Foreign Affairs and International Trade Minister Sibusiso Moyo has called on South African business people to invest in Zimbabwe and take advantage of Special Economic Zones.
While addressing the third bi-annual commission on Zimbabwe and South Africa in Harare on Monday, Moyo said:
I am inviting South African businesses to take advantage of the varied incentives provided for by special economic zones in Zimbabwe. These zones offer incentives that include among others, duty-free importation of capital equipment and tax variables.
The special economic zones that we aim to set up in Zimbabwe’s 10 provinces of Zimbabwe offer opportunities to create Cross broader value tax through partnerships between Zimbabwean companies and South African investors in areas that include mining and engineering, leather, textile and clothing.
A prosperous Zimbabwe makes for a prosperous South Africa and vice versa. As we continue to break new ground within the framework of our bilateral cooperation, I am delighted to note that we have registered tangible progress delivered from our agreements and Memorandum of Understanding (MOUs) which forms building blocks of our Bi-National Commission.
More: Mail and Telegraph
Special Economic Zones (SEZ)s are geographically designated areas of the country which are set aside for specifically targeted economic activities to promote national economic growth by using support measures to attract both foreign and domestic investments. Business activity in the designated areas is subject to... Read More About Special Economic Zone
Sibusiso Busi Moyo is a Zimbabwean politician and a retired three-star general in the Zimbabwe National Army. He is the current Minister of Foreign Affairs and International Trade. Moyo retired from the Zimbabwe National Army with the rank of Lieutenant-General to pursue a career in... Read More About Sibusiso Moyo