Zim seeks R3.5 billion from SA

Friday, September 10, 2010

Zimbabwe is seeking 3.25 billion rand in an overdraft and credit facility from South Africa, Finance Minister Tendai Biti said on Wednesday, as the country battles to reverse the effects of a decade-long political and economic crisis.

A power-sharing government set up last year by bitter rivals President Robert Mugabe and Prime Minister Morgan Tsvangirai has stabilised an economy ravaged by hyperinflation, which peaked at 500 billion percent in December 2008.

But the government says it needs at least $10 billion for reconstruction.

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Zim seeks R3.5 billion from SA

Zimbabwe is seeking 3.25 billion rand in an overdraft and credit facility from South Africa, Finance Minister Tendai Biti said on Wednesday, as the country battles to reverse the effects of a decade-long political and economic crisis.

Athletics likely to go solo at Olympics

Amidst BFA fights, Sebego raises hand for presidency

Chiefs puzzled by docking of points

Fitness trainer, Zongwane breaks barriers

Khawa dangles largest payout

Ex-badminton official maintains innocence

Kwa Nokeng Oil sponsors young biker with P120,000

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Routine child vaccination imperative