South African business delegation expected in Zimbabwe today

The delegation will be the first by the South African business leaders are visiting Zimbabwe since formation last February of a power-sharing government between President Robert Mugabe and his long time rival Tsvangirai.

South Africa, the region’s biggest economic power and which facilitated power-sharing negotiations between Mugabe and Tsvangirai, has offered to make credit lines available to Zimbabwe in a bid to help its troubled neighbour recover from a decade of acute economic recession and humanitarian crisis.

The delegation will also meet Economic Planning Minister Elton Mangoma, Industry Minister Welshman Ncube, Mines Minister Obert Mpofu.

In the afternoon, the team will meet with Zimbabwe’s business leaders at Rainbow Towers hotel.

A number of South African investors such as mining magnets Mzi Khumalo, Patrice Motsepe already have business operations in Zimbabwe while ANC stalwart Tokyo Sextwale’s Mvelaphanda group is said to be scouting for opportunities in Zimbabwe.

Representatives from Mvelaphanda are already in Zimbabwe and will join their colleagues who arrive today.

Despite Zimbabwe’s economic crisis which started almost a decade ago, Tshwane is still Harare’s biggest trading partner. – ZimOnline