JOHANNESBURG- South Africa turned down a request from its southern African neighbour Zimbabwe for a $1.2 billion loan in December, a spokesman for the finance ministry said on Monday.
“South Africa doesn’t have that kind of money,” National Treasury spokesman Jabulani Sikhakhane said.
Zimbabwean officials were not immediately available for comment.
Zimbabwe was hit by anti-government protests last week after a hike in fuel prices stoked anger over an economic crisis.
Police say three people died during demonstrations that turned violent in the capital Harare and second city Bulawayo. But human rights groups say evidence suggests at least a dozen were killed.
READ MORE
Revealed: The 11 bullets and how State plotted to assassinate Raila
Spousal consent: Why banks are facing legal hurdles in using property as security for loans
Dancing on Raila's grave: Memorial events turn into a Ruto reelection campaign
Gor Mahia ordered to pay player Sh2.8 million in salary arrears
Zimbabwean President Emmerson Mnangagwa said on Sunday that he would return home from a European tour and skip the World Economic Forum in Davos to address the crisis.
