TRANSPORT and logistics group, SA Roadlink is ready to do business in Zimbabwe once a bilateral investment agreement is signed, group chairman Allan Reddy said this week.
But worries over the countryâ€™s dilapidated road infrastructure will determine how soon the group would start operations in the country.
Reddy told businessdigest on the sidelines of a business luncheon this week that SA Roadlink was keen on investing in Zimbabwe as soon as possible but believes there was need to provide the infrastructure before starting operations.
â€œFirst we have to go home and do some homework but we are confident that the political environment is good for business. We are ready to rock and roll but first we need the infrastructure to enable us to do business,â€ Reddy said.
Reddy added that once infrastructure concerns are addressed, the transport group was looking at an initial investment of up to R30 million.
â€œWe are looking at possibly investing around R20 million – R30 million and starting with at least 10 coaches,â€ added Reddy.
Years of a protracted power struggles and economic problems in Zimbabwe left the countryâ€™s infrastructure on its knees. The countryâ€™s major roads are littered with potholes.
Reddy is chairman of the SATLOG Group, the holding company which owns SA Roadlink, Tour Link and Transport Logistics.
SATLOG also has interests in the leisure, tourism, bottling, property and mining sectors of the South African economy.
Reddy was part of a business delegation that jetted into the country this week to pursue investment opportunities.
Deputy prime minister Arthur Mutambara and Finance minister Tendai Biti spoke with one voice at luncheon and assured the businessmen that Zimbabwe was now a safe investment destination.
South Africa and Zimbabwe are expected to sign a Bilateral Investment Promotion and Protection Agreement next week.
BY CHRIS MURONZI