Zim wants SA rescue package

[MickeyD]

Bloody hell!!!! First he effectively chases away foreign investors via his own policies and now he comes to us with a begging bowl???

Johannesburg - Zimbabwe has asked South Africa for a $50m rescue package for struggling companies in Bulawayo, The Herald in Harare reported on Friday.

It said the matter was raised in a meeting between Zimbabwean President Robert Mugabe and President Jacob Zuma in Johannesburg last Friday.

Zimbabwean presidential spokesperson George Charamba confirmed the request, saying Zuma had agreed to look into ways his government could assist.

Charamba said a figure of $50m had been mentioned as a possible rescue package for ailing companies in Bulawayo, Zimbabwe's industrial hub.

The firms were failing to access cheap finance for recapitalisation, causing many of them to close down or scale down operations.

As a result, thousands of workers were losing their jobs to the street.

Mugabe told Zuma some of the firms required as little as $500 000 to revive operations, Charamba told The Herald.

http://www.fin24.com/Economy/Zim-wants-SA-rescue-package-20110617

 

[Venomous]

how the hell is SA suppose to help if SA has so many problems of its OWN?

 

[Jola]

Don't think that it is a good idea, it just helps to prop the Mugabe regime up - and it's MY tax money that would go to that corrupt tyrant !!!

 

[boramk]

I hope they don't give it, simply because I know it won't be managed well, most of it will be pocketed.

I remember we gave billions back in 2003

 

[Roadrunner]

And as we all know the 'companies' who need this handout is owned by none other than Grace Mugabe.

Maybe she needs a wardrobe makeover.

 

[Shibal]

Bob Mugabe is confident that he will get this from his old gat gabba comrade Zuma.

 

[LazyLion]

I know exactly whose pocket that R50 million will end up in.

 

[Albereth]

Computer says no

 

[rorz0r]

Hahahahahahaha

 

[Jola]

Computer says no

Your computer is obviously smarter than the ANC Government !!!

 

[Albereth]

Your computer is obviously smarter than the ANC Government !!!

I've got stuff underneath my shoes smarter than the ANC government

 

[Jola]

I've got stuff underneath my shoes smarter than the ANC government

 

[Kosmik]

All I have to say is

FU

Didn't we alraedy give them tons of aid? Didn't they just spend a fortune buying more fighter jets than us a while back? I think people will riot if they give aid, especially with the current xenophobia.

 

[Ronjay]

I've got a R100 'says Gov gives them the money.

 

[hawker]

No no no!!

But ol Msholozi will give it to comrade Bob anyway.

 

[MickeyD]

I've got a R100 'says Gov gives them the money.

I will not accept that bet. Odds on (1 to 1000000000000000000000000000000) that Bob's gets his dosh.

 

[Ronjay]

I will not accept that bet. Odds on (1 to 1000000000000000000000000000000) that Bob's gets his dosh.

LOL. Yip, no one would be daft enough to bet against that.

 

[dj_jyno]

I've got a R100 'says Gov gives them the money.

See your R100 and raise you R900. With odds so good, I'm willing to take my chances.

I think mass action protesting against the payment is in order...

 

[Ockie]

If we do (and I am certain the JZ running this country will give it)....it will be funding a dictator! South Africa will be funding a country that openly and blatantly terrorizes its own citizens, causing them to flee to our cities putting even more pressure on our resources!

 

[Creag]

When our people are out of poverty, have proper housing (incl. toilets completely enclosed ), food on the table, jobs, etcetera, etcetera.

And then ... when Zimbabwe is democratically free and their illegal millions residing and mooching here have gone home, maybe then

Until then ... Hell no!!!