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“This will put significant mining development projects on the shelf…” How Mthuli Ncube’s budget plan to double gold royalties and tax capital expenditure upfront will hurt mine investment: Bankers Association of Zimbabwe president and Nedbank Zim MD, Sibongile Moyo.

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18,924 次观看 • 9 个月前 •via X (Twitter)

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The Minister of Finance, Economic Development and Investment Promotion, Prof. Mthuli Ncube reports that Zimbabwe exceeded its first-quarter target for mobilizing tax revenue and non-tax revenue. During the same period, the Government also managed to contain expenditure to an equivalent of US$1.53 billion.

The Minister of Finance, Economic Development and Investment Promotion, Prof. Mthuli Ncube reports that Zimbabwe exceeded its first-quarter target for mobilizing tax revenue and non-tax revenue. During the same period, the Government also managed to contain expenditure to an equivalent of US$1.53 billion.

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Rachel Reeves says capital gains tax will increase to 18% on lower rate and 24% on higher rate The chancellor adds that “the UK will still have the lowest capital gains tax rate of any European G7 economy” Budget live

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Hon. Prof. Mthuli Ncube, Minister responsible for Investment Promotion, noted that Karo has already invested USD 240 million and will commit nearly USD 1 billion in phase one, creating about 3,000 jobs and transforming the area into a development hub. He emphasized the fiscal incentives under the Special Mining Lease, such as tax write‑offs and employee exemptions, which enhance viability and attract capital, while royalties remain at 7%. With government holding a 15% free‑carry stake and an option to increase to 26%, he underscored platinum’s classification as a critical mineral and the long‑term security provided to investors.

Hon. Prof. Mthuli Ncube, Minister responsible for Investment Promotion, noted that Karo has already invested USD 240 million and will commit nearly USD 1 billion in phase one, creating about 3,000 jobs and transforming the area into a development hub. He emphasized the fiscal incentives under the Special Mining Lease, such as tax write‑offs and employee exemptions, which enhance viability and attract capital, while royalties remain at 7%. With government holding a 15% free‑carry stake and an option to increase to 26%, he underscored platinum’s classification as a critical mineral and the long‑term security provided to investors.

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Mines Minister Polite Kambamura says Government plans incentives to attract coal investment and will withdraw licences from companies that delay developing their mining assets. Earlier this year, Government cancelled RioZim Energy’s licence over the Sengwa coal deposit, citing lack of development. RioZim’s planned 2,800MW power project stalled after Industrial and Commercial Bank of China withdrew funding in 2021 as China cut support for new overseas coal projects. [🎥 Mining Zimbabwe]

Mines Minister Polite Kambamura says Government plans incentives to attract coal investment and will withdraw licences from companies that delay developing their mining assets. Earlier this year, Government cancelled RioZim Energy’s licence over the Sengwa coal deposit, citing lack of development. RioZim’s planned 2,800MW power project stalled after Industrial and Commercial Bank of China withdrew funding in 2021 as China cut support for new overseas coal projects. [🎥 Mining Zimbabwe]

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Yesterday, I witnessed the Budget Presentation by Mr. Governor to the Lagos State House of Assembly. This year’s ₦4.2 trillion budget reflects ambition, resilience, and intentional leadership, with 52% dedicated to capital projects and 48% to recurrent expenditure. For us in Agege, this budget means real progress: better roads, upgraded schools, improved hospitals, SME support, stronger security, and renewed agricultural initiatives. A greater Lagos is rising, and Agege will feel the impact. #agege #avo

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Confederation of Zimbabwe Retailers president, Mr. Denford Mutashu, commended the 2026 National Budget as fair and broadly responsive to the prevailing development agenda. He noted that the proposed tax reviews represent important adjustments for revenue mobilization and fiscal sustainability, while acknowledging that they will require careful adaptation by stakeholders across the retail sector.

Confederation of Zimbabwe Retailers president, Mr. Denford Mutashu, commended the 2026 National Budget as fair and broadly responsive to the prevailing development agenda. He noted that the proposed tax reviews represent important adjustments for revenue mobilization and fiscal sustainability, while acknowledging that they will require careful adaptation by stakeholders across the retail sector.

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Our budget proposal continues to cut taxes, raise teacher pay, and makes significant investments in Virginia’s future. The plan delivers an additional $730M in tax relief on top of the record $9B during our administration, and $1B in raises for teachers, law enforcement, and state employees, coupled with increased investment for health care, SNAP, child welfare, workforce development, and infrastructure. Virginia’s record growth and $156B in economic development wins made this possible, allowing us to invest responsibly and keep Virginia winning.

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Pakistan to impose a 10%-30% capital gain tax on crypto profits on request of IMF. Taxable profit threshold is Rs0.5m annually to fall under the tax bracket. Final proposal and approval will be done in upcoming Budget.

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This is HUGE… For me, this is Minister Hon Tatenda.A. Mavetera’s BIGGEST achievement. Today she handed over 8 000 Starlink Kits to the Minister of Primary & Secondary Education Hon Minister Torerayi Moyo. It means ALL rural schools in Zimbabwe will have Starlink Internet this year. The IMPACT of this initiative will be felt in the short to medium term. And also remember that the Minister of Energy, Honourable July Moyo, promised to electrify all Zimbabwean schools before end of this year (2026). These are the TRANSFORMATIVE projects that President President of Zimbabwe’s leadership is bringing… ED2030

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I've interacted with the Minister of Finance of South Africa, Hon. Enoch Godongwana, both on and off camera. He has a very sober mind. He expressed gratitude to Zimbabwe for the warm reception he received since he stepped foot on this sacred soil. He appreciated our Minister of Finance, Economic Development and Investment Promotion, Hon. Prof. Mthuli Ncube, and the people of Zimbabwe for their cordiality. He says the region should scale up trade and be able to stand as a collective. No dudula, no vengeful retribution. Zimbabweans are peace-loving and development-oriented.

I've interacted with the Minister of Finance of South Africa, Hon. Enoch Godongwana, both on and off camera. He has a very sober mind. He expressed gratitude to Zimbabwe for the warm reception he received since he stepped foot on this sacred soil. He appreciated our Minister of Finance, Economic Development and Investment Promotion, Hon. Prof. Mthuli Ncube, and the people of Zimbabwe for their cordiality. He says the region should scale up trade and be able to stand as a collective. No dudula, no vengeful retribution. Zimbabweans are peace-loving and development-oriented.

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This is Sally Mugabe Referral Hospital, with THREE EMERGENCY helicopter ambulances ready to serve the nation. Thank you, President E.D. Mnangagwa President of Zimbabwe. No one dreamed of such a thing happening in Zimbabwe. We hope and pray that today's budget will cover much of the health system.

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