If you don’t ask, you don’t get, right? The SA Treasury has revealed they’ve turned down a request from Zimbabwe for a monster loan.
A spokesperson for the South African Treasury has confirmed that Zimbabwe officials approached their department last month, in an attempt to secure over a billion dollars’ worth of funding.
Their total request of $1.2 billion – which amounts to just under R17 billion rand – was flatly denied by the Treasury. Jabulani Sikhakhane is a representative for the fiscal authority, and as Reuters report, they told the neighbours to the north that South Africa “does not have that kind of money”.
Life has been brought to a standstill in Zimbabwe since last weekend. A crippling decision to charge more than double for fuel caused widespread protests, which saw 12 people lose their lives at the hands of military and police intervention.
President Emmerson Mnangagwa has since returned to the country after completing various missions abroad, but the damage done to the image of his so-called “new dawn” is now irreversible. As we saw shortly after the Zim Elections in 2018, the man who un-seated Mugabe is not afraid to turn his soldiers on his people.
Zimbabwe protests latest: SA turns down loan request
Their approach for such a whopping loan is indicative of the state the country finds itself in. With the fuel supply dwindling, deliveries of food and essential goods aren’t being made to locations outside of Harare and Bulawayo. Doctors and teachers have also been on strike across Zimbabwe, as tensions remain at the boil.
We saw on Sunday that neither police officers nor soldiers were ready to accept blame for civilian deaths. Instead, a closed press conference blamed “rogue citizens and former civil servants” for stealing uniforms and pretending to be figures of authority, before opening fire on protesters.
A statement on behalf of the presidency did little to calm the situation, either. Mnangagwa’s office promised that “more crack-downs” would be enforced if similar protests started up again. Anti-government sentiment is at its highest point since Mugabe was in charge, and ZANU-PF face an uphill battle to get the people back onside.
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