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Mugabe, Zuma discuss adoption of South African rand by Zimbabwe

President Robert Mugabe is due to meet with President Jacob Zuma on Tuesday this coming week.

Zuma’s spokesman has confirmed this and he highlighted that the South African president will be hosting Mugabe to discuss several bilateral matters, among them the adoption of the South African rand by Zimbabwe.

‘President Jacob Zuma will on the 3rd of October 2017, host the president of the Republic of Zimbabwe, His Excellency President Robert Mugabe, during his official visit to South Africa to attend the 2nd Session of the South Africa- Zimbabwe Bi- National Commission (BNC) scheduled to take place in Pretoria’ said Ngqulunga in a statement. Zimbabwe and South Africa have a bi lateral agreement that was signed in April 2015 and it was inaugurated in October 2016. This agreement proposed that the two heads of states have to meet annually on a rotational basis.

‘President Zuma and President Mugabe are also expected to deliberate and exchange views on regional and global issues of mutual concern, particularly peace, security, stability and development in the Southern African Development Community region and some parts of the
continent’ said Ngqulunga.

He also further noted that South Africa and Zimbabwe have good bilateral political, economic and social relations underpinned by strong historical ties dating back share strong historical relations
but also economic cooperation.

Ngqulunga said that Zimbabwe is one of South Africa’s top five trading partners on the continent, with trade statistics showing annual growth. In 2016, South Africa’s exports to
Zimbabwe amounted to approximately R29.3 billion.

He also said that this meeting will give the two countries a platform to review the bilateral relations between the countries.
‘There are over 120 South African companies doing business in Zimbabwe in various sectors including mining, aviation, tourism, banking sector, the property sector, the retail sector, construction sector, and the fast food sector and many more.’

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