Addressing Governance , Risk Management & Compliance in 2018. Click Here to Download Full Report.

South Africa knocks back Zimbabwe for emergency loan

South Africa has confirmed it rejected a request to give Zimbabwe a $1.2bn emergency loan in December.The government of struggling Zimbabwe had hoped the money could help stabilise the economy and address the country’s fuel shortages. But a spokesperson from South Africa Treasury said the country “does not have that kind of money”. The spokesperson confirmed that officials from Zimbabwe had approached their department in December to ask for the billion dollar loan.

Newsletter Subscription

Sign Up to enjoy top Finance Articles and Insights Delivered to your inbox.
  • Programic Asia Pvt Ltd may keep me informed with eMails about cfoengage.com & finance newsletters. See our Privacy policy for more details