Home Economy Zimbabwe to get help from SA

Zimbabwe to get help from SA


At the meeting of the Bi-National Commission (BNC) in Harare on March 12, President Cyril Ramaphosa stated that South Africa would provide loans and financial assistance to help Zimbabwe. The President of South Africa announced that the SA Reserve Bank was engaged in discussions to help the Reserve Bank of Zimbabwe to secure as much as $7 million (R99.8m).

The BNC, which was established in 2015, is the instrument through which South Africa and Zimbabwe conduct their relations.

The private sector is also keen to invest in Zimbabwe, as soon as the reforms bring the long-awaited certainty to the policies.

The President of Zimbabwe, Emmerson Mnangagwa, has confirmed that his country would assure South African investors that their investments were secure.


Please enter your comment!
Please enter your name here