July 2019

© FINANCE minister Mthuli Ncube says government has made significant progress in privatising under-performing State-owned enterprises and parastatals earmarked for disposal. [GoogleAd] The former African Development Bank vice president told delegates at the sold out Daily News Business Breakfast Forum held under the theme “Implications of the new currency”, that government wants to plug leakages…

© RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday castigated liars who are misinforming the generality of the population about developments in the financial sector. [GoogleAd] Speaking at the Daily News Business Breakfast Forum yesterday, Mangudya said it was unfortunate that rumour-mongers were rushing to spread malicious information when they do not have the…

© ABOUT US$664 million has been traded on the interbank market since its inception in February. [GoogleAd] The Reserve Bank of Zimbabwe (RBZ) established the interbank market in February, thus liberalising the exchange rate from the 1:1 parity between the US dollar and the local currency. Yesterday, RBZ governor John Mangudya said the increase in…

© FINANCE minister Mthuli Ncube says government will not make any more major macro-economic reforms as he believes that good progress has been made towards fixing Zimbabwe’s ailing economy. [GoogleAd] This comes as government, through the monetary and fiscal authorities, has since October last year, implemented a number of far-reaching economic changes. For example, in…

© GOVERNMENT has urged captains of industry to invest more in production, while also exorcising the lack of confidence seen as the biggest hurdle towards the country’s attainment of vision 2030. [GoogleAd] Speaking during the Daily News Business Breakfast Forum yesterday, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya described confidence as the biggest currency…

© GOVERNMENT is in the process of reviewing upwards tax threshold in a bid to cushion workers from the high cost of living. Speaking at the Daily News Business Breakfast Forum yesterday, Finance minister Mthuli Ncube said it would be absurd to continue taxing people at current thresholds. [GoogleAd] “The question about Pay As You…

© RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday said the persistent fuel shortages were no longer just about the shortages of foreign currency (forex). [GoogleAd] The RBZ boss said while the country is still grappling with forex shortages, the absence of fuel at some pump stations was a result of operators who do…

© THE Deposit Protection Corporation (DPC) will on July 23 converge for their first annual general meeting in the capital to lay the roadmap for 2019. [GoogleAd] In a statement, corporate secretary Pardon Magaya said a number of issues have been put on the agenda among them the financials, appointment of auditors and an update…

© THE State has set July 15 as trial date of former National Social Security Authority (Nssa) general manager Elizabeth Chitiga, who is facing allegations of swindling the pension fund of $31 million in a housing project scam. [GoogleAd] Chitiga allegedly fraudulently awarded contracts for the construction of an $80 million National Building Society (NBS)…