Cabinet okays Mthuli’s austerity and reform plan
FINANCE Minister Mthuli Ncube will this week announce details of a transitional plan to stabilise the economy by targeting government expenditure, the civil service, state enterprises and tax reform.
The...
The maths behind Ncube’s 2% electronic transaction tax
AFTER his surprise appointment last month, Finance Minister Mthuli Ncube arrived at a Treasury which had just put out a grim first half report showing a $1.34 billion budget...
The Great Bank Robbery: How the Zimbabwe Govt stole from its people
There is a scene in the 1978 classic movie, The Great Train Robbery, which portrays the destructive arrogance of Zimbabwe’s monetary policy over the past two decades.
After masterminding a...
RBZ’s new FCA ‘ring-fence’, explained
ON Monday, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya finally put a stop to official pretence that the burgeoning electronic balances in the banks - and the loathed...
IN FULL: Mthuli Ncube’s statement on new fiscal measures
Below is a statement to media by Finance Minister Mthuli Ncube, on fiscal measures taken in an attempt to stabilise the economy. Later this week, Ncube is to release...
Foreign Currency Accounts are back, but your bank balance isn’t USD anymore
Reserve Bank of Zimbabwe has told banks to separate foreign currency accounts (FCAs) from local RTGS balances, a step which reflects the decimation of the value of depositors’ funds.
From...
