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All Of Us Are Concerned About Zimbabwe - SA Finance Minister

1 year agoFri, 26 May 2023 05:59:46 GMT
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All Of Us Are Concerned About Zimbabwe - SA Finance Minister

South Africa’s Finance Minister Enoch Godongwana said that his country supports Zimbabwe’s implementation of key reforms to resolve its debt problems.

Gondongwana presented a message of support during a round-table meeting on Zimbabwe’s debt arrears clearance at the African Development Bank (AfDB)’s 2023 annual meetings on Wednesday.

He said any challenge faced by Zimbabwe will also affect South Africa’s economy, hence the need to resolve Zimbabwe’s debt crisis and end economic sanctions. Said Gondongwana:

All of us are concerned about Zimbabwe. Economic sanctions continue to place Zimbabwe further into unsustainable debt. We support this [debt reforms] initiative with all our effort.

In February this year, President Emmerson Mnangagwa said the Government was committed to a plan to clear more than US$6 billion of external debt arrears which were hindering its access to international loans.

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Zimbabwe had more than US$14 billion in external debt as of September 2022 and has been unable to secure loans from the likes of the International Monetary Fund in more than twenty years, due to its arrears.

Zimbabwe, together with the AfDB and other development partners is working on a process to clear its debts and arrears.

More: Pindula News

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57 Comments

Anonymous · 1 year ago
lets adopt the rand, thats my feeling
Anonymous · 1 year ago
Zimbabwe was suspended from accessing Brettonwood institutions funds in the year 2000 when it started defaulting in payments and fell into arrears The GNU was formed in 2009 so it is the height of naivety for the likes of @miss Jessica to say our debt ballooned during the GNU
¹Miss Jessica · 1 year ago
My friend, when we talk of dept kah Gara pasi and umbo teerera, Zimbabwe inherited dept from Smith (Rhodesia) back in 1980, but its the magnitude and the defaults. Our dept indeed ballooned after the GNU haisi secret iyi shaa
¹Miss Jessica · 1 year ago
I've been saying this kubva kare, correct me if I'm wrong but mese CCC's just come musina any facts and ndoopamuno kuwarira ipapo, we saw this even in those con-court sessions... Chamisa's lawyers had all the words but dhololo evidence. We can't let our country be gorvened by emotions, never! That GNU was a mess, correct me if I'm wrong!
Anonymous · 1 year ago
Imi mune evidence ipi nhai sisi? Saying maCCC have got no evidence is not evidence itself Chitipa mafigure edebt acho and the evidence that it ballooned because of the GNU Pawataura pose apa hapana chandawona which can be called evidence to support your statements
Anonymous · 1 year ago
....and the other problem with you sister is that you label everyone who has a different opinion from yours CCC Why? Is it because it has got many followers?
Bhomora Zvekuti · 1 year ago
Guys don't waste your time arguing nekamwana aka, she was a baby during the GNU phase, she is relying on Google kuwana info. Isusu we lived it and saw what happened Grace Mugabe ayigara ku Blue roof, akavaka Mai Mugabe School, she went for shopping to Paris and UAE, she bought farms and started gushungo dairy. Saka Jessica ari kutaura nezve debt and yet haazive kuti there was abuse of power from Zanu Pf before and after GNU vakaba 15 Billionn USD which hasnt been recovered. Nganyarare uyo, she has no facts. Hapana chaanoziva Jessica uyo
Anonymous · 1 year ago
What the Hon South African minister said is called political posturing After saying that they go back to their country and chase away Zimbabweans telling them to go back home and fix their country As for those who are saying our external debt ballooned during the GNU do your homework and get your facts right
Anonymous · 1 year ago
Gondongwana akarasika zvake.. Asi akange anwa mutoriro wakawandisa? Kutadza kuziva Corruption irikusvika ku South Africa chopaz ozonyepera kuti ma sanctions..!
Cadres · 1 year ago
GNU at its best
msokoti · 1 year ago
gnu came to the rescue ,, zimbabweans were in the deepest sh** that I can never forget.
Tswibi · 1 year ago
MDC is the one that rescued
Game of thrones · 1 year ago
Kana wakarira kumusha usina kumbopinda mu town, everything kwauri zvinenge zvitori bhooo n normal ukakurira muZim using kubhobudawo kunze everything zvinenge zvitori bhoo n normal Asi ukazombobudawo muZim ndopaunovhunduka kuti nhaimi salary inopihwa munhu ye mwedzi wese zvairi mari inoshandirwa 1 day. unopepuka Ndopaunona kuti aaah inga imba yakanaka inotengeka within a year, inga range rover inotengeka haishamisire. saka mamwe comments anongokuratidza kuti munhu akavharirwa mupoto, akavhurirwa pfungwa dzinotokwana
Patriot · 1 year ago
u are welcome minister
Bhomora Zvekuti · 1 year ago
You foools are clearly uneducated and u know nothing about the Zanu. $15 Billion USD was stolen how many years after the GNU? Who was encharge? Was it ever found? A young man got arrested for addressing that issue on Youtube achichemaa kuti 15 billiion yakabiwa. Grow up. This whole debt thing is utter nonsense when $15 Billion Usd gets stolen and is never recovered. Chombo akawonekwa ane 10 million dollars cash in his house.
¹Miss Jessica · 1 year ago
The audacity of calling Zimbabweans fools! Get a hold of yourself Bhomora
bovora ngoma · 1 year ago
US 6 000 000 ye COTCO iripi nhai Jessi?
inin · 1 year ago
munhu ari. kuti correct me bt. yu still insulting her /him by why u. gyz munofunga zvekungoshora vamwe sei just give her /him new ideas. not kungotuka munhu
Cist · 1 year ago
munhu anotukwa kuti anzwisise zvataurwa kare
Big Dhara Munhu Mukuru · 1 year ago
Matauriro ake anoratidza kuti she was probably still in primary school during GNU. Jessica akaita zvekuveranga pa Wikipedia, she wasn't mature enough to understand the reality of that time. MDC rescued our lives by signing the papers coz the economy had already decayed
¹Miss Jessica · 1 year ago
@bigdhara I'm not against the GNU, neither am I saying it was useless. I'm saying, the amount of dept Zimbabwe accumulated during that period is greater than us celebrating Tsvangirai, Mutambara & even Chamisa. This guys are/were good borrowers, something Zimbabwe is still paying for.
.... · 1 year ago
How much debt was accumulated? Let's talk figures with references. I've noticed that most of people fed by the ruling party they spread propaganda as kf everything is working properly in this country. Rest assured before GNU we were drowning in debt and the credit facilities we had had lost confidence is us cause we were failing to pay installment in time. The economy had no sign of growth or whatsoever, then during GNU things started to have a direction. Well after that we seem to be incurring more debt than ever before. New parliament building belongs to Chinese so as Hwange thermal extention and few other power projects done nationwide. Minerals now benefit individuals instead if the economy.... Sanctions can be cleared if we try and ease human rights violations especially killing innocent citizens and claim that guns were pointing 45°up whilst videis and pictures show that soldiers were aiming at unarmed individuals. Our justice system is just something else. Media is state owned, list is endless
Bhomora Zvekuti · 1 year ago
🤔Miss Jessica excuse me hello. In 2008 before the GNU what was the state of Zimbabwe under Zanu coz i was 15 years old that time. I remember how terrible life was, we used bearer's cheques and chingwa and sugar zvainetsa kuwana. So pliz stop embarrassing yourself pano, shaaa washaya zvekutaura.
¹Miss Jessica · 1 year ago
Man, I'm talking of the debt Zimbabwe accumulated during/after the much glorified GNU. Zimbabwe's state was manipulated to such an extent that individuals like yourself see GNU or the opposition as heroes.
¹Miss Jessica · 1 year ago
🤣 Ok
vhh · 1 year ago
surely the south African government should be worried about our economy because if things change they wllb nomore Zimbabweans in there country. Nomatter what if Zim is not in a proper state foreigners in there country will not stop coming
Cdes · 1 year ago
Kana zvichirema gadzika pasi,usasimudze dombo rakakura kudarika simba rako kana newe unoti urikuiteiko kkkk pasi rinoona kukundikana kwako🤣🤣
Chiombe · 1 year ago
Economy muniziva, haisi Iya yamabhuku
¹Miss Jessica · 1 year ago
This minister's talking about debt, well I'm reminded in that GNU era... After that union, Mugabe succumbed to Tsvangirai's pressure group and borrowed money from western states and the general populance up to this day still glorifies that union but what these guys merely did was ask/beg loans taking Zimbabwe into serious debts. And some time around 2010-2011 Mugabe pushed the look east policy, he'd picked up the irregularities but it was too late & possibly realising the toxicity of these western states but somewhere along the lines he again made one-two-many mistakes. But the current president is on the right track, if only you'd pick some wisdom in all those speeches. S.A should worry about itself, we're very much capable of handling our own under ED.
V for Vegetta 🔱 · 1 year ago
Yet people glorify the GNU, saying the opposition did a good job. Look at us now. The opposition also caused adoption of multiple currencies and now we can't shake off the chains o the US dollar. A country with no identity. Support CCC at your own peril. Pamberi ne Zanu PF.
Mr Justin · 1 year ago
Bunch of mha tas iwe @jessica
¹Miss Jessica · 1 year ago
I like your reasoning already!
.... · 1 year ago
We need new leaders let's, Vote wisely for a better future. Vote CCC.
Anonymous · 1 year ago
You are so deluded. Mugabe was dishonest and incompetent and Ed is following in his footsteps.
Anonymous · 1 year ago
If capable create jobs iphi inkinga
QQ · 1 year ago
Why depend on credits when we have ivory, gold, platinum, diamonds & litium @ our disposal as a country? Zvatinazvo senyika zvinokwana kuti tiite zvatinoda totopawo vamwe zvikwereti nema donations
3
Lionel Macharika · 1 year ago
where do u want to sell your minerals while u are under sanctions. I think most of pple on Pindula if they have chance to go to the parliament they become Zvidhomudhomu
Anonymous · 1 year ago
After the Al Jazeera gold scandal? Please be normal.
Anonymous · 1 year ago
We'll said..Illegal Sanctions hinders progress in Zimbabwe Economy. .Why these Loan mongers pushes Zimbabwe Government to Reforms before giving the Country a Loan?..If they renage after the Reforms like they did after Lancaster House Agreement of 1979..I say to these Multinational Loan Mongers the likes of IMF and the World Bank first ..YOU ..Reform by removing Illegal Sanctions on Zimbabwean Government and Masses first. How do want to Zimbabwe Government to corner of Reforms under the CLOUD OF ILLEGAL SANCTIONS? ..I say NO...Zimbabwe Government must not agree to those unuderstable Reforms. .
Anonymous · 1 year ago
Which sanctions?Why do we blame targeted sanctions on individuals for our failures.Open your eyes, corruption and looting of resources is taking place unabated.John Mangudya himself proclaimed that Zimbabwean gold is not under sanctions.
t · 1 year ago
Godongwana anenge weZanu uyu hakuna chiZulu chkadai

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