Articles tagged 'mthuli ncube'

National Budget tomorrow 21 November 2018 HARARE - The minister of Finance and Economic Development will present the 2019 Annual Budget Statement to the National Assembly tomorrow.  In addition to the Budget Statement he will table the Estimates of Revenue and Expenditure for 2019 — usually called the “Blue Book” from the distinctive ...
Scrap forced parity of US dollar-bond notes: ZNCC 19 November 2018 HARARE - The Zimbabwe national Chamber of Commerce (ZNCC) has asked Finance minister Mthuli Ncube to stop in the National Budget the use of bond notes and RTGS electronic balances, officially at par with the US dollar. In the parallel market, bond notes are trading at a discount vis-à-vis the ...
AfDB economic report showcases Zim investment opportunities 19 November 2018 HARARE - The African Development Bank (AfDB) has launched a flagship economic report highlighting investment opportunities in Zimbabwe. Titled: Building a new Zimbabwe: Targeted policies for growth and job creation, the report aims to support renewal and transformation of the country. This ...
'No dodgy take-over of State firms' 17 November 2018 HARARE - Finance minister Mthuli Ncube has said there will be no room for corrupt politicians and dodgy businessmen in the privatisation of struggling State-owned companies, part of wide-ranging reforms set in motion by President Emmerson Mnangagwa since he came to power. A former banker, Ncub...
Zim gets $3,6m cyber security grant 13 November 2018 HARARE - Zimbabwe yesterday received a $3,6m grant for cyber security equipment to curb the increase in cyber crimes. The grant was inked by Finance minister Mthuli Ncube and Japan ambassador to Zimbabwe Toshiyuki Iwado at a signing ceremony at the ministry offices. Iwado said the main aim ...
Ncube needs consistency 13 November 2018 HARARE - Finance minister Mthuli Ncube will present his maiden National Budget next week Thursday against a background of huge economic challenges and public expectation that he is the man to help Zimbabwe out of its current rut. So far, Ncube has had an unflattering start to his tenure as evi...
Ncube under fire 12 November 2018 HARARE - Finance minister Mthuli Ncube has come under heavy fire after signalling his intention to acquire vehicles for the country's lawmakers as well as paying the thirteenth cheque for government's 550 000 strong civil service, the Daily News can report. While speaking on the state of the e...
Economic pain not being shared 12 November 2018 HARARE - Finance minister Mthuli Ncube's recent confirmation that government will soon buy vehicles for parliamentarians exposes government's insincerity in tackling its ballooning budget deficit. It also flies in the face of Ncube's claim to parliamentarians this week that Zimbabwe is putting...
Mthuli Ncube under fire 12 November 2018 HARARE - Finance minister Mthuli Ncube has come under heavy fire after signalling his intention to acquire vehicles for the country's lawmakers as well as paying the thirteenth cheque for government's 550 000 strong civil service. [Adz] [GoogleAd]
Mthuli assures MPs vehicles 10 November 2018 HARARE - Finance minister Mthuli Ncube has promised to buy vehicles for parliamentarians, although there are still deliberations over the modalities. “I am on the side of making sure that you get your vehicles, but we have been debating as to whether we give you a 100 percent loan, partial loa...
Police okay teachers' march 9 November 2018 HARARE - Teachers protesting against deteriorating conditions of service have been given the green light by police to picket at Public Service Medical Aid Society (Psmas) and government offices in Harare. In a letter dated November 1 to Progressive Teachers' Union of Zimbabwe (PTUZ) who are or...
Intransigence won't help govt 8 November 2018 HARARE - Government has, for the past few decades, had to battle a restive employee body that continued to pester its employer over working conditions. Admittedly, people’s salaries and wages have been undergoing gradual erosion in terms of value since 2012, despite multi-currencies having bee...
ED to review Ncube's 2 percent tax again 5 November 2018 HARARE - President Emmerson Mnangagwa says he will soon revise again under-fire Finance minister Mthuli Ncube's controversial two cents per dollar transaction tax — which caused widespread panic in the country when it was introduced last month. This comes after the Daily News accurately report...
Ncube probes cooking oil shortages 4 November 2018 HARARE - Finance minister Mthuli Ncube has commenced touring manufacturing firms, starting with a visit to Surface Wilmer, the largest cooking oil manufacturer in Zimbabwe. Surface Wilmar (Pvt) Ltd, situated in Chitungwiza and its consumer products include Puredrop cooking oil, Excella rice an...
'High domestic debt stifles economic growth' 3 November 2018 HARARE - The financing of a budget deficit predominantly through domestic debt, such as has been the case in Zimbabwe, leads to low economic growth rates, as well as subdued investment and entrepreneurial activities, Oswald Mungule, a policy analyst, has said. Treasury says the country’s domes...
'2pc tax to stabilise macro-economy' 2 November 2018 HARARE - Finance minister Mthuli Ncube said on Wednesday the new tax on electronic payments was a painful but necessary measure and urged Zimbabweans to be prepared to go through temporarily turbulent times after which the economy will stabilise. The imposition of the levy which will apply on ...
'Ncube will keep tripping over himself' 31 October 2018 HARARE - As long as Finance minister Mthuli Ncube doesn't play the politics of his appointing authority as well as of the ruling Zanu PF party he will keep on tripping over himself, analysts contend. These sentiments come after Ncube recently appointed Acie Lumumba as chairperson of the mini...
Govt splurges $11m on war vets' children 30 October 2018 HARARE - Zimbabwe's cash- strapped government is splashing close to $11 million on school fees for war veterans' children. This comes as government is failing to adequately fund the Basic Education Assistance Module (Beam) initiative, meant to assist orphaned and vulnerable children, those liv...
Govt violates imports rules 29 October 2018 HARARE - Government has started allowing imports of certain basic commodities that were previously covered under the Open General Import Licence (OGIL), even though it is still to gazette the amendments to Statutory Instrument (SI) 122 of 2017. Following Tuesday's Cabinet meeting, Information ...
Private sector to drive Command Agriculture 29 October 2018 HARARE - Finance and Economic Development minister Mthuli Ncube says government's participation in the special agriculture production programme Command Agriculture will be reduced as initiatives are being put in place to increase private sector support in agricultural finance. In the Transitio...
Blame game doesn't work 29 October 2018 HARARE - Finance minister Mthuli Ncube should be ashamed of himself for the unprecedented events that culminated in the suspension of senior Reserve Bank of Zimbabwe (RBZ) officials. This was an uncalled for action done to cover up for the ministers' careless and inconsistent pronouncements, w...
Tough times for Byo residents 28 October 2018 BULAWAYO - Ever since the country was plunged into chaos following the announcement of austerity measures by Finance minister Mthuli Ncube, most residents of the second city are toiling on a daily basis to eke out a living. The city has witnessed a spate of unprecedented price increases for mo...
Greediness killing our economy 26 October 2018 HARARE - Recent developments in the Zimbabwe economy have just confirmed what most people have suspected all along; greediness is at the centre of our problems. Ever since new Finance minister Mthuli Ncube announced his new monetary policy earlier this month, the economy has been on a free fal...
Massive job losses loom 25 October 2018 HARARE - The lifting of a protectionist policy introduced by former president Robert Mugabe's regime last year to promote local production could see companies closing shop, resulting in massive job losses, industrialists warned yesterday. On Tuesday, Cabinet revoked Statutory Instrument (SI) 1...
Govt lifts ban on imports of groceries 24 October 2018 HARARE - In a welcome development, the government has with immediate effect removed the ban on the importation of groceries and other basic goods — in a bid to address the continuing shortages of commodities and spiralling price hikes in the country. The lifting of the ban comes at a time many...