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South Africa turns down Zimbabwe’s $1.2bn loan request

Olubajo elected president of Nigeria union in South Africa
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South Africa turned down a request from its southern African neighbour Zimbabwe for a 1.2 billion dollar loan in December, a spokesman for the finance ministry said on Monday.

National Treasury spokesman Jabulani Sikhakhane said in Johannesburg that “South Africa doesn’t have that kind of money.”

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Zimbabwean officials were not immediately available for comment.

Zimbabwe was hit by anti-government protests last week after a hike in fuel prices stoked anger over an economic crisis.

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Police say three people died during demonstrations that turned violent in the capital Harare and second city Bulawayo.

But human rights groups say evidence suggests at least a dozen were killed.

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Zimbabwean President Emmerson Mnangagwa said on Sunday that he would return home from a European tour and skip the World Economic Forum in Davos to address the crisis.

(Reuters/NAN)

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