Ncube scraps proposed cash withdrawal levy

Finance Minister Mthuli Ncube

FINANCE Minister Mthuli Ncube has scrapped a proposed levy on cash withdrawals following concerns that the tax would undermine government efforts to promote formal banking and financial inclusion. The Treasury boss, who has a tough job managing the government’s stressed coffers, did not give in to the strong lobby for a reduction in the two…

Subscribe to read full article. Subscribe today

Related posts

RBZ forecasts a temporary inflation blip

Forex inflows surge to US$3,35 billion

Hotel capacity strain worsens

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More