Mboweni downplays loan-to-Zimbabwe stories

Tito Mboweni, governor of the South African Reserve Bank (SARB), yesterday told journalists that the size of the loan to the Zimbabwean government that South Africa was considering was "nowhere near" the US$1 billion mark previously reported in the press.

Speaking at the release of the SARB's 2005 annual report, Mboweni said that "there have been discussions" involving himself, South African Finance Minister, Trevor Manuel, and their Zimbabwean counterparts regarding a loan. He did not commen