Zimbabwean President Robert Mugabe on Wednesday, April 8, 2015 visited South Africa for his first state trip to the country since 1994 in a bid to seek foreign investment for his country’s moribund economy which has been on a downward spiral for over 20 years owing to low growth, low liquidity and high unemployment.
The Zimbabwean economy entered troubled waters in 2001 when it introduced controversial land reforms. Buy 2008, the inflation rate in the country had reached an alarming 231 million percent.
The 91-year old president was made the visit in company of his wife, Grace.
A Zimbabwean government official said: “The economies of the two countries are historically and inextricably linked. Due to its geographical proximity to South Africa, Zimbabwe’s political and economic situation has a direct impact on South Africa.”
