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Zuma MDC-T rift widens

by Ndou Paul
06 May 2012 at 04:23hrs | Views
In a move likely to further strain relations between MDC-T and South African President Jacob Zuma , Finance Minister Tendai Biti has accuused the country's leader of failing to fulfil a R1,5 billion line of credit facilities promised by former President Thabo Mbeki.
 
Biti who is also MDC-T secretary general accused Zuma  of putting up barriers and hindering Zimbabwe from joining the rand monetary union (RMU).

He said South Africa's trade policy had become hostile to Zimbabwe after Zuma's rise to power.

"The bottom line is they do not want to see us. Have you asked yourself what Zuma has done for this country since he got into power?

Nothing. In March 2009 we were promised R500 million, but we have not been given that money. If you speak to (Industry and Commerce minister) Welshman Ncube he will tell you more on this," he said.

"South Africa right now has put up barriers and we cannot join the rand monetary union. Zuma has yet to consent to that.

There are certain requirements that a country needs to meet before it can join the monetary union.

Sadc protocol requires that inflation must be below 7% and in this regard we are fine, but the problem comes in on our debts and that is where we are not in compliance."


Source - Byo24News
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