News / National
Zimbabwe, South Africa to hold investment and trade seminar
23 Mar 2012 at 07:35hrs | Views
Zimbabwe and its biggest trading partner in the world, South Africa, will hold an investment and trade seminar in the country which will be attended by companies from the two countries.
The trade and investment seminar seeks co-operation between the two countries which trade anything from heavy industry equipment to agricultural products.
Two seminars will be held in Harare and Bulawayo respectively. On March 26 the investment seminar will be held at the Rainbow Towers while on March 29 Holiday Inn will host another seminar.
Zimbabwe has been the net importer of South African products over the years after its industries collapsed due to the economic meltdown. Investors have been shunning investing in Zimbabwe because of the indigenisation policy to take over 51 percent of shares in all foreign firms to give to locals.
The trade and investment seminars in the country is likely to dwell on the controversial indigenisation and economic empowerment drive in the country which compels all foreign companies to only hold 49 percent maximum number of shares in any company in Zimbabwe.
The trade and investment seminar seeks co-operation between the two countries which trade anything from heavy industry equipment to agricultural products.
Zimbabwe has been the net importer of South African products over the years after its industries collapsed due to the economic meltdown. Investors have been shunning investing in Zimbabwe because of the indigenisation policy to take over 51 percent of shares in all foreign firms to give to locals.
The trade and investment seminars in the country is likely to dwell on the controversial indigenisation and economic empowerment drive in the country which compels all foreign companies to only hold 49 percent maximum number of shares in any company in Zimbabwe.
Source - news
