Bloomberg News

South Africa, Zimbabwe Trade Was 17.5 Billion Rand Last Year

March 29, 2012

Trade between Zimbabwe and South Africa was worth 17.5 billion rand ($2.3 billion) in 2011, South Africa’s Deputy Trade Minister Elizabeth Thabethe said.

Thabethe didn’t give data for previous years of trade between the neighboring countries when speaking to reporters in Bulawayo, Zimbabwe’s second-largest city, today. Zimbabwe imported goods, mainly minerals and fuel, worth 14.5 billion rand from South Africa in 2011 while exports to South Africa amounted to 2.9 billion rand.

Thabethe, who is accompanying a delegation of 49 South African companies visiting Zimbabwe, said her country has invested about 10.9 billion rand in its neighbor since 2003.

Zimbabwe has the world’s second-largest platinum and chrome reserves after South Africa.

To contact the reporter on this story: Brian Latham in Johannesburg at in Harare at blatham@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net.


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