SA-Zim Business Forum oversubscribed

Zim-SA Business Forum

South Africa- Zimbabwe Business Forum, photo by Savious Kwinika, CAJ News

from SAVIOUS KWINIKA in Pretoria, South Africa
Africa Editor
PRETORIA, (CAJ News) – THE ongoing SOUTH Africa- Zimbabwe Business Forum has been oversubscribed highlighting the keen interest among investors from both countries

Several businesspeople were at the Pretoria venue of the forum as early as 6:00am, two hours before the event was scheduled to begin.

Market watchers interviewed by CAJ News concurred the SA-Zim Business Forum was the largest since the turn of the millennium.

South Africa’s minister of Trade and Industry, Rob Davies and his Zimbabwean counterpart Mike Bimha concurred the forum was subscribed.

This was also confirmed by African News Agency (ANA) Bureau Chief for Pretoria, Jonisayi Maromo, said the over-subscribed business forum was a result of growing business opportunities between the two countries.

“The over-subscribed business forum shows the potential of trade and reciprocal investment in the two countries.

“With the ailing Zimbabwean economy, it is imperative for Harare authorities to lure new investment and also seek an increase on the existing investments,” said Maromo.

Business Day senior journalist, Samuel Mungadze, said the over-subscribed business forum confirmed the stronger relations that existed between the two countries.

“It’s a demonstration of long standing relations between the two countries. The two nations (Zimbabwe-South Africa) have hope and belief that there is potential of mutual and beneficial relations,” said Mungadze.

Apart from business communities from South Africa and Zimbabwe, there was a notable presence investors from Brazil, Russia, India, China and SA (BRICS) at the forum in Pretoria.

The forum follows Zimbabwe President, Robert Mugabe’s three-day state visit to neighbouring South Africa, at the invitation of President Jacob Zuma.

Since the formalisation of relations between South Africa and Zimbabwe in 1994, the two countries have enjoyed cordial bilateral relations under the structured mechanisms of the Joint Commission for Cooperation (JCC) and Joint Permanent Commission on Defence and Security (JPCDS).

This week, the elevated bilateral relations with the signing of five agreements set to benefit both countries.

– CAJ News

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Posted by on Apr 9 2015. Filed under Africa & World, Featured, Finance, Finance & Banking, Investing, National, News, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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