Finance minister to unpack budget at breakfast forum

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FINANCE and Economic Development Minister Mthuli Ncube will lead discussions on the $421, 6 billion National Budget he delivered yesterday at the Daily News Post-National Budget Business Breakfast Forum to be held at Rainbow Towers in the capital on Monday.
Ncube — the guest of honour and keynote speaker at the event — will lead discussions with the help of the
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya.

The highly-anticipated Post-National Budget Business Breakfast Forum, being funded by gold sponsor, the Infrastructure Development Bank of Zimbabwe (IDBZ) and silver sponsor, Agribank, would also feature
a panel of experienced economists and businesspersons.

The panellists include Institute of Chartered Accountants of Zimbabwe (Icaz) chief executive officer Gloria Zvaravanhu, Confederation of Zimbabwe Industries president Henry Ruzvidzo, Bankers Association of Zimbabwe president Ralph Watungwa, veteran economist Naome Chakanya from the Labour and Economic Development Research Institute of Zimbabwe (LEDRIZ) and chief executive officer of Zimbabwe Women’s Microfinance Bank, Mandas Marikanda.

The Associated Newspapers of Zimbabwe (ANZ) — publishers of the Daily News and the Daily News on Sunday
are hopeful that the breakfast meeting to be moderated by prominent Harare lawyer, Nqobile Munzara, would provide a platform to discuss projections for 2021 made by the Finance minister.

“Among other things, the minister has forecast that annual inflation will be around 135 percent in 2021.
“Minister Ncube also expects the exchange rate to remain stable next year…he has also forecast 7, 5 percent
GDP growth for 2021. The national budget also has several other far-reaching changes which the minister will
shed light on.

“It is an event not to be missed by business leaders and policy-makers alike because the economic projections
made by the minister and the economic priorities he has set for next year will be up for discussion,” said ANZ commercial director Lewis Chikurunhe.

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