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Thread: Doing business in Zimbabwe

  1. #1
    Email problem nigelm's Avatar
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    Doing business in Zimbabwe

    What's the general attitude to doing business in Zimbabwe at the moment?

    Many thanks

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    Site Caretaker Dave A's Avatar
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    My understanding is it's DFI hostile right now. Isn't there something about foreign companies having to ensure they have minority shareholdings going on at the moment?
    The trouble with opportunity is it normally comes dressed up as work.

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    Diamond Member wynn's Avatar
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    Doing business WITH Zimbabwe, make sure you are paid upfront in rands US dollars or pounds.

    Doing business IN Zimbabwe, are you suicidal?
    "Nobody who has succeeded has not failed along the way"
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    Email problem nigelm's Avatar
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    There are obviously issues that the government needs to iron out within. They announced laws regarding business ownership prematurely and we are now seeing cabinet make amendments to those initial laws. They (and indeed the majority of us in the business community) realised that some of the regulations proposed just wouldn't work.

    As far as doing business with Zimbabwean companies, I think it's easier to generalise however you will find that there are some of us who still conduct business using credit channels which we have established and maintained with SA businesses throughout the last 10 years or so.

    Important to note that the laws were simply announced to try to included as many Zimbabweans in the process - economically I mean.

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    Diamond Member wynn's Avatar
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    Sorry I shot my mouth off, I didn't realise you were actually in Zim!!
    Is it not possible to register a business vehicle outside of Zim and then do the business there?
    "Nobody who has succeeded has not failed along the way"
    Arianna Huffington

    Read the first 10% of my books "Didymus" and "The BEAST of BIKO BRIDGE" for free
    You can also read and download 100% free my short stories "A Real Surprise" and "Pieces of Eight" at
    http://www.smashwords.com/books/view/332256

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    Platinum Member desA's Avatar
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    When ebagum departs the scene, I'd begin considering Zimbabwe again. Not before that. Sorry.
    In search of South African Technology Nuggets(R), for sale & trading in South East Asia.

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    Site Caretaker Dave A's Avatar
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    Quote Originally Posted by nigelm View Post
    Important to note that the laws were simply announced to try to included as many Zimbabweans in the process - economically I mean.
    The road to ruin is paved with good intentions

    You're not alone - unintended consequences seem to be a growing cause for concern in South Africa too. At least here our gov still seems to acknowledge they exist and perhaps even care to avoid them if reasonably possible.
    The trouble with opportunity is it normally comes dressed up as work.

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    We deal with Zim on a regular basis and have very little issues when it comes to payment.

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    Dave A (16-Apr-10)

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    Site Caretaker Dave A's Avatar
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    Would that be Zim government or Zim companies and citizens?
    The trouble with opportunity is it normally comes dressed up as work.

  11. #10
    Email problem nigelm's Avatar
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    Interesting

    Quote Originally Posted by psifreight View Post
    We deal with Zim on a regular basis and have very little issues when it comes to payment.

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