Fin24

Gordhan, Biti to meet over Zim aid

2012-09-10 16:24

Johannesburg - South African Finance Minister Pravin Gordhan is scheduled to meet his Zimbabwean counterpart‚ Tendai Biti‚ this month to discuss Zimbabwe’s request for further financial assistance‚ the National Treasury said on Monday.

The request will thereafter be discussed by the South African Cabinet‚ it said.

South Africa has previously assisted Zimbabwe‚ contributing R300m to the SADC Agriculture Support Programme‚ a portion of which was used for the purchase of seeds‚ fertiliser and fuel for agricultural production in Zimbabwe.

This support was provided through the African Renaissance Fund in terms of an agreement reached in 2008. The African Renaissance Fund is managed by the department of international relations and cooperation.

SA also extended R300m as a Budget Support Grant to Zimbabwe for the rehabilitation of municipal infrastructure‚ including water reticulation‚ health services and education.

This funding‚ which was approved by parliament‚ was given in terms of an agreement reached in 2009 between the Ministers of Finance of Zimbabwe and South Africa.

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Comments
  • CDerrenberg - 2012-09-10 17:15

    Surely this further financial assistance is only for the bank account of Mugabe and NOT to help the poor people suffering at his hand...

      christelle.james.7 - 2012-09-10 18:17

      But wait now, why would they need support? They got what they destroyed the country for......they wanted they land to go back to the people who it is suppose to belong to! Let them build it up. They ANCYL keeps on repeating Africa does not need foreign assistance or investment. All the investors do is steal their money......who the hell is going to help us when we sit where Zim is sitting now?????????

      gieljam.gomtor - 2012-09-10 18:33

      I kinda thought this minister knew what he was doing until now that is.

  • nicholas.graan - 2012-09-10 17:40

    This kind of thing makes a lot of South African tax payers very angry ..

  • larry.piggott1 - 2012-09-10 17:45

    I hope that they tell Biti to go away and look to their mates in China. I doubt that this will happen though, as there is too much "Commission" at stake.

  • crracker.crackerr - 2012-09-10 17:56

    We must not lose sight of the fact that SA is also being burdened by the many Zimbabweans who rely on SA's resources. SA is in fact sustaining the Zimbabwe economic failures. Why?

  • quinton.saul - 2012-09-10 17:58

    Service delivery in SA is falling apart and the jobs are in recession due to less and less people getting work month after month, but SA is willing to keep "promises" made 3-4years ago to give away (because those loans will never be paid back) R300Mil....welcome to our new world!!

  • Stewart Croucamp - 2012-09-10 18:04

    Give that corrupt government our hard earned taxes. What will they do when the money runs out?

  • Masixole Riovendo-rio Matshaya - 2012-09-10 18:20

    I love Zim, id love to see the country get better again, but i think SA has done enough for RM's country, how many of them here illegal and obtaining SA citizens jobs, now you want to take money and give it to ZiMugabe, insanity and absurdity deed minister, , ,

  • gieljam.gomtor - 2012-09-10 18:38

    This Mugabe regime in Zimbabwe who killed its own economy by land grabs and reform are now seeking money from this government who actually endorses the very same tactics of ridding its own farmers albeit by passive or ostrich tactics.

  • douglas.reid.921 - 2012-09-10 18:46

    We are killing our farmers, closing our mines, doing the Zimbabwe thing. Thanks to the genius of Bob we will soon be in exactly the same boat. Whites can all go elsewhere, cadres will live like kings and the poor will starve to death. The african legacy continues. The only ones who will continue to suffer are the poor. The uneducated, ignorant, abused poor. And when the whites are all gone and there are no farms or mines or jobs the cadres will be looking for a bailout somewhere to maintain their palaces and big lifestyles. Same old story.

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