A previous summit to deal with the Zimbabwean question failed to take place in Botswana after Banda and his Mozambican counterpart Armando Guebbuzza failed to make it for the meeting.
Banda and Zuma’s announcement of the special summit follows a three day state visit by the Zambian leader to South Africa that started on Thursday.
Zuma is a mediator to the Zimbabwean crisis, while Banda heads the Southern Africa Development Commission’s (SADC) organ on politics defence and security.
The South African president was then called to intervene in an effort to save the two year old inclusive government after a rift over the appointment of ambassadors and governors.
Zuma was in Zimbabwe last week and expressed “satisfaction” with talks with the country’s leaders following a breakdown in the inclusive government.
A report on the negotiations in Zimbabwe has been presented to the South African leader and Zuma said he expected to meet the negotiators soon.
Negotiations over the implementation of the Global Political Agreement had stalled forcing Zuma to be called to intervene in the dispute that threatened Zimbabwe’s two year old unity government.
Movement for Democratic Change (MDC-T) leader, Morgan Tsvangirai had accused his coalition partner, President Robert Mugabe of making unilateral decisions in the appointment of ambassadors and governors.
Tsvangirai has instituted a lawsuit to force Mugabe to reverse those decisions.