South African investors swarm Zambian sectors
South African Ambassador to Zambia Moses Chikane with Tourism minister Catherine Namugala
More than 14 South African investors have shown interest in investing in agriculture, tourism, mining and manufacturing of hospital equipment in Zambia, South African High Commissioner to Zambia Moses Chikane has disclosed.
Mr Chikane said a group of South African investors were last week in Zambia and visited several areas including the Copperbelt Province on a fact finding mission and that most of them after a tour indicated their interest in investing in Zambia.
Speaking in an interview in Kapiri Mposhi at the weekend, Mr Chikane said he is confident that the investors would soon be back to conclude discussions with the Zambia Development Agency (ZDA) on areas of their interest.
“I can confirm that a team of investors from South Africa were last week in Zambia to explore investment opportunities and after their tour of duty they showed interest in coming back to undertake their projects, ”he said.
He said his office has of late been flooded with queries most of them seeking information on investment opportunity in Zambia and paid tribute to the Zambian Government on it’s good policies on foreign investment.
He said most investors were keen to partner with local people and that it was his hope that Zambians would be ready to join hands with them.
He cited the visit by South African President Jacob Zuma recently, which attracted a lot of interest among the investors from his country.
Mr Chikane described the relations which the two countries have continued to enjoy as good and that as a representative of his country, he would continue to strengthen the ties for the benefit of the two people.
The envoy also urged the Zambian media to take keen interest and highlight issues of economic importance for the benefit of the countries.
[ Times of Zambia ]
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Okay please I would not want South African infestors like Ackermann’s,Smart Centre,Guys & Girls,Supreme Furnishers etc who when the tax rebates expire flee the country and come back under a different name.Genuine investors from SA are welcome especially in tourism(Safaris).
#1
Tax rebate should be:when tax-free period expires
The Boer mentality should not be part of their luggage.
lol remember investment is buisness not charity, if the contract has a tax free period and the government is ok with that and there is no clause to prevent these companies fleeing then these investors would be stupid not to ‘invest’ lol, and are also well within there rights to liquidate their companies at the end of there tax free period.
This is welcome as we need more investment.
Although, I would be happy to hear one day a news report that reads, “A group of Zambians from the Diaspora have come to invest in various sectors of Tourism, Agriculture, Real Estate, Manufacturing, Mining and Information Technology”. Wouldn’t that be great.
The term “swarm” hardly qualifies to describe a number of 14 or even 20 investors. Unless of course the writer implies that ours is a very small economy that 14 investors will make a major difference the economy. What should also be taken in to consideration is how much these investors are bringing in collectively.
It starts with you bwana …. #5
They are coming to invest in runing resturants along cairo rd, selling south african made clothes and furniture. Then they will employ a few zambians who will be insulted daily and receive K50 000 as salary.
As if this is not enough, they will engage a few Zambian women to traffic in mandrax by hinding it in their private parts.
Watch the BOERS!!!!
People please wake up investment kwisa, ama grocery nama restrant investment?
They are all into retail>foschini,markhams,picknpay, etc thats all zda is good they have no shame!
And they just pay 50 pin above minimum wage and whats govt doing to protect its peoples from exploitation for next 5 years before franchise is changed to avoid paying tax. Fyabupuba!
What about the energy sector?transport?
Stop fooling us please!