Almot Maqolo, Staff Writer 
39
A TAX meant to widen the formal economy is instead fuelling concerns that businesses and consumers are being pushed back towards cash, as the cost of digital transactions comes under renewed scrutiny. In the 2026 national budget, Finance minister Mthuli Ncube cut the intermediated money transfer tax (IMTT) on ZiG transactions to 1,5 percent from…
Subscribe to read full article. Subscribe today
