2026 NATIONAL BUDGET: How Finance Minister, Mthuli Ncube plans to ‘boost’ private investment in sporting facilities. Government wants companies to help rebuild the country’s rundown sports infrastructure. So, Finance Minister Ncube is offering new tax incentives: • Tax deductions: Companies that build or upgrade public sports facilities can claim 150% of their investment as a tax deduction over two years. If a company spends US$1M fixing a stadium, it can deduct US$1.5M from its taxable income o
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Zimbabwe’s Finance Minister Mthuli Ncube has revised the nation’s 2026 growth forecast down to 5 percent from 6.5 percent, citing weaker global demand and internal economic challenges. In his national budget presentation, Ncube announced higher gold royalties and a 0.5 percent increase in Value Added Tax (VAT) to stabilize finances. | CGTN Africa
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