Following the teachers and headmasters strike Professor Mthuli Ncube (Minister of Finance) has announced new conditions of service for teachers and civil servants on his Twitter page. These additional measures have been put in place to try salvage the economic crisis facing the nation as well as the under performing Zimbabwean dollar which keeps losing… Continue reading Mthuli Dangles Perks For Teachers And Civil Servants, But Is It Enough?
Tag: Mthuli Ncube
Good News For Car Importers As 50% Duty Now Payable In Zimbabwean Dollar
Proffesor Mthuli Ncube (Finance and Economic Development Minister) recently brought relief to local vehicle importers, mining entities and other exporters when he announced the new tax payment measures. The measures are expected to boost domestic use of local currency. Prof Ncube said all mining royalties are now payable in Zimbabwe dollars up to a limit… Continue reading Good News For Car Importers As 50% Duty Now Payable In Zimbabwean Dollar
New Monetary Policy: Tell Tale Signs That The Zimbabwean Economy Is In Shambles? (breaking down Monetary Policy 2022)
Zim economy The current state of the Zimbabwean economy is no secret. From an almost inexplicable 1:1 bond note to USD exchange rate to 200:1 +, this is just one of the tell tale signs of an unstable economy. A couple of moves have been made by the government and looking back, its now adding… Continue reading New Monetary Policy: Tell Tale Signs That The Zimbabwean Economy Is In Shambles? (breaking down Monetary Policy 2022)
Download 2022 National Budget. PDF
Zimbabwe’s Minister of Finance, Mthuli Ncube yesterday presented the national budget for 2022. The budget amounted to $927,3 billion. The budget which was said to be “people centered” has not pleased many including the former minister of Finance Tendai Biti. Various grievances have arose following this 2022 national budget. You can download the complete 2022… Continue reading Download 2022 National Budget. PDF
National Budget: “There is nothing for us in this budget” cries teachers’ union
Yesterday the nation was presented with a breakdown of the national budget 2022 by Finance Minister Mthuli Ncube. As you might expect the reactions to the budget are varied. 2022 National Budget The minister of Finance yesterday announced a $$927,3 billion budget which various publications and officials have called “lifeless.” Contrarily, publications such as the… Continue reading National Budget: “There is nothing for us in this budget” cries teachers’ union
Protesting War Veterans released from custody during the night
The Zimbabwe Lawyers for Human Rights(ZLHR) have managed to secure the release of the nine War Veterans who were arrested for protesting against low pension payouts. Th nine were released under the cover of darkness, which is ironic because most releases take place during the day. Full Statement from ZLHR below; HRDs Alert 27 August… Continue reading Protesting War Veterans released from custody during the night
Zimbabwe received a staggering US$1 billion from diasporans in 2020
In a recording breaking turn of events remittances send to the country from Diasporans have since overtaken foreign aid. 2020’s remittances have broken the record by having the highest ever remittances sent from abroad. Speaking to journalists in Bulawayo, Finance Minister Mthuli Ncube pointed out that the remittances received in all of 2020 amounted to… Continue reading Zimbabwe received a staggering US$1 billion from diasporans in 2020
Mthuli Ncube addresses increase in bank withdrawal limit
As a move to combat the black market, the Treasury chief and the Reserve Bank of Zimbabwe(RBZ), last year decided to put a limit on the amount of money can be withdrawn. The then established bank withdrawal limiting was placed at $2000. This limit was therefore unsatisfactory to a number of citizens who wanted the… Continue reading Mthuli Ncube addresses increase in bank withdrawal limit
Ambassador Prophet Uebert Angel hits the ground running
The newly appointed Presidential Envoy and Ambassador at large Prophet Uebert Angel has hit the ground running, he has already brought in a group of investors from the United Kingdom, which include Former Professional Footballer Dexter Blackstock who played for clubs such as Nottingham Forest, Leeds and Queens Park Rangers Rangers. Writing on his Facebook… Continue reading Ambassador Prophet Uebert Angel hits the ground running
Zimbabwe’s Economy is Shrinking says IMF
Contrary to Zimbabwe’s Ministry of Finance estimates of economic growth in 2019, the International Monetary Fund (IMF) has just released its projected figures on Zimbabwe and they are not looking good. The IMF says Zimbabwe will register a negative economic growth of -5.2% in 2019, that means Zimbabwe is officially in a recession, for the… Continue reading Zimbabwe’s Economy is Shrinking says IMF
We need a weak currency to stimulate the productive sector – Eddie Cross
The Aftermath Shortly after the Government was sworn in August 2018, they agreed to an economic and monetary reform program. Since then much of this ambitious plan has been implemented and the consequences have been a sharp deterioration in living standards and disposable incomes. What has been already carried out? First they had to deal… Continue reading We need a weak currency to stimulate the productive sector – Eddie Cross
Mthuli and Mangudya Must Resign says MDC Alliance
MAt least six weeks after Mangudya presented a wishy-wash, self-contradictory and retrogressive Monetary Policy Statement, Zimbabweans are paying the price. The exchange rate is collapsing every day, the price of the US dollar continues to firm against the fictitious RTGS dollar. It is fictitious both by definition and by reality; sadly ED Mnangagwa is creating… Continue reading Mthuli and Mangudya Must Resign says MDC Alliance
Zimbabwe 2019 National Budget PDF Download (PDF)
The 2019 national budget was presented by Minister of Finance , Pro Mthuli Ncube on the 22 of November 2018. Zimbabwe 2019 National Budget PDF Download
Lumumba officially fired from Communications Taskforce by Minister Mthuli Ncube
The Minister of Finance, Prof Mthuli Ncube has formally terminated Acie Lumumba’s employment contract just 3 days after hiring him to run the ministry’s ‘Communications Taskforce’ following backlash from the public and government officials. In the termination letter (below) Prof Mthuli Ncube indicated that “New information has come to light over the appropriateness of the… Continue reading Lumumba officially fired from Communications Taskforce by Minister Mthuli Ncube
Breaking: Government has temporarily amended SI 122 to allow Companies / Individuals to import goods without licences
The government of Zimbabwe has temporarily amended Statutory Instrument 122 of 2017 to allow unlicensed companies and individuals to import goods that are in short supply in the country, owing to the recent price hikes and food shortages. Part of the goods that individuals and companies can now bring in include baked beans, body creams,… Continue reading Breaking: Government has temporarily amended SI 122 to allow Companies / Individuals to import goods without licences
Video: Bustop TV mock Finance Minister Mthuli Ncube in latest skit
Comedy outfit Bustop TV is known for releasing very thought provoking political skits, and their latest one is no exception. The outfit comprising of Gonyeti and Maggi (stage names) takes on the very controversial issue of the 2% recently introduced by Finance Minister Mthuli Ncube, and how it is affecting the ordinary man on the… Continue reading Video: Bustop TV mock Finance Minister Mthuli Ncube in latest skit
DOWNLOAD: Zimbabwe Fiscal Policy Statement Issued on 1 October 2018 (PDF)
Zimbabwean Finance Minister Mthuli Ncube, delivered his fiscal policy statement or what he calls Fiscal measures for recersing fiscal dis-equilibrium on the 1st of October 2018 for 2018. You can download the full statement in PDF below: DOWNLOAD 2018 Fiscal Measures PDF