Tuesday, 20 September 2016

ZUMA'S SON TO INVEST IN ZIM

THE son of South African president Jacob Zuma, Selby,  plans to invest in a new hotel in Victoria Falls.

In an interview on the sidelines of the re-launch of The Golden Mile Hotel in Kwekwe at the weekend, Mr Selby Zuma described Zimbabwe as a safe and attractive destination for investment.

He said with his local partner, Mr Solomon Matsa, the new owner of Golden Mile Hotel, they had plans to invest more in the country and create employment.

“I love Zimbabwe and I’m always here. One of my sisters is married here. We are looking at a possible joint venture to construct a hotel in Victoria Falls with Solomon,” Mr Zuma said.
He said Zimbabwe and South Africa will always be there for each other even when the economy is not looking well.

Mr Zuma said all countries have problems but what needs to be done is for citizens to work together, pulling in the same direction for development.

“The relationship between Zimbabwe and South Africa dates back to the liberation struggle. My father and other ANC members were protected here in Zimbabwe. We have a rich history between ANC and Zanu-PF and so things will get better,”he said.

Mr Zuma said investing in Zimbabwe would create employment and develop the economy.

Mr Matsa said he came a long way with Mr Zuma and the two were business partners.
Officially opening the refurbished Golden Mile Hotel on Saturday, Acting President Emmerson Mnangagwa said the Government had set aside 378 hectares of land in Victoria Falls for tourism development and the resort town had been identified as a special tourism economic development zone.

Speaking at the same occasion, the acting Minister of Tourism, Cde Makhosini Hlongwane, said the re-launch of Golden Mile Hotel is a major milestone not only to Kwekwe and the Midlands province but to the nation at large in terms of economic revival through tourism.

Despite negative coverage in the Western media, Zimbabwe remains a prime investment destination for foreigners, while locals are gearing to take advantage of the vast natural resources in the country.

Nigerian tycoon, Mr Aliko Dangote, is exploring multi-million dollar investment opportunities in mining and cement production while Russian investors are keen to inject about $4 million into a platinum venture in the Great Dyke.

Delegations from countries that include China, France, turkey and Germany are also eyeing opportunities in sectors like mining, manufacturing, agro processing, tourism and health care. Chronicle

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