IMTT pushes business back to cash

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…

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