SOUTH AFRICA is working on extending a short term credit facility in the region of $7 million to Zimbabwe to help write off Harares external arrears.
BY BUSINESS REPORTER
According to a report carried by the Daily Maverick, South Africa Finance minister Tito Mboweni and his Zimbabwean counterpart Mthuli Ncube are in talks over the specifics of a bailout package.
In the report, Mboweni is quoted as saying the two countries were discussing the possibility of South Africa extending an existing credit facility just short of R100-million (US$7 211 600,92) which Zimbabwe has with the South African Reserve Bank.
Mboweni …
Read the full article at: https://www.newsday.co.zw/2019/01/sa-working-on-bailout-package-for-zimbabwe/