Category: Finance & Economics

Zim dollar devaluation exaggerated: Real exchange rate should be US$1: ZWL$5.6 – Minister Chronicle 24/9/2019   Minister of Finance and Economic Development Professor Mthuli Ncube Business Editor THE appropriate exchange rate between the Zimbabwean dollar and the United States dollar should hover around US$1:ZWL$5,6 based on “founded quantitative estimates”, Finance and Economic Development Minister, Professor …

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Letters to the Editor: Introducing a new currency was Zimbabwe’s only viable option    Chronicle 30/8/2019 Prof Mthuli Ncube ZIMBABWE, the country I serve as Finance Minister, has been in the news for restricting the use of the US dollar and other international currencies as legal tender. Why would we want to return to our …

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Tongaat leases out non-core businesses    Chronicle 6/8/2019 Hippo Valley Estates Walter Mswazie in Masvingo  TONGAAT Hulett Zimbabwe (THZ) is leasing out most of its non-core businesses under Hippo Valley and Triangle Estates to interested parties and has set this week as the deadline for the bidding. In a public notice the company said the …

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Mthuli Ncube piles more misery By Newsday – August 2, 2019 BY XOLISANI NCUBE/FIDELIS MHLANGA FINANCE minister Mthuli Ncube yesterday announced a three-fold increase in electricity tariffs and raised tax on fuel imports in addition to raising the cost of obtaining government services in a midterm budget likely to send inflation sky high and worsen the economic …

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Editorial Comment – Budget Review: Govt speaks to real issues  Herald 2/8/2019   Minister Ncube presents the 2019 Mid-Term Policy Review Statement in Parliament yesterday The 2019 Mid-Year Budget Review and Supplementary Budget presented by Finance and Economic Development Minister Professor Mthuli Ncube yesterday, has reaffirmed Government’s desire to improve the life of its citizens …

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Tax-free threshold widened    Herald 2/8/2019 Prof Mthuli Ncube Golden Sibanda Senior Business Reporter Finance and Economic Development Minister Professor Mthuli Ncube has reviewed upwards the tax-free threshold by 100 percent from $350 to $700, with immediate effect, in an effort to increase workers’ disposable incomes amid rising inflation. Presenting a $10,85 billion Supplementary Budget …

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Government moves to ensure food security . . . ZW$1,67bn for 2019/20 summer cropping season    Chronicle 2/8/2019 Oliver Kazunga, Senior Business Reporter GOVERNMENT has set aside ZW$1,67 billion to support the 2019/20 summer cropping season and called on the private sector to join hands so as to ensure food security in the country. Presenting the …

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$1,1 billion for social safety nets    Chronicle 2/8/2019 Professor Mthuli Ncube Nqobile Tshili, Chronicle Reporter TREASURY has increased to ZW$1,135 billion its budget allocation for social safety nets to cushion vulnerable members of the public against drought-induced macro-economic challenges. Finance and Economic Development Minister Professor Mthuli Ncube revealed this yesterday while presenting his 2019 Mid-Year …

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10, 85 billion dollar supplementary budget . . . Expenditure in line with increased revenues    Chronicle 2/8/2019 Finance and Economic Development Minister, Professor Mthuli Ncube outside the Parliament buildings in Harare yesterday Prosper Ndlovu, Business Editor FINANCE and Economic Development Minister, Professor Mthuli Ncube, yesterday unveiled a ZW$10,85 billion supplementary budget and announced a string …

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Mid-term monetary policy: What they said By Newsday – July 31, 2019 BY FIDELITY MHLANGA/MISHMA CHAKANYUKA FINANCE minister Mthuli Ncube is today expected to deliver the mid-year fiscal policy at a time the country is battling economic headwinds, characterised by spiking inflation, lack of liquidity, disposable incomes and a crippling shortage of electricity which has seen households …

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