All data is delayed
See More

DTI: Invest in Zimbabwe

Mar 27 2012 09:59

Johannesburg - South African business people must take advantage of the improving economic situation in Zimbabwe and invest in that country, Deputy Trade and Industry Minister Elizabeth Thabethe said.

"Zimbabwe has been carrying out economic and structural reforms, which have improved economic performance and sustained growth," she said in a speech prepared for delivery at an SA department of trade and industry business seminar in Harare on Monday.

"Since 2009 Zimbabwe has had positive growth rates above 5% per annum, reaching 5.9% in 2010," she said.

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.

"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 trade between the two countries stood at R20bn in 2011. Since 2003, South African companies had invested more than R10bn in development projects in Zimbabwe.

These projects had contributed to the creation of more than 2 000 jobs in the country's metals, minerals, tourism and financial service industries.

dti  |  elizabeth thabethe  |  zimbabwe


Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills..

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote