The Ministerial Session will take place ahead of the Heads of State session scheduled for Thursday, 03 November 2016
South Africa is one of the top investors in the Zimbabwean economy
International Relations and Cooperation Minister Maite Nkoana-Mashabane will co-chair the Inaugural Ministerial Session of the Zimbabwe-South Africa Bi-National Commission (BNC) in Harare today, Wednesday, 02 November 2016, together with her counterpart, H.E Mr Simbarashe Mumbengegwi, Minister of Foreign Affairs of Zimbabwe.
The Ministerial Session will take place ahead of the Heads of State session scheduled for Thursday, 03 November 2016, where H.E President Jacob Zuma is expected to co-chair the Inaugural Session of the Zimbabwe-South Africa BNC together with H.E President Robert Mugabe of Zimbabwe.
It is expected that the Ministers will consider and adopt the draft Agreed Minutes and Joint Communique negotiated by Senior Officials on 31 October-01 November 2016, as well as the agenda and programme for the Heads of State session.
South Africa and Zimbabwe have good bilateral political, economic and social relations that are underpinned by strong historical ties dating back from the years of the liberation struggle.
As a result, the two countries decided to elevate their structured bilateral cooperation through an annual BNC, whose agreement was signed in 2015 during President Mugabe’s State Visit to South Africa.
The main objective of the Inaugural session of the BNC is to deepen bilateral relations and cooperation between the two countries and to strengthen and develop the potential that exists for closer ties in the fields of trade, investment, mining, water, energy, infrastructure development, transport, and ICT, among others.
To date, the two countries have signed more than 38 Memoranda of Understanding and Agreements, which cover a broad range of areas, which include among others, trade and investment, immigration and consular matters, defence, agriculture, the environment, energy, health, as well as arts and culture.
South Africa is one of the top investors in the Zimbabwean economy. The trade balance is positively in South Africa’s favour. In 2015, South African exports to Zimbabwe amounted to approximately R25.6 billion while imports amounted to approximately R4.3 billion, indicating an improvement compared to the preceding year.
At present, a number of South African companies continue to operate in Zimbabwe principally in the mining, manufacturing, tourism, and agriculture, banking and retail sectors. South African companies currently operating in Zimbabwe include Anglo American, Implats (Zimplats), PPC Cement, Old Mutual, ABSA, Stanbic, Tiger Brands, Bell Equipment Ltd and Murray & Roberts, among others.
The South African delegation to Ministerial Session of the BNC will comprise Ms Maite Nkoana-Mashabane, Minister of International Relations and Cooperation (Head of Delegation); Ms Nosiviwe Mapisa-Nqakula, Minister of Defence and Military Veterans; Dr Rob Davies, Minister of Trade and Industry; Mr Malusi Gigaba, Minister of Home Affairs; Ms Dipuo Peters, Minister of Transport; and Ms Mildred Oliphant, Minister of Labour.