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Harare - South African businesses invested close to $40m in Zimbabwe in 2013, official figures have shown.
According to latest data from the Zimbabwe Investment Authority, South Africa poured $38.7m into Zimbabwean investments.
China, however, remained Zimbabwe’s biggest source of investment, with the Asian country investing close to $400m in 2013.
China constituted 50% of the $685.8m worth of investment approvals in 2013, with the bulk coming from mining proposals at $214m.
Manufacturing
The Chinese powerhouse invested $389.5m into various sectors such as agriculture, mining, construction, manufacturing, mining, services and tourism.
Other countries who significantly invested in Zimbabwe include the UK with $34m, mainly towards manufacturing and Russia at $40.1m.
Zimbabwe’s total investment figure of $685.8m was however down from the $909m recorded in 2012.
According to latest data from the Zimbabwe Investment Authority, South Africa poured $38.7m into Zimbabwean investments.
China, however, remained Zimbabwe’s biggest source of investment, with the Asian country investing close to $400m in 2013.
China constituted 50% of the $685.8m worth of investment approvals in 2013, with the bulk coming from mining proposals at $214m.
Manufacturing
The Chinese powerhouse invested $389.5m into various sectors such as agriculture, mining, construction, manufacturing, mining, services and tourism.
Other countries who significantly invested in Zimbabwe include the UK with $34m, mainly towards manufacturing and Russia at $40.1m.
Zimbabwe’s total investment figure of $685.8m was however down from the $909m recorded in 2012.
