News / National
Zimbabwe bail-out package talks on course: SA envoy
30 Jan 2019 at 15:58hrs | Views
There is progress towards Zimbabwe getting a financial bail-out package from South Africa.
This was revealed by South Africa's top envoy to Zimbabwe Ambassador Mphakama Mbete when he paid a courtesy call on Vice President Retired General Dr Constantino Chiwenga this Wednesday morning.
He revealed that talks have started between the two countries but details are being kept under wraps because of the sensitive nature of the discussions.
Ambassador Mbete was accompanied by South African embassy in Harare Political Counsellor Mr Linda Maso and two representatives from Bonolo Trust Engineer Thapelo Tshepe and Mr Hillary Chirimumimba.
The ambassador was leading representatives from a mining concern, Tumugoke Consortium, which is in the country to explore investment opportunities in the mining sector.
After a closed door meeting, Ambassador Mbete addressed journalists where he confirmed talks of a bail-out package for Zimbabwe commenced last December between the ministers of finance and the reserve bank governors of the two countries and some progress has been achieved.
The ambassador refuted reports being attributed to South Africa's Minister of Finance Tito Mboweni saying there is a long- standing framework of cooperation between Zimbabwe and South Africa.
The South African government will not be swayed by utterances that were made by opposition leader Mmusi Maimane of the Democratic Alliance Party who has indicated that he will be coming to Zimbabwe to meet some opposition political leaders.
Executive chairman of Bonolo Trust, Engineer Thapelo Tshepe spoke about the benefits that the two countries will derive from the mining investment.
The government of Zimbabwe is forging ahead with various interventions to continue attracting regional and international investors as well as enhancing the ease of doing business in the country.
The measures include the introduction of a one stop shop under the Zimbabwe Investment Development Authority and the repatriation of funds.
This was revealed by South Africa's top envoy to Zimbabwe Ambassador Mphakama Mbete when he paid a courtesy call on Vice President Retired General Dr Constantino Chiwenga this Wednesday morning.
He revealed that talks have started between the two countries but details are being kept under wraps because of the sensitive nature of the discussions.
Ambassador Mbete was accompanied by South African embassy in Harare Political Counsellor Mr Linda Maso and two representatives from Bonolo Trust Engineer Thapelo Tshepe and Mr Hillary Chirimumimba.
The ambassador was leading representatives from a mining concern, Tumugoke Consortium, which is in the country to explore investment opportunities in the mining sector.
After a closed door meeting, Ambassador Mbete addressed journalists where he confirmed talks of a bail-out package for Zimbabwe commenced last December between the ministers of finance and the reserve bank governors of the two countries and some progress has been achieved.
The ambassador refuted reports being attributed to South Africa's Minister of Finance Tito Mboweni saying there is a long- standing framework of cooperation between Zimbabwe and South Africa.
The South African government will not be swayed by utterances that were made by opposition leader Mmusi Maimane of the Democratic Alliance Party who has indicated that he will be coming to Zimbabwe to meet some opposition political leaders.
Executive chairman of Bonolo Trust, Engineer Thapelo Tshepe spoke about the benefits that the two countries will derive from the mining investment.
The government of Zimbabwe is forging ahead with various interventions to continue attracting regional and international investors as well as enhancing the ease of doing business in the country.
The measures include the introduction of a one stop shop under the Zimbabwe Investment Development Authority and the repatriation of funds.
Source - zbc
