Wednesday, March 18, 2009

SA to give Zim R20 billion

Our infrastructure and roads, housing, police, education and hospitals are in crisis, corruption and waste is rampant, tens of millions of our citizens live in squalor and we are facing our worst economic crisis ever, yet the ANC mugs figure we have R20 billion spare to spend on South Africa's 10th province, Zimbabwe. At least now we can start putting a dollar price on the "quiet diplomacy" that the ANC pursued for so long in addition to the humanitarian misery wrought on millions of Zimbabweans. Pathetic. And absolutely no guarantees any of this money will be repaid. Kiss it goodbye.

US$2 Billion Loan From Pretoria Mooted in Zimbabwe-South Africa Talks


Following a meeting in Victoria falls between Zimbabwean and South African officials, official sources said Tuesday that Pretoria is considering a loan of US$2 billion to Harare.

Officials of both countries said US$1 billion would be to support government operations, while a US$1 billion credit line would be established for other purposes.

Official sources said South Africa meanwhile is advancing 60 million rand for agricultural materials. Pretoria provided R300 million for farming inputs last year.

The communiqué issued at the end of Monday's Zimbabwean-South African Joint Permanent Commission session in Victoria Falls stated the desire of both countries to cooperate to help Harare re-engage with the international community and lift Western sanctions.

But South Africa also urged other member nations of the Southern African Development Community to involve themselves in Zimbabwe's turnaround.

2 Opinion(s):

Anonymous said...

And this while the remaining white 400 - or is it 300 by now - white commercial farmers are being kicked off their land? ARE there any successful black commercial farmers in Zimbabwe? I very much doubt it, otherwise it would have been trumpeted in all the msm.

Unsuccessful black farmers are being kicked off farms in SA, only to be replaced by still more unsuccessful black farmers. We have to give them time ... they have so much to learn ... they need proper training ... blah blah blah. If you miss out on food crops two years in a row, you are going to starve, in the same way that if you use up your two years' cash savings without any other form of income you are on your arse.

"South Africa also urged other member nations of the Southern African Development Community to involve themselves in Zimbabwe's turnaround." Like hell they will.

WHITEADDER said...

Can you imagine the backhanders some of the ANC bigwigs are going to get out of this action ?