Financial assistance on agenda as Cyril Ramaphosa visits Zimbabwe

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Key among the issues to be discussed, besides sanctions is Zimbabwe’s request for financial assistance and the ongoing political and economic instability in that country

An illegal currency dealer holds a wad of Zimbabwean bond notes and rands outside a bank in Harare, Zimbabwe. Pictue: REUTERS/PHILLIMON BULAWAYO

Key among the issues to be discussed is Zimbabwe’s request for financial assistance and the ongoing political and economic instability in that country. Last year, it was reported that Zimbabwe asked SA for a $1,2bn bailout, but Pretoria said it did not have the money. Other matters on the agenda include political, and social developments between the two countries; a proposal for a one-stop border post at Beitbridge; a partnership between an SA-based consortium and National Railways of Zimbabwe; mining and energy; as well as permits for Zimbabweans living in SA.

Asked about the amount and nature of the possible financial assistance, the official said: “I cannot discuss the specific amounts because nothing has been confirmed as yet. I can only say that the Zimbabwean government is seeking a financial package that will help to ease the impact of sanctions. It is generally felt that the sanctions do not affect Zimbabwe alone and that SA is also negatively affected.

Zimbabwe President Emmerson Mnangagwa’s government has yet to implement the political and economic overhaul needed to rebuild its reputation within the international community and dramatically improve its relationship with the US, Trump added.In his opening remarks at the senior officials meeting, SA director-general for the department of international relations and co-operation Kgabo Mahoai said the bilateral was being held earlier than scheduled.

 

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Who are we going to go to for assistance once he and his mob flush us down the toilet?

who is assisting his country's citizens against the high cost of living?

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