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SA, Zim pledge to boost SMEs

Oct 18 2012 07:58

Johannesburg - South Africa and Zimbabwe have agreed to boost development of small enterprises and co-operatives in both countries, the trade and industry department said on Wednesday.

A team responsible for co-operative development in South Africa would visit Zimbabwe by February 2013, according to an agreement signed between the two countries in Harare on Tuesday.

"(It will) study the setting up of a co-operative training academy in that country, explore areas of commodity exchanges and facilitate trade among co-operatives from both countries," the department said in a statement.

"The group will also study... a franchise that seeks to facilitate relationships between small manufacturers, suppliers and the co-operatives, especially in rural areas."

Deputy Trade and Industry Minister Elizabeth Thabethe said in a statement: "The expected beneficiaries of these visits and interaction between governments will be business people themselves. There is a lot that our countries can co-operate in for the development of our small business sector."

The Small Enterprise Development Agency of SA its Zimbabwean counterpart would meet soon to discuss areas of co-operation and the possibility of signing a memorandum of understanding by year-end.

zimbabwe  |  trade  |  sme  |  sa economy


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