversial national youth ser...
Mthuli Ncube stirs controversy 22 December 2018 HARARE – Finance and Economic Development minister Mthuli Ncube has divided opinion after appointing his permanent secretary, George Guvamatanga, to the board of the Zimbabwe Revenue Authority (Zimra). Guvamatanga, who left Barclays Bank under a cloud last year, is among six board members desi...
Boost for Mthuli Ncube's new sovereign wealth fund 19 December 2018 HARARE - 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 shortfall, with a private investor offering to bankroll the initiative. President Emmerson M...
'Zim must boost democratic dividend' 16 December 2018 HARARE - Government should enhance voluntary family planning methods and ensure adolescent girls get comprehensive sexuality education in order to harness the country's Demographic Dividend (DD), Finance minister Mthuli Ncube has said. “Zimbabwe should, over the next decade, put in place and i...
Rural teachers commence march from Mutare to Harare 11 December 2018 MUTARE - Rural teachers have so far walked more than 50km following the commencement of their 275km march from Mutare to Harare in a protest to demand salaries in United States dollars. Amalgamated Teachers Union of Zimbabwe (Artuz) President Obert Masaraure recently told the Daily News that 1...
Forex dealers resurface, cite demand 10 December 2018 HARARE - Forex dealers popularly known as ''money-changers'' are back on the streets operating underground as they still claim that there is high demand for foreign currency now because government is charging duty in foreign currency. In recent weeks, forex dealers were largely absent from pos...
Deal with currency crisis 9 December 2018 HARARE - As we count down on the year 2018, Zimbabweans are seized with a fragile surrogate local currency which is losing value every day. Prices are also going up and one fears that savings could soon be wiped out once again, as they were during the economic collapse and spectacular hyperinf...
Public debt chokes economy 9 December 2018 HARARE - Zimbabwe's economy will soon explode if government does not come up with an immediate solution to expunge its growing national debt, analysts have warned. The southern African country's public debt has ballooned to $16,9 billion — 96,79 percent of gross domestic product (GDP) — due to...
Biti blasts globe-trotting, absent Finance minister 8 December 2018 HARARE - Former Finance minister Tendai Biti has called on Parliament to rein in new Treasury chief Mthuli Ncube for not prioritising debate on the 2019 Budget instead prioritising foreign travel. Describing the action as “disrespect,” Biti, who is also the opposition MDC deputy national chair...
Teachers to embark on 275km march 6 December 2018 HARARE - Rural teachers are set to embark on a 275km march from Mutare to Harare in a protest to demand salaries in United States dollars and demanding higher bonus payment. In a letter to Finance minister Mthuli Ncube, Amalgamated Teachers Union of Zimbabwe (Artuz) secretary-general Robson Ch...
just in ... Teachers to embark on 275km march for US dollar salaries 5 December 2018 HARARE - Rural teachers are set to embark on a 250 km march from Mutare to Harare in a protest to demand salaries in United States Dollars and demanding higher bonus payment. In a letter to Finance minister Mthuli Ncube, Amalgamated Teachers Union of Zimbabwe secretary general Robson Chere sai...
MPs savage Ncube's 2019 budget 5 December 2018 HARARE - Parliamentarians from across the political divide have savaged Finance minister Mthuli Ncube's yet-to-passed 2019 National Budget proposals accusing the Treasury chief of ignoring their recommendations. In the report tabled in the National Assembly yesterday in response to the 2019 Na...
Fresh storm hits Mthuli Ncube: ED stops minister from hiring opposition kingpin 3 December 2018 HARARE - 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 Cross — as his special advisor, the Daily News can report. The development comes bare...
Govt makes U-turn on retrenchments 1 December 2018 HARARE - 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 consider other ways to pull the economy out of a recession that has rattled investor confid...
Star FM radio presenter will not be fired for 'roasting' Mthuli Ncube 1 December 2018 HARARE - 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 an interview. Speaking at the launch of the Radio Presenter Masterclass at The Venue ...