finance

Ncube scraps proposed cash withdrawal levy

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…

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Innscor frets over proposed VAT hike

INNSCOR Africa (Innscor) says the 0,5 percent increase in value-added tax starting next month is inflationary and has the potential to hurt businesses by impacting consumer purchasing power. This comes as Finance minister Mthuli Ncube, in his 2026 national budget statement last month, proposed several tax changes aimed at boosting public coffers. The standard value…

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Innscor unit targets 75 percent national potato output

PHI/IL Integrated Agri (PHI), the agriculture division of Innscor Africa (Innscor) is rolling out a scientific based potato farming model bolstered by a guaranteed supply chain support to account for 75 percent of national production. The government declared potatoes as one of the strategic crops to enhance food security and nutrition at the household and national…

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