SA sets tough terms on US$1.2bn Zimbabwe loan

Zimbabwe’s debt-ridden government is in a dilemma after South Africa asked her northern neighbour to securitize mineral proceeds in exchange for a US$1.2 billion bailout package, it has been established.

Harare, desperately seeking fresh funding to steer economic growth, is making frantic efforts to reverse rising inflation, boost exports and grow jobs amid growing political tensions.
More to follow…

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