SA vows to help debt-ridden Zimbabwe revive economy | IOL News

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South Africa said in January that it had turned down a request in December from its southern African neighbour for a $1.2 billion loan.

Harare - President Cyril Ramaphosa said on Tuesday South Africa was ready to help Zimbabwe revive its economy, but within its means, while the two neighbours consider options that could see Harare receiving some financial assistance.

But in a joint communique issued after a meeting between Rampahosa and Zimbabwe's president Emmerson Mnangagwa and officials, the two countries said they were looking at increasing a standing credit facility between central banks of the two nations.

"South Africa, Mr President, stands ready to render support to Zimbabwe within our means in your quest for economic renewal," Ramaphosa said, without giving details on whether this would entail financial help.

 

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Zimbabwe should be paying South Africa for all the illegals currently in the latter.

Forget bankrupt SOE's and bankrupt Municipalities, Forget failed infrastructures and schools! Let's rather help the dictatorship in Zimbabwe! Absolutely insane!

But we're debt ridden too. How are we helping other countries when we're so deep in it?

School fees soon to be paid for learning how to fix elections.

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