The controversial finance minister Mthuli Ncube has claimed that he is using the 2% transaction tax to pay for teacher recruitment. This is so despite the man paying teachers in Bond note abd RTGS currency.

Ncube told the state media: “The 2 percent transaction tax initiated in October 2018 has started bearing positive results on the economy.

“So it has helped us on at least four things, which include the expenditure on the recruitment of 3 000 additional teachers; the recruitment of 350 plus university personnel, then also the issue of devolution.

“The $310 million (announced in the 2019 Budget) for devolution is going to be covered by the 2 percent tax and yesterday (last Thursday), I was in Kanyemba and we know that the Kanyemba area alone is going to be given $2 million out of the $310 million for that purpose. “