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SA delegation on the move in Zim

Oct 17 2012 16:36
Malcom Sharara, Fin24’s correspondent in Zimbabwe
Harare - Despite a poorly-attended symposium staged for a South African delegation visiting Zimbabwe, sales totalling R22m and a further R107m worth of pending sales were concluded on Wednesday.
The deals came at the end of the two-day Harare leg of the South Africa-Zimbabwe Trade and Investment Initiative.
The South African delegation, led by Deputy Trade and Investment Minister Elizabeth Thebethe and SA Ambassador Vusi Mavimbela, also paid site visits to local companies, including cooking oil maker Olivine, bus maker Deven Engineering and Almin Metals.

The symposium which was held ahead of the site visits gave local companies in various industries - including infrastructural developers and renewable energy startups - a chance to display their goods and services.
A huge proportion of the SA business delegation consisted of representatives from the consumer goods sector.
However, attendance at the symposium was poor as evidenced by the many empty exhibition cubicles. Big companies shunned the event as most exhibitors were either startups or small and medium enterprises.
Despite this, sales worth R22m in total were made at the symposium event, with deals worth R107m set to be finalised by year-end.
In the next two days, the investors will  embark on the last leg of the initiative which will be at the Zimbabwe International Trade Fair in Bulawayo.

 - Fin24

zimbabwe  |  trade


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