SA declined R16 billion loan request by Zimbabwe

‘South Africa doesn’t have the money to provide that kind of assistance,’ a spokesperson for National Treasury has said.

Source: SA declined R16 billion loan request by Zimbabwe | Fin24

South Africa declined Zimbabwe’s request to borrow $1.2bn (about R16bn), the National Treasury has said.

The country made the request for a rescue package in December, Jabulani Sikhakhane, a spokesman for the Pretoria-based Treasury, said by phone Monday.

“South Africa doesn’t have the money to provide that kind of assistance,” Sikhakhane said.

Hopes of an economic revival in Zimbabwe lie in tatters 14 months after President Emmerson Mnangagwa took office, as the nation reels from foreign-exchange and fuel shortages, strikes and a dearth of political leadership.

COMMENTS

WORDPRESS: 2
  • comment-avatar
    Flick 3 years ago

    If South Africa wants to impact on Zimbabwe then all it has to do is SHUT THE BORDER, as it did when it stabbed Rhodesia in the back. Let history repeat itself I say, but don’t hold your breath.

    • comment-avatar

      If SA wants to HELP Zimbabwe, it could insist on a Government of National Unity as Mbeki did, but follow through and insist on proper elections after the country has stabilised. Africa will only get ahead if the Africans themselves hold their fellows to account.