Government has extended the ring-fenced suspension of duty on the outstanding quota of luxury buses by a year after the operators failed to utilise the facility due foreign currency challenges.
KEY stakeholders yesterday hailed measures contained in Finance and Economic Development Minister Professor Mthuli Ncube’s 2019 National Budget proposals, but spelt the need for their full implementation.
Professor Mthuli Ncube’s first National Budget presentation, which is expected today, should be couched around the Transitional Stabilisation Programme (TSP), which is itself the first phase of the Vision 2030, designed to guide not only the fiscal but also the monetary and other economic policies during the period it covers.
THE President, his deputies, top Government officials and parastatal bosses will be among senior public officials to face a 5 percent salary cut in January as Government implements austerity measures to contain costs as part of a cocktail of measures to turn around the economy.
ALL eyes are on Finance and Economic Development Minister Professor Mthuli Ncube as he presents his 2019 National Budget proposals in Parliament today, the first in the Second Republic.