Ministers in unconvincing bid to market Zim in SA

Patrick Chinamasa

Zimbabwe minister of finance, Patrick Chinamasa

JOHANNESBURG – SOME Zimbabwean cabinet ministers and the country’s central bank Governor, who were in South Africa to market their country to investors, appear to have failed in their mission as their audience was unconvinced by their presentations.

The three officials- Minister of Finance, Patrick Chinamasa, Trade and Investment Minister, Mike Bimha, and Reserve Bank of Zimbabwe Governor, John Mangudya, appeared unimpressive in front of an expectant audience at Breakfast Business Meeting organised by The Herald, their country’s biggest daily publication.

The trio’s presentations were regarded as “shoddy” by many who attended the event held under the auspices of the Zimbabwe’s Trade and Investment Breakfast meeting at the SinoSteel, Sandton, Johannesburg on Friday.

“Of course, all sponsors of the breakfast meeting spoke well but the three key speakers were not serious or panicked in their bid to lure foreign investors.

Mike Bimha, Zimbabwe minister of Industry and Commerce

Mike Bimha, Zimbabwe minister of Industry and Commerce

“To make matters worse, they did not go deep into the Indigenization policy, a policy which is like thorn in the flesh for many investors.

“The way the two ministers and central bank governor spoke appears were just trying to encourage SA investors and their Zimbabwean Diaspora to just go to Zimbabwe with their money so that the government would raise cash for civil servants’ salaries,” said Tshidiso Mangele, a South African-based businessman who attended the event.

Some Zimbabweans living in South Africa, who also attended the event, felt that Deputy Information Minister, Supa Mandiwazira could have been given the platform to market Zimbabwe before the South African investors.

“I listened to Supa Mandiwanzira earlier on Thursday. The guy spoke quite convincingly, eloquently and he articulated the country’s economic opportunities that need to be tapped.

“Apart from his (Supa Mandiwanzira)’s well articulated discussion on South Africa’s leading Talk Show radio, 702, Mandiwanzira also proudly gave convincing reasons why South African investors should invest in Zimbabwe, not the crappy that we saw coming from the two ministers and the central bank governor,” said Zimbabwean technology expert in Johannesburg, Munyaradzi Takaingofa who has big interests in investing in Zimbabwe in infrastructure development and roads construction.

John Mangudya, RBZ governor

John Mangudya, RBZ governor

He runs a construction company in Johannesburg.

Another Zimbabwean concurred with Mawere.

“If the Zimbabwean delegation had allowed Information Minister, Professor Jonathan Moyo, and Mandiwanzira to talk, the Zimbabwean story could have been clearly sent across South Africa and Africa,” said an attendee.

Majority Zimbabweans would have expected even Walter Muzembi to have been part of the delegation so as to articulate the Zimbabwe’s economic opportunities in tourism and wildlife.

Apart from the unconvincing investment talk, the breakfast business meeting went well.

– CAJ News





Short URL:

Posted by on Nov 21 2014. Filed under Featured, Finance, Finance & Banking. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

CAJ News Sponsored Links

Commonwealth Technology Organisation

Connect to CAJ News on Facebook

Subscribe to our Newsletter

Photo Gallery

Log in
All material © CAJ News Africa. Material may not be published or reproduced in any form without prior written permission.