ZNCC/SA-Zim Busi­ness Con­nec­tion sign MoU

Chronicle (Zimbabwe) - - Business - Bianca Mlilo Busi­ness Reporter

THE Zim­babwe Na­tional Cham­ber of Com­merce ( ZNCC) and the South Africa Busi­ness Con­nec­tion have signed a Mem­o­ran­dum of Un­der­stand­ing to pave way for col­lab­o­ra­tion in pro­mot­ing busi­ness in­vest­ments be­tween the two coun­tries.

SA-Zim Busi­ness Con­nec­tion was launched in Au­gust 2009 to en­cour­age South African busi­nesses to ex­plore busi­ness op­por­tu­ni­ties in Zim­babwe with a long-term view of re­vi­tal­is­ing the econ­omy.

ZNCC Bulawayo chap­ter chair­per­son Mr Tjidzanani Mal­aba and pres­i­dent of the SA-Zim Busi­ness Con­nec­tion Mr Jus­tice Maphosa signed the MoU doc­u­ment on be­half of their en­ti­ties in Bulawayo last week.

Mr Maphosa is Zim­bab­wean based in South Africa. He is one of South Africa’s big­gest in­for­ma­tion tech­nol­ogy (IT) sec­tor en­trepreneurs, whose IT com­pany, Big Time Strate­gic Group, is re­port­edly worth R5 bil­lion.

Speak­ing dur­ing the sign­ing of the MoU, ZNCC mar­ket­ing man­ager Mr Velile Dube said as a start­ing point, ZNCC was com­pil­ing an in­vestee di­rec­tory, which would list all the com­pa­nies that need in­vest­ment.

“We are com­pil­ing the list of com­pa­nies that need or seek in­vest­ment. South Africa will be com­ing up with a list of po­ten­tial in­vestors and then the har­mo­nious lend­ing of the two will take place. This is the be­gin­ning of that jour­ney,” said Mr Dube.

Mr Maphosa de­scribed the MoU as a re­la­tion­ship of good­will, adding that Zim­babwe’s prod­ucts should give back to the coun­try be­cause it (the coun­try) re­ally needs them.

“We are not here to grand­stand but we are here be­cause Zim­babwe needs us. There are lots of op­por­tu­ni­ties for in­vest­ment here from South African busi­nesses and we are here to get the nec­es­sary in­for­ma­tion needed as there are con­cerns about is­sues of land rights, the bond notes and the in­di­geni­sa­tion pol­icy,” said Mr Maphosa. — @Bian­caMlilo

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