This morning at the Harare International Conference Centre, the South African Trade delegation was officially welcomed into Zimbabwe as their one week exhibition opened.
Led by the Deputy Minister of Trade and Industry Ms. Elizabeth Thabethe, the delegation is having a two-day exhibition in Harare, one day on Kwekwe and another two days in Bulawayo.
According to presentations made by the South African deputy minister, as well as the Ambassador to Zimbabwe, South African Institutions are sitting on a huge pile of funds, which can be invested in viable projects in Zimbabwe. While some have questioned where is the 700million rand promised four years ago as part of the SADC rescue package to Zimbabwe, the officials pointed out that you cannot wait for the money to be thrown at you.
The way to access the funds is by partnering with South African entrepreneurs, as they are the ones who are able to approach the banks to request the funds, for the purpose of financing joint venture or partnership projects.
Over forty firms came to exhibit, including those in ICT, jewelelry, wines, manufacturing, engineering, infrastructure and agriculture / agro-products.
As long as you have a good proposal, the trade section of the South African embassy will assist you with linking with an SA partner . Well, it looks like the South Africans don’t trust us to use their money wisely; they must have heard about the Rennaissance / Interfin corruption scandals and concluded that Zimbabweans are not creditworthy on their own.
Well, a joint venture is a good idea; it not only opens up access to funding but also allows for importation of modern technology and skills.
If your business is credible and with growth potential, what are you waiting for when the funds are there sitting in a saturated South African business environment?
If you need help in developing a bankable business proposal, please download the Admiral Business Systems Biz Planning Questionnaireor visit my website for resources to help you (http://smebusinesslink.com)