Short-term Emergency Recovery Plan (STERP) of Zimbabwe, with reference to reply to Question 1462 on 17 July 2013
QUOTE
NATIONAL ASSEMBLY
FOR ORAL REPLY
QUESTION NO: 2359 (NW2851E)
PUBLISHED IN INTERNAL QUESTION PAPER NO: 30-2013 OF 13 SEPTEMBER 2013
Mr LS Ngonyama (Cope) to ask the Minister of International Relations and Cooperation:
(1) Whether, with reference to her reply to question 1462 on 17 July 2013, the R300 million provided to the Short-term Emergency Recovery Plan (STERP) of Zimbabwe will be repaid; if not, why not; if so, what are the relevant details? NW2851E
REPLY:
In support of the Short-Term Economic Recovery Programme (STERP) of the Zimbabwe Inclusive Government, the South African Government extended R300 million as a budget support grant, which does not have to be repaid. The grant was managed and governed by a Memorandum of Understanding signed in May 2009 by the Finance Ministers of the two countries.
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