No South African Cash for Zimbabwe

President Jacob Zuma has been the state-owned DBSA to fund projects in Zimbabwe to help the country's economic recovery, while also promoting his country's investment agenda.

Senior South African government officials said this week Zuma believes Zimbabwe should be assisted to recover, but does not think giving President Robert Mugabe a rescue package is the way to go as it would not address real issues.

Zuma believes DBSA can help fund viable projects where returns on investments are also guaranteed. DBSA CE Patrick Dlamini confirmed this week that his bank was working on modalities to fund more projects in Zimbabwe.

Officials say South Africa believes it will be mutually beneficial to fund infrastructural projects as this will boost regional trade and stabilize Zimbabwe, stemming the wave of immigrants into its borders.