AS Zanu-PF’s long-serving chief whip, Joram Gumbo came across as a tidy, backroom operator, quietly but efficiently pulling the strings for his party in Parliament. But his scrapbook in government since his appointment as minister three years ago has...
THE Confederation of Zimbabwe Industries (CZI), the country’s main business representative body, has come out in support of government’s 2% tax on electronic payments after initially opposing the unpopular revenue measure.
The tax, announced by Finance Minister Mthuli Ncube on...
THE central bank this week allocated US$6.7 million to the local pharmaceutical industry for crucial imports, but the amount falls far short of requirements.
Many pharmacies closed shop following the market turmoil triggered last week by pronouncements on currency and...
Zimbabwe’s plan to clear $2 billion in foreign arrears is back on track after receiving World Bank and IMF backing, Finance Minister Mthuli Ncube has said.
In a statement on Wednesday, Ncube also said the international financial institutions, meeting in...
THE exchange rate upheaval, which has triggered steep price increases since last week’s fiscal and monetary policy pronouncements are market dynamics which government cannot go against, Finance Minister Mthuli Ncube said on Monday.
Ncube and central bank governor John Mangudya’s...
There will be no quick fixes or magic bullets to the economic crisis, President Emmerson Mnangagwa has said in a statement that sought to calm widespread panic over sudden shortages and price hikes.
In a Facebook post on Monday afternoon,...
By Perry Munzwembiri (@PMunzwembiri)
AT its very core, Zimbabwe is battling neither a monetary nor a fiscal problem.
That this seemingly self-evident truth needs explanation is perhaps a sure sign of the deep hole the country finds itself in. Yet...
Finance Minister Mthuli Ncube has adjusted his electronic transactions tax to exempt transfers below $10 and some business transactions.
On Monday, Ncube introduced a tax of 2 cents per dollar on electronic payments, which now make up as much as...
Zimbabwe’s statistics agency has rebased some of its economic statistics, in an unexpected move that the finance minister said on Friday had increased the nominal size of the struggling economy by more than 40 percent.
Mthuli Ncube said the data...
Finance Minister Mthuli Ncube has announced a plan to cut Government spending and to raise revenue, as part of a new policy, the Transitional Stabilisation Programme (TSP), which will run until 2020.
In the policy, a 388-page document, Ncube proposes...
