{"id":41480,"date":"2021-06-05T19:53:31","date_gmt":"2021-06-05T17:53:31","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=41480"},"modified":"2021-06-05T19:22:48","modified_gmt":"2021-06-05T17:22:48","slug":"mthuli-ncube-dangles-lucrative-mining-incentives-for-investors","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/mthuli-ncube-dangles-lucrative-mining-incentives-for-investors","title":{"rendered":"Mthuli Ncube Dangles Lucrative Mining Incentives For Investors"},"content":{"rendered":"

Africa-Press<\/a> – Zimbabwe<\/a>. <\/strong><\/span>By Alois Vinga<\/b> – FINANCE Minister Mthuli Ncube Friday floated lucrative incentives for investors in the mining sector in a bid to boost output in the country\u2019s major economic earner.<\/p>\n

Through various programmes taken to refocus the mining sector, Zimbabwe foresees a US$12 billion being injected into the economy by year 2023 in a development that will bolster economic growth and downstream value addition.<\/p>\n

Speaking to delegates attending the Zimbabwe Annual Mining Conference 2021 in Victoria Falls, Ncube expressed optimism on achieving the targets through offering lucrative incentives to investors.<\/p>\n

Under the new measures, all capital expenditure on exploration, development and operations incurred wholly and exclusively for any mining operation is allowed in full under special deductions.<\/p>\n

The new measures also include expenditures incurred on prospecting and exploratory works undertaken for the purpose of acquiring rights to mine minerals.<\/p>\n

\u201cIn the case of a holder of a special mining lease, corporate income is taxed at a special rate of 15%. A holder of a special mining lease may be exempt wholly or partly from non-residents tax on fees, remittances and royalties,\u201d said Ncube.<\/p>\n

\u201cRebate of duty will be granted on goods for the prospecting and search for mineral deposits for use in petroleum exploration or production, and on goods imported in terms of an agreement entered into pursuant to a special mining lease,\u201d he said.<\/p>\n

Ncube also announced the suspension of duty on goods imported for specific mine development operations.<\/p>\n

He also announced the incremental export incentive scheme under which beneficiaries will be allowed to retain 80% of their foreign currency while exporters licensed under the Special Economic Zones (SEZs) and those listed on the Victoria Falls Stock Exchange will be allowed to retain 100% of their foreign currency earnings.<\/p>\n

The Treasury boss said government was currently improving energy infrastructure through revamping of old power plants and construction of new plants to ensure a reliable supply of electricity.<\/p>\n

\u201cI am confident that these measures will contribute towards the attainment of the US$12 billion mining sector,\u201d added Ncube.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. By Alois Vinga – FINANCE Minister Mthuli Ncube Friday floated lucrative incentives for investors in the mining sector in a bid to boost output in the country\u2019s major economic earner. Through various programmes taken to refocus the mining sector, Zimbabwe foresees a US$12 billion being injected into the economy by year 2023 […]<\/p>\n","protected":false},"author":84,"featured_media":41479,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,35,12,15],"tags":[1493,2189,19],"class_list":{"0":"post-41480","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-homepage-english","9":"category-policy","10":"category-twitter","11":"tag-africa-press","12":"tag-africa-press-zimbabwe-2","13":"tag-zimbabwe"},"yoast_head":"\nMthuli Ncube Dangles Lucrative Mining Incentives For Investors - zimbabwe<\/title>\n<meta name=\"description\" content=\"By Alois Vinga - FINANCE Minister Mthuli Ncube Friday floated lucrative incentives for investors in the mining se ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-ncube-dangles-lucrative-mining-incentives-for-investors\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mthuli Ncube Dangles Lucrative Mining Incentives For Investors\" \/>\n<meta property=\"og:description\" content=\"By Alois Vinga - FINANCE Minister Mthuli Ncube Friday floated lucrative incentives for investors in the mining se ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-ncube-dangles-lucrative-mining-incentives-for-investors\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-05T17:53:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-05T17:22:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/06\/img-60bbb2c8f2c7f.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"550\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-ncube-dangles-lucrative-mining-incentives-for-investors\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-ncube-dangles-lucrative-mining-incentives-for-investors\",\"name\":\"Mthuli Ncube Dangles Lucrative Mining Incentives For Investors - zimbabwe\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-ncube-dangles-lucrative-mining-incentives-for-investors#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-ncube-dangles-lucrative-mining-incentives-for-investors#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/06\/img-60bbb2c8f2c7f.jpg\",\"datePublished\":\"2021-06-05T17:53:31+00:00\",\"dateModified\":\"2021-06-05T17:22:48+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4\"},\"description\":\"By Alois Vinga - FINANCE Minister Mthuli Ncube Friday floated lucrative incentives for investors in the mining se ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-ncube-dangles-lucrative-mining-incentives-for-investors#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-ncube-dangles-lucrative-mining-incentives-for-investors\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-ncube-dangles-lucrative-mining-incentives-for-investors#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/06\/img-60bbb2c8f2c7f.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/06\/img-60bbb2c8f2c7f.jpg\",\"width\":800,\"height\":550,\"caption\":\"Mthuli Ncube Dangles Lucrative Mining Incentives For Investors\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-ncube-dangles-lucrative-mining-incentives-for-investors#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.cc\/zimbabwe\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mthuli Ncube Dangles Lucrative Mining Incentives For Investors\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/\",\"name\":\"zimbabwe\",\"description\":\"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4\",\"name\":\"cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Mthuli Ncube Dangles Lucrative Mining Incentives For Investors - zimbabwe","description":"By Alois Vinga - FINANCE Minister Mthuli Ncube Friday floated lucrative incentives for investors in the mining se ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-ncube-dangles-lucrative-mining-incentives-for-investors","og_locale":"en_US","og_type":"article","og_title":"Mthuli Ncube Dangles Lucrative Mining Incentives For Investors","og_description":"By Alois Vinga - FINANCE Minister Mthuli Ncube Friday floated lucrative incentives for investors in the mining se ...","og_url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-ncube-dangles-lucrative-mining-incentives-for-investors","og_site_name":"zimbabwe","article_published_time":"2021-06-05T17:53:31+00:00","article_modified_time":"2021-06-05T17:22:48+00:00","og_image":[{"width":800,"height":550,"url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/06\/img-60bbb2c8f2c7f.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-ncube-dangles-lucrative-mining-incentives-for-investors","url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-ncube-dangles-lucrative-mining-incentives-for-investors","name":"Mthuli Ncube Dangles Lucrative Mining Incentives For Investors - zimbabwe","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-ncube-dangles-lucrative-mining-incentives-for-investors#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-ncube-dangles-lucrative-mining-incentives-for-investors#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/06\/img-60bbb2c8f2c7f.jpg","datePublished":"2021-06-05T17:53:31+00:00","dateModified":"2021-06-05T17:22:48+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4"},"description":"By Alois Vinga - FINANCE Minister Mthuli Ncube Friday floated lucrative incentives for investors in the mining se ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-ncube-dangles-lucrative-mining-incentives-for-investors#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-ncube-dangles-lucrative-mining-incentives-for-investors"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-ncube-dangles-lucrative-mining-incentives-for-investors#primaryimage","url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/06\/img-60bbb2c8f2c7f.jpg","contentUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/06\/img-60bbb2c8f2c7f.jpg","width":800,"height":550,"caption":"Mthuli Ncube Dangles Lucrative Mining Incentives For Investors"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-ncube-dangles-lucrative-mining-incentives-for-investors#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.cc\/zimbabwe\/"},{"@type":"ListItem","position":2,"name":"Mthuli Ncube Dangles Lucrative Mining Incentives For Investors"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website","url":"https:\/\/www.africa-press.net\/zimbabwe\/","name":"zimbabwe","description":"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4","name":"cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/41480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/comments?post=41480"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/41480\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media\/41479"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media?parent=41480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/categories?post=41480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/tags?post=41480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}