Struggling F/town unexcited over budget

Ebrahim shared his views this week in an interview with Mmegi. The Minister of Finance and Economic Development, Thapelo Matsheka is expected to deliver the country’s budget speech for the 2021-2022 fiscal year on Monday.

The second city’s economy took a knock several years ago when Tati Nickel Mine closed its doors as part of the group-wide collapse of BCL Ltd. The city’s other important economic pillar, retail trade, has since suffered as the purchasing power of Zimbabweans and Zambians has dwindled due to frequent border closures. There has been little activity with some retailers saying their sales have gone down by 50%.