INTERNATIONAL BUSINESS CONFERENCE MONOMTAPA HOTEL, HARARE, ZIMBABWE ( 28 MARCH 2012) OPENING REMARKS By Dr Joseph Kanyekanye President – Confederation of Zimbabwe Industries & Group Chief Executive Officer – Allied Timbers Holdings

Presentation Introduction Zimbabwe Reloaded Forecasted GDP Growth Forecasted Sectoral Areas of Competitive Advantage What we seek Thanks

Introduction Stability and political unity since 2009 Resource rich country with arable land PLUS agric/industry link Education – unquestionably Mugabe legacy GDP growth averaging 7% in last 2 years “The arm of commerce has borne away the gates of a strong city, oceans no longer divide but link” Frederick Douglas 1818-1895 Constraints – I refuse

Zimbabwe Reloaded Gold reserves estimated at $billions but currently producing 12mt per year but capacity to do 50mt/year exists Abundant Nickel under care but can produce 10 000 tonnes Second largest PGM in Zimbabwe worth $400billion. 4 projects on feasibility stage. Abundant coal reserves at 2.7 million tonnes production/year Chrome production rose 167% in 2010 to 517 000t. Zimbabwe Kimberlitic diamonds at 4 million carats and alluvial reserves can account for at least ¼ of world production Manufacturing recovery One stop shop CZI as a partner: invitation, co-operation agreement, enhance trade

ZIMBABWE FORECASTS % p.a. 2011 2012 9,3 7 6 13 10 GDP Growth Inflation – end year 6 Interest Rates (USD) 13 10 Source: Hawkins 2010

ZIMBABWE SECTORAL GROWTH % p.a. 2011 2012 Agriculture 25.0 15.0 Mining 45.0 55.0 Manufacturing 9.5 12.0 Distribution 8.0 10.0 Tourism 6.0 Source: CZI2011

Key areas of competitiveness in Zimbabwe Clothing and textile industry Agro-Processing Chemicals & Tourism Manufacturing - Food Pharmaceuticals Metals and Minerals Technology Wood and furniture

WHAT WE SEEK INCREASED 2 WAY TRADE: HUNT IN PACKS WIN – WIN RELATIONS WITH THE ADVENT OF GLOBALISATION – INTERNATIONAL INVESTMENT HASSLE FREE BUSINESS FREE OF TOO MUCH REGULATION A REAL INTERGRATED SADC CLUSTER IN INVESTMENT THINKING: ACCESS TO THE NORTH INVESTMENT GATEWAY INVITATION TO ZIMBABWE INDUSTRIES AS NEW INVESTORS ESPECIALLY ON VALUE ADDITION LINES OF CREDIT: $2B, 60DAYS, R1B PLEDGED JV PARTNERS: EQUITY, TECHNOLOGY TRANSFER, BUSINESS OPPRTUNITIES, INTERNATIONAL LEASING INNOVATIVE LONG TERM FUNDING

‘I am not smart, I spend more time on the problem than other people" - Albert Einstein THANK YOU SOUTH AFRICA 9