Financial assistance takes centre stage as Cyril Ramaphosa flies into Harare
Lindiwe Sisulu says any help to Zimbabwe will have to be approved by SA's full cabinet
Harare — Zimbabwe’s minister of foreign affairs & international trade, Sibusiso Moyo, on Monday pleaded with SA to assist his country’s struggling economy. It was not clear what support SA would offer to Zimbabwe but chances of a bailout from SA appeared slim after international relations minister Lindiwe Sisulu said any major decisions to support Harare would need approval from SA’s full cabinet. In 2018 Zimbabwe requested a loan of R1.2bn from SA which was turned down. Zimbabwe is having to depend on its neighbours for loans as the sanctions imposed on the country by the Western countries continue to bite. Moyo and Sisulu on Monday addressed the ministerial session of the SA-Zimbabwe binational commission in Harare. President Cyril Ramaphosa was expected in Harare on Monday night for a state banquet held in his honour ahead of the main summit on Tuesday. The Zimbabwean government has requested financial support from SA as it does not qualify for credit from international financial...
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