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Informing Business, Inspiring Success


‘Park Your Cars’: Ncube Urges Zimbabweans to Cut Travel as Fuel Prices Surge
HARARE – Zimbabweans have been urged to drastically reduce travel and “park their cars” as fuel prices remain among the highest in the region, with petrol pegged at US$2.23 per litre and diesel at US$2.11. Finance Minister Mthuli Ncube issued the warning while speaking at the World Bank and IMF Spring Meetings 2026 on April 15, saying motorists must “rationalise” fuel usage in the face of persistent high prices.

Southerton Business Times
Apr 162 min read


Cabinet Issues Stern Warning to Businesses Over Speculative Pricing
HARARE — The Government has issued a strong appeal to the private sector to refrain from hiking prices following the commencement of civil servants’ salary reviews this week. Speaking at a post-Cabinet briefing on Tuesday, April 14, authorities warned that speculative pricing could trigger an inflationary spiral and negate the intended boost to workers' purchasing power. The salary adjustments began rolling out on April 12, with members of the uniformed forces being the first

Southerton Business Times
Apr 152 min read


MPs Demand Full Accountability on Zimbabwe’s Sugar Tax Funds
HARARE – Members of Parliament have demanded a comprehensive breakdown of how funds collected through Zimbabwe’s sugar tax have been used, intensifying pressure on the Ministry of Health and Child Care to improve transparency and accountability. The calls follow a ministerial statement presented in the National Assembly by Deputy Health Minister Sleiman Kwidini, responding to a February inquiry by legislators on the utilisation of proceeds from the tax introduced by Finance M

Southerton Business Times
Apr 152 min read


Banks Sue ZIMRA Over "Punitive" Tax: US$80M Credit Lines at Risk as Interest Dispute Escalates
HARARE — The Bankers Association of Zimbabwe (BAZ) has launched a high-stakes legal challenge against the Zimbabwe Revenue Authority (ZIMRA), intensifying a bitter dispute over tax treatments that lenders warn could cripple the nation’s financial stability and freeze credit lines. At the heart of the litigation is ZIMRA’s interpretation of the Income Tax Act, which has disallowed interest expenses, the fundamental cost of doing business for banks, as deductible expenses when

Southerton Business Times
Apr 102 min read


Over US$2 million raised for Ingutsheni Central Hospital at presidential fundraising luncheon
BULAWAYO — More than US$2 million was raised for the rehabilitation of Ingutsheni Central Hospital during a fundraising luncheon held at the Zimbabwe International Exhibition and Smart City Centre on Friday, 20 March. The event was led by President Emmerson Mnangagwa, who personally contributed US$1 million toward the hospital’s upgrade.

Southerton Business Times
Mar 222 min read


RBZ Reassures Market as Government Moves to Pay Suppliers in ZiG
The Reserve Bank of Zimbabwe (RBZ) has moved to calm market concerns following the government’s decision to pay local suppliers exclusively in the Zimbabwe Gold (ZiG) currency.

Southerton Business Times
Mar 192 min read


Zimbabwe to Pay Local Suppliers Only in ZiG Under New Government Price List
Mthuli Ncube says the government will begin paying both current and new local suppliers exclusively in the domestic currency, ZiG, under a new procurement framework aimed at strengthening the use of the local unit. The measure forms part of a newly introduced National Standard Price List (NSPL) designed to guide procurement by government ministries, departments, and agencies. Announcing the policy, Ncube said the price list would establish reference prices for commonly procur

Southerton Business Times
Mar 172 min read


Zimbabwe Gazettes New ZiG Banknotes Ahead of April 2026 Rollout
Zimbabwe’s Minister of Finance, Economic Development, and Investment Promotion, Mthuli Ncube, has gazetted a new family of ZiG banknotes following their unveiling during the 2026 Monetary Policy Statement. The new notes were first presented last week by John Mushayavanhu, Governor of the Reserve Bank of Zimbabwe (RBZ).

Southerton Business Times
Mar 52 min read


Vimbai Chikwenhere confirmed as Auditor‑General
HARARE — Finance Minister Mthuli Ncube has confirmed the appointment of Vimbai Chikwenhere as Auditor‑General, following her nomination by President Emmerson Mnangagwa and endorsement by the Public Accounts Committee.

Southerton Business Times
Feb 282 min read
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