In 2003/4 Prof Mthuli Ncube founded and steered Barbican Bank which was forced to close because of “ABUSE OF DEPOSITOR FUNDS, ILLICIT FOREIGN CURRENCY TRADES, ILLIQUIDITY, VIOLATING EXCHANGE CONTROL REGULATIONS AND POOR CORPORATE GOVERNANCE” among other reasons.

14 years later (in 2018), he came back after his appointment as Minister of Finance & Economic Development with a mandate to foster economic growth and development through the provision of sound macro-economic policies.

His key macro-economic policies include:

1. 2% Intermediated Money Transfer Tax
2. De-dollarisation
3. Fuel Subsidies
4. Roller Meal Subsidies
5. ……..the list goes on

CAN YOU BANK ON HIM TO LEAD THE ZIMBABWEAN ECONOMY TO THE MUCH DESIRED ‘CANAAN?’

Let us know your thoughts!!!
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Street Economics 101