Business banks on sustained prudence

ALTHOUGH business is anticipating a sizeable supplementary budget from Finance minister Mthuli Ncube in his upcoming mid-term review, it is not expecting any major policy changes then.
This comes as the country is currently enjoying a measure of economic stability, on the back of the cocktail of policy interventions taken by authorities over the past few months — which saw annual inflation dropping to 101,3 percent last month, from 175,8 percent in June 2023.
The chief executive of the Zimbabwe National Chamber of Commerce (ZNCC), Chris Mugaga, said this week that a significant supplementary budget was “a near certainty”.