• IS provokes sea-change

    It has been a grave mistake to defy both Russia and France, says Leopold Scholtz.

  • Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

All data is delayed
See More

Play nicely, AfDB urges SA and Zim

Jan 03 2013 16:10
*Malcom Sharara, Fin24's correspondent in Zimbabwe

SA trade delegates visit the Olivine soap making factory in Zimbabwe. (Malcom Sharara)

Related Articles

SA imports hit Zim manufacturers

Zim manufacturers say sector in crisis

SA delegation on the move in Zim

SA committed to helping Zimbabwe

No all-weather friend

Don't ignore Zim

Harare - Zimbabwe and South Africa must improve bilateral relations to foster deeper cooperation and economic development between them, said the African Development Bank (AfDB).
In its latest report on Zimbabwe, the AfDB deplored the “love-hate relationship" that seems to exist between the two countries.

The AfDB was responding to a survey by the Confederation of Zimbabwean Industries.

It showed that South Africa unilaterally suspended its 1964 bilateral relations with Zimbabwe as well as some provisions of the Southern African Development Community (Sadc) Trade Protocol, arguing that this would prevent third-party imports from entering the country through Zimbabwe after benefiting from the Sadc rules of origin.

This move, said the AfDB, resulted in a significant decline in exports of manufactured goods from Zimbabwe to South Africa.

“To date, South Africa is only absorbing 12% of the Zimbabwe’s exports, a decline from a share of 30%,” said the bank.

It added that South Africa’s suspension of the bilateral agreement has had a negative impact on Zimbabwe’s export revenue, as SA remains Zimbabwe’s strategic trading partner.

In what seemed like retaliation, Zimbabwe also reintroduced tariffs on certain products originating from South Africa.

Zimbabwe is also concerned about the Brazilian chicken flooding its markets, disguised as South African products.

The AfDB said these developments between the two countries are not consistent with the promotion of a free trade area under the Sadc Trade Protocol.

 - Fin24

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

african development bank  |  zimbabwe  |  trade



Read Fin24’s Comments Policy

24.com 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:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

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

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote