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In his latest budget Finance Minister Mthuli Ncube introduced a 0.5% tax on fast food and a 10% tax on all sports betting proceeds, which took effect this month.
Economist Prosper Chitambara predicted a positive trajectory for the banking sector compared to the previous year, driven by the projected 6% economic growth.
The move, according to the RBZ, meant to enhance foreign exchange resources needed to settle national and international obligations that normally require foreign currency.