10 September 2012

Zimbabwe: Gordhan to Meet Zim Finance Minister

Photo: Cliff Owen/IMF
File photo:Tendai Biti, Zimbabwe Finance Minister.

Johannesburg — Finance Minister Pravin Gordhan will meet his Zimbabwean counterpart Tendai Biti to discuss Zimbabwe's loan request, the finance ministry said on Monday.

After the meeting, the request would be passed on to Cabinet, spokeswoman Phumza Macanda said.

"South Africa has previously assisted Zimbabwe, contributing R300 million 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."

The previous loan was provided via the African Renaissance Fund, managed by the international relations department.

In 2009, South Africa gave Zimbabwe another R300m budget support grant for municipal infrastructure, including health and education facilities.

Macanda said the date of the meeting could not be disclosed yet.

On Sunday, Democratic Alliance international relations spokesman Ian Davidson claimed Zimbabwe was seeking around R827m from South Africa.

The ministry would not confirm the figure.

Davidson said he had written to Gordhan asking that any funding to Zimbabwe have conditions aimed at helping the country reach peaceful political transition.

The DA was concerned the money would be used for political campaigning and to fund Zimbabwean president Robert Mugabe's militia, rather than for the benefit of the Zimbabwean public.

Copyright © 2012 South African Press Association. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.