â€œThe delegation consists of companies operating in the agriculture and agro-processing, built environment professionals, oil and gas, mining and capital equipment, and electro technical sectors,â€ the trade and industry department (dti) said in a statement on Saturday.
Companies on the mission had received assistance from the dti through its export marketing and investment assistance (EMIA) scheme. One of the objectives of the scheme was to increase export market access for South African products and services.
Masinaâ€™s mission was part of the dtiâ€™s efforts to cement economic relations and increase trade and investment between South Africa and Zimbabwe.
â€œThe mission to Zimbabwe will enable the South African companies to identify trade and investment opportunities in the country and to interact with Zimbabwean business people and consider ways in which co-operation, partnerships, and joint-ventures could be established in order to explore these opportunities,â€ Masina said in the statement.
According to Zimbabweâ€™s trade attachÃ© to South Africa Angelica Katuruza â€œthere are unlimited trade and investment opportunities in Zimbabwe that South African companies can take advantage ofâ€.
â€œSouth African companies are welcome to explore the myriad opportunities that are available for both trade and investment in Zimbabwe,â€ she said in the dti statement.
â€œSA companies can export manufactured products to Zimbabwe ranging from foodstuff and various machinery to clothing and textile. In terms of investment, we have a number of companies that would welcome foreign capital injection from SA companies. SA companies that are willing to expand their operations to Zimbabwe are always welcome to do so.
â€œThere are also opportunities for SA companies to invest in Zimbabwean companies or start new companies or joint-ventures mainly in areas such as consultancy services, manufacturing, and agriculture,â€ said Katuruza.
Post published in: Business