GOVERNMENT will next week lead a business delegation to neighbouring South Africa to scout for joint venture partnerships, credit lines, as well as finding a market for Zimbabwean products in that country, NewsDay has established.
BY MTHANDAZO NYONI
In a letter dated June 15, 2016 and signed by director for international trade in the Ministry of Industry and Commerce, Beatrice Mtetwa said the deputy minister of Industry and Commerce, Chiratidzo Mabuwa, will lead a business delegation to South Africa from July 18 to 22 to scout for credit lines, among other things.
“The objectives of the mission will be to scout for joint venture partnerships, credit lines as well as finding a market for Zimbabwean products in South Africa,” she said.
“The delegation will comprise companies in manufacturing, mining, infrastructure, tourism and services among other sectors. I, therefore, invite you to the mission, as we move forward in our quest to revamp the economy through joint venture partnerships and exports promotion.”
Mtetwa’s sentiments come as Zimbabwe is facing a worsening cash crunch, as a widening deficit and a stronger United States dollar weigh on the economy.
The biggest industry body, Confederation of Zimbabwe Industries (CZI), welcomed the decision by the government and urged its members to take part.
“As CZI, we have often expressed concern of government delegates that undertake visits outside the country, without involving the business community. Perhaps the message is finally reaching the ears of our policy makers,” CZI chief executive officer, Clifford Sileya said.
South Africa is Zimbabwe’s largest trading partner, accounting for about 70% of imported goods in the southern African country.