High Court rules RTGS legal tender
The Real Time Gross Settlement (RTGS) is a legal tender in the country, the High Court has ruled in a case in which an investment company lost its claim for… Read more »
Category: Zimbabwe
De-Linking Our Economy From The USD Will Bring Exchange Rate Stability- Mthuli
The Minister of Finance speaking at the Zimpapers breakfast meeting on Friday said it would take time to reach the de-dollarisation target as very few economies had successfully de-dollarised, the… Read more »
Zimbabwe to cut value added tax to boost consumer demand
(Reuters) – Zimbabwe plans to cut value added tax (VAT) from January to stimulate consumer demand in an economy set to a contract this year after a drought and power… Read more »
Redcliff eyes new CBD
Redcliff Municipality, which is eyeing city status by 2030, is in the process of preparing a development master plan that will see the establishment of a new Central Business District… Read more »
Tax-free bonus threshold upped from $1k to $5k
FINANCE and Economic Development Minister Professor Mthuli Ncube yesterday presented pro-people 2020 National Budget proposals, which contained safety nets for vulnerable people, including bonuses for civil servants, a better mass… Read more »
$500 million for youth empowerment
GOVERNMENT has set aside $500 million for youth empowerment and announced a tax incentive for companies that employ young professionals as it steps up efforts to generate jobs in the… Read more »
‘New notes, coins won’t cause inflation’
The recently introduced bank notes and coins as a strategy to satisfy legitimate demand for coins and small notes will not fuel inflation as is feared by some, Reserve Bank… Read more »
Budget must inspire confidence — experts
Finance and Economic Development Minister Professor Mthuli Ncube presents the 2020 National Budget this afternoon that is expected to help create a fiscal environment that will stimulate production. The Budget… Read more »
New economic empowerment policy on the cards
Zanu-PF is working on crafting a draft economic empowerment policy which will replace the Indigenisation and Economic Empowerment Act as Zimbabwe moves to attract foreign direct investment. Recently, the party… Read more »
“We Failed To Contain Inflation,” Govt
Finance ministry permanent secretary, George Guvamatanga (GG) has said that Zimbabwe’s inflation is now out of control. He was speaking to Alpha Media Holdings chairman Trevor Ncube (TN) on the… Read more »