In an interview with Business Day, Ncube assured SA investors that they are welcome in his country, and that reforms he is implementing will bear fruit.
"We are open for business to SA investors," he said. "This is why we are talking about the 'One Stop Shop' under the Zimbabwe Investment and Development Authority, which will fast-track all the necessary work for international investors."
Among Ncube's plans is the privatisation of some parastatals, including the Zimbabwe Mining Development Corporation, Agribank and the People’s Own Savings Bank, mobile operator NetOne, fixed-line operator TelOne, fuel company Petrotrade, Allied Timbers, and the Industrial Development Corporation of Zimbabwe.
“We also want to raise money out of privatisation," he said. “Some of these valuations will be more clear when they go to the market. We know that there is value in them, we also know that it will be a process of further empowering Zimbabweans, crowding in foreign direct investment and local investment.
“We want them [state companies] to privatise, list on the Zimbabwe Stock Exchange or the Johannesburg Stock Exchange and deepen capital markets."
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