“The reality is that if Zimbabwe embarks on wide scale nationalisation of the mining industry and South Africa does nothing to stop it, then this will send a message to the world that property rights are not taken seriously in our region – the consequences of which for investment will be devastating,” he said.
“It is unacceptable that South Africa and Zimbabwe have yet to sign the Bilateral Investment Promotion and Protection Agreement (BIPPA). At a media briefing in February Foreign Minister Nkosazana Dlamini-Zuma said an agreement had been concluded and it was simply a matter of the respective trade and industry ministers signing it. But this has been her refrain for years now. Given the serious threat to South African commercial interests in Zimbabwe, it is high time that the government fast tracked the signing of this agreement,” said Gibson.
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