Page 7 - Transitional Stabilisation Programme News Today

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PRESIDENT Emmerson Mnangagwa hopes the new National Data Centre (NDC) will be the backbone of

Prof. Mthuli Ncube Zimbabwe’s economy has been through the worst of sorting out the fiscal and monetary problems inherited by the Second Republic and Government is now working on ensuring strong growth from this year, riding on achievements recorded under the Transitional Stabilisation Programme (TSP) and the growth measures enunciated in the National Development Strategy 1 (NDS1).  Further, measures to cushion civil servants and vulnerable groups of society will be widened this year, despit...

Zimra targets $387,4bn in 2021  Herald Reporter THE Zimbabwe Revenue Authority (ZIMRA) will continue meeting collection targets this year ensuring Government can finance expenditure, after it surpassed the 2020 target by over six percent. In Zimra’s revenue performance report for the fourth quarter of last year by the organisation’s vice board chairperson Ms Josephine Matambo yesterday, Zimra said it collected $91,51 billion in that quarter, 11,72 percent above the $84,38 billion target, a...

AIR Zimbabwe and Cottco are some of the country’s parastatals leading the pack in implementing strategic plans to contribute to economic growth and development. The fortunes of the country’s national flag carrier have declined over the past three decades, with the parastatal relying mainly on government bailouts due to huge financial difficulties. However, Air Zimbabwe is on a recovery path after benefiting from the stable economic environment created by the Transitional Stabilisation Progr...

‘I will continue supporting Zimbabwe’ OUTGOING Zimbabwe Revenue Authority (ZIMRA) Commissioner-General Ms Faith Mazani is set to leave the organisation at the end of this month to re-join the International Monetary Fund (IMF). With 35 years experience in revenue administration, Ms Mazani’s achievements as a tax expert are well-documented. The Sunday Mail’s Gender and Community Editor, Fatima Bulla-Musakwa, interviewed Ms Mazani on her tenure at ZIMRA and the new post that she will assu...

HARARE – Zimbabwe’s economy is expected to grow significantly in the next five years underpinned by the National Development Strategy One whose implementation begins this month. Having successfully battled multi-layered economic challenges created out of successive years of rampant economic mismanagement and indiscipline, the introduction of the two-year Transitional Stabilisation Programme (TSP) has set a firm foundation to catapult the economy into the development phase. Analysts say the ...

Ground Beneath Us Shifting As Economy Booms December 31, 2020 We believe economist Eddie Cross aptly captured it when writing on his blog, that something the average Zimbabwean has not grasped is that the ground beneath us is shifting fast in terms of economic recovery. Cross, a member of the Reserve Bank of Zimbabwe monetary policy committee said there are a number of positive developments, which demonstrate the domestic economy is fast getting out of the block. It has been his view for some ...

2020: Anchor for Zim’s success Lovemore Chikova Development Dialogue Covid-19 hit our shores with devastating consequences in 2020, affecting business and ultimately slowing the development trajectory set by President Mnangagwa’s Government. We are not yet out of the woods with regards to this disease, but there is hope and optimism that 2021 will bring better tidings. Although Covid-19 played some tricks on the country, it was not all doom and gloom when it came to the implementation of de...

Prof Mthuli Ncube This has, without doubt, been one of the most tumultuous years in living memory for businesses and economies globally due to the harrowing impact of Covid-19 and many people cannot wait to see its back. By Golden Sibanda It is expected the majority of global economies, following months of national lockdowns that disrupted economic activities and value chains, in order to contain the spread of Covid-19, will record significant negative growth this year, and Zimbabwe’s economy...