Zimbabwe calls for SA to invest in its privatisation drive
But no plans to make rand the official currency
Zimbabwean finance minister Mthuli Ncube has called on SA investors to put their money into state companies his government is privatising, while also revealing that there are no immediate plans to adopt the rand as an official currency of the country. In an interview with Business Day, Ncube assured SA investors that they are welcome in his country, and that reforms he is implementing will bear fruit. "We are open for business to SA investors," he said. "This is why we are talking about the 'One Stop Shop' under the Zimbabwe Investment and Development Authority, which will fast-track all the necessary work for international investors." Among Ncube's plans is the privatisation of some parastatals, including the Zimbabwe Mining Development Corporation, Agribank and the People’s Own Savings Bank, mobile operator NetOne, fixed-line operator TelOne, fuel company Petrotrade, Allied Timbers, and the Industrial Development Corporation of Zimbabwe.
“We also want to raise money out of p...
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