ACDP, IFP favour Zimbabwe loan

2013-04-17 16:38

(Shutterstock)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Cape Town - Two opposition parties said on Wednesday they were in favour of loaning money to cash-strapped Zimbabwe to fund its coming elections.

The African Christian Democratic Party (ACDP) said money spent helping Zimbabweans take ownership of their future through a fair democratic election was "an investment worth the risk".

The Inkatha Freedom Party (IFP) said it supported such a loan on condition it be used primarily for the elections.

It was reported on Tuesday that talks between the two countries about financial help were at a "sensitive stage".

On Monday, Zimbabwe's Finance Minister Tendai Biti said his treasury did not have the capacity to fund the elections, for which the country needed about R1.2bn.

Biti said the Zimbabwean government had written to the UN, South Africa, and Angola asking for loans.

He was reported later on Monday as saying South Africa would contribute R900m.

The elections are scheduled to be held later this year.

The IFP said in a statement on Wednesday it supported such a loan "on condition that it will be utilised primarily in bringing about inclusively free and fair elections later this year in Zimbabwe".

In a separate statement, ACDP MP Cheryllyn Dudley said it was in South Africa's best interests to help Zimbabwe.

Trading partner

The political situation in that country had "impacted significantly" on South Africa over the past 13 years, with many Zimbabweans taking refuge in the country.

However, Zimbabwe had the potential to be a significant trading partner and trading route to the rest of Africa, "making positive relations with our neighbour highly desirable".

The situation was "unfortunate" and clearly an unfair burden on South African taxpayers.

"If, however, we want Zimbabweans to have a stable country to live in, we will have to actively support the democratic elections, and this will mean providing the funds needed," said Dudley.

"The ACDP accepts that money spent on helping Zimbabweans to take ownership of their future through a peaceful and fair democratic election is an investment worth the risk and a move in the right direction."

Earlier on Wednesday, it was reported that Zimbabwe had withdrawn a request it had made to the UN for money to fund its elections, after refusing to accept UN conditions, including media reforms and security issues.

Read more on:    un  |  acdp  |  ifp  |  tendai biti  |  cape town  |  zimbabwe  |  politics  |  zimbabwe elections 2013  |  southern africa

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

24.com 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
31 comments
Comments have been closed for this article.

Inside News24

 
PARTNER CONTENT
INFOGRAPHIC: New thinking required for retirement

Everything we believe about retirement is fast becoming outdated.

PARTNER CONTENT
WATCH: How education can change a life

A university education gives students the chance to create a better future for themselves, their families and to opportunity achieve their dreams.

/News

Book flights

Compare, Book, Fly

Traffic Alerts
Traffic
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

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 24.com network.

Settings

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.