Mthuli Ncube

Last updated on 2014-05-22T12:05+0300.

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Mthuli Ncube said : "We are still working on those facilities; it takes time. We are in the final stages now in terms of putting in place the right insurance and guarantee mechanisms. We are making progress towards finalising those facilities," External link

bulawayo24 Sunday, September 15, 2019 10:27:00 AM EAT

Mthuli Ncube said : “We are still working on those facilities; it takes time. We are in the final stages now in terms of putting in place the right insurance and guarantee mechanisms. We are making progress towards finalising those facilities,” External link

thezimbabwemail Sunday, September 15, 2019 3:18:00 AM EAT

Mthuli Ncube said : “And we have converted the RBZ overdraft into a long-term instrument, which is also very good because we can develop a bond market going forward. So things have gone very well on the fiscal consolidation front,” External link

thezimbabwemail Saturday, September 14, 2019 12:50:00 AM EAT

Mthuli Ncube said : “The SMP process will run until year end and the next review is in January 2020, but in the interim we will continue receiving reviews from them on how we are progressing,” External link

zimeye Friday, September 13, 2019 7:13:00 AM EAT

Mthuli Ncube said ( about Monetary Policy ) : "In terms of the Reserve Bank of Zimbabwe Act Section 29B, and in consultation with His Excellency, President E.D. Mnangagwa, I am pleased to announce the appointment of a Monetary Policy Committee of the Reserve Bank of Zimbabwe, with effect from 10 September 2019," External link

bulawayo24 Thursday, September 12, 2019 10:17:00 AM EAT

Mthuli Ncube said : “But then, the response of the economy (to reforms) usually takes longer,” “There is often an 18-month lag in terms of economic response to certain economic policy. So, citizens should be patient; we are on a reform agenda, the economy is in transition (and) we will get there” External link

herald Monday, September 9, 2019 3:24:00 AM EAT

Mthuli Ncube said : “has launched a political dialogue process that didn’t exist in the past,” External link

newsday Friday, September 6, 2019 7:42:00 AM EAT

Mthuli Ncube said : “the idea . . . would (be) we go into negotiations on how to clear the (World Bank and AfDB) arrears,” External link

newsday Friday, September 6, 2019 7:42:00 AM EAT

Mthuli Ncube said : “Without our own currency, we have had no control of monetary policy. We have had no mechanism to stimulate economic activity — not exports, nor foreign direct investment — or to deal with downturns in international markets. That is why the government must introduce its own new, and permanent, fiat currency,” “To be clear, at this time, in this year, any and every responsible Zimbabwean government would be doing the same as we are today. This is not a ‘political’ decision, therefore, but simple economic and geopolitical necessity. Zimbabwe’s recovery will still depend on export-led growth. Had the opposition been in office, they too would now be introducing a new currency — just the same — despite their present protestations to the contrary” External link

theindependent Thursday, September 5, 2019 5:06:00 PM EAT

Mthuli Ncube said : "has launched a political dialogue process that didn't exist in the past," External link

bulawayo24 Thursday, September 5, 2019 12:26:00 PM EAT

Mthuli Ncube said : "the idea… would (be) we go into negotiations on how to clear the (World Bank and AfDB) arrears," External link

bulawayo24 Thursday, September 5, 2019 12:26:00 PM EAT

Mthuli Ncube said : “has launched a political dialogue process that didn’t exist in the past,” External link

insiderzim Wednesday, September 4, 2019 11:38:00 PM EAT

Mthuli Ncube said : “the idea… would (be) we go into negotiations on how to clear the (World Bank and AfDB) arrears,” External link

insiderzim Wednesday, September 4, 2019 11:38:00 PM EAT

Mthuli Ncube said : “has launched a political dialogue process that didn’t exist in the past,” External link

thezimbabwemail Wednesday, September 4, 2019 7:38:00 PM EAT

Mthuli Ncube said : “the idea… would (be) we go into negotiations on how to clear the (World Bank and AfDB) arrears,” External link

thezimbabwemail Wednesday, September 4, 2019 7:38:00 PM EAT

Mthuli Ncube said : "has launched a political dialogue process that didn't exist in the past," External link

4-traders Wednesday, September 4, 2019 6:27:00 PM EAT

Mthuli Ncube said : "the idea... would (be) we go into negotiations on how to clear the (World Bank and AfDB) arrears," External link

4-traders Wednesday, September 4, 2019 6:27:00 PM EAT

Mthuli Ncube said : "has launched a political dialogue process that didn't exist in the past," External link

news-yahoo Wednesday, September 4, 2019 5:50:00 PM EAT

Mthuli Ncube said : "the idea... would (be) we go into negotiations on how to clear the (World Bank and AfDB) arrears," External link

news-yahoo Wednesday, September 4, 2019 5:50:00 PM EAT

Mthuli Ncube said : "has launched a political dialogue process that didn't exist in the past," External link

reuters-en Wednesday, September 4, 2019 5:48:00 PM EAT

Mthuli Ncube said : "the idea... would (be) we go into negotiations on how to clear the (World Bank and AfDB) arrears," External link

reuters-en Wednesday, September 4, 2019 5:48:00 PM EAT

Mthuli Ncube wrote : “As the former chief economist at the African Development Bank, I have witnessed the results of currency volatility across many contexts. I have seen what works — and the reverse. And that is why, in June of this year, the government made the RTGS — a quasi-currency that will act as a bridge to the introduction of a sovereign currency later this year — the sole legal tender in Zimbabwe,” “The Zimbabwe dollar, comprising RTGS and bond notes, is now the designated sole legal tender in Zimbabwe — pending the rollout of a fiat currency later in the year. Initially, the government introduced it alongside the other currencies, with the intention of it becoming the main currency of exchange in place of the dollar, which would primarily be used as a reserve of value” External link

zimeye Wednesday, September 4, 2019 12:48:00 PM EAT

Mthuli Ncube wrote : "As the former chief economist at the African Development Bank, I have witnessed the results of currency volatility across many contexts. I have seen what works — and the reverse. And that is why, in June of this year, the government made the RTGS — a quasi-currency that will act as a bridge to the introduction of a sovereign currency later this year — the sole legal tender in Zimbabwe," "The Zimbabwe dollar, comprising RTGS and bond notes, is now the designated sole legal tender in Zimbabwe — pending the rollout of a fiat currency later in the year. Initially, the government introduced it alongside the other currencies, with the intention of it becoming the main currency of exchange in place of the dollar, which would primarily be used as a reserve of value" External link

bulawayo24 Wednesday, September 4, 2019 11:36:00 AM EAT

Mthuli Ncube wrote : “As the former chief economist at the African Development Bank, I have witnessed the results of currency volatility across many contexts. I have seen what works — and the reverse. And that is why, in June of this year, the government made the RTGS — a quasi-currency that will act as a bridge to the introduction of a sovereign currency later this year — the sole legal tender in Zimbabwe,” “The Zimbabwe dollar, comprising RTGS and bond notes, is now the designated sole legal tender in Zimbabwe — pending the rollout of a fiat currency later in the year. Initially, the government introduced it alongside the other currencies, with the intention of it becoming the main currency of exchange in place of the dollar, which would primarily be used as a reserve of value” External link

newsday Wednesday, September 4, 2019 7:04:00 AM EAT

Mthuli Ncube said : "Consequently, adherence to sound fiscal and monetary policy reforms allowed containment of domestic debt stock which stood at ZWL$8,8 billion as at end June 2019, down from ZWL$9,5 billion as at December 31, 2018," External link

bulawayo24 Friday, August 30, 2019 11:13:00 PM EAT

Mthuli Ncube said : "Consequently, adherence to sound fiscal and monetary policy reforms allowed containment of domestic debt stock which stood at ZWL$8,8 billion as at end June 2019, down from ZWL$9,5 billion as at December 31, 2018," External link

bulawayo24 Friday, August 30, 2019 11:13:00 PM EAT

Mthuli Ncube said : "On processes like this, 25% of the budget goes directly to the provincial council and 75% goes directly to the rural district councils," "The legislation regarding the provincial councils' issues needs to be concluded, and it is a matter that is in hand and the process is under way, but an allocation has been made already. That allocation at provincial councils' level is about $114,4 million and the remainder out of the $703 million is then allocated at rural district level" External link

bulawayo24 Friday, August 30, 2019 11:13:00 AM EAT

Mthuli Ncube said : “On processes like this, 25% of the budget goes directly to the provincial council and 75% goes directly to the rural district councils,” “The legislation regarding the provincial councils’ issues needs to be concluded, and it is a matter that is in hand and the process is under way, but an allocation has been made already. That allocation at provincial councils’ level is about $114,4 million and the remainder out of the $703 million is then allocated at rural district level” External link

newsday Friday, August 30, 2019 5:07:00 AM EAT

Mthuli Ncube told : “We remain committed to current and future tax reforms geared at widening the tax base so that the tax burden is shared by all – including by the informal sector for that matter,” External link

herald Friday, August 30, 2019 2:51:00 AM EAT

Mthuli Ncube said : “The gesture symbolises the strong partnership and deep cooperation between Zimbabwe and its partners, in responding to emergency needs in the wake of the tropical cyclone which sadly caused loss of lives and livelihoods as well as damage to infrastructure,” External link

reliefWeb Wednesday, August 28, 2019 11:28:00 AM EAT

Mthuli Ncube said : “The DRC mission to Zimbabwe is taking place at a time when the country is in the midst of implementing key reforms necessary to achieve economic growth and development for the country,” External link

thezimbabwemail Friday, August 23, 2019 11:47:00 PM EAT

Mthuli Ncube déclaré : "La mission du CRD au Zimbabwe survient dans une période où le pays s'efforce de mettre en œuvre des réformes essentielles à sa croissance économique et à son développement" External link

french.china.org.cn Friday, August 23, 2019 12:32:00 AM EAT

Mthuli Ncube said : “The IMF has no concerns in us raising the wage ceiling for civil servants but it has simply reiterated the importance of not supporting that through borrowing otherwise the fund is fully supportive of our efforts to reform the economy,” External link

thezimbabwemail Thursday, August 22, 2019 10:57:00 PM EAT

Mthuli Ncube said : “The IMF has no concerns in us raising the wage ceiling for civil servants but it has simply reiterated the importance of not supporting that through borrowing otherwise the fund is fully supportive of our efforts to reform the economy,” External link

zbc Thursday, August 22, 2019 4:16:00 PM EAT

Mthuli Ncube said : “The IMF has no concerns in us raising the wage ceiling for civil servants but it has simply reiterated the importance of not supporting that through borrowing otherwise the Fund is fully supportive of our efforts to reform the economy,” External link

zbc Thursday, August 22, 2019 2:37:00 PM EAT

Mthuli Ncube said : “Owing to negative natural conditions, which badly affected a number of sectors, particularly agriculture and power generation, coupled with inflationary pressures, foreign currency shortages and limited external financial support, the economy has faced major drawbacks to growth stimulation in the first half of 2019,” “In view of the headwinds, the revised 2019 GDP growth is expected to be negative and even below the -2% projected under the SMP (Staff-Monitored Programme)” External link

theindependent Wednesday, August 21, 2019 8:49:00 PM EAT

Mthuli Ncube said : “We already have our own local currency, but this will be the first Zimbabwe dollar notes which will trade at parity to the bond notes,” External link

financialgazette Wednesday, August 21, 2019 4:41:00 PM EAT

Mthuli Ncube said : "We already have our own local currency, but this will be the first Zimbabwe dollar notes, which will trade at parity to the bond notes," External link

bulawayo24 Wednesday, August 21, 2019 10:13:00 AM EAT

Mthuli Ncube said : “What people are feeling is really wage compression and not hyperinflation. Prices adjusted instantly to the exchange rate, but wages have been too slow to catch up with the adjustment. The issue is about wage adjustment and I am a big champion of wage adjustment. The big macro-economic decisions should be complete by year-end. In December, everything stops in terms of the big decisions. Beyond that, we focus more on jobs, growth, productivity and development” External link

zimeye Tuesday, August 20, 2019 9:50:00 PM EAT

Mthuli Ncube said : “We already have our own local currency, but this will be the first Zimbabwe dollar notes which will trade at parity to the bond notes,” External link

thezimbabwemail Tuesday, August 20, 2019 1:37:00 PM EAT

Mthuli Ncube told : “The big macro-economic decisions should be complete by year-end,” External link

insiderzim Monday, August 19, 2019 5:33:00 PM EAT

Mthuli Ncube said : “We can declare victory on the fiscal front,” External link

insiderzim Sunday, August 18, 2019 9:35:00 PM EAT

Mthuli Ncube said : “Therefore, going forward, it is imperative that we pursue and further strengthen our fiscal and monetary policies and also remain responsible enough to ensure that factors such as wage increases and money supply remain under check…The supplementary budget proposes to accommodate all the above commitments, moving employment cost budget allocation from $4,1 billion to $5,9 billion” External link

newsday Sunday, August 18, 2019 8:14:00 PM EAT

Mthuli Ncube said : “Going forward, government is pursuing the establishment of a mass rapid transit system, which is a co-ordinated public transport network facilitated through railways and road transport for both urban and rural commuters. In that regard, appropriate investigations and studies are under way” External link

newsday Sunday, August 18, 2019 8:14:00 PM EAT

Mthuli Ncube said : "We can declare victory on the fiscal front," External link

bulawayo24 Saturday, August 17, 2019 1:29:00 PM EAT

Mthuli Ncube said : "I thank the Honourable Senator for those compliments, I agree with her that this is an important constituency within our community, within our population and we are grateful for their sacrifice, we would not all be here if it were not for them. Last week, we had a robust debate in the Lower House and I agreed to top up with an additional $15 million to the War Veterans Administration Fund to cater for health, school fees and other welfare issues," "An issue was raised around other benefits such as making sure that the war veterans can import vehicles duty free. We undertook that we will look into this matter and see how we can progress it, it is on the table. One thing that I was asked to investigate is how many war veterans are able in terms of their RTGS or Zimbabwe dollar resources import cars in the first place and then we work out if it is within our budgetary envelope in terms of the duties we will fore-go. So, we are amenable to receiving almost case by case application representations on this issue but we will continue to look at other ways to support our war veterans and find solutions" External link

bulawayo24 Saturday, August 17, 2019 10:15:00 AM EAT

Mthuli Ncube said : “We can declare victory on the fiscal front,” External link

businessday Friday, August 16, 2019 12:47:00 PM EAT

Mthuli Ncube told : "We are very serious about offshore financial centres in Zimbabwe to compete with Mauritius, Botswana and Kazakhstan. We want to target companies that are trying to invest in Africa, we want them to come through Zimbabwe as an offshore financial centre," External link

bulawayo24 Friday, August 16, 2019 12:30:00 PM EAT

Mthuli Ncube said : "Why am I optimistic about this? Because of the quality of the people in Zimbabwe, quality of personnel. Our financial sector, whatever you think, is well organised, it's in line with international standards," "We have got also the support of private sector institutions, the law society, the accountants to support the successful offshore financial service centres" External link

bulawayo24 Friday, August 16, 2019 12:30:00 PM EAT

Mthuli Ncube said : "Owing to negative natural conditions, which badly affected a number of sectors, particularly agriculture and power generation, coupled with inflationary pressures, foreign currency shortages and limited external financial support, the economy has faced major drawbacks to growth stimulation in the first half of 2019," "In view of the headwinds, the revised 2019 GDP growth is expected to be negative and even below the -2% projected under the SMP (Staff-Monitored Programme)" External link

bulawayo24 Friday, August 16, 2019 10:51:00 AM EAT

Mthuli Ncube said : “The purpose of the Finance Bill is to give effect to the Supplementary 2019 expenditures that were presented to the National Assembly,” External link

herald Friday, August 16, 2019 2:40:00 AM EAT

Mthuli Ncube said : “In the short term, the power supply deficit can be met only through power imports; hence it is urgent that the government capacitates Zesa [the Zimbabwe Electricity Supply Authority] to mobilise the requisite resources through appropriate [measures] and cost-recovery tariffs, implemented through a differentiated tariff scale,” External link

thezimbabwemail Thursday, August 15, 2019 2:24:00 PM EAT

Mthuli Ncube said : "I have only been a minister for one month. We need patience, we know what we are doing. What I can say to Zimbabweans is that they should give me six months to see the full impact of the changes from the policies that we have pursued. " External link

bulawayo24 Thursday, August 15, 2019 9:54:00 AM EAT

Mthuli Ncube responded : "When are you expecting a fully-fledged currency to be introduced?" External link

bulawayo24 Thursday, August 15, 2019 9:54:00 AM EAT

Mthuli Ncube said : "But do you know what has been happening, the cost of this US dollar drug is greening like mbanje so the doctors (local) were spending a lot of time acting as agents for hospital facilities in places like India and they earned a fee for that," "So, rather than treating here, they say go to India and of course you will get good treatment but they (local doctors) earned a fee for that. The whole referral industry was earning US dollars through referring patients to places like India and others. So using the US dollar also distorted the incentive system within the health sector and that's what happened" External link

bulawayo24 Wednesday, August 14, 2019 11:02:00 AM EAT

Mthuli Ncube said : “I’m happy to report that we have curtailed the issuance of TBs, we have only issued something in the order of $230 million just to manage cashflows, but also to test the market and I’m pleased that we are getting very good yields of well below 20%,” External link

newsday Wednesday, August 14, 2019 6:37:00 AM EAT

Mthuli Ncube said : “But do you know what has been happening, the cost of this US dollar drug is greening like mbanje so the doctors (local) were spending a lot of time acting as agents for hospital facilities in places like India and they earned a fee for that,” “So, rather than treating here, they say go to India and, of course, you will get good treatment but they (local doctors) earned a fee for that. The whole referral industry was earning US dollars through referring patients to places like India and others. So using the US dollar also distorted the incentive system within the health sector and that’s what happened” External link

herald Wednesday, August 14, 2019 2:54:00 AM EAT

Mthuli Ncube said : “But do you know what has been happening, the cost of this US dollar drug is greening like mbanje so the doctors (local) were spending a lot of time acting as agents for hospital facilities in places like India and they earned a fee for that,” “So, rather than treating here, they say go to India and of course you will get good treatment but they (local doctors) earned a fee for that. The whole referral industry was earning US dollars through referring patients to places like India and others. So using the US dollar also distorted the incentive system within the health sector and that’s what happened” External link

zimeye Wednesday, August 14, 2019 2:11:00 AM EAT

Mthuli Ncube said : “You know what has been happening because of this US dollar drug? What was happening is that the doctors were spending a lot of time acting as agents for hospital facilities based in India and they were earning a fee for it,” External link

newsday Monday, August 12, 2019 5:59:00 AM EAT

Mthuli Ncube said : “The selection of farmers will be done in a transparent way and measures will be put in place to recover all the loans,” External link

zimeye Sunday, August 11, 2019 7:02:00 AM EAT

Mthuli Ncube said : “I agree with you and as a gap in governance, we are doing something else. We are going to launch a government pension fund which will be even closer to what PIC is. In the last quarter, we will launch that” “It will be smaller and initially, we will grow it and then obviously we fund it in terms of the asset management aspect. Certainly, we won’t give it to Nssa. We will find someone else so that it becomes like PIC, but we are worried about Nssa doing the right things. Then the strategies of investment can reflect the strategies of government and nation in terms of where the investments are being targeted,” External link

newsday Saturday, August 10, 2019 12:25:00 PM EAT

Mthuli Ncube said : "We are certainly going in the right direction in terms of the macro-economic picture," External link

bulawayo24 Saturday, August 10, 2019 11:07:00 AM EAT

Mthuli Ncube said : "I am happy to report that we have curtailed issuance of Treasury Bills, we have only issued something in the order of $230 million just to manage cash flows but also to test the market," External link

bulawayo24 Saturday, August 10, 2019 11:07:00 AM EAT

Mthuli Ncube said : “You know what's has been happening because of this US$ drug. What was happening is that the doctors were spending a lot of time acting as agents for hospital facilities based in India and they were earning a fee for it,” External link

infosplusgabon Saturday, August 10, 2019 2:42:00 AM EAT

Mthuli Ncube said : “the majority of illegal foreign currency transactions are being conducted through this platform, thereby evading payment of tax and sustaining parallel market activities” External link

thezimbabwemail Saturday, August 10, 2019 12:51:00 AM EAT

Mthuli Ncube said : "Owing to negative natural conditions, which badly affected a number of sectors particularly agriculture and power generation, coupled with inflationary pressures, foreign currency shortages and limited external financial support, the economy has faced major drawbacks to growth stimulation in the first half of 2019," External link

bulawayo24 Friday, August 9, 2019 6:05:00 PM EAT

Mthuli Ncube said : "If this path is maintained, the RBZ would meet its reserve money growth target of 10 percent by year-end, that way anchoring inflationary pressures," External link

bulawayo24 Friday, August 9, 2019 10:49:00 AM EAT

Mthuli Ncube said : "Attainment of a fiscal surplus, combined with a current account balance during the first half of the year, constitutes a firm roadmap to confidence-building, much required by this economy. Furthermore, now that we have introduced our own currency, this has not only restored monetary policy, but also created scope for enhanced competitiveness of our exports," External link

bulawayo24 Friday, August 9, 2019 10:04:00 AM EAT

Mthuli Ncube said : “If this path is maintained, the RBZ would meet its reserve money growth target of 10 percent. by year-end, that way anchoring inflationary pressures,” External link

thezimbabwemail Friday, August 9, 2019 1:43:00 AM EAT

Mthuli Ncube said : "This will go a long way in assisting, not only the vulnerable, but every Zimbabwean in achieving a sustainable upper middle income status by 2030," External link

bulawayo24 Wednesday, August 7, 2019 12:06:00 PM EAT

Mthuli Ncube said : "Transporting wholesale goods (clothing, machinery, household goods) from Yiwu in Zhejiang province (China) to London by sea takes 40 days," "But since the Khorgos dry port became operational, the same journey by rail takes anywhere from 18 to 20 days. This is a huge increase in efficiency" External link

bulawayo24 Wednesday, August 7, 2019 12:06:00 PM EAT

Mthuli Ncube said : “Transporting wholesale goods (clothing, machinery, household goods) from Yiwu in Zhejiang province (China) to London by sea takes 40 days,” “But since the Khorgos dry port became operational, the same journey by rail takes anywhere from 18 to 20 days. This is a huge increase in efficiency” External link

newsday Wednesday, August 7, 2019 9:47:00 AM EAT

Mthuli Ncube said : “Therefore, Government has approved the following electricity tariff measures for immediate implementation: The electricity tariff for non-exporting businesses be increased from an average of ZWL9,86c/kWh to an average of ZWL45c/kWh (approximately USc5/kWh). The electricity tariff for domestic consumers be increased from an average of ZWL9,86c/kWh to an average of ZWL27c/kWh (approximately USc3/kWh), which is subsidised,” External link

herald Wednesday, August 7, 2019 3:07:00 AM EAT

Mthuli Ncube said : "The impact of weather goes beyond the vulnerable, it is affecting production in the manufacturing sector, agriculture and everywhere, and this is an impact again that was not anticipated," External link

voanews Tuesday, August 6, 2019 11:33:00 PM EAT

Mthuli Ncube said : "The impact of weather goes beyond the vulnerable, it is affecting production in the manufacturing sector, agriculture and everywhere, and this is an impact again that was not anticipated," External link

trust Tuesday, August 6, 2019 9:38:00 PM EAT

Mthuli Ncube said : "The impact of weather goes beyond the vulnerable, it is affecting production in the manufacturing sector, agriculture and everywhere, and this is an impact again that was not anticipated," External link

wsau Tuesday, August 6, 2019 8:23:00 PM EAT

Mthuli Ncube added : "For those of you who did some finance, the equilibrium price for a security is driven by returns on that security plus the risk premium. " External link

onlinenigeria Tuesday, August 6, 2019 7:34:00 PM EAT

Mthuli Ncube said : “Again, we have the Zupco programme in terms of mass urban transport system, a subsidy that is costing us $13 million per month. We are committed to subsidise the transport so that the vulnerable can get transport. Of course, we are now figuring out how to accelerate the expansion into rural expansion. When government does this kind of reform, it’s good that you provide social protection” External link

zimeye Tuesday, August 6, 2019 4:12:00 PM EAT

Mthuli Ncube added : "For those of you who did some finance, the equilibrium price for a security is driven by returns on that security plus the risk premium. " External link

bulawayo24 Tuesday, August 6, 2019 3:26:00 PM EAT

Mthuli Ncube said : “Again, we have the Zupco programme in terms of mass urban transport system, a subsidy that is costing us $13 million per month,” External link

newsday Tuesday, August 6, 2019 11:00:00 AM EAT

Mthuli Ncube said : “Also we are pretty aware that given the changes in the monetary regime and the inflation pick up, we need to cushion civil servants, including pensioners,” External link

newsday Tuesday, August 6, 2019 10:22:00 AM EAT

Mthuli Ncube said : "Owing to negative natural conditions, which badly affected a number of sectors particularly agriculture and power generation, coupled with inflationary pressures, foreign currency shortages and limited external financial support, the economy has faced major drawbacks to growth stimulation in the first half of 2019. " External link

bulawayo24 Tuesday, August 6, 2019 9:49:00 AM EAT

Mthuli Ncube said : "I did not tell you the figure during my budget presentation, but it's going to be minus 3 percent," External link

bulawayo24 Tuesday, August 6, 2019 9:49:00 AM EAT

Mthuli Ncube said : "The mining sector, the Government is doing a lot in driving that sector," External link

bulawayo24 Tuesday, August 6, 2019 9:49:00 AM EAT

Mthuli Ncube said : "We will ensure that only those who can payback will be targeted. We have a track record and we know who has been a good customer and we will target those farmers," External link

bulawayo24 Tuesday, August 6, 2019 9:49:00 AM EAT

Mthuli Ncube said : "Given this transition, Zimstat will defer publication of year-on-year inflation while building up data of prices in mono-currency for a period of 12 months to February 2020. Year-on-year inflation publication will therefore resume after February 2020, alongside with month-on-month inflation publication," External link

bulawayo24 Tuesday, August 6, 2019 9:49:00 AM EAT

Mthuli Ncube said : “Given this transition, Zimstat will defer publication of year-on-year inflation while building up data of prices in mono-currency for a period of 12 months to February 2020. Year-on-year inflation publication will therefore resume after February 2020, alongside with month-on-month inflation publication,” External link

zimeye Tuesday, August 6, 2019 5:33:00 AM EAT

Mthuli Ncube said : “Given this transition, Zimstat will defer publication of year-on-year inflation while building up data of prices in mono-currency for a period of 12 months to February 2020. Year-on-year inflation publication will therefore resume after February 2020, alongside with month-on-month inflation publication,” External link

herald Tuesday, August 6, 2019 2:39:00 AM EAT

Mthuli Ncube said : "The 2019 budget recognised the importance of transforming all governance systems which include, rule of law, freedoms of expression and association, respect for human and property rights, and zero tolerance to corruption, among others," External link

bulawayo24 Monday, August 5, 2019 3:39:00 PM EAT

Mthuli Ncube added : "The supplementary budget, therefore, proposes to make additional allocations of $125,5 million to the above institutions for purposes of enhancing their capacity in promoting good governance practices" External link

bulawayo24 Monday, August 5, 2019 3:39:00 PM EAT

Mthuli Ncube said : “The 2019 budget recognised the importance of transforming all governance systems which include, rule of law, freedoms of expression and association, respect for human and property rights, and zero tolerance to corruption, among others,” External link

newsday Monday, August 5, 2019 12:03:00 PM EAT

Mthuli Ncube added : “The supplementary budget, therefore, proposes to make additional allocations of $125,5 million to the above institutions for purposes of enhancing their capacity in promoting good governance practices” External link

newsday Monday, August 5, 2019 12:03:00 PM EAT

Mthuli Ncube said : “The Ministry of Health and Child Care has completed the tendering process for procurement of ambulances, and in this regard an amount of $68 million in additional funding is proposed to complete the procurement process that targets acquisition of 100 fully equipped ambulances,” External link

newsday Monday, August 5, 2019 12:03:00 PM EAT

Mthuli Ncube said : “With regards to central hospitals, refurbishment works for the medical gas reticulation system, theatres and incinerators at Mpilo and United Bulawayo Hospitals, have been completed. Following a fire outbreak which affected Mbuya Nehanda Maternity Hospital at Parirenyatwa Group of Hospitals in February 2019, refurbishment of wards and installation of new theatre equipment has been completed and the hospital is now fully operational,” External link

newsday Monday, August 5, 2019 12:03:00 PM EAT

Mthuli Ncube said : "The sunset close for ZAMCO has been initiated and it is now in the resolution and recovery phase of its operating cycle, where focus is on recovery strategies and collection from the borrowers. It has managed to recover 23,2% of its outstanding debt," "Total NPLs acquired by ZAMCO amounted to $1,13 billion while total resolved NPLs stood at $263,52 million and outstanding NPLs amounted to $870,7 million" External link

bulawayo24 Monday, August 5, 2019 10:03:00 AM EAT

Mthuli Ncube said : "The improvement in the NPLs ratio, was a result of some banking institutions enhancing their credit risk management practices and underwriting standards, notably loan origination, monitoring, collection and recoveries," External link

bulawayo24 Monday, August 5, 2019 10:03:00 AM EAT

Mthuli Ncube said : "Credit to the private sector was utilised for inventory build-up, 23,89%; consumer durables, 14,96%; fixed capital investment, 14,96%; and pre and post shipment financing, 2,17%. Other recurrent expenditures accounted for 39,03% of the total outstanding loans and advances," External link

bulawayo24 Monday, August 5, 2019 10:03:00 AM EAT

Mthuli Ncube said : “The sunset close for ZAMCO has been initiated and it is now in the resolution and recovery phase of its operating cycle, where focus is on recovery strategies and collection from the borrowers. It has managed to recover 23,2% of its outstanding debt,” “Total NPLs acquired by ZAMCO amounted to $1,13 billion while total resolved NPLs stood at $263,52 million and outstanding NPLs amounted to $870,7 million” External link

newsday Monday, August 5, 2019 6:10:00 AM EAT

Mthuli Ncube said : “The improvement in the NPLs ratio, was a result of some banking institutions enhancing their credit risk management practices and underwriting standards, notably loan origination, monitoring, collection and recoveries,” External link

newsday Monday, August 5, 2019 6:10:00 AM EAT

Mthuli Ncube said : “Credit to the private sector was utilised for inventory build-up, 23,89%; consumer durables, 14,96%; fixed capital investment, 14,96%; and pre and post shipment financing, 2,17%. Other recurrent expenditures accounted for 39,03% of the total outstanding loans and advances,” External link

newsday Monday, August 5, 2019 6:10:00 AM EAT

Mthuli Ncube said : “Tax will be exempted on the following transfer of funds: Transfer of funds for the purchase of tobacco by tobacco buying companies to auction floors; transfer of funds by contracting companies and auction floors to farmers for deliveries of tobacco; transfer of funds for the purchase of cotton by financiers to merchants; (and) transfer of funds by merchants to farmers for deliveries of cotton,” External link

newsday Monday, August 5, 2019 5:38:00 AM EAT

Mthuli Ncube said : “Mining remains our major source for export earnings, GDP and employment,” “During the first half of the year, the sector contributed US$1,3 billion, which is 68 percent of the total exports of US$1,9 billion” External link

herald Monday, August 5, 2019 3:42:00 AM EAT

Mthuli Ncube said : “These investments, will, however, take some time (up to 10 years of production) to give visible net benefits in view of long gestation periods for mining projects,” External link

herald Monday, August 5, 2019 3:42:00 AM EAT

Mthuli Ncube added : “A surplus of US$196 million was registered in the first quarter of 2019 compared to a deficit of US$491 million for the same period in 2018, constituting a major improvement in the current account,” External link

herald Monday, August 5, 2019 2:11:00 AM EAT

Mthuli Ncube said : “Beneficiaries of the programme will be selected based on their repayment track record and their delivery record to Cottco,” External link

herald Monday, August 5, 2019 2:11:00 AM EAT

Mthuli Ncube said : "It is, therefore, now time to really focus on production, productivity, growth, poverty reduction and development, given that the fiscal and monetary policy issues are under control," External link

bulawayo24 Sunday, August 4, 2019 12:42:00 PM EAT

Mthuli Ncube said : “However, cash-in and cash-out transactions conducted through mobile money transfer platforms do not fall within the above criterion hence the tax is not deductible,” External link

zimeye Saturday, August 3, 2019 6:47:00 PM EAT

Mthuli Ncube said : “I, therefore, propose to levy tax on the transfer of money from mobile money transfer agents to recipients,” External link

zimeye Saturday, August 3, 2019 6:47:00 PM EAT

Mthuli Ncube said : “It is therefore time to really focus on production, productivity, growth, poverty reduction and development, given that the fiscal and monetary policy issues are under control,” External link

zimeye Saturday, August 3, 2019 6:47:00 PM EAT

Mthuli Ncube said : "However, cash-in and cash-out transactions conducted through mobile money transfer platforms do not fall within the above criterion hence the tax is not deductible," External link

bulawayo24 Saturday, August 3, 2019 12:25:00 PM EAT

Mthuli Ncube said : "I, therefore, propose to levy tax on the transfer of money from mobile money transfer agents to recipients," External link

bulawayo24 Saturday, August 3, 2019 12:25:00 PM EAT

Mthuli Ncube said : "It is therefore time to really focus on production, productivity, growth, poverty reduction and development, given that the fiscal and monetary policy issues are under control," External link

bulawayo24 Saturday, August 3, 2019 12:25:00 PM EAT

Mthuli Ncube said : "A number of taxpayers deliberately delay remittance of tax to Government in order to fund their operations," External link

bulawayo24 Saturday, August 3, 2019 11:39:00 AM EAT

Mthuli Ncube said : "The prevailing inflationary environment is also imposing great hardships on vulnerable pensioners. Therefore, proposed adjustments in compensation of (Government) employees will also be cascaded to pensioners," External link

bulawayo24 Saturday, August 3, 2019 11:39:00 AM EAT

Mthuli Ncube told : "Zimbabwe's total debt stock is estimated at ZWL$66,8 billion as at the end of June," External link

bulawayo24 Friday, August 2, 2019 8:36:00 PM EAT

Mthuli Ncube said : "Consequently, adherence to sound fiscal and monetary policy reforms allowed containment of domestic debt stock which stood at ZWL$8,8 billion as at end June 2019, down from ZWL$9,5 billion as at December 31, 2018," External link

bulawayo24 Friday, August 2, 2019 8:36:00 PM EAT

Mthuli Ncube said : "This reflects a sharp contraction in imports through import management, against a moderate increase in exports in line with export promotion under implementation," External link

bulawayo24 Friday, August 2, 2019 8:36:00 PM EAT

Mthuli Ncube said : "The negative variance is a result of inescapable and unforeseen expenditures on both current and capital heads, arising from higher-than-anticipated inflation, exchange rate fluctuations, drought and the devastating Cyclone Idai," External link

bulawayo24 Friday, August 2, 2019 8:36:00 PM EAT

Mthuli Ncube said : "Accommodated critical inescapable expenditures were related to the following: cushioning allowance of ZW$63 million to civil servants that was paid from January to March; cost of living adjustment allowance (COLA) amounting to ZW$400 million implemented starting from April; implied pension review of ZW$62,1 million; Implied Nssa review of ZW$3,6 million; filling of critical posts requiring ZW$58 million; cyclone Idai mitigation, with ZW$61,8 million; subsidised mass public transport of ZW$30,9 million up to June; and social protection and infrastructural programmes," External link

bulawayo24 Friday, August 2, 2019 8:36:00 PM EAT

Mthuli Ncube told : “Zimbabwe’s total debt stock is estimated at ZWL$66,8 billion as at the end of June,” External link

theindependent Friday, August 2, 2019 4:57:00 PM EAT

Mthuli Ncube said : “Consequently, adherence to sound fiscal and monetary policy reforms allowed containment of domestic debt stock which stood at ZWL$8,8 billion as at end June 2019, down from ZWL$9,5 billion as at December 31, 2018,” External link

theindependent Friday, August 2, 2019 4:57:00 PM EAT

Mthuli Ncube said : “The change in currency regime from multicurrency to Zimbabwe dollar has definitely impacted on the base for calculation of CPI indices and hence inflation,” External link

theindependent Friday, August 2, 2019 4:57:00 PM EAT

Mthuli Ncube told : "Since the establishment of an inter-bank for foreign exchange rate, the local currency has lost value against major currencies. As at July 16, 2019, the local unit was trading at 8,8 to the United States dollar. Depreciation of the local unit against major currencies has increased the cost of goods and services, hence the current level of fees, levies and charges is no longer reflective of the cost of providing government services," External link

bulawayo24 Friday, August 2, 2019 10:31:00 AM EAT

Mthuli Ncube said : “The prevailing inflationary environment is also imposing great hardships on vulnerable pensioners. Therefore, proposed adjustments in compensation of (Government) employees will also be cascaded to pensioners,” External link

herald Friday, August 2, 2019 2:20:00 AM EAT

Mthuli Ncube said : “Agriculture growth is expected to contract by 15,8 percent in view of unfavourable 2018/19 weather conditions, exacerbated by the occurrence of Cyclone Idai, which destroyed crops, livestock, agricultural and other critical infrastructure in some parts of the country,” External link

herald Friday, August 2, 2019 2:20:00 AM EAT

Mthuli Ncube said : “Given this transition, Zimstat will defer publication of year-on-year inflation while building up data of prices in mono-currency for a period of 12 months to February 2020,” “This will ensure that we compare like with like in terms of currency regimes” External link

thezimbabwemail Friday, August 2, 2019 2:14:00 AM EAT

Mthuli Ncube told : "The revised 2019 GDP growth is expected to be negative," External link

4-traders Thursday, August 1, 2019 8:44:00 PM EAT

Mthuli Ncube said : "These are short term measures we are taking to ensure better supply of power with immediate effect," External link

4-traders Thursday, August 1, 2019 8:44:00 PM EAT

Mthuli Ncube said : “Resuscitation of the manufacturing sector is imperative and production and productivity is the cornerstone for growth of any economy,” External link

thezimbabwemail Tuesday, July 30, 2019 6:55:00 PM EAT

Mthuli Ncube said : "Resuscitation of the manufacturing sector is imperative and production and productivity is the cornerstone for growth of any economy," External link

bulawayo24 Tuesday, July 30, 2019 10:00:00 AM EAT

Mthuli Ncube said : "Where are they taking us to? 2008??? PAC please inform us about what is happening. Is it still price discovery? " External link

bulawayo24 Monday, July 29, 2019 5:21:00 PM EAT

Mthuli Ncube told : "Government is cognisant of numerous operational challenges industry is facing including shortages of electricity, fuel and foreign currency among others. In addition, we should be prepared to pay a fair price which definitely entails an upward review of current tariff regime," External link

bulawayo24 Monday, July 29, 2019 10:11:00 AM EAT

Mthuli Ncube said : “Of course, as all Zimbabweans know, it has not been all plain sailing. The inflationary pressures we have faced have caused uncertainty and pain, and we have made dealing with this our number one concern. To address this, we have pushed ahead in our efforts to narrow the fiscal deficit and slow down money supply growth, and we project inflation to slow down to below 10% by the end of the year,” External link

zimeye Thursday, July 25, 2019 1:15:00 AM EAT

Mthuli Ncube said : “As RDCs you look after 70 percent of the population and 90 percent of the projects are located in rural areas, so you are the implementers of this project,” “In fact, I am thinking of increasing the money, I have got a figure but I can’t tell you. I have to tell the President first” External link

thezimbabwemail Monday, July 22, 2019 2:10:00 AM EAT

Mthuli Ncube said : “Multiple quick win projects have been rolled all over the province and the construction of new clinics has already yielded results through local authorities,” External link

thezimbabwemail Monday, July 22, 2019 2:10:00 AM EAT

Mthuli Ncube said : "The country stands to benefit a lot in terms of employment, incomes and fiscal revenue, among others, by resuscitating a number of closed and distressed mines located in various parts of the country," External link

bulawayo24 Sunday, July 21, 2019 12:48:00 PM EAT

Mthuli Ncube said : "Prospects to maintain the average contribution to GDP have, however, been hampered by depressed international prices for other minerals and to some extent power, fuel and foreign currency shortages," External link

bulawayo24 Sunday, July 21, 2019 12:48:00 PM EAT

Mthuli Ncube added : "The sector has the potential to contribute much higher, more so, if leakages are minimised," External link

bulawayo24 Sunday, July 21, 2019 12:48:00 PM EAT

Mthuli Ncube said : “They were keeping it, to a point where right now they are still holding about $3,5 billion, it’s now higher with penalties reaching around $5 billion, so that was another gap,” External link

zimeye Friday, July 19, 2019 10:49:00 PM EAT

Mthuli Ncube said : “I think they have been patient enough,” External link

theindependent Friday, July 19, 2019 8:30:00 PM EAT

Mthuli Ncube said : “As Treasury, we will prioritise and ring fence disbursements under this provision in order to provide impetus to our decentralisation agenda,” External link

zbc Thursday, July 18, 2019 11:20:00 PM EAT

Mthuli Ncube said : “There is still hope that we can contain inflation and basically we are really confident in achieving such a motive for the development of this economy,” External link

zbc Thursday, July 18, 2019 2:14:00 PM EAT

Mthuli Ncube said : “SI 142 is an instrument introduced by the Government which declared that the sole currency for use within the Zimbabwe borders is the Zimbabwe dollar and eliminated multi-currency. This local currency is in the form of bond notes, coins and the RTGS dollar which is electronic money. Electronic version extends to EcoCash and other versions of mobile banking services and that is the essence of SI 142. You are allowed to keep your foreign currency in your pockets because it’s your money, but if you go to the shops change it to local currency. We introduced the mono currency because we realised that something was going wrong, people were demanding foreign currency yet we are in shortage of it. Using the US dollar did not solve our foreign currency shortage, but it caused further problems” External link

zimeye Wednesday, July 17, 2019 9:58:00 PM EAT

Mthuli Ncube said : "The mining sector, there is no reason why they shouldn't pay tariffs that are linked to the exchange rate because these are earners of the foreign currency in the first place," External link

bulawayo24 Monday, July 15, 2019 10:01:00 AM EAT

Mthuli Ncube said : "I have been in the past quoted as being unhappy about an automatic increase of the tariff, why? Because I wanted these three other things to be dealt with," "Let us understand the demand and supply of electricity, the internal issues in terms of the company and then we have done all of these issues, we can then say we still need to increase the tariff" External link

bulawayo24 Monday, July 15, 2019 10:01:00 AM EAT

Mthuli Ncube said : “We had a fiscal policy that was a risk to monetary policy and to the entire macroeconomic environment, but when I got in, we managed to put the fiscus under control, then I realised that we were walking on one leg,” “We also need the monetary policy, then we have a complete tool kit to also deal with the macro-economic environment. We have been on the journey towards currency reforms, we just didn’t tell you. We started on October 1 (last year)” External link

zimeye Monday, July 15, 2019 7:06:00 AM EAT

Mthuli Ncube said : “The President also gave similar signs, but of course you can’t negotiate a day when you introduce a new currency, you do it. If you start to negotiate, people take positions, they speculate and that is what we were also trying to deal with,” “So, we needed to restore the monetary policy as part of the tool kit. Look at what we did on the day the Zimbabwe dollar was introduced, we pushed up interests rates to about 50 percent overnight because I was aware and I even know a specific company that I would not mention where they would borrow RTGS at the interest rate of 12 percent and go into the parallel market and take the money” External link

zimeye Monday, July 15, 2019 7:06:00 AM EAT

Mthuli Ncube said : “We had a fiscal policy that was a risk to monetary policy and to the entire macroeconomic environment, but when I got in, we managed to put the fiscus under control, then I realised that we were walking on one leg,” “We also need the monetary policy, then we have a complete toolkit to also deal with the macro-economic environment. We have been on the journey towards currency reforms, we just didn’t tell you. We started on October 1 (last year)” External link

thezimbabwemail Monday, July 15, 2019 1:38:00 AM EAT

Mthuli Ncube said : “The President also gave similar signs, but of course you can’t negotiate a day when you introduce a new currency, you do it. If you start to negotiate, people take positions, they speculate and that is what we were also trying to deal with,” “So, we needed to restore the monetary policy as part of the toolkit. Look at what we did on the day the Zimbabwe dollar was introduced, we pushed up interests rates to about 50 percent overnight because I was aware and I even know a specific company that I would not mention where they would borrow RTGS at the interest rate of 12 percent and go into the parallel market and take the money” External link

thezimbabwemail Monday, July 15, 2019 1:38:00 AM EAT

Mthuli Ncube said : “The price of fuel is likely to go up. I think what will be ideal would be if the price of fuel is close to or equivalent to a US$1. If you look around the region, that’s the ideal. So we will also get there, but we won’t get there in a big bang; it has to be gradual, not a big bang as long as we hold the exchange rate,” External link

thestandard-zw Sunday, July 14, 2019 3:49:00 PM EAT

Mthuli Ncube said : "The price of fuel is likely to go up, I think what will be ideal is the price of fuel is close to or equivalent to a US$1. That's the ideal. If you look around the region, that's the ideal. So we will also get there, but we won't get there in a big bang. It has to be gradual, not a big bang as long as we hold the exchange rate," External link

onlinenigeria Sunday, July 14, 2019 1:28:00 AM EAT

Mthuli Ncube said : "The price of fuel is likely to go up, I think what will be ideal is the price of fuel is close to or equivalent to a US$1. That's the ideal. If you look around the region, that's the ideal. So we will also get there, but we won't get there in a big bang. It has to be gradual, not a big bang as long as we hold the exchange rate," External link

bulawayo24 Saturday, July 13, 2019 10:30:00 PM EAT

Mthuli Ncube said : "Seventy five percent of the population are youths and our task is to harness that demographic dividend like what has been done here at Tariro," External link

bulawayo24 Friday, July 12, 2019 10:45:00 AM EAT

Mthuli Ncube said : “We have 200 000 people in Hopley of which 65 000 are youths, and we have 21 percent involved in teenage pregnancies, 18 percent in child marriage; things that we want to put behind us and clearly this Tariro Centre is part of that process,” External link

herald Friday, July 12, 2019 3:35:00 AM EAT

Mthuli Ncube told : “I have a (wage increase) figure already, and I am just waiting to hear from the unions. We will be meeting them tomorrow to hear their figures,” External link

kenyastar Wednesday, July 10, 2019 3:39:00 PM EAT

Mthuli Ncube said : “The purpose of the auction was to test the market in terms of TB (Treasury Bill) appetite and to also enable us to work out a yield curve,” External link

EastAfrican Wednesday, July 10, 2019 1:40:00 PM EAT

Mthuli Ncube indiqué : "Avec les 15,7 millions de dollars que le gouvernement a promis pour l'épidémie de choléra, nous avons suspendu l'achat de véhicules pour les ministres et les membres du parlement afin d'avoir les moyens de lutter contre l'épidémie" External link

bbc-french-africa Wednesday, July 10, 2019 9:31:00 AM EAT

Mthuli Ncube said : “The first order of business is to clear the arrears then move on to phase two, which is the bilateral discussions with the Paris Club,” “If it works well in the first phase, it’s the same Paris partners who control those two big institutions, the same people. So if they accept supporting us on the same programme with the European Investment Bank, surely they will support us on the bilateral phase as well” External link

businessday Wednesday, July 10, 2019 5:22:00 AM EAT

Mthuli Ncube said : "The purpose of the auction was to test the market in terms of TB [Treasury Bill] appetite and to also enable us to work out a yield curve," External link

voanews Tuesday, July 9, 2019 11:19:00 PM EAT

Mthuli Ncube told : "He has to travel. We all have to travel. If we don't, we won't be playing the game. If I don't go to China, for instance, I can't close the deal over a phone from Harare. We have to meet the players and he has to be there. So, yes, there is a cost, but it's a necessary cost," External link

bulawayo24 Tuesday, July 9, 2019 8:40:00 PM EAT

Mthuli Ncube déclaré : "Vous voulez comparer le salaire au panier de devises. Alors, que faisons-nous à ce sujet? Nous allons avoir une allocation d'allègement et j'encourage les entreprises à faire de même pour protéger leurs employés. Nous n'avons pas encore bouclé les discussions, mais nous y travaillons " External link

infosplusgabon Tuesday, July 9, 2019 6:14:00 PM EAT

Mthuli Ncube told : “We will be meeting them tomorrow to hear their figures,” External link

premiumtimesng Tuesday, July 9, 2019 4:48:00 PM EAT

Mthuli Ncube told : “I have a (wage increase) figure already, and I am just waiting to hear from the unions. We will be meeting them tomorrow to hear their figures,” External link

standardmedia Tuesday, July 9, 2019 3:34:00 PM EAT

Mthuli Ncube said : "Re-dollarization required conversion of salaries to U.S. dollars. Given the tight fiscal space and that we do not print U.S. dollars, we would not be able to do that," "That is one of the reasons why we thought we should move faster on the introduction of the Zimbabwe dollar, not that it was not on the cards but we had to move faster" External link

newtimes-RW Tuesday, July 9, 2019 2:43:00 PM EAT

Mthuli Ncube said : “The litigations are misguided. All the actions we have taken are within the law. We consulted with the legal profession both within government and outside, verified that we were within the law. So I am not too sure if it is warranted to be heading for the courts to deal with SI 142, but if people want to do, then it’s their legal right,” External link

newsday Tuesday, July 9, 2019 2:13:00 PM EAT

Mthuli Ncube said : “You want to benchmark the salary against the basket of currencies. So what are we doing about that? We are going to have a cushioning allowance and here I encourage business to follow suit and cushion their employees. We have not concluded (discussions), but we are working on it,” External link

newsday Tuesday, July 9, 2019 2:13:00 PM EAT

Mthuli Ncube told : “He has to travel. We all have to travel. If we don’t, we won’t be playing the game. If I don’t go to China, for instance, I can’t close the deal over a phone from Harare. We have to meet the players and he has to be there. So, yes, there is a cost, but it’s a necessary cost,” External link

newsday Tuesday, July 9, 2019 2:13:00 PM EAT

Mthuli Ncube said : "I am sure there are a few civil servants in here who are saying now that you have introduced the Zimbabwe dollar, how about our salaries?" External link

bulawayo24 Tuesday, July 9, 2019 9:35:00 AM EAT

Mthuli Ncube said : “I am sure there are a few civil servants in here who are saying now that you have introduced the Zimbabwe dollar, how about our salaries?” External link

zimeye Tuesday, July 9, 2019 5:32:00 AM EAT

Mthuli Ncube said : “Re-dollarisation required conversion of salaries to US dollars. Given the tight fiscal space and that we do not print US dollars, we would not be able to do that,” “That is one of the reasons why we thought we should move faster on the introduction of the Zimbabwean dollar, not that it was not on the cards but we had to move faster” External link

herald Tuesday, July 9, 2019 2:28:00 AM EAT

Mthuli Ncube said : “In my view, in terms of macro-economic reforms, I think we are done now. In terms of fiscal, monetary reform, we will continue to fine-tune but we are done. I cannot think of any other major macro-economic reforms that are left,” External link

herald Tuesday, July 9, 2019 2:28:00 AM EAT

Mthuli Ncube said : “I am sure there are a few civil servants in here who are saying now that you have introduced the Zimbabwe dollar, how about our salaries?” External link

herald Tuesday, July 9, 2019 2:28:00 AM EAT

Mthuli Ncube told : “I have a (wage increase) figure already, and I am just waiting to hear from the unions. We will be meeting them tomorrow to hear their figures,” External link

zimeye Monday, July 8, 2019 9:28:00 PM EAT

Mthuli Ncube told : "I have a (wage increase) figure already, and I am just waiting to hear from the unions. We will be meeting them tomorrow to hear their figures," External link

4-traders Monday, July 8, 2019 1:19:00 PM EAT

Mthuli Ncube said : "The multi-currency system stifled growth as the country could not utilise monetary instruments to influence economic activity and gradually lost competitiveness compared to major trading partners," External link

bulawayo24 Monday, July 8, 2019 11:32:00 AM EAT

Mthuli Ncube said : "The intention was to strip the US dollar as a medium of exchange and serve more as a reserve currency. Simultaneously, the RTGS dollar was expected to assume all other functions of a domestic currency," External link

bulawayo24 Monday, July 8, 2019 11:32:00 AM EAT

Mthuli Ncube said : "There was therefore an urgent need for Zimbabwe to introduce its own fully-fledged currency and to formally end the multi-currency regime through the introduction of SI 142 of 2019, which was further operationalised by the Exchange Control Directive," External link

bulawayo24 Monday, July 8, 2019 11:32:00 AM EAT

Mthuli Ncube said : "Individuals shall continue to hold US dollars in their Nostro FCA as well as withdraw cash up to a daily limit of US$1 000 as was previously the case," External link

bulawayo24 Monday, July 8, 2019 11:32:00 AM EAT

Mthuli Ncube said : "All RTGS dollars representing the legacy debt shall be moved from commercial banks to the RBZ, which will reduce the amount of Zimbabwe dollars in circulation by about $1,2 billion, thus, strengthening the value of the Zimbabwean dollar. This is further going to be supported by the review of the overnight accommodation window, which has been pegged at 50 percent per annum," External link

bulawayo24 Monday, July 8, 2019 11:32:00 AM EAT

Mthuli Ncube said : "The multi-currency system stifled growth as the country could not utilise monetary instruments to influence economic activity and gradually lost competitiveness compared to major trading partners," External link

bulawayo24 Monday, July 8, 2019 10:25:00 AM EAT

Mthuli Ncube said : "The intention was to strip the US dollar as a medium of exchange and serve more as a reserve currency. Simultaneously, the RTGS dollar was expected to assume all other functions of a domestic currency," External link

bulawayo24 Monday, July 8, 2019 10:25:00 AM EAT

Mthuli Ncube said : "There was therefore an urgent need for Zimbabwe to introduce its own fully-fledged currency and to formally end the multi-currency regime through the introduction of SI 142 of 2019, which was further operationalised by the Exchange Control Directive," External link

bulawayo24 Monday, July 8, 2019 10:25:00 AM EAT

Mthuli Ncube said : "Individuals shall continue to hold US dollars in their Nostro FCA as well as withdraw cash up to a daily limit of US$1 000 as was previously the case," External link

bulawayo24 Monday, July 8, 2019 10:25:00 AM EAT

Mthuli Ncube said : "All RTGS dollars representing the legacy debt shall be moved from commercial banks to the RBZ, which will reduce the amount of Zimbabwe dollars in circulation by about $1,2 billion, thus, strengthening the value of the Zimbabwean dollar. This is further going to be supported by the review of the overnight accommodation window, which has been pegged at 50 percent per annum," External link

bulawayo24 Monday, July 8, 2019 10:25:00 AM EAT



Key Titles and Phrases Count Lang Last Seen
banker4.17%EN01/18/201718/01/2017
professor16.67%EN07/27/201627/07/2016
oxford university professor4.17%EN07/27/201627/07/2016
speaker2.08%EN07/06/201606/07/2016
economist58.33%EN06/29/201629/06/2016
vice-président de la bad6.25%FR11/04/201304/11/2013
chef de la banque africaine de développement6.25%FR09/30/201330/09/2013
chef2.08%FR12/06/201206/12/2012
Names Lang Count
Mthuli NcubeEN69.05%
Mthuli NcubeFR30.95%


 
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Monica Mutsvangwa said ( about Mthuli Ncube ) : "Cabinet considered and approved the Aid Coordination Policy as proposed by the Minister of Finance and Economic Development (Professor Mthuli Ncube). The policy emanated from a review of the Development Cooperation Policy and its accompanying Procedures Manual. " External link

bulawayo24 Friday, September 6, 2019 10:39:00 AM EAT

Clifford Hlatshwayo said ( about Mthuli Ncube ) : "Our councils did their budgets using the 1:1 rate of the Zimdollar against the United States dollar and now [Finance minister Mthuli] Ncube introduced something different from what was planned. This has hampered service delivery. That has affected councils and residents who can't even pay rates now. This economic challenge is affecting everyone and people can't even pay rents," External link

bulawayo24 Wednesday, September 4, 2019 11:36:00 AM EAT

Victor Matemadanda said ( about Mthuli Ncube ) : "Our Finance Minister Professor Mthuli Ncube comes from Lupane but people from this region do not see an opportunity in that. They would rather be mobilised by people from Harare to demonstrate against him," "They only see him as a Zanu-PF appointed Minister, which is unfortunate. There are many things which Government has done and is doing and people are not capitalising on that not because of their will but they're mobilised by foreign people to destroy themselves" External link

bulawayo24 Saturday, August 31, 2019 9:28:00 PM EAT

Tendai Biti said ( about Mthuli Ncube ) : "If the Finance minister is bringing in a brand new budget for 2019, then that would be acceptable, but this cannot be called a supplementary budget if the minister is adding money onto the original 2019 budget, which was in US dollars," "The point is that after introduction of SI 142 (2019), the US dollar was demonetised and we now have a new currency. On December 22, we passed a US dollar budget and so Ncube should come up with a new budget for 2019 in Zimbabwean dollars or go back to the original US dollar budget and convert it to Zimbabwean dollars at the interbank rate and then provide a supplementary budget" External link

bulawayo24 Friday, August 9, 2019 10:04:00 AM EAT

Temba Mliswa said ( about Mthuli Ncube ) : "Let us be very honest. There is the issue of the interbank rate which Ncube introduced, but the balance is not showing that it has changed to the interbank rate. For instance, we hear that MetBank has paid its debt to NSSA (National Social Security Authority) and I am saying they must pay at the interbank rate because they borrowed in US$," External link

bulawayo24 Friday, August 9, 2019 10:04:00 AM EAT

Edwin Mushoriwa said ( about Mthuli Ncube ) : "We thought the Finance minister was going to repent and withdraw the 2% transaction tax which he imposed on poor people. Uniformed forces are moving in torn uniforms because of Ncube's austerity measures and what the minister is doing is to suffocate every poor person except the bourgeoisie. The minister does not care for the people," External link

bulawayo24 Friday, August 9, 2019 10:04:00 AM EAT

Tendai Biti said ( about Mthuli Ncube ) : “If the Finance minister is bringing in a brand new budget for 2019, then that would be acceptable, but this cannot be called a supplementary budget if the minister is adding money onto the original 2019 budget, which was in US dollars,” “The point is that after introduction of SI 142 (2019), the US dollar was demonetised and we now have a new currency. On December 22, we passed a US dollar budget and so Ncube should come up with a new budget for 2019 in Zimbabwean dollars or go back to the original US dollar budget and convert it to Zimbabwean dollars at the interbank rate and then provide a supplementary budget” External link

newsday Friday, August 9, 2019 7:03:00 AM EAT

Temba Mliswa said ( about Mthuli Ncube ) : “Let us be very honest. There is the issue of the interbank rate which Ncube introduced, but the balance is not showing that it has changed to the interbank rate. For instance, we hear that MetBank has paid its debt to NSSA (National Social Security Authority) and I am saying they must pay at the interbank rate because they borrowed in US$,” External link

newsday Friday, August 9, 2019 7:03:00 AM EAT

Edwin Mushoriwa said ( about Mthuli Ncube ) : “We thought the Finance minister was going to repent and withdraw the 2% transaction tax which he imposed on poor people. Uniformed forces are moving in torn uniforms because of Ncube’s austerity measures and what the minister is doing is to suffocate every poor person except the bourgeoisie. The minister does not care for the people,” External link

newsday Friday, August 9, 2019 7:03:00 AM EAT

Temba Mliswa said ( about Mthuli Ncube ) : “But this government is spending so much money paying hotels, but none of these Members want to stay in hotels. If you calculate the amount of money you spend in hotels it is US$200 per day. The Meikles is paid in US dollars. Ncube is prepared to pay Meikles in US dollars. MPs can rent a one bedroom apartment for $500 and spend $500 on food and the rest goes into other issues,” External link

newsday Thursday, August 8, 2019 6:57:00 AM EAT

Tendai Biti said ( about Mthuli Ncube ) : "Ncube has unlawfully converted US$9 billion Treasury Bills (TBs) to $9 billion in breach of section 71 of the Constitution because TBs were never indexed in the Zimbabwe dollar. Ncube does not have power to suppress inflation figures or issue a directive to ZimStats (Zimbabwe National Statistical Agency) that they must suspend publishing inflation figures," External link

onlinenigeria Wednesday, August 7, 2019 8:19:00 PM EAT

Tendai Biti said ( about Mthuli Ncube ) : "Ncube has unlawfully converted US$9 billion Treasury Bills (TBs) to $9 billion in breach of section 71 of the Constitution because TBs were never indexed in the Zimbabwe dollar. Ncube does not have power to suppress inflation figures or issue a directive to ZimStats (Zimbabwe National Statistical Agency) that they must suspend publishing inflation figures," External link

bulawayo24 Wednesday, August 7, 2019 7:14:00 PM EAT

Tendai Biti said ( about Mthuli Ncube ) : “Ncube has unlawfully converted US$9 billion Treasury Bills (TBs) to $9 billion in breach of section 71 of the Constitution because TBs were never indexed in the Zimbabwe dollar. Ncube does not have power to suppress inflation figures or issue a directive to ZimStats (Zimbabwe National Statistical Agency) that they must suspend publishing inflation figures,” External link

thezimbabwemail Wednesday, August 7, 2019 1:52:00 PM EAT

Tendai Biti said ( about Mthuli Ncube ) : “Ncube has unlawfully converted US$9 billion Treasury Bills (TBs) to $9 billion in breach of section 71 of the Constitution because TBs were never indexed in the Zimbabwe dollar. Ncube does not have power to suppress inflation figures or issue a directive to ZimStats (Zimbabwe National Statistical Agency) that they must suspend publishing inflation figures,” External link

newsday Wednesday, August 7, 2019 11:36:00 AM EAT

Prosper Chitambira said ( about Mthuli Ncube ) : "It will have systemic knock on effect and this is not the last hike as the minister(Finance minister Mthuli Ncube) has said the fuel price will be increased gradually until it is line with regional prices. Inflation should reach 250% by the end of the year," External link

bulawayo24 Friday, July 26, 2019 12:31:00 PM EAT

Prosper Chitambira said ( about Mthuli Ncube ) : “It will have systemic knock on effect and this is not the last hike as the minister(Finance minister Mthuli Ncube) has said the fuel price will be increased gradually until it is line with regional prices. Inflation should reach 250% by the end of the year,” External link

theindependent Friday, July 26, 2019 10:33:00 AM EAT

AfricaBrief

Mthuli Ncube

Last updated on 2014-05-22T12:05+0300.

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Quotes... Extracted quotes from

Mthuli Ncube said : "We are still working on those facilities; it takes time. We are in the final stages now in terms of putting in place the right insurance and guarantee mechanisms. We are making progress towards finalising those facilities," External link

bulawayo24 Sunday, September 15, 2019 10:27:00 AM EAT

Mthuli Ncube said : “We are still working on those facilities; it takes time. We are in the final stages now in terms of putting in place the right insurance and guarantee mechanisms. We are making progress towards finalising those facilities,” External link

thezimbabwemail Sunday, September 15, 2019 3:18:00 AM EAT

Mthuli Ncube said : “And we have converted the RBZ overdraft into a long-term instrument, which is also very good because we can develop a bond market going forward. So things have gone very well on the fiscal consolidation front,” External link

thezimbabwemail Saturday, September 14, 2019 12:50:00 AM EAT

Mthuli Ncube said : “The SMP process will run until year end and the next review is in January 2020, but in the interim we will continue receiving reviews from them on how we are progressing,” External link

zimeye Friday, September 13, 2019 7:13:00 AM EAT

Mthuli Ncube said ( about Monetary Policy ) : "In terms of the Reserve Bank of Zimbabwe Act Section 29B, and in consultation with His Excellency, President E.D. Mnangagwa, I am pleased to announce the appointment of a Monetary Policy Committee of the Reserve Bank of Zimbabwe, with effect from 10 September 2019," External link

bulawayo24 Thursday, September 12, 2019 10:17:00 AM EAT

Mthuli Ncube said : “But then, the response of the economy (to reforms) usually takes longer,” “There is often an 18-month lag in terms of economic response to certain economic policy. So, citizens should be patient; we are on a reform agenda, the economy is in transition (and) we will get there” External link

herald Monday, September 9, 2019 3:24:00 AM EAT

Mthuli Ncube said : “has launched a political dialogue process that didn’t exist in the past,” External link

newsday Friday, September 6, 2019 7:42:00 AM EAT

Mthuli Ncube said : “the idea . . . would (be) we go into negotiations on how to clear the (World Bank and AfDB) arrears,” External link

newsday Friday, September 6, 2019 7:42:00 AM EAT

Mthuli Ncube said : “Without our own currency, we have had no control of monetary policy. We have had no mechanism to stimulate economic activity — not exports, nor foreign direct investment — or to deal with downturns in international markets. That is why the government must introduce its own new, and permanent, fiat currency,” “To be clear, at this time, in this year, any and every responsible Zimbabwean government would be doing the same as we are today. This is not a ‘political’ decision, therefore, but simple economic and geopolitical necessity. Zimbabwe’s recovery will still depend on export-led growth. Had the opposition been in office, they too would now be introducing a new currency — just the same — despite their present protestations to the contrary” External link

theindependent Thursday, September 5, 2019 5:06:00 PM EAT

Mthuli Ncube said : "has launched a political dialogue process that didn't exist in the past," External link

bulawayo24 Thursday, September 5, 2019 12:26:00 PM EAT

Mthuli Ncube said : "the idea… would (be) we go into negotiations on how to clear the (World Bank and AfDB) arrears," External link

bulawayo24 Thursday, September 5, 2019 12:26:00 PM EAT

Mthuli Ncube said : “has launched a political dialogue process that didn’t exist in the past,” External link

insiderzim Wednesday, September 4, 2019 11:38:00 PM EAT

Mthuli Ncube said : “the idea… would (be) we go into negotiations on how to clear the (World Bank and AfDB) arrears,” External link

insiderzim Wednesday, September 4, 2019 11:38:00 PM EAT

Mthuli Ncube said : “has launched a political dialogue process that didn’t exist in the past,” External link

thezimbabwemail Wednesday, September 4, 2019 7:38:00 PM EAT

Mthuli Ncube said : “the idea… would (be) we go into negotiations on how to clear the (World Bank and AfDB) arrears,” External link

thezimbabwemail Wednesday, September 4, 2019 7:38:00 PM EAT

Mthuli Ncube said : "has launched a political dialogue process that didn't exist in the past," External link

4-traders Wednesday, September 4, 2019 6:27:00 PM EAT

Mthuli Ncube said : "the idea... would (be) we go into negotiations on how to clear the (World Bank and AfDB) arrears," External link

4-traders Wednesday, September 4, 2019 6:27:00 PM EAT

Mthuli Ncube said : "has launched a political dialogue process that didn't exist in the past," External link

news-yahoo Wednesday, September 4, 2019 5:50:00 PM EAT

Mthuli Ncube said : "the idea... would (be) we go into negotiations on how to clear the (World Bank and AfDB) arrears," External link

news-yahoo Wednesday, September 4, 2019 5:50:00 PM EAT

Mthuli Ncube said : "has launched a political dialogue process that didn't exist in the past," External link

reuters-en Wednesday, September 4, 2019 5:48:00 PM EAT

Mthuli Ncube said : "the idea... would (be) we go into negotiations on how to clear the (World Bank and AfDB) arrears," External link

reuters-en Wednesday, September 4, 2019 5:48:00 PM EAT

Mthuli Ncube wrote : “As the former chief economist at the African Development Bank, I have witnessed the results of currency volatility across many contexts. I have seen what works — and the reverse. And that is why, in June of this year, the government made the RTGS — a quasi-currency that will act as a bridge to the introduction of a sovereign currency later this year — the sole legal tender in Zimbabwe,” “The Zimbabwe dollar, comprising RTGS and bond notes, is now the designated sole legal tender in Zimbabwe — pending the rollout of a fiat currency later in the year. Initially, the government introduced it alongside the other currencies, with the intention of it becoming the main currency of exchange in place of the dollar, which would primarily be used as a reserve of value” External link

zimeye Wednesday, September 4, 2019 12:48:00 PM EAT

Mthuli Ncube wrote : "As the former chief economist at the African Development Bank, I have witnessed the results of currency volatility across many contexts. I have seen what works — and the reverse. And that is why, in June of this year, the government made the RTGS — a quasi-currency that will act as a bridge to the introduction of a sovereign currency later this year — the sole legal tender in Zimbabwe," "The Zimbabwe dollar, comprising RTGS and bond notes, is now the designated sole legal tender in Zimbabwe — pending the rollout of a fiat currency later in the year. Initially, the government introduced it alongside the other currencies, with the intention of it becoming the main currency of exchange in place of the dollar, which would primarily be used as a reserve of value" External link

bulawayo24 Wednesday, September 4, 2019 11:36:00 AM EAT

Mthuli Ncube wrote : “As the former chief economist at the African Development Bank, I have witnessed the results of currency volatility across many contexts. I have seen what works — and the reverse. And that is why, in June of this year, the government made the RTGS — a quasi-currency that will act as a bridge to the introduction of a sovereign currency later this year — the sole legal tender in Zimbabwe,” “The Zimbabwe dollar, comprising RTGS and bond notes, is now the designated sole legal tender in Zimbabwe — pending the rollout of a fiat currency later in the year. Initially, the government introduced it alongside the other currencies, with the intention of it becoming the main currency of exchange in place of the dollar, which would primarily be used as a reserve of value” External link

newsday Wednesday, September 4, 2019 7:04:00 AM EAT

Mthuli Ncube said : "Consequently, adherence to sound fiscal and monetary policy reforms allowed containment of domestic debt stock which stood at ZWL$8,8 billion as at end June 2019, down from ZWL$9,5 billion as at December 31, 2018," External link

bulawayo24 Friday, August 30, 2019 11:13:00 PM EAT

Mthuli Ncube said : "Consequently, adherence to sound fiscal and monetary policy reforms allowed containment of domestic debt stock which stood at ZWL$8,8 billion as at end June 2019, down from ZWL$9,5 billion as at December 31, 2018," External link

bulawayo24 Friday, August 30, 2019 11:13:00 PM EAT

Mthuli Ncube said : "On processes like this, 25% of the budget goes directly to the provincial council and 75% goes directly to the rural district councils," "The legislation regarding the provincial councils' issues needs to be concluded, and it is a matter that is in hand and the process is under way, but an allocation has been made already. That allocation at provincial councils' level is about $114,4 million and the remainder out of the $703 million is then allocated at rural district level" External link

bulawayo24 Friday, August 30, 2019 11:13:00 AM EAT

Mthuli Ncube said : “On processes like this, 25% of the budget goes directly to the provincial council and 75% goes directly to the rural district councils,” “The legislation regarding the provincial councils’ issues needs to be concluded, and it is a matter that is in hand and the process is under way, but an allocation has been made already. That allocation at provincial councils’ level is about $114,4 million and the remainder out of the $703 million is then allocated at rural district level” External link

newsday Friday, August 30, 2019 5:07:00 AM EAT

Mthuli Ncube told : “We remain committed to current and future tax reforms geared at widening the tax base so that the tax burden is shared by all – including by the informal sector for that matter,” External link

herald Friday, August 30, 2019 2:51:00 AM EAT

Mthuli Ncube said : “The gesture symbolises the strong partnership and deep cooperation between Zimbabwe and its partners, in responding to emergency needs in the wake of the tropical cyclone which sadly caused loss of lives and livelihoods as well as damage to infrastructure,” External link

reliefWeb Wednesday, August 28, 2019 11:28:00 AM EAT

Mthuli Ncube said : “The DRC mission to Zimbabwe is taking place at a time when the country is in the midst of implementing key reforms necessary to achieve economic growth and development for the country,” External link

thezimbabwemail Friday, August 23, 2019 11:47:00 PM EAT

Mthuli Ncube déclaré : "La mission du CRD au Zimbabwe survient dans une période où le pays s'efforce de mettre en œuvre des réformes essentielles à sa croissance économique et à son développement" External link

french.china.org.cn Friday, August 23, 2019 12:32:00 AM EAT

Mthuli Ncube said : “The IMF has no concerns in us raising the wage ceiling for civil servants but it has simply reiterated the importance of not supporting that through borrowing otherwise the fund is fully supportive of our efforts to reform the economy,” External link

thezimbabwemail Thursday, August 22, 2019 10:57:00 PM EAT

Mthuli Ncube said : “The IMF has no concerns in us raising the wage ceiling for civil servants but it has simply reiterated the importance of not supporting that through borrowing otherwise the fund is fully supportive of our efforts to reform the economy,” External link

zbc Thursday, August 22, 2019 4:16:00 PM EAT

Mthuli Ncube said : “The IMF has no concerns in us raising the wage ceiling for civil servants but it has simply reiterated the importance of not supporting that through borrowing otherwise the Fund is fully supportive of our efforts to reform the economy,” External link

zbc Thursday, August 22, 2019 2:37:00 PM EAT

Mthuli Ncube said : “Owing to negative natural conditions, which badly affected a number of sectors, particularly agriculture and power generation, coupled with inflationary pressures, foreign currency shortages and limited external financial support, the economy has faced major drawbacks to growth stimulation in the first half of 2019,” “In view of the headwinds, the revised 2019 GDP growth is expected to be negative and even below the -2% projected under the SMP (Staff-Monitored Programme)” External link

theindependent Wednesday, August 21, 2019 8:49:00 PM EAT

Mthuli Ncube said : “We already have our own local currency, but this will be the first Zimbabwe dollar notes which will trade at parity to the bond notes,” External link

financialgazette Wednesday, August 21, 2019 4:41:00 PM EAT

Mthuli Ncube said : "We already have our own local currency, but this will be the first Zimbabwe dollar notes, which will trade at parity to the bond notes," External link

bulawayo24 Wednesday, August 21, 2019 10:13:00 AM EAT

Mthuli Ncube said : “What people are feeling is really wage compression and not hyperinflation. Prices adjusted instantly to the exchange rate, but wages have been too slow to catch up with the adjustment. The issue is about wage adjustment and I am a big champion of wage adjustment. The big macro-economic decisions should be complete by year-end. In December, everything stops in terms of the big decisions. Beyond that, we focus more on jobs, growth, productivity and development” External link

zimeye Tuesday, August 20, 2019 9:50:00 PM EAT

Mthuli Ncube said : “We already have our own local currency, but this will be the first Zimbabwe dollar notes which will trade at parity to the bond notes,” External link

thezimbabwemail Tuesday, August 20, 2019 1:37:00 PM EAT

Mthuli Ncube told : “The big macro-economic decisions should be complete by year-end,” External link

insiderzim Monday, August 19, 2019 5:33:00 PM EAT

Mthuli Ncube said : “We can declare victory on the fiscal front,” External link

insiderzim Sunday, August 18, 2019 9:35:00 PM EAT

Mthuli Ncube said : “Therefore, going forward, it is imperative that we pursue and further strengthen our fiscal and monetary policies and also remain responsible enough to ensure that factors such as wage increases and money supply remain under check…The supplementary budget proposes to accommodate all the above commitments, moving employment cost budget allocation from $4,1 billion to $5,9 billion” External link

newsday Sunday, August 18, 2019 8:14:00 PM EAT

Mthuli Ncube said : “Going forward, government is pursuing the establishment of a mass rapid transit system, which is a co-ordinated public transport network facilitated through railways and road transport for both urban and rural commuters. In that regard, appropriate investigations and studies are under way” External link

newsday Sunday, August 18, 2019 8:14:00 PM EAT

Mthuli Ncube said : "We can declare victory on the fiscal front," External link

bulawayo24 Saturday, August 17, 2019 1:29:00 PM EAT

Mthuli Ncube said : "I thank the Honourable Senator for those compliments, I agree with her that this is an important constituency within our community, within our population and we are grateful for their sacrifice, we would not all be here if it were not for them. Last week, we had a robust debate in the Lower House and I agreed to top up with an additional $15 million to the War Veterans Administration Fund to cater for health, school fees and other welfare issues," "An issue was raised around other benefits such as making sure that the war veterans can import vehicles duty free. We undertook that we will look into this matter and see how we can progress it, it is on the table. One thing that I was asked to investigate is how many war veterans are able in terms of their RTGS or Zimbabwe dollar resources import cars in the first place and then we work out if it is within our budgetary envelope in terms of the duties we will fore-go. So, we are amenable to receiving almost case by case application representations on this issue but we will continue to look at other ways to support our war veterans and find solutions" External link

bulawayo24 Saturday, August 17, 2019 10:15:00 AM EAT

Mthuli Ncube said : “We can declare victory on the fiscal front,” External link

businessday Friday, August 16, 2019 12:47:00 PM EAT

Mthuli Ncube told : "We are very serious about offshore financial centres in Zimbabwe to compete with Mauritius, Botswana and Kazakhstan. We want to target companies that are trying to invest in Africa, we want them to come through Zimbabwe as an offshore financial centre," External link

bulawayo24 Friday, August 16, 2019 12:30:00 PM EAT

Mthuli Ncube said : "Why am I optimistic about this? Because of the quality of the people in Zimbabwe, quality of personnel. Our financial sector, whatever you think, is well organised, it's in line with international standards," "We have got also the support of private sector institutions, the law society, the accountants to support the successful offshore financial service centres" External link

bulawayo24 Friday, August 16, 2019 12:30:00 PM EAT

Mthuli Ncube said : "Owing to negative natural conditions, which badly affected a number of sectors, particularly agriculture and power generation, coupled with inflationary pressures, foreign currency shortages and limited external financial support, the economy has faced major drawbacks to growth stimulation in the first half of 2019," "In view of the headwinds, the revised 2019 GDP growth is expected to be negative and even below the -2% projected under the SMP (Staff-Monitored Programme)" External link

bulawayo24 Friday, August 16, 2019 10:51:00 AM EAT

Mthuli Ncube said : “The purpose of the Finance Bill is to give effect to the Supplementary 2019 expenditures that were presented to the National Assembly,” External link

herald Friday, August 16, 2019 2:40:00 AM EAT

Mthuli Ncube said : “In the short term, the power supply deficit can be met only through power imports; hence it is urgent that the government capacitates Zesa [the Zimbabwe Electricity Supply Authority] to mobilise the requisite resources through appropriate [measures] and cost-recovery tariffs, implemented through a differentiated tariff scale,” External link

thezimbabwemail Thursday, August 15, 2019 2:24:00 PM EAT

Mthuli Ncube said : "I have only been a minister for one month. We need patience, we know what we are doing. What I can say to Zimbabweans is that they should give me six months to see the full impact of the changes from the policies that we have pursued. " External link

bulawayo24 Thursday, August 15, 2019 9:54:00 AM EAT

Mthuli Ncube responded : "When are you expecting a fully-fledged currency to be introduced?" External link

bulawayo24 Thursday, August 15, 2019 9:54:00 AM EAT

Mthuli Ncube said : "But do you know what has been happening, the cost of this US dollar drug is greening like mbanje so the doctors (local) were spending a lot of time acting as agents for hospital facilities in places like India and they earned a fee for that," "So, rather than treating here, they say go to India and of course you will get good treatment but they (local doctors) earned a fee for that. The whole referral industry was earning US dollars through referring patients to places like India and others. So using the US dollar also distorted the incentive system within the health sector and that's what happened" External link

bulawayo24 Wednesday, August 14, 2019 11:02:00 AM EAT

Mthuli Ncube said : “I’m happy to report that we have curtailed the issuance of TBs, we have only issued something in the order of $230 million just to manage cashflows, but also to test the market and I’m pleased that we are getting very good yields of well below 20%,” External link

newsday Wednesday, August 14, 2019 6:37:00 AM EAT

Mthuli Ncube said : “But do you know what has been happening, the cost of this US dollar drug is greening like mbanje so the doctors (local) were spending a lot of time acting as agents for hospital facilities in places like India and they earned a fee for that,” “So, rather than treating here, they say go to India and, of course, you will get good treatment but they (local doctors) earned a fee for that. The whole referral industry was earning US dollars through referring patients to places like India and others. So using the US dollar also distorted the incentive system within the health sector and that’s what happened” External link

herald Wednesday, August 14, 2019 2:54:00 AM EAT

Mthuli Ncube said : “But do you know what has been happening, the cost of this US dollar drug is greening like mbanje so the doctors (local) were spending a lot of time acting as agents for hospital facilities in places like India and they earned a fee for that,” “So, rather than treating here, they say go to India and of course you will get good treatment but they (local doctors) earned a fee for that. The whole referral industry was earning US dollars through referring patients to places like India and others. So using the US dollar also distorted the incentive system within the health sector and that’s what happened” External link

zimeye Wednesday, August 14, 2019 2:11:00 AM EAT

Mthuli Ncube said : “You know what has been happening because of this US dollar drug? What was happening is that the doctors were spending a lot of time acting as agents for hospital facilities based in India and they were earning a fee for it,” External link

newsday Monday, August 12, 2019 5:59:00 AM EAT

Mthuli Ncube said : “The selection of farmers will be done in a transparent way and measures will be put in place to recover all the loans,” External link

zimeye Sunday, August 11, 2019 7:02:00 AM EAT

Mthuli Ncube said : “I agree with you and as a gap in governance, we are doing something else. We are going to launch a government pension fund which will be even closer to what PIC is. In the last quarter, we will launch that” “It will be smaller and initially, we will grow it and then obviously we fund it in terms of the asset management aspect. Certainly, we won’t give it to Nssa. We will find someone else so that it becomes like PIC, but we are worried about Nssa doing the right things. Then the strategies of investment can reflect the strategies of government and nation in terms of where the investments are being targeted,” External link

newsday Saturday, August 10, 2019 12:25:00 PM EAT

Mthuli Ncube said : "We are certainly going in the right direction in terms of the macro-economic picture," External link

bulawayo24 Saturday, August 10, 2019 11:07:00 AM EAT

Mthuli Ncube said : "I am happy to report that we have curtailed issuance of Treasury Bills, we have only issued something in the order of $230 million just to manage cash flows but also to test the market," External link

bulawayo24 Saturday, August 10, 2019 11:07:00 AM EAT

Mthuli Ncube said : “You know what's has been happening because of this US$ drug. What was happening is that the doctors were spending a lot of time acting as agents for hospital facilities based in India and they were earning a fee for it,” External link

infosplusgabon Saturday, August 10, 2019 2:42:00 AM EAT

Mthuli Ncube said : “the majority of illegal foreign currency transactions are being conducted through this platform, thereby evading payment of tax and sustaining parallel market activities” External link

thezimbabwemail Saturday, August 10, 2019 12:51:00 AM EAT

Mthuli Ncube said : "Owing to negative natural conditions, which badly affected a number of sectors particularly agriculture and power generation, coupled with inflationary pressures, foreign currency shortages and limited external financial support, the economy has faced major drawbacks to growth stimulation in the first half of 2019," External link

bulawayo24 Friday, August 9, 2019 6:05:00 PM EAT

Mthuli Ncube said : "If this path is maintained, the RBZ would meet its reserve money growth target of 10 percent by year-end, that way anchoring inflationary pressures," External link

bulawayo24 Friday, August 9, 2019 10:49:00 AM EAT

Mthuli Ncube said : "Attainment of a fiscal surplus, combined with a current account balance during the first half of the year, constitutes a firm roadmap to confidence-building, much required by this economy. Furthermore, now that we have introduced our own currency, this has not only restored monetary policy, but also created scope for enhanced competitiveness of our exports," External link

bulawayo24 Friday, August 9, 2019 10:04:00 AM EAT

Mthuli Ncube said : “If this path is maintained, the RBZ would meet its reserve money growth target of 10 percent. by year-end, that way anchoring inflationary pressures,” External link

thezimbabwemail Friday, August 9, 2019 1:43:00 AM EAT

Mthuli Ncube said : "This will go a long way in assisting, not only the vulnerable, but every Zimbabwean in achieving a sustainable upper middle income status by 2030," External link

bulawayo24 Wednesday, August 7, 2019 12:06:00 PM EAT

Mthuli Ncube said : "Transporting wholesale goods (clothing, machinery, household goods) from Yiwu in Zhejiang province (China) to London by sea takes 40 days," "But since the Khorgos dry port became operational, the same journey by rail takes anywhere from 18 to 20 days. This is a huge increase in efficiency" External link

bulawayo24 Wednesday, August 7, 2019 12:06:00 PM EAT

Mthuli Ncube said : “Transporting wholesale goods (clothing, machinery, household goods) from Yiwu in Zhejiang province (China) to London by sea takes 40 days,” “But since the Khorgos dry port became operational, the same journey by rail takes anywhere from 18 to 20 days. This is a huge increase in efficiency” External link

newsday Wednesday, August 7, 2019 9:47:00 AM EAT

Mthuli Ncube said : “Therefore, Government has approved the following electricity tariff measures for immediate implementation: The electricity tariff for non-exporting businesses be increased from an average of ZWL9,86c/kWh to an average of ZWL45c/kWh (approximately USc5/kWh). The electricity tariff for domestic consumers be increased from an average of ZWL9,86c/kWh to an average of ZWL27c/kWh (approximately USc3/kWh), which is subsidised,” External link

herald Wednesday, August 7, 2019 3:07:00 AM EAT

Mthuli Ncube said : "The impact of weather goes beyond the vulnerable, it is affecting production in the manufacturing sector, agriculture and everywhere, and this is an impact again that was not anticipated," External link

voanews Tuesday, August 6, 2019 11:33:00 PM EAT

Mthuli Ncube said : "The impact of weather goes beyond the vulnerable, it is affecting production in the manufacturing sector, agriculture and everywhere, and this is an impact again that was not anticipated," External link

trust Tuesday, August 6, 2019 9:38:00 PM EAT

Mthuli Ncube said : "The impact of weather goes beyond the vulnerable, it is affecting production in the manufacturing sector, agriculture and everywhere, and this is an impact again that was not anticipated," External link

wsau Tuesday, August 6, 2019 8:23:00 PM EAT

Mthuli Ncube added : "For those of you who did some finance, the equilibrium price for a security is driven by returns on that security plus the risk premium. " External link

onlinenigeria Tuesday, August 6, 2019 7:34:00 PM EAT

Mthuli Ncube said : “Again, we have the Zupco programme in terms of mass urban transport system, a subsidy that is costing us $13 million per month. We are committed to subsidise the transport so that the vulnerable can get transport. Of course, we are now figuring out how to accelerate the expansion into rural expansion. When government does this kind of reform, it’s good that you provide social protection” External link

zimeye Tuesday, August 6, 2019 4:12:00 PM EAT

Mthuli Ncube added : "For those of you who did some finance, the equilibrium price for a security is driven by returns on that security plus the risk premium. " External link

bulawayo24 Tuesday, August 6, 2019 3:26:00 PM EAT

Mthuli Ncube said : “Again, we have the Zupco programme in terms of mass urban transport system, a subsidy that is costing us $13 million per month,” External link

newsday Tuesday, August 6, 2019 11:00:00 AM EAT

Mthuli Ncube said : “Also we are pretty aware that given the changes in the monetary regime and the inflation pick up, we need to cushion civil servants, including pensioners,” External link

newsday Tuesday, August 6, 2019 10:22:00 AM EAT

Mthuli Ncube said : "Owing to negative natural conditions, which badly affected a number of sectors particularly agriculture and power generation, coupled with inflationary pressures, foreign currency shortages and limited external financial support, the economy has faced major drawbacks to growth stimulation in the first half of 2019. " External link

bulawayo24 Tuesday, August 6, 2019 9:49:00 AM EAT

Mthuli Ncube said : "I did not tell you the figure during my budget presentation, but it's going to be minus 3 percent," External link

bulawayo24 Tuesday, August 6, 2019 9:49:00 AM EAT

Mthuli Ncube said : "The mining sector, the Government is doing a lot in driving that sector," External link

bulawayo24 Tuesday, August 6, 2019 9:49:00 AM EAT

Mthuli Ncube said : "We will ensure that only those who can payback will be targeted. We have a track record and we know who has been a good customer and we will target those farmers," External link

bulawayo24 Tuesday, August 6, 2019 9:49:00 AM EAT

Mthuli Ncube said : "Given this transition, Zimstat will defer publication of year-on-year inflation while building up data of prices in mono-currency for a period of 12 months to February 2020. Year-on-year inflation publication will therefore resume after February 2020, alongside with month-on-month inflation publication," External link

bulawayo24 Tuesday, August 6, 2019 9:49:00 AM EAT

Mthuli Ncube said : “Given this transition, Zimstat will defer publication of year-on-year inflation while building up data of prices in mono-currency for a period of 12 months to February 2020. Year-on-year inflation publication will therefore resume after February 2020, alongside with month-on-month inflation publication,” External link

zimeye Tuesday, August 6, 2019 5:33:00 AM EAT

Mthuli Ncube said : “Given this transition, Zimstat will defer publication of year-on-year inflation while building up data of prices in mono-currency for a period of 12 months to February 2020. Year-on-year inflation publication will therefore resume after February 2020, alongside with month-on-month inflation publication,” External link

herald Tuesday, August 6, 2019 2:39:00 AM EAT

Mthuli Ncube said : "The 2019 budget recognised the importance of transforming all governance systems which include, rule of law, freedoms of expression and association, respect for human and property rights, and zero tolerance to corruption, among others," External link

bulawayo24 Monday, August 5, 2019 3:39:00 PM EAT

Mthuli Ncube added : "The supplementary budget, therefore, proposes to make additional allocations of $125,5 million to the above institutions for purposes of enhancing their capacity in promoting good governance practices" External link

bulawayo24 Monday, August 5, 2019 3:39:00 PM EAT

Mthuli Ncube said : “The 2019 budget recognised the importance of transforming all governance systems which include, rule of law, freedoms of expression and association, respect for human and property rights, and zero tolerance to corruption, among others,” External link

newsday Monday, August 5, 2019 12:03:00 PM EAT

Mthuli Ncube added : “The supplementary budget, therefore, proposes to make additional allocations of $125,5 million to the above institutions for purposes of enhancing their capacity in promoting good governance practices” External link

newsday Monday, August 5, 2019 12:03:00 PM EAT

Mthuli Ncube said : “The Ministry of Health and Child Care has completed the tendering process for procurement of ambulances, and in this regard an amount of $68 million in additional funding is proposed to complete the procurement process that targets acquisition of 100 fully equipped ambulances,” External link

newsday Monday, August 5, 2019 12:03:00 PM EAT

Mthuli Ncube said : “With regards to central hospitals, refurbishment works for the medical gas reticulation system, theatres and incinerators at Mpilo and United Bulawayo Hospitals, have been completed. Following a fire outbreak which affected Mbuya Nehanda Maternity Hospital at Parirenyatwa Group of Hospitals in February 2019, refurbishment of wards and installation of new theatre equipment has been completed and the hospital is now fully operational,” External link

newsday Monday, August 5, 2019 12:03:00 PM EAT

Mthuli Ncube said : "The sunset close for ZAMCO has been initiated and it is now in the resolution and recovery phase of its operating cycle, where focus is on recovery strategies and collection from the borrowers. It has managed to recover 23,2% of its outstanding debt," "Total NPLs acquired by ZAMCO amounted to $1,13 billion while total resolved NPLs stood at $263,52 million and outstanding NPLs amounted to $870,7 million" External link

bulawayo24 Monday, August 5, 2019 10:03:00 AM EAT

Mthuli Ncube said : "The improvement in the NPLs ratio, was a result of some banking institutions enhancing their credit risk management practices and underwriting standards, notably loan origination, monitoring, collection and recoveries," External link

bulawayo24 Monday, August 5, 2019 10:03:00 AM EAT

Mthuli Ncube said : "Credit to the private sector was utilised for inventory build-up, 23,89%; consumer durables, 14,96%; fixed capital investment, 14,96%; and pre and post shipment financing, 2,17%. Other recurrent expenditures accounted for 39,03% of the total outstanding loans and advances," External link

bulawayo24 Monday, August 5, 2019 10:03:00 AM EAT

Mthuli Ncube said : “The sunset close for ZAMCO has been initiated and it is now in the resolution and recovery phase of its operating cycle, where focus is on recovery strategies and collection from the borrowers. It has managed to recover 23,2% of its outstanding debt,” “Total NPLs acquired by ZAMCO amounted to $1,13 billion while total resolved NPLs stood at $263,52 million and outstanding NPLs amounted to $870,7 million” External link

newsday Monday, August 5, 2019 6:10:00 AM EAT

Mthuli Ncube said : “The improvement in the NPLs ratio, was a result of some banking institutions enhancing their credit risk management practices and underwriting standards, notably loan origination, monitoring, collection and recoveries,” External link

newsday Monday, August 5, 2019 6:10:00 AM EAT

Mthuli Ncube said : “Credit to the private sector was utilised for inventory build-up, 23,89%; consumer durables, 14,96%; fixed capital investment, 14,96%; and pre and post shipment financing, 2,17%. Other recurrent expenditures accounted for 39,03% of the total outstanding loans and advances,” External link

newsday Monday, August 5, 2019 6:10:00 AM EAT

Mthuli Ncube said : “Tax will be exempted on the following transfer of funds: Transfer of funds for the purchase of tobacco by tobacco buying companies to auction floors; transfer of funds by contracting companies and auction floors to farmers for deliveries of tobacco; transfer of funds for the purchase of cotton by financiers to merchants; (and) transfer of funds by merchants to farmers for deliveries of cotton,” External link

newsday Monday, August 5, 2019 5:38:00 AM EAT

Mthuli Ncube said : “Mining remains our major source for export earnings, GDP and employment,” “During the first half of the year, the sector contributed US$1,3 billion, which is 68 percent of the total exports of US$1,9 billion” External link

herald Monday, August 5, 2019 3:42:00 AM EAT

Mthuli Ncube said : “These investments, will, however, take some time (up to 10 years of production) to give visible net benefits in view of long gestation periods for mining projects,” External link

herald Monday, August 5, 2019 3:42:00 AM EAT

Mthuli Ncube added : “A surplus of US$196 million was registered in the first quarter of 2019 compared to a deficit of US$491 million for the same period in 2018, constituting a major improvement in the current account,” External link

herald Monday, August 5, 2019 2:11:00 AM EAT

Mthuli Ncube said : “Beneficiaries of the programme will be selected based on their repayment track record and their delivery record to Cottco,” External link

herald Monday, August 5, 2019 2:11:00 AM EAT

Mthuli Ncube said : "It is, therefore, now time to really focus on production, productivity, growth, poverty reduction and development, given that the fiscal and monetary policy issues are under control," External link

bulawayo24 Sunday, August 4, 2019 12:42:00 PM EAT

Mthuli Ncube said : “However, cash-in and cash-out transactions conducted through mobile money transfer platforms do not fall within the above criterion hence the tax is not deductible,” External link

zimeye Saturday, August 3, 2019 6:47:00 PM EAT

Mthuli Ncube said : “I, therefore, propose to levy tax on the transfer of money from mobile money transfer agents to recipients,” External link

zimeye Saturday, August 3, 2019 6:47:00 PM EAT

Mthuli Ncube said : “It is therefore time to really focus on production, productivity, growth, poverty reduction and development, given that the fiscal and monetary policy issues are under control,” External link

zimeye Saturday, August 3, 2019 6:47:00 PM EAT

Mthuli Ncube said : "However, cash-in and cash-out transactions conducted through mobile money transfer platforms do not fall within the above criterion hence the tax is not deductible," External link

bulawayo24 Saturday, August 3, 2019 12:25:00 PM EAT

Mthuli Ncube said : "I, therefore, propose to levy tax on the transfer of money from mobile money transfer agents to recipients," External link

bulawayo24 Saturday, August 3, 2019 12:25:00 PM EAT

Mthuli Ncube said : "It is therefore time to really focus on production, productivity, growth, poverty reduction and development, given that the fiscal and monetary policy issues are under control," External link

bulawayo24 Saturday, August 3, 2019 12:25:00 PM EAT

Mthuli Ncube said : "A number of taxpayers deliberately delay remittance of tax to Government in order to fund their operations," External link

bulawayo24 Saturday, August 3, 2019 11:39:00 AM EAT

Mthuli Ncube said : "The prevailing inflationary environment is also imposing great hardships on vulnerable pensioners. Therefore, proposed adjustments in compensation of (Government) employees will also be cascaded to pensioners," External link

bulawayo24 Saturday, August 3, 2019 11:39:00 AM EAT

Mthuli Ncube told : "Zimbabwe's total debt stock is estimated at ZWL$66,8 billion as at the end of June," External link

bulawayo24 Friday, August 2, 2019 8:36:00 PM EAT

Mthuli Ncube said : "Consequently, adherence to sound fiscal and monetary policy reforms allowed containment of domestic debt stock which stood at ZWL$8,8 billion as at end June 2019, down from ZWL$9,5 billion as at December 31, 2018," External link

bulawayo24 Friday, August 2, 2019 8:36:00 PM EAT

Mthuli Ncube said : "This reflects a sharp contraction in imports through import management, against a moderate increase in exports in line with export promotion under implementation," External link

bulawayo24 Friday, August 2, 2019 8:36:00 PM EAT

Mthuli Ncube said : "The negative variance is a result of inescapable and unforeseen expenditures on both current and capital heads, arising from higher-than-anticipated inflation, exchange rate fluctuations, drought and the devastating Cyclone Idai," External link

bulawayo24 Friday, August 2, 2019 8:36:00 PM EAT

Mthuli Ncube said : "Accommodated critical inescapable expenditures were related to the following: cushioning allowance of ZW$63 million to civil servants that was paid from January to March; cost of living adjustment allowance (COLA) amounting to ZW$400 million implemented starting from April; implied pension review of ZW$62,1 million; Implied Nssa review of ZW$3,6 million; filling of critical posts requiring ZW$58 million; cyclone Idai mitigation, with ZW$61,8 million; subsidised mass public transport of ZW$30,9 million up to June; and social protection and infrastructural programmes," External link

bulawayo24 Friday, August 2, 2019 8:36:00 PM EAT

Mthuli Ncube told : “Zimbabwe’s total debt stock is estimated at ZWL$66,8 billion as at the end of June,” External link

theindependent Friday, August 2, 2019 4:57:00 PM EAT

Mthuli Ncube said : “Consequently, adherence to sound fiscal and monetary policy reforms allowed containment of domestic debt stock which stood at ZWL$8,8 billion as at end June 2019, down from ZWL$9,5 billion as at December 31, 2018,” External link

theindependent Friday, August 2, 2019 4:57:00 PM EAT

Mthuli Ncube said : “The change in currency regime from multicurrency to Zimbabwe dollar has definitely impacted on the base for calculation of CPI indices and hence inflation,” External link

theindependent Friday, August 2, 2019 4:57:00 PM EAT

Mthuli Ncube told : "Since the establishment of an inter-bank for foreign exchange rate, the local currency has lost value against major currencies. As at July 16, 2019, the local unit was trading at 8,8 to the United States dollar. Depreciation of the local unit against major currencies has increased the cost of goods and services, hence the current level of fees, levies and charges is no longer reflective of the cost of providing government services," External link

bulawayo24 Friday, August 2, 2019 10:31:00 AM EAT

Mthuli Ncube said : “The prevailing inflationary environment is also imposing great hardships on vulnerable pensioners. Therefore, proposed adjustments in compensation of (Government) employees will also be cascaded to pensioners,” External link

herald Friday, August 2, 2019 2:20:00 AM EAT

Mthuli Ncube said : “Agriculture growth is expected to contract by 15,8 percent in view of unfavourable 2018/19 weather conditions, exacerbated by the occurrence of Cyclone Idai, which destroyed crops, livestock, agricultural and other critical infrastructure in some parts of the country,” External link

herald Friday, August 2, 2019 2:20:00 AM EAT

Mthuli Ncube said : “Given this transition, Zimstat will defer publication of year-on-year inflation while building up data of prices in mono-currency for a period of 12 months to February 2020,” “This will ensure that we compare like with like in terms of currency regimes” External link

thezimbabwemail Friday, August 2, 2019 2:14:00 AM EAT

Mthuli Ncube told : "The revised 2019 GDP growth is expected to be negative," External link

4-traders Thursday, August 1, 2019 8:44:00 PM EAT

Mthuli Ncube said : "These are short term measures we are taking to ensure better supply of power with immediate effect," External link

4-traders Thursday, August 1, 2019 8:44:00 PM EAT

Mthuli Ncube said : “Resuscitation of the manufacturing sector is imperative and production and productivity is the cornerstone for growth of any economy,” External link

thezimbabwemail Tuesday, July 30, 2019 6:55:00 PM EAT

Mthuli Ncube said : "Resuscitation of the manufacturing sector is imperative and production and productivity is the cornerstone for growth of any economy," External link

bulawayo24 Tuesday, July 30, 2019 10:00:00 AM EAT

Mthuli Ncube said : "Where are they taking us to? 2008??? PAC please inform us about what is happening. Is it still price discovery? " External link

bulawayo24 Monday, July 29, 2019 5:21:00 PM EAT

Mthuli Ncube told : "Government is cognisant of numerous operational challenges industry is facing including shortages of electricity, fuel and foreign currency among others. In addition, we should be prepared to pay a fair price which definitely entails an upward review of current tariff regime," External link

bulawayo24 Monday, July 29, 2019 10:11:00 AM EAT

Mthuli Ncube said : “Of course, as all Zimbabweans know, it has not been all plain sailing. The inflationary pressures we have faced have caused uncertainty and pain, and we have made dealing with this our number one concern. To address this, we have pushed ahead in our efforts to narrow the fiscal deficit and slow down money supply growth, and we project inflation to slow down to below 10% by the end of the year,” External link

zimeye Thursday, July 25, 2019 1:15:00 AM EAT

Mthuli Ncube said : “As RDCs you look after 70 percent of the population and 90 percent of the projects are located in rural areas, so you are the implementers of this project,” “In fact, I am thinking of increasing the money, I have got a figure but I can’t tell you. I have to tell the President first” External link

thezimbabwemail Monday, July 22, 2019 2:10:00 AM EAT

Mthuli Ncube said : “Multiple quick win projects have been rolled all over the province and the construction of new clinics has already yielded results through local authorities,” External link

thezimbabwemail Monday, July 22, 2019 2:10:00 AM EAT

Mthuli Ncube said : "The country stands to benefit a lot in terms of employment, incomes and fiscal revenue, among others, by resuscitating a number of closed and distressed mines located in various parts of the country," External link

bulawayo24 Sunday, July 21, 2019 12:48:00 PM EAT

Mthuli Ncube said : "Prospects to maintain the average contribution to GDP have, however, been hampered by depressed international prices for other minerals and to some extent power, fuel and foreign currency shortages," External link

bulawayo24 Sunday, July 21, 2019 12:48:00 PM EAT

Mthuli Ncube added : "The sector has the potential to contribute much higher, more so, if leakages are minimised," External link

bulawayo24 Sunday, July 21, 2019 12:48:00 PM EAT

Mthuli Ncube said : “They were keeping it, to a point where right now they are still holding about $3,5 billion, it’s now higher with penalties reaching around $5 billion, so that was another gap,” External link

zimeye Friday, July 19, 2019 10:49:00 PM EAT

Mthuli Ncube said : “I think they have been patient enough,” External link

theindependent Friday, July 19, 2019 8:30:00 PM EAT

Mthuli Ncube said : “As Treasury, we will prioritise and ring fence disbursements under this provision in order to provide impetus to our decentralisation agenda,” External link

zbc Thursday, July 18, 2019 11:20:00 PM EAT

Mthuli Ncube said : “There is still hope that we can contain inflation and basically we are really confident in achieving such a motive for the development of this economy,” External link

zbc Thursday, July 18, 2019 2:14:00 PM EAT

Mthuli Ncube said : “SI 142 is an instrument introduced by the Government which declared that the sole currency for use within the Zimbabwe borders is the Zimbabwe dollar and eliminated multi-currency. This local currency is in the form of bond notes, coins and the RTGS dollar which is electronic money. Electronic version extends to EcoCash and other versions of mobile banking services and that is the essence of SI 142. You are allowed to keep your foreign currency in your pockets because it’s your money, but if you go to the shops change it to local currency. We introduced the mono currency because we realised that something was going wrong, people were demanding foreign currency yet we are in shortage of it. Using the US dollar did not solve our foreign currency shortage, but it caused further problems” External link

zimeye Wednesday, July 17, 2019 9:58:00 PM EAT

Mthuli Ncube said : "The mining sector, there is no reason why they shouldn't pay tariffs that are linked to the exchange rate because these are earners of the foreign currency in the first place," External link

bulawayo24 Monday, July 15, 2019 10:01:00 AM EAT

Mthuli Ncube said : "I have been in the past quoted as being unhappy about an automatic increase of the tariff, why? Because I wanted these three other things to be dealt with," "Let us understand the demand and supply of electricity, the internal issues in terms of the company and then we have done all of these issues, we can then say we still need to increase the tariff" External link

bulawayo24 Monday, July 15, 2019 10:01:00 AM EAT

Mthuli Ncube said : “We had a fiscal policy that was a risk to monetary policy and to the entire macroeconomic environment, but when I got in, we managed to put the fiscus under control, then I realised that we were walking on one leg,” “We also need the monetary policy, then we have a complete tool kit to also deal with the macro-economic environment. We have been on the journey towards currency reforms, we just didn’t tell you. We started on October 1 (last year)” External link

zimeye Monday, July 15, 2019 7:06:00 AM EAT

Mthuli Ncube said : “The President also gave similar signs, but of course you can’t negotiate a day when you introduce a new currency, you do it. If you start to negotiate, people take positions, they speculate and that is what we were also trying to deal with,” “So, we needed to restore the monetary policy as part of the tool kit. Look at what we did on the day the Zimbabwe dollar was introduced, we pushed up interests rates to about 50 percent overnight because I was aware and I even know a specific company that I would not mention where they would borrow RTGS at the interest rate of 12 percent and go into the parallel market and take the money” External link

zimeye Monday, July 15, 2019 7:06:00 AM EAT

Mthuli Ncube said : “We had a fiscal policy that was a risk to monetary policy and to the entire macroeconomic environment, but when I got in, we managed to put the fiscus under control, then I realised that we were walking on one leg,” “We also need the monetary policy, then we have a complete toolkit to also deal with the macro-economic environment. We have been on the journey towards currency reforms, we just didn’t tell you. We started on October 1 (last year)” External link

thezimbabwemail Monday, July 15, 2019 1:38:00 AM EAT

Mthuli Ncube said : “The President also gave similar signs, but of course you can’t negotiate a day when you introduce a new currency, you do it. If you start to negotiate, people take positions, they speculate and that is what we were also trying to deal with,” “So, we needed to restore the monetary policy as part of the toolkit. Look at what we did on the day the Zimbabwe dollar was introduced, we pushed up interests rates to about 50 percent overnight because I was aware and I even know a specific company that I would not mention where they would borrow RTGS at the interest rate of 12 percent and go into the parallel market and take the money” External link

thezimbabwemail Monday, July 15, 2019 1:38:00 AM EAT

Mthuli Ncube said : “The price of fuel is likely to go up. I think what will be ideal would be if the price of fuel is close to or equivalent to a US$1. If you look around the region, that’s the ideal. So we will also get there, but we won’t get there in a big bang; it has to be gradual, not a big bang as long as we hold the exchange rate,” External link

thestandard-zw Sunday, July 14, 2019 3:49:00 PM EAT

Mthuli Ncube said : "The price of fuel is likely to go up, I think what will be ideal is the price of fuel is close to or equivalent to a US$1. That's the ideal. If you look around the region, that's the ideal. So we will also get there, but we won't get there in a big bang. It has to be gradual, not a big bang as long as we hold the exchange rate," External link

onlinenigeria Sunday, July 14, 2019 1:28:00 AM EAT

Mthuli Ncube said : "The price of fuel is likely to go up, I think what will be ideal is the price of fuel is close to or equivalent to a US$1. That's the ideal. If you look around the region, that's the ideal. So we will also get there, but we won't get there in a big bang. It has to be gradual, not a big bang as long as we hold the exchange rate," External link

bulawayo24 Saturday, July 13, 2019 10:30:00 PM EAT

Mthuli Ncube said : "Seventy five percent of the population are youths and our task is to harness that demographic dividend like what has been done here at Tariro," External link

bulawayo24 Friday, July 12, 2019 10:45:00 AM EAT

Mthuli Ncube said : “We have 200 000 people in Hopley of which 65 000 are youths, and we have 21 percent involved in teenage pregnancies, 18 percent in child marriage; things that we want to put behind us and clearly this Tariro Centre is part of that process,” External link

herald Friday, July 12, 2019 3:35:00 AM EAT

Mthuli Ncube told : “I have a (wage increase) figure already, and I am just waiting to hear from the unions. We will be meeting them tomorrow to hear their figures,” External link

kenyastar Wednesday, July 10, 2019 3:39:00 PM EAT

Mthuli Ncube said : “The purpose of the auction was to test the market in terms of TB (Treasury Bill) appetite and to also enable us to work out a yield curve,” External link

EastAfrican Wednesday, July 10, 2019 1:40:00 PM EAT

Mthuli Ncube indiqué : "Avec les 15,7 millions de dollars que le gouvernement a promis pour l'épidémie de choléra, nous avons suspendu l'achat de véhicules pour les ministres et les membres du parlement afin d'avoir les moyens de lutter contre l'épidémie" External link

bbc-french-africa Wednesday, July 10, 2019 9:31:00 AM EAT

Mthuli Ncube said : “The first order of business is to clear the arrears then move on to phase two, which is the bilateral discussions with the Paris Club,” “If it works well in the first phase, it’s the same Paris partners who control those two big institutions, the same people. So if they accept supporting us on the same programme with the European Investment Bank, surely they will support us on the bilateral phase as well” External link

businessday Wednesday, July 10, 2019 5:22:00 AM EAT

Mthuli Ncube said : "The purpose of the auction was to test the market in terms of TB [Treasury Bill] appetite and to also enable us to work out a yield curve," External link

voanews Tuesday, July 9, 2019 11:19:00 PM EAT

Mthuli Ncube told : "He has to travel. We all have to travel. If we don't, we won't be playing the game. If I don't go to China, for instance, I can't close the deal over a phone from Harare. We have to meet the players and he has to be there. So, yes, there is a cost, but it's a necessary cost," External link

bulawayo24 Tuesday, July 9, 2019 8:40:00 PM EAT

Mthuli Ncube déclaré : "Vous voulez comparer le salaire au panier de devises. Alors, que faisons-nous à ce sujet? Nous allons avoir une allocation d'allègement et j'encourage les entreprises à faire de même pour protéger leurs employés. Nous n'avons pas encore bouclé les discussions, mais nous y travaillons " External link

infosplusgabon Tuesday, July 9, 2019 6:14:00 PM EAT

Mthuli Ncube told : “We will be meeting them tomorrow to hear their figures,” External link

premiumtimesng Tuesday, July 9, 2019 4:48:00 PM EAT

Mthuli Ncube told : “I have a (wage increase) figure already, and I am just waiting to hear from the unions. We will be meeting them tomorrow to hear their figures,” External link

standardmedia Tuesday, July 9, 2019 3:34:00 PM EAT

Mthuli Ncube said : "Re-dollarization required conversion of salaries to U.S. dollars. Given the tight fiscal space and that we do not print U.S. dollars, we would not be able to do that," "That is one of the reasons why we thought we should move faster on the introduction of the Zimbabwe dollar, not that it was not on the cards but we had to move faster" External link

newtimes-RW Tuesday, July 9, 2019 2:43:00 PM EAT

Mthuli Ncube said : “The litigations are misguided. All the actions we have taken are within the law. We consulted with the legal profession both within government and outside, verified that we were within the law. So I am not too sure if it is warranted to be heading for the courts to deal with SI 142, but if people want to do, then it’s their legal right,” External link

newsday Tuesday, July 9, 2019 2:13:00 PM EAT

Mthuli Ncube said : “You want to benchmark the salary against the basket of currencies. So what are we doing about that? We are going to have a cushioning allowance and here I encourage business to follow suit and cushion their employees. We have not concluded (discussions), but we are working on it,” External link

newsday Tuesday, July 9, 2019 2:13:00 PM EAT

Mthuli Ncube told : “He has to travel. We all have to travel. If we don’t, we won’t be playing the game. If I don’t go to China, for instance, I can’t close the deal over a phone from Harare. We have to meet the players and he has to be there. So, yes, there is a cost, but it’s a necessary cost,” External link

newsday Tuesday, July 9, 2019 2:13:00 PM EAT

Mthuli Ncube said : "I am sure there are a few civil servants in here who are saying now that you have introduced the Zimbabwe dollar, how about our salaries?" External link

bulawayo24 Tuesday, July 9, 2019 9:35:00 AM EAT

Mthuli Ncube said : “I am sure there are a few civil servants in here who are saying now that you have introduced the Zimbabwe dollar, how about our salaries?” External link

zimeye Tuesday, July 9, 2019 5:32:00 AM EAT

Mthuli Ncube said : “Re-dollarisation required conversion of salaries to US dollars. Given the tight fiscal space and that we do not print US dollars, we would not be able to do that,” “That is one of the reasons why we thought we should move faster on the introduction of the Zimbabwean dollar, not that it was not on the cards but we had to move faster” External link

herald Tuesday, July 9, 2019 2:28:00 AM EAT

Mthuli Ncube said : “In my view, in terms of macro-economic reforms, I think we are done now. In terms of fiscal, monetary reform, we will continue to fine-tune but we are done. I cannot think of any other major macro-economic reforms that are left,” External link

herald Tuesday, July 9, 2019 2:28:00 AM EAT

Mthuli Ncube said : “I am sure there are a few civil servants in here who are saying now that you have introduced the Zimbabwe dollar, how about our salaries?” External link

herald Tuesday, July 9, 2019 2:28:00 AM EAT

Mthuli Ncube told : “I have a (wage increase) figure already, and I am just waiting to hear from the unions. We will be meeting them tomorrow to hear their figures,” External link

zimeye Monday, July 8, 2019 9:28:00 PM EAT

Mthuli Ncube told : "I have a (wage increase) figure already, and I am just waiting to hear from the unions. We will be meeting them tomorrow to hear their figures," External link

4-traders Monday, July 8, 2019 1:19:00 PM EAT

Mthuli Ncube said : "The multi-currency system stifled growth as the country could not utilise monetary instruments to influence economic activity and gradually lost competitiveness compared to major trading partners," External link

bulawayo24 Monday, July 8, 2019 11:32:00 AM EAT

Mthuli Ncube said : "The intention was to strip the US dollar as a medium of exchange and serve more as a reserve currency. Simultaneously, the RTGS dollar was expected to assume all other functions of a domestic currency," External link

bulawayo24 Monday, July 8, 2019 11:32:00 AM EAT

Mthuli Ncube said : "There was therefore an urgent need for Zimbabwe to introduce its own fully-fledged currency and to formally end the multi-currency regime through the introduction of SI 142 of 2019, which was further operationalised by the Exchange Control Directive," External link

bulawayo24 Monday, July 8, 2019 11:32:00 AM EAT

Mthuli Ncube said : "Individuals shall continue to hold US dollars in their Nostro FCA as well as withdraw cash up to a daily limit of US$1 000 as was previously the case," External link

bulawayo24 Monday, July 8, 2019 11:32:00 AM EAT

Mthuli Ncube said : "All RTGS dollars representing the legacy debt shall be moved from commercial banks to the RBZ, which will reduce the amount of Zimbabwe dollars in circulation by about $1,2 billion, thus, strengthening the value of the Zimbabwean dollar. This is further going to be supported by the review of the overnight accommodation window, which has been pegged at 50 percent per annum," External link

bulawayo24 Monday, July 8, 2019 11:32:00 AM EAT

Mthuli Ncube said : "The multi-currency system stifled growth as the country could not utilise monetary instruments to influence economic activity and gradually lost competitiveness compared to major trading partners," External link

bulawayo24 Monday, July 8, 2019 10:25:00 AM EAT

Mthuli Ncube said : "The intention was to strip the US dollar as a medium of exchange and serve more as a reserve currency. Simultaneously, the RTGS dollar was expected to assume all other functions of a domestic currency," External link

bulawayo24 Monday, July 8, 2019 10:25:00 AM EAT

Mthuli Ncube said : "There was therefore an urgent need for Zimbabwe to introduce its own fully-fledged currency and to formally end the multi-currency regime through the introduction of SI 142 of 2019, which was further operationalised by the Exchange Control Directive," External link

bulawayo24 Monday, July 8, 2019 10:25:00 AM EAT

Mthuli Ncube said : "Individuals shall continue to hold US dollars in their Nostro FCA as well as withdraw cash up to a daily limit of US$1 000 as was previously the case," External link

bulawayo24 Monday, July 8, 2019 10:25:00 AM EAT

Mthuli Ncube said : "All RTGS dollars representing the legacy debt shall be moved from commercial banks to the RBZ, which will reduce the amount of Zimbabwe dollars in circulation by about $1,2 billion, thus, strengthening the value of the Zimbabwean dollar. This is further going to be supported by the review of the overnight accommodation window, which has been pegged at 50 percent per annum," External link

bulawayo24 Monday, July 8, 2019 10:25:00 AM EAT



Key Titles and Phrases Count Lang Last Seen
banker4.17%EN01/18/201718/01/2017
professor16.67%EN07/27/201627/07/2016
oxford university professor4.17%EN07/27/201627/07/2016
speaker2.08%EN07/06/201606/07/2016
economist58.33%EN06/29/201629/06/2016
vice-président de la bad6.25%FR11/04/201304/11/2013
chef de la banque africaine de développement6.25%FR09/30/201330/09/2013
chef2.08%FR12/06/201206/12/2012
Names Lang Count
Mthuli NcubeEN69.05%
Mthuli NcubeFR30.95%


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Wednesday, September 18, 2019

5:47:00 PM EAT


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Quotes... Extracted quotes about

Monica Mutsvangwa said ( about Mthuli Ncube ) : "Cabinet considered and approved the Aid Coordination Policy as proposed by the Minister of Finance and Economic Development (Professor Mthuli Ncube). The policy emanated from a review of the Development Cooperation Policy and its accompanying Procedures Manual. " External link

bulawayo24 Friday, September 6, 2019 10:39:00 AM EAT

Clifford Hlatshwayo said ( about Mthuli Ncube ) : "Our councils did their budgets using the 1:1 rate of the Zimdollar against the United States dollar and now [Finance minister Mthuli] Ncube introduced something different from what was planned. This has hampered service delivery. That has affected councils and residents who can't even pay rates now. This economic challenge is affecting everyone and people can't even pay rents," External link

bulawayo24 Wednesday, September 4, 2019 11:36:00 AM EAT

Victor Matemadanda said ( about Mthuli Ncube ) : "Our Finance Minister Professor Mthuli Ncube comes from Lupane but people from this region do not see an opportunity in that. They would rather be mobilised by people from Harare to demonstrate against him," "They only see him as a Zanu-PF appointed Minister, which is unfortunate. There are many things which Government has done and is doing and people are not capitalising on that not because of their will but they're mobilised by foreign people to destroy themselves" External link

bulawayo24 Saturday, August 31, 2019 9:28:00 PM EAT

Tendai Biti said ( about Mthuli Ncube ) : "If the Finance minister is bringing in a brand new budget for 2019, then that would be acceptable, but this cannot be called a supplementary budget if the minister is adding money onto the original 2019 budget, which was in US dollars," "The point is that after introduction of SI 142 (2019), the US dollar was demonetised and we now have a new currency. On December 22, we passed a US dollar budget and so Ncube should come up with a new budget for 2019 in Zimbabwean dollars or go back to the original US dollar budget and convert it to Zimbabwean dollars at the interbank rate and then provide a supplementary budget" External link

bulawayo24 Friday, August 9, 2019 10:04:00 AM EAT

Temba Mliswa said ( about Mthuli Ncube ) : "Let us be very honest. There is the issue of the interbank rate which Ncube introduced, but the balance is not showing that it has changed to the interbank rate. For instance, we hear that MetBank has paid its debt to NSSA (National Social Security Authority) and I am saying they must pay at the interbank rate because they borrowed in US$," External link

bulawayo24 Friday, August 9, 2019 10:04:00 AM EAT

Edwin Mushoriwa said ( about Mthuli Ncube ) : "We thought the Finance minister was going to repent and withdraw the 2% transaction tax which he imposed on poor people. Uniformed forces are moving in torn uniforms because of Ncube's austerity measures and what the minister is doing is to suffocate every poor person except the bourgeoisie. The minister does not care for the people," External link

bulawayo24 Friday, August 9, 2019 10:04:00 AM EAT

Tendai Biti said ( about Mthuli Ncube ) : “If the Finance minister is bringing in a brand new budget for 2019, then that would be acceptable, but this cannot be called a supplementary budget if the minister is adding money onto the original 2019 budget, which was in US dollars,” “The point is that after introduction of SI 142 (2019), the US dollar was demonetised and we now have a new currency. On December 22, we passed a US dollar budget and so Ncube should come up with a new budget for 2019 in Zimbabwean dollars or go back to the original US dollar budget and convert it to Zimbabwean dollars at the interbank rate and then provide a supplementary budget” External link

newsday Friday, August 9, 2019 7:03:00 AM EAT

Temba Mliswa said ( about Mthuli Ncube ) : “Let us be very honest. There is the issue of the interbank rate which Ncube introduced, but the balance is not showing that it has changed to the interbank rate. For instance, we hear that MetBank has paid its debt to NSSA (National Social Security Authority) and I am saying they must pay at the interbank rate because they borrowed in US$,” External link

newsday Friday, August 9, 2019 7:03:00 AM EAT

Edwin Mushoriwa said ( about Mthuli Ncube ) : “We thought the Finance minister was going to repent and withdraw the 2% transaction tax which he imposed on poor people. Uniformed forces are moving in torn uniforms because of Ncube’s austerity measures and what the minister is doing is to suffocate every poor person except the bourgeoisie. The minister does not care for the people,” External link

newsday Friday, August 9, 2019 7:03:00 AM EAT

Temba Mliswa said ( about Mthuli Ncube ) : “But this government is spending so much money paying hotels, but none of these Members want to stay in hotels. If you calculate the amount of money you spend in hotels it is US$200 per day. The Meikles is paid in US dollars. Ncube is prepared to pay Meikles in US dollars. MPs can rent a one bedroom apartment for $500 and spend $500 on food and the rest goes into other issues,” External link

newsday Thursday, August 8, 2019 6:57:00 AM EAT

Tendai Biti said ( about Mthuli Ncube ) : "Ncube has unlawfully converted US$9 billion Treasury Bills (TBs) to $9 billion in breach of section 71 of the Constitution because TBs were never indexed in the Zimbabwe dollar. Ncube does not have power to suppress inflation figures or issue a directive to ZimStats (Zimbabwe National Statistical Agency) that they must suspend publishing inflation figures," External link

onlinenigeria Wednesday, August 7, 2019 8:19:00 PM EAT

Tendai Biti said ( about Mthuli Ncube ) : "Ncube has unlawfully converted US$9 billion Treasury Bills (TBs) to $9 billion in breach of section 71 of the Constitution because TBs were never indexed in the Zimbabwe dollar. Ncube does not have power to suppress inflation figures or issue a directive to ZimStats (Zimbabwe National Statistical Agency) that they must suspend publishing inflation figures," External link

bulawayo24 Wednesday, August 7, 2019 7:14:00 PM EAT

Tendai Biti said ( about Mthuli Ncube ) : “Ncube has unlawfully converted US$9 billion Treasury Bills (TBs) to $9 billion in breach of section 71 of the Constitution because TBs were never indexed in the Zimbabwe dollar. Ncube does not have power to suppress inflation figures or issue a directive to ZimStats (Zimbabwe National Statistical Agency) that they must suspend publishing inflation figures,” External link

thezimbabwemail Wednesday, August 7, 2019 1:52:00 PM EAT

Tendai Biti said ( about Mthuli Ncube ) : “Ncube has unlawfully converted US$9 billion Treasury Bills (TBs) to $9 billion in breach of section 71 of the Constitution because TBs were never indexed in the Zimbabwe dollar. Ncube does not have power to suppress inflation figures or issue a directive to ZimStats (Zimbabwe National Statistical Agency) that they must suspend publishing inflation figures,” External link

newsday Wednesday, August 7, 2019 11:36:00 AM EAT

Prosper Chitambira said ( about Mthuli Ncube ) : "It will have systemic knock on effect and this is not the last hike as the minister(Finance minister Mthuli Ncube) has said the fuel price will be increased gradually until it is line with regional prices. Inflation should reach 250% by the end of the year," External link

bulawayo24 Friday, July 26, 2019 12:31:00 PM EAT

Prosper Chitambira said ( about Mthuli Ncube ) : “It will have systemic knock on effect and this is not the last hike as the minister(Finance minister Mthuli Ncube) has said the fuel price will be increased gradually until it is line with regional prices. Inflation should reach 250% by the end of the year,” External link

theindependent Friday, July 26, 2019 10:33:00 AM EAT