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(FIN24, BLOOMBERG) ANC calls for end to sanctions against Zimbabwe

COMMENT - The ANC calls for an end to economic sanctions against Zimbabwe. - MrK

ANC calls for end to sanctions against Zimbabwe
Jan 22 2019 20:52 Amogelang Mbatha, Bloomberg

African National Congress has called for the lifting of sanctions against neighboring Zimbabwe, where clashes between security forces and anti-government protesters claimed at least 12 lives.

The ANC thought those who imposed sanctions on Zimbabwe during the rule of President Robert Mugabe would change their view after elections that were held in July, Lindiwe Zulu, a member of the party’s highest decision-making body and minister of small business development, told reporters in Johannesburg ON Tuesday.

That’s “despite the challenges that came immediately after that with the deaths of some people,” she said.

Zimbabwe is still subject to US sanctions dating back to the rule of Mugabe, who stepped down in November 2017 and was replaced by Emmerson Mnangagwa. His government is facing the worst economic crisis since a hyperinflationary spiral a decade ago as the nation reels from an acute shortage of foreign exchange and fuel and surging food prices, which led to violent protests last week.

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The US has said sanctions would be lifted only if Zimbabwe demonstrated "fundamental changes."

South Africa and Zimbabwe have close links because many of the estimated four million Zimbabweans who were driven away by the economy’s collapse under Mugabe live in South Africa.

"We are concerned about what is happening in Zimbabwe," Zulu said. “Zimbabwe is our neighbor and when a house is burning next door you don’t fold your hands and arms and say ‘it’s got nothing to do with me’.”

South Africa has offered to use its influence with the International Monetary Fund and World Bank to help broker a debt-clearance plan for Zimbabwe, according to a person familiar with the matter.

posted by MrK @ 4:36 AM