Business Discussion News Politics 

Zimbabwe in recession for first time in 10 years, finance minister says

Mthuli Ncube said the economy was projected to recover and grow 3 percent next year BY MACDONALD DZIRUTWE Recession … Finance minister Mthuli Ncube says economy to grow by 3 percent next year HARARE – Zimbabwe’s economy is set to shrink by 6.5 percent this year – its first contraction in a decade – after a drought and power shortages,… Read More
Business News 

Ncube rejects public sector union demands for US dollar-indexed salaries

‘We can’t afford that as government, we’ll go bust’ – Mthuli Ncube BY TONY KAROMBO Can’t do it … Finance minister Mthuli Ncube says they cannot pay US-dollar indexed salaries HARARE – The government has rejected a central demand by public sector workers to have their salaries indexed to the United States dollar. Finance minister Mthuli Ncube said his broke… Read More
Business Discussion News Politics 

Economy contracts by 6% but Ncube predicts 11% growth swing in 2020

Treasury said the month-on-month inflation rate was projected to fall to around 10 percent By Macdonald Dzirutwe Optimistic … Finance minister Mthuli Ncube says economy will contract by as much as 6 percent, but he expects it to positively swing 11 percent next year HARARE- Zimbabwe’s economy is projected to contract by up to 6 percent this year due to… Read More
Business News 

Zimbabwe’s inflation for August ‘reached almost 300 percent’ – IMF

In June, the last time the government published annual inflation figures, it had stood at 176 percent Inflation headache … Finance minister Mthuli Ncube on Wednesday met with World Bank president David Malpass on the sidelines of the United Nations General Assembly in New York HARARE – Zimbabwe’s year-on-year inflation for August “reached almost 300 percent” in August, the International… Read More
Courts & Crimes News Opinions Politics 

Prof Jonathan Moyo: Mthuli Ncube defiance proves yet again that the rule of law is just part of the new deception!

There’s nothing in the High Court judgment to justify @MthuliNcube‘s ill-advised defiance. If he has a case, he should appeal otherwise his defiance proves yet again that the rule of law is just part of the new deception! — Prof Jonathan Moyo (@ProfJNMoyo) September 18, 2019 Read More
Business Courts & Crimes News 

Mthuli Ncube punched back: Transactional tax is our cash cow, it is going nowhere

GOVERNMENT will continue to levy the 2% transactional tax despite a High Court judgment early Wednesday that invalidated Statutory Instrument (SI) 205/2018,Finance Minister Mthuli Ncube has said. High Court Judge Justice Happius Zhou earlier in the day ruled in favour of a local activist Mfundo Mlilo who last year approached the courts with an application arguing Ncube had not followed rules… Read More
Business Courts & Crimes News 

Tendai Biti made Mthuli Ncube cry over loss of a court battle

 High Court Judge  Justice Zhou has on Wednesday  set aside SI 205/2018 on the 2% transaction tax. The case was argued by MDC vice president Tendai Biti. Fresh news coming out from High Court is that Justice Zhou has set aside the Statutory Instrument(SI), SI 205/2018 which was used to introduce the 2% tax. The case was argued by prominent… Read More
Business Corruption Development News 

Govt finances a mess: MPs summon Ncube

Kudzai Kuwaza PARLIAMENT says government finances are in a mess and has summoned Finance minister Mthuli Ncube — as a matter of urgency — to regularise a series of unauthorised expenditures which now include the ZW$10,85 billion supplementary budget which he presented earlier this month. Legislators also say government — and Treasury’s — accounting systems are in a shambles. The… Read More