MyNews24 is a user-generated section of The stories here come from users.

Language Girl
Comments: 0
Article views: 152
Latest Badges:

View all Language Girl's badges.

To loan or not to loan, is that really the question?

25 September 2012, 09:50

So the Finance Ministers of South Africa and Zimbabwe, Pravin Gordhan and Tendai Biti are set to meet in order to discuss a further loan to Zimbabwe.

On the surface, there is nothing unusual in two countries discussing assistance one to the other, monetary or otherwise. However, in this instance, no matter how much spin doctoring is applied to convey the impression that this loan could be a means of applying pressure to resolve the horrendous political issues in our neighbour to the north, should South Africa even be considering such a huge loan, rumoured to be in the region of R1 billion? There have been at least two other large loans made to Zimbabwe by South Africa in recent years, of R300 million each, which seem to have been merely swallowed up by an out-of-control government beset by political infighting and ongoing disastrous economic policies. Is that really South Africa’s issue to resolve, no matter how many SADC resolutions and promises have been uttered in the name of African unity?

A quick glance at our own financial issues provides an emphatic negative. Millions still live in poverty and squalor in South Africa, without access to basic facilities, despite the numerous promises from the government that progress takes time and that change is imminent. It has been imminent for 18 years – maybe it is time to change the word to pending? Service delivery protests notwithstanding, the state of public hospitals in several provinces is quite simply appalling, and worsening, and the crime rate, spin doctoring aside, again, is little short of scandalous. The police force too clearly needs a severe overhaul, which will also require funding. All of these issues affect us, the South African taxpayer, more particularly because we are supposedly funding these services, which currently are so glaringly lacking, with the taxes which we pay, on pain of prosecution for non-payment ( are you listening Julius?).

Then of course there are the infamous toll roads, the Gauteng Freeway Project. With the ongoing legal battles, with all sides screaming outrage and necessity, alternately, surely that large sum of money contemplated as a loan to another country could go some way towards easing the financial constraints within our own country? Sanral would be more inclined to apply reason and thought to the implementation of the tolls with the possibility of a reduction in its huge deficit by means of an injection of funds from government, surely?

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Thandolwethu Mene
South African ICC exit a step in ...

What is the International Criminal Court and what is its purpose? Read more...

0 comments 3333 views
Submitted by
Michael Mondli Hlophe
Defeating Privilege

Many sceptics will probably read the topic and move on to the next without giving the article the time of day. Privilege is however something that needs to be addressed. Read more...

0 comments 2027 views
Submitted by
Mark Nancarrow
Why I love Cambodia’s capital

There are so many reasons to hate Cambodia’s bite sized capital of Phnom Penh. Open sewers, naked children, piles of burning garbage on every street. Its a dirty, smelly, noisy amalgam. But Phnom Penh grows on you and by the time you leave it will occupy a special place in your heart. Read more...

0 comments 528 views
Submitted by
Nkanyiso Land Tumi
Fees must fall movement is unforg...

I am very shocked to see students protesting in the presence of police as if they're criminals. Read more...

0 comments 5143 views
Submitted by
De Wet Ferreira
Put the 'heal' Back into Mental H...

We all know what do when we cut or scratch ourselves, right? Our first response, without even thinking about it, is to go for the medicine cabinet – grabbing the antiseptic ointment and a plaster or two.  Read more...

0 comments 331 views
Submitted by
Colin Harding
Western cape dams are 30% lower t...

Not to understate the seriousness of the drought that South Africa is caught up in, I am a little concerned when local government state one statistic and the DWA have a different statistic. Read more...

0 comments 1366 views


E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on Android Get the latest from News24 on your Android device.

SMS Alerts Get breaking news stories via SMS.

TV Get us in your home, on your television.

Interactive Advertising Bureau
© 2016 All rights reserved.
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.