$60bn insurance sector exposure on ZSE
HARARE, The Insurance and Pensions Commission (Ipec) is engaging authorities on the recent suspension of trading on the Zimbabwe Stock Exchange (ZSE) to protect the industry’s $60 billion exposure on the market.
This comes as a regional think-tank Renaissance Capital has warned that Zimbabwe’s decision to close its stock exchange risks upending plans
Mthuli extends 2% tax to foreign currency transactions
Staff Writer
HARARE, Finance Minister Mthuli Ncube has proposed to extend Intermediated Money Transfer Tax to cover foreign currency transactions starting from August arguing that the current exemption has created an unfair advantage for taxpayers’ transaction in foreign currency.
The current legislation exempts the transfer of money into and
ZIM economy to rebound in 2021: Finance Minister
Staff Writer
HARARE- Zimbabwe’s economy is expected to shrink by 4,5% this year owing to the fallout from the COVID-19 pandemic and a brutal climate change-related drought, finance minister Mthuli Ncube said on Thursday.
Announcing the midterm 2020 budget and economic review, Ncube said the mining sector will contract by 4%, although he projected