Tag: Mthuli Ncube
I blame the 2% tax for the US$2.5 million robbery and others
Prof Mthuli’s 2% Tax is among the contributing factors to the increasing cases of robberies like the one that happened yesterday in Chinhoyi
The government is coming down hard on the informal sector
After spending months locked down and returning to low business the informal sector now has to contend with a government shakedown.
[Download] Ministry of Finance Progress on Economic and Structural Reforms in Zimbabwe
Minister for Finance Mthuli Ncube delivered a report on the Progress on Economic and Structural Reforms in Zimbabwe. The presentation shows the effects of the measures taken by the Finance Ministry and the Government as they try to manage Zimbabwe’s economic situation. The presentation looks at: Vision 2030 The Transitional Stabilisation Program (TSP) Economic and […]
Mthuli Ncube says Zim Stock Exchange will reopen after investigation
Finance Minister has said ZSE is under probe and will only reopen after the Financial Intelligence Unit has completed their investigations which could take as many as two weeks. We are waiting for the conclusions of the investigations led by the Financial Intelligence Unit (FIU). They should be able to conclude within the next week […]
Government gives update on digital broadcasting migration project
ZBC has been on the verge of digitisation for over half a decade now. Here at Techzim our first article on this issue was published on the 3rd of July in 2014. At the time, the article was written, there was a June 2015 deadline imposed by the ITU. We (Zim) and many other countries […]
Businesses could get away with not paying VAT for USD transactions – Mthuli Ncube on it
As far as Mthuli Ncube is concerned it’s still not dollarisation even when civil servants will be paid in pseudo USD, even when businesses are now required to display prices in USD, even when government charges for services in USD and even when today he proposes that all VAT registered business configure fiscal devices to […]
2% transaction tax is coming to USD transactions
It was a matter of time wasn’t it? The 2% tax levied on all electronic transactions by the government is such a cash cow, it is not going anywhere. The only direction we should expect it to go is upwards or sideways. Today, in his mid term budget review the minister of finance has extended […]
2020 Mid-Term Budget Review: Ministry of Finance allocating ZW$341m to e-Government program
Ah eGovernment… The conversation around eGovernance and making it easier for citizens to access government services is one that has been ongoing since 2015! In the current budget review unveiled today, eGovernance is again part of the budget and this time government is allocating ZW$341.7 million to eGovernance. In the budget review, the goals of […]
[Download] 2020 Mid-Term Budget Review
Finance Minister Mthuli Ncube shared his 2020 Mid-Term Budget review this afternoon. The Mid-Term Review details economic developments during the first half of the year, progress on implementation of the 2020 National Budget and also makes proposals for re-alignment of economic policy going forward. A big influence in this year’s Mid-Term review is COVID-19 which […]
Details emerge suggesting Zim’s National Data Centre will be used for surveillance
Remember the National Data Centre? Last November, Mthuli Ncube said that project was almost complete and whilst the project is yet to see the light of day more details regarding how the data centre will be used have emerged. An all seeing eye A report in The Standard noted that the National Data Centre will […]
ZSE CEO Shares More Details Regarding Soon To Be Launched Victoria Falls Exchange
When the government shared the budget for COVID-19 response – the Victoria Falls Securities Exchange (VFEX) was a part of that budget. At that time not much was explained beyond that this exchange was supposed to meant to attract offshore capital and that foreign companies invested in Zimbabwe will be able to seek listing on […]
Zimbabwe Printing And Pumping Money Into A Fragile Economy
The Zimbabwe ministry of finance and central bank have been promising more bank notes for some time now. Currently the only notes in circulation (besides the sometimes legal, sometimes illegal USD notes) are $2 and $5 notes which are worth about 4 and 10 American cents currently or 8 and 20 American cents respectively if […]
Government Announces Victoria Falls Securities Exchange To Attract Offshore Capital
Last night we shared the Government’s COVID-19 19 Recovery & Stimulus Package Budget and among the measures being taken is the launch of Victoria Falls Securities Exchange; Government has already announced the launch of Victoria Falls Securities Exchange (VFEX), in Victoria Falls in order to attract critical offshore capital to the economy in order to […]
Mthuli Ncube & His “Sophisticated Algorithms” For Corona Relief Funds – Another Privacy Disaster Looming?
When the government announced it would be distributing $600 million in COVID-19 Relief funds to assist vulnerable families there was some relief as it seemed the government When the fund was announced it was claimed that the Ministry of Social Welfare would prepare the database for recipients who would qualify for funding but cracks started […]
Full Statement: Mthuli Ncube’s Measures To Fight COVID 19
Here is the full statement from the Minister of Finance: INTRODUCTION 1. The Coronavirus 2019 (COVID-19) is spreading fast to the rest of the world, placing unprecedented pressure on humanitarian services as well as economic activities. 2. In view of the above impact of COVID-19 on the economy, Treasury has come up with the following […]
Mthuli Ncube Suspends ‘Trade’ Of Old Mutual, PPC And Seedco Shares In Bid To Kill Black Market
Today in an Extraordinary Government Gazette, the Minister of Finance, Mthuli Ncube has suspended the ‘fungibility’ of three stocks traded on the Zimbabwe Stock Exchange. The suspension is for 12 months from today. This is in a bid to arrest the continued deterioration in value of local currency on the parallel market. What is fungibility […]
Mobile Money Transactions To Be Scrutinised DAILY By Mthuli Ncube Task Force
On launching his Currency Stabilisation Task Force today, the minister of finance touched on mobile money specifically. Mobile money has been a scapegoat when it comes to the runaway inflation and its causative agent: accelerated decline in the value of the local currency. Ncube proposes to: Place limits on daily bulk payer transactions. Bulk payments […]
As Exchange Rates Shoot Through The Roof, Mthuli Ncube Appoints Task Force
Today the minister of Finance has announced the establishment of a ‘Currency Stabilisation Task force’ that he will chair. He says the task force will meet every week to review and work on stabilising currency exchange rates and the associated inflation which is at crazy highs now. Here is the press brief for you to […]
Mthuli Ncube: This Is How Zimbabwe’s Economy Will Overcome It’s Hurdles
Below is a write up from Zimbabwe’s Minister of Finance, Mthuli Ncube: 12 February 2020 This is how Zimbabwe’s economy will overcome its hurdles Zimbabwe’s economy will overcome the numerous hurdles which lay before us on the path towards prosperity. These obstacles are patent, and in some cases potent. But with hard work, proper planning, […]
Mthuli Ncube Video: Prosperity Is Our Dream, Things Will Be Fine
Mthuli Ncube believes in always communicating. Even when he doesn’t have much to share, he keeps the comms coming. Sometimes the effort is insulting for example the jingle his ministry produced a few weeks ago. Here is his new video: Quick NetOne, Telecel, Africom, And Econet Airtime Recharge Number to recharge: Airtime amount: EcoCash number: […]
Mthuli Ncube Interview With Bloomberg At Davos
Here is a short video clip of Mthuli Ncube being interviewed by Bloomberg at the sidelines of the World Economic Forum 2020 in Davos. Quick NetOne, Telecel, Africom, And Econet Airtime Recharge Number to recharge: Airtime amount: EcoCash number: {{error_message}} {{error_message}} If anything goes wrong, chat with us using the chat feature at the bottom […]
Mthuli Ncube Resorts To Jingles Ala ‘Rambai Makashinga’
One of the things I have always admired about Mthuli Ncube as Finance Minister is that he makes an attempt to communicate to the citizenry. Some of what he communicates is of course not so useful and hard to believe for example he has said a number of times that things are better right now […]
Zim Wants To Launch A Satellite: What’s The Cost & What Can The Money Be Used For Instead?
Much of the talk about the budget was around Finance Minister, Mthuli Ncube’s announcement of setting aside resources for the launch of a space satellite. Many people blasted the government for committing resources to launch a satellite yet we have more pressing problems that need to be addressed. In light of that, I set out […]
Watch: Mthuli Ncube Explains Satellite Launch Remarks
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National Budget To Include Resources For Launch Of Space Satellite
During Mthuli Ncube’s 2020 Budget presentation yesterday, the Finance Minister announced that as part of Research and Development efforts the government will set aside resources to launch a space satellite: The Budget has set aside resources for the Research and Development programme, including the launch of the space satellite. Mthuli Ncube – Finance Minister As […]
Mthuli Ncube Announces Tax Incentive For Companies That Employ Youths
The 2020 National Budget is out and there is a number of interesting things that the Finance Minister announced; from a new Venture Capital Fund to help startups to the nearing completion of a national data centre. One new development that caught me eye is the presence of a YETI in the budget. Nope, not […]
Download: 2020 National Budget As Presented By Mthuli Ncube
Here is the budget statement: Quick NetOne, Telecel, Africom, And Econet Airtime Recharge Number to recharge: Airtime amount: EcoCash number: {{error_message}} {{error_message}} If anything goes wrong, chat with us using the chat feature at the bottom right of this screen
National Data Centre Almost Complete: Mthuli Ncube
During the 2020 National budget speech given by Mthuli Ncube earlier today, the Finance Minister gave an update on the National Data Centre. According to the Minister, the project is nearing completion, which has been its status for the past 9 months: The establishment of a fully functional National Data Centre is almost complete, and […]
2020 Budget: Government Will Invest ZW$500 Million To Fund Startups
The Minister of Finance Mthuli Ncube presented his budget earlier today and the emphasis in 2020 will be moving away from austerity to growth. In line with this goal is the allocation of ZW$500 million which will be disbursed through a National Venture Capital Fund: In order to increase economic opportunities and participation by Zimbabwean […]
Download: Another Mthuli Ncube Report On The State Of The Economy Oct 2019
Here is yet another report from the Minister of Finance and Economic Development, Mthuli Ncube. He keeps churning these, a good thing honestly but sometimes the information seems to be the same old. Quick NetOne, Telecel, Africom, And Econet Airtime Recharge Number to recharge: Airtime amount: EcoCash number: {{error_message}} {{error_message}} If anything goes wrong, chat […]