The Minister of Finance and Economic Development, Mthuli Ncube has proposed to cabinet and got approval to sell off TelOne and NetOne as a bundle. TelOne is Zimbabwe’s only fixed […]
African Economic Research Consortium (AERC) will hold its twenty-first Senior Policy Seminar from March 21-22 at Meikles Hotel in Harare Zimbabwe, co-hosted by the Reserve Bank of Zimbabwe. Honorable Prof. […]
So in October 2018, Finance and Economic Development Minister, Mthuli Ncube introduced a 2% tax on all electronic transactions in Zimbabwe. The tax has been subject to a lot of […]
Nothing is as universally loathed by people as Mthuli Ncube’s 2% tax. Dubbed the Electronic Transactions Tax, it was introduced last year where the government would levy 2% tax on all […]
While it was initially conceived as a way to send and receive money, Ecocash has become the unofficial currency of Zimbabwe. They might be calling them RTGS dollars but Ecocash […]
One thing that’s for sure: electronic transactions are now expensive in Zimbabwe. Ironically so when the government says they are pushing for a cashless economy. I don’t know how they […]
The starting exchange rate between the USD and recently introduced RTGS dollar will be 1:2.5. This was announced by the governor of the Reserve Bank of Zimbabwe, John Mangudya at […]
The first of the two monetary policy presentations for 2019 has just happened. The presentation was very late according to the legal schedule. We in media only got a very […]
While Zimbabwe certainly still has a biting foreign currency crisis one thing appears to have gotten less severe for some reason: The Cash crisis, which is still definitely a problem […]
So the Reserve Bank of Zimbabwe Act, the law that establishes and regulates the central bank states that the bank should issue 2 monetary policy statements per year. One of […]
I’m sure you remember that two days ago, Former Finance Minister sent Zimbabwe into a state of frenzy when he said that the government will introduce a new currency this […]
Former Finance Minister, Tendai Biti has just said that the government is going to introduce a new currency this week. The introduction of a new currency is expected to coincide […]
My colleague has already delivered his rebuttal to Mr Eddie Cross’s claim that the bond note is the strongest currency in Southern Africa. In this article I am going to […]
Veritas has brought up again the issue of legality of the 2% tax on electronic transactions and whether it should be collected as it is right now. Before we even […]
Instead of trying to prop up the failed bond notes and dollarization system, South Africa’s Finance Minister, Tito Mboweni thinks Zimbabwe is better off introducing a new currency. I think […]
Strive Masiyiwa’s Facebook page seems to be a constant source of news these days as the popular businessman disclosed that listing Cassava SmartTech was a colossal battle. The businessman went […]
According to Zimbabwe’s largest daily, The Herald, Zimbabweans are very optimistic about the country’s economic prospects in 2019. That’s the thing about stuff you see in the Herald- always assume […]
This morning we were talking about the introduction of a USD card by ZUVA for buying petrol and diesel. They of course didn’t start it: Chicken Inn introduced “discounts” for […]
The Finance Minister’s latest remarks will probably draw rebuke and ire more than ever. First off he says Zimbabweans have now embraced the 2% tax and he adds to that […]
So now that the year 2018 is coming to a close,Google, in keeping with tradition has published this year’s searches including those from Zimbabwe. The inevitable conclusion from perusing the […]
Tomorrow (26 November) Fingaz is hosting the National Stakeholder Indaba on the Economy. The event is described as an “all-stakeholder forum for negotiated solutions and consensus building” and it seems […]
After clarion calls to abolish the controversial 2% tax by many people from all walks of life, its still the same story, the government doesnt yet want to get rid […]
It seems we are on a deal-striking streak. As recently as the 4th of November, Finance Minister Professor Mthuli Ncube met with Japan’s Ambassador Toshiyuki Iwado and also announced that […]
STATEMENT BY THE MINISTER OF FINANCE AND ECONOMIC DEVELOPMENT HON. PROF MTHULI NCUBE ON PROMOTING FOREIGN INVESTMENT TO LANDLOCKED DEVELOPING COUNTRIES (LLDCS) Chairperson, I am delighted to take the floor […]
It seems the Communication Task Force set up by Finance Minister Mthuli Ncube has already been laid to rest. In fact, if you believe what the Ministry of Information says […]
It seems the naming and shaming is quickly becoming a go-to tactic whenever the government wants to do something. The Finance Minister Mthuli Ncube made an infamous appointment of ‘Acie […]
This is a press release with a bit of our own commentary. Mastercard President and CEO, Ajay Banga, this week visited Zimbabwe to show Mastercard’s strong support for the country’s […]
Another conspiracy theory that make the rounds is that the central bank, Reserve Bank of Zimbabwe (RBZ) is involved in the informal and illegal money changing practice. Now Finance Minister, Professor […]
It’s 2018 and it’s also very clear that bond notes and USD’s are not the same. The government has finally admitted as much. Because banks were given two weeks to […]