Fin24

DTI: Invest in Zimbabwe

2012-03-27 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.

 

Comments
  • Thomas - 2012-03-27 10:06

    So that the goverment can take 51% ...no thanks!

      Gideon - 2012-03-27 18:10

      Exactly! Are we surrounded by incompetence!

  • Sargon - 2012-03-27 10:09

    What , so Bob can annex it?

  • Sam - 2012-03-27 10:10

    I don't know what this women is smoking... This is a country where Companies are forced to give away major shares to the Goverment!!!

  • DuToitCoetzee - 2012-03-27 10:44

    I will invest there if the Zim gov. give me 51% of the input cost. Take 51% of the risk.(personal liability) Create 51% of the means to do business.(contracts new business, etc,) Commit not to be involve in any other business, as a majority shareholder, that is competition in the same industry.

  • Ian Lyle - 2012-03-27 10:49

    LMAO!!!

  • Alan - 2012-03-27 11:19

    Is she also an illegal immigrant from Zim ?

  • Jan - 2012-03-27 12:01

    The whole world will invest in Zim when the ANC's friends, Mugabe and ZANU PF, are kicked out of power!

  • chris.faurie - 2012-03-27 13:10

    She cannot be serious!!!

  • Robert - 2012-03-27 14:43

    The Deputy Trade and Industry Minister is obviously completely insane, invest in Zimbabwe so Mugabe and hus thugs can take your money through nationalisation. This is the most rediculous report I have ever read !!!

  • Brad.Kopping - 2012-04-12 08:45

    The world will invest in Zimbabwe when uncle Bob is 6 feet under.

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