zim sa partnership.jpgZimbabwe and South Africa are expected to strengthen economic ties in line with a Bilateral  Investment Promotion and Protection Agreement (BIPPA) deal signed between the two countries in November last year.

 

In terms of the arrangement, representatives of 40 South African firms are in the country to explore possible joint venture deals in the fields of agriculture, mining, manufacturing, tourism and construction.

 

The South African business community is by the end of this week expected to have concluded strategic meetings with government, private sector and industry representatives. 

 

The Head of the South African business delegation, Mr Yunus Hoosen says local firms will benefit from the deals expected to be sealed.

 

“We are really optimistic that in terms of the deals, everything will be done for the benefit of both parties and we hope this will translate into fresh investment opportunities,” said Mr Hoosen.

 

The Marketing Manager of the Zimbabwe Investment Authority, Mr Keith Goto, said it is in the interests of the government and the private sector to take advantage of the BIPPA deal through ensuring business partnerships.

 

“It is still premature but there are hopes that the presence of this investment team will boost investment confidence,” Mr Goto said.

 

Several investment teams from the region and from abroad have visited the country since February last year to explore fresh investment opportunities.

 

However, economic observers say the government should monitor the proposed investment projects from prospective investors to ensure that they are fully implemented.