for subscribers

Tourism grows as Zim, China trade ties strengthen

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Harare – Chinese travellers to Zimbabwe are on the rise as trade ties between the two countries strengthen after western investors severed ties with Harare because of alleged rights violations.

President Robert Mugabe has turned to China, Russia and other emerging markets for investments. Analysts told Fin24 however that there was still a gap left by traditional investors pushed out by the regulatory and operating framework.

“Trade ties are growing and there is a significant footprint of Chinese companies in cement manufacturing, construction, chrome smelting. But this has not been enough as the gap left by western and other traditional investors is too big, hence the current investment shortfalls,” said independent economist, Moses Moyo.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.40
(+0.24)
ZAR/GBP
22.76
(+0.05)
ZAR/EUR
20.57
(+0.09)
ZAR/AUD
12.46
(+0.36)
ZAR/JPY
0.16
(+0.36)
Gold
1958.13
(+1.91)
Silver
27.55
(+7.49)
Platinum
966.00
(+3.92)
Brent Crude
45.32
(+2.09)
Palladium
2192.00
(+2.74)
All Share
57419.46
(+0.00)
Top 40
53082.08
(-0.08)
Financial 15
10227.06
(+0.86)
Industrial 25
75743.15
(-0.61)
Resource 10
59161.88
(+0.29)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 987 votes
It depends on how the funds are used.
74% - 6561 votes
No. We should have gotten the loan elsewhere.
15% - 1372 votes
Vote