Harare,(New Ziana) – Government said on Friday it is targeting to reduce inflation to around 300 percent by year-end, a figure less than half the current level. Inflation peaked at 785 percent in May, and slowed down to 737 percent in June. Finance and Economic Development Minister, Professor Mthuli Ncube said the surge in inflation […]
Harare, (New Ziana) – Zimbabwe’s economy will contract by 4.5 percent in 2020, down from the earlier predicted three percent growth, mainly choked by the Covid-19 pandemic, Finance and Economic Development Minister, Mthuli Ncube said on Thursday. The contraction is despite the fact that the country will once again end the year with a positive […]
Harare, (New Ziana) – The government on Thursday widened the tax free Pay As You Earn (PAYE) thresh-hold to $5 000 from $2 000, a move meant to leave workers with more disposable incomes in the prevailing hyper-inflationary environment characterised by rapid cost increases of goods and services. Government has repeatedly said it was concerned […]
Harare (New Ziana) – Zimbabwe on Wednesday recorded 25 new positive cases of Covid-19, pushing the country’s cumulative tally of confirmed cases to 1 089, the Ministry of Health and Child Care has said. In a daily update, the Ministry of Health said 21 of the latest infections were a result of local transmission of […]