South African Businesses Urged To Invest In Zimbabwe

27 March 2012 16:30 - Mark Maffia

Email Article Print Article

South African Businesses Urged To Invest In Zimbabwe

Elizabeth Thabethe, Deputy Trade and Industry Minister has encouraged South African firms to take advantage of the improving situation in Zimbabwe and invest. Thabethe said, “Zimbabwe has been carrying out economic and structural reforms, which have improved economic performance and sustained growth.” She added, “Since 2009 Zimbabwe has had positive growth rates above 5% per annum, reaching 5.9% in 2010.” Investment in infrastructure development in Zimbabwe would have a high rate of return and lead to an increase in demand for manufactured and capital equipment.

Thabethe concluded that, “There are enormous opportunities in the development of the continent’s vast resources, and the creation of critical infrastructure in roads, railways, ports and utilities.” She said that trade between the two countries stood at R20 billion in 2011. Since 2003, South African companies had invested more than R10 billion in Zimbabwe in development projects. These projects had contributed to the creation of more than 2,000 jobs in the country’s metals, minerals, tourism and financial service industries.

Thabethe also stressed that India and South Africa should seize the opportunities presented by the global economy. The South Africa-India Investment and Trade Initiative, stressed on the need to develop close collaborative relation between the two countries.


Related Links:
• Latest News
Regular news updates
• Economic Calendar
Scheduled economic events


Compare Foreign Exchange and Currency >>

Compare Loan and Debt Products >>

Compare Cards Products >>

Compare Money Products >>

Compare Insurance Products >>

Always dreaming of that brand New car , Vehicle loans can help you achieve just that .
31 August 2018
Which Way To Pay
Vehicle Loans are there to help you to be able to purchase that new car
The south African Rand has been hit drastically with the recent Plunge of the Turkish Lira.
31 August 2018
Which Way To Pay
Our Homeland Currency South African Rand has taken a drastic hit with the Lira on the drop.
Everyone wants that special vehicle , but cant always afford it straight away
18 April 2017
Which Way To Pay
We all know its nice do drive a new car , but not everyone has the cash available , Vehicle loans are the answer