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(TALKZIMBABWE) SA-Zim Investment Forum begins

SA-Zim Investment Forum begins
This article was written by Our reporter on 16 October, at 03 : 43 AM

The fourth edition of the South Africa-Zimbabwe Investment Forum has opened in Harare and 35 firms from the neighbouring country graced the event with a view to look for investment opportunities in various sectors of the economy.

Briefing journalists on the sidelines of the forum, South African Deputy Minister of Trade and Industry, Elizabeth Thabethe acknowledged the relevance of the indigenisation policy, adding that a number of South African firms operating in Zimbabwe are willing to comply.

More than five South African firms have set up shop in the country while investment proposals for this year have reached US$600 million.

Zimbabwe Deputy Minister of Industry and Commerce Mike Bimha said besides direct benefits, there are also some pointers which show progress as far as deepening economic ties between the two countries is concerned.

The Deputy Minister of Economic Planning and Investment Promotion, Samuel Undenge said 70 investment pledges valued at US$680 million have been recorded, a development which shows how the forum is impacting on investment between the two countries.

The investment forum will also be held in Bulawayo in a bid to create awareness on various existing business opportunities in the country.

South Africa is one of Zimbabwe’s biggest trading partners.

However, the trade is skewed in South Africa’s favour with Zimbabwe virtually importing everything.

Labels: INDIGENIZATION AND EMPOWERMENT ACT (ZIMBABWE), TRADE

posted by MrK @ 3:15 PM