SA to rescue Zimbabwe?
Posted Mon, 18 Jul 2005
Johannesburg - If media reports are anything to go by, Zimbabwe is likely to soon obtain a credit line for electricity, petrol and food from South Africa.
Unconfirmed reports quote banking sources as saying that the South African credit line would be in the hundreds of millions of rands rather than billions of rands.
This follows a meeting between SA Reserve Bank Governor Tito Mboweni with a delegation from Zimbabwe last week.
While the Reserve Bank has confirmed that the meeting took place in Pretoria at the National Treasury offices, the details of the meeting have been kept under wraps.
The Zimbabwean delegation's visit follows that of Deputy President Phumzile Mlambo-Ngcuka who met Zimbabwean President Robert Mugabe and his deputy Joyce Mujuru in Harare recently.
SA clergy paints bleak picture of Zimbabwe | A report by South African church leaders says the deliberate destruction of the informal economy in Zimbabwe is unparalleled in modern-day Africa, and that this may also turn young Zimbabweans into catalysts for conflict.
UN report on Zim ready in two weeks | A United Nations envoy who investigated Zimbabwe's razing of townships will present a report of her findings to UN Secretary General Kofi Annan in about two weeks.
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