SA interests in Zim protected - minister

2012-10-30 15:00

Pretoria - South Africa's economic interests and investments in Zimbabwe will remain protected, Zimbabwean Foreign Affairs Minister Simbarashe Mumbengegwi said on Tuesday.

"There is no doubt regarding this country's economic interests in Zimbabwe. They are and will remain protected," Mumbengegwi told reporters in Pretoria.

He was speaking after talks with his South African counterpart Maite Nkoana-Mashabane.

They discussed bilateral relations under the auspices of the Joint Commission for Co-operation.

Nkoana-Mashabane said the implication of Zimbabwe's Indigenisation and Economic Act was raised during the meeting. The law requires all non-indigenous enterprises operating in Zimbabwe to dispose of at least a 51% shareholding to indigenous entities.

Nkoana-Mashabane said: "South African companies will continue to engage with the Zimbabwean authorities on this."

Zimbabwe remained one of the country's top trading partners, she said.

  • Eterni80 - 2012-10-30 15:10

    what a load of $hit.

      francois.smith.7 - 2012-10-30 18:36

      And Paris Hilton is a virgin.

  • annelise.venter.77 - 2012-10-30 15:13

    I know of South African farmers who lost their farms in land grabs that will not agree with the Zim. minister!

      mchingwe - 2012-10-30 15:35

      But they are not South African, they are white! I think before people start making a bee line for Zimbabwe they should ask this minister what he means, then ask Zanu Pf what they want to do and BOB what will be done. You will be surprised that if squeezed long enough the fart sometimes comes through the mouth.

  • captaine.morgan.90 - 2012-10-30 15:30

    Except WHITE South Africans!

  • johan.verster.90 - 2012-10-30 15:59

    Typical politician:he will say ANYTHING just to look good.

  • jerry.medina.756 - 2012-10-30 16:08

    It's about time South Africans own 52% of every tuck shop, kiosks or whatever Zimbabweans own in this country. Makes sense isn't it

      stirer.kathray - 2012-10-30 17:08

      No it doesn't. It smacks of knee-jerk reaction. Something you would expect from a spoiled child. South Africa should lead by example, and demonstrate true democracy. (Wishful thinking, actually)

  • damien.bako - 2012-10-30 18:02

    They can keep the full 100%. Do business with them? Insane.

  • jlushaba - 2012-10-30 18:10

    Zimbabwe, one of the top trading partners? On a scale of 100 myb

  • jlushaba - 2012-10-30 18:11

    Zimbabwe, one of the top trading partners? On a scale of 100 myb

  • robin.stobbs.9 - 2012-10-30 18:32

    Oh yes, and we believe every dribble from your lips!

  • gerrit.vanpletzen - 2012-10-31 03:59

    His real name should be Embarassment Mumbengegwi, for he is lying. The interests of anybody else will not be protected by the corrupt Zimbabwean government. We already saw what they did to their own people. Liar!

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