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Zimbabweans and South Africa exchange notes on economic cooperation, trade ties

ZIMBABWE and South Africa are working on modalities to improve existing economic ties between the two countries. Finance and Economic Development Minister, Professor Mthuli Ncube held meetings with his South African counterpart, Enock Gunfogwana and Treasury director general Dondo Mogajane with the focus on the state of the two economies including possible ways of further… ....

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Mr Eddie Cross: Silence cannot be misquoted


Eddie Cross
In September 2019, Finance and Economic Development Minister, Professor Mthuli Ncube, appointed a nine-member Monetary Policy Committee (MPC) to influence the Reserve Bank of Zimbabwe (RBZ)’s monetary policy. Crucially, the MPC’s wide-sweeping responsibilities extend to setting limits on the Bank’s open market operations, ensuring price stability, and determining interest rates.
Chaired by Central Bank Governor, Dr John Mangudya, the Committee has done exceptionally well – by all accounts – in discharging its functions in spite of the well-documented difficult socio-economic environment under which it operates. The price stability that set-in after the foreign currency auction trading system was introduced in June last year is one of the MPC’s many achievements that are difficult not to acknowledge even amongst some of the RBZ’s harshest critics. The same goes for the positive sentiment that has been restored after eluding the domestic economy si ....

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2021 destined to be a better year for Zimbabwe: Prof Mthuli Ncube


Prof. Mthuli Ncube
MINISTER of Finance and Economic Development Professor Mthuli Ncube says 2021 will be a better year for Zimbabwe pinned on the projected positive performance of the agricultural sector.
Prof Mthuli Ncube was speaking to CNBC Africa Chief Editor Godfrey Mtizwa on a special economic programme.
He said the country has experienced negative growth owing to climate change-induced drought, COVID-19 pandemic though a positive growth rate of 7.4 percent will be registered next year.
“We expect a better 2021, we had a negative growth due to the pandemic and climate change-induced drought but next year we have projected a 7.4% growth. We are going to achieve this by taming inflation and stabilising the exchange rate. The growth projection is pinned on a better agricultural season which will mean better power supply for local industries,” he said. ....

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