Category Archives: Zimbabwe

South Africa approves $100m loan to Zimbabwe

Amid a lack of aid from Western donors who have imposed sanctions on Mugabe and his inner circle over charges of human rights abuses…

South Africa approves $100m loan to Zimbabwe

Harare – South Africa has approved more $100m (R905m) in budgetary support to cash-strapped Zimbabwe, helping plug a gap in its finances ahead of elections expected in the second half of the year, Finance Minister Tendai Biti said on Monday.

Zimbabwe’s economy has been on the mend since President Robert Mugabe and Prime Minister Morgan Tsvangirai agreed to share power after disputed 2008 elections but is still suffering a hangover from a decade-long recession widely blamed on Mugabe.

Last year, Biti said Harare had approached regional economic giant South Africa and oil-rich Angola for $150m amid a lack of aid from Western donors who have imposed sanctions on Mugabe and his inner circle over charges of human rights abuses.

Pursuant to discussions in September 2012, I’m aware the South African cabinet has made a decision and it’s a positive decision,” Biti told a news conference.

South African officials could not be reached for comment.

Biti said he had also made an additional plea to South Africa and Angola to fund elections expected later this year.

The government borrowed $40m domestically to fund a 16 March constitutional referendum.

It is self-evident that Treasury has no capacity to fund elections. We’re not going to borrow again for the elections,” he said, repeating his call for foreign funding for polls which have an initial budget of $132m.

Zimbabwe has also appealed to the United Nations for election funding.

A visit by a UN team to assess Harare’s needs has been delayed due to squabbling in the unity government but is now expected to take place soon, he added.

Biti said government revenues remained depressed while expenditure, mainly wages, continued to exceed receipts.

A poor farming season and lower-than-expected diamond revenues from the government’s Marange fields continued to weigh on the budget, Biti said.

He added that Zimbabwe expected to harvest 900 000 tons of maize, the staple food, this year, down from just over 1 000 000 tons in 2012 because of a mid-season drought.

Zimbabwe would import 150 000 tons of maize, mostly from Zambia and South Africa, Biti said, but the bulk of purchases would be by private millers and not the government.

SA approves R900m loan to Zimbabwe


White UK pensioners starve in Zimbabwe

1,650 dirt-poor white Zimbabweans including 50 farmers survive on $9 a month and private food-aid from SA

2011-08-1 André le Roux reports in Beeld that some 1,650 dirt-poor white Zimbabwean pensioners in 28 old-age homes – many of UK origin – now are totally reliant on food-parcels brought them from South Africa every six to eight weeks. The biggest reason for their dire destitution is the Zimbabwean regime’s abolition of the worthless Zimbabwean ‘dollar’ 2 years ago – and which wiped out their savings banked in Zimbabwean dollars.

Zimbabwe poor-white pensioners have to survive on $3 and food parcels a month

Zimbabwe poor-white pensioners have to survive on $3 and food parcels a month

So all their savings were wiped out in one fell swoop two years ago. The US dollar and South African Rands now are are the only currencies legally used in Zimbabwe. “These pensioners now have to live on as little as R90 ($9 US) a month or even less,” said Linda Schultz of the Zimbabwe Pensioner Support Fund from Malelane, Mpumalanga in South Africa.

For donations:
Contact: Hannes Botha, chairman of ZPSF
Cell: 084 589 3221
Landline: 013-7900934

Zimbabwe poor-white pensioners have to survive on $3 and food parcels a month2

Pensioner only gets $40 a month: of which the Zimbabwean 'reserve bank' takes $2 and her rent is $35

In one case, a pensioner only gets 40 US dollars a month: of which the Zimbabwean ‘reserve bank’ takes $2 and her rent is $35. That leaves her about $3 US a month for food. These pensioners live in 28 old-age homes countrywide. The fund also supports about 50 white farm-families who were driven from their farm-properties by violent land-invaders. Founder-member Hannes Botha climbs behind the wheel himself every six to eight weeks to take loads of food-parcels across the border. He said the fund is mostly supported by ‘Afrikaans-speaking South Africans’. He’s far less happy about the low level of enthusiasm from formal ‘Rhodesians’, i.e. English-speaking whites, he said. The parcels contain food and medicines and are the only means with which these forgotten 1,650 old-age pensioners still remain alive.

Source – News24
Source – Sewood

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