Saturday, March 24, 2018

Early days, but some SA firms responding to Zimbabwe’s open-for-business pledge

Early days, but some SA firms responding to Zimbabwe’s open-for-business pledge: Robert Mugabe may no longer be at the helm of Zimbabwe Inc, but the mess he created over his 37-year rule remains – the country’s infrastructure is, for the most part, in a sorry state, its economy is moribund and unemployment has reached ridiculously high levels, with figures as high as 90% often cited by commentators. While the jury is still out on whether the military-assisted change of the guard that occurred in November will set Zimbabwe on the path to recovery, the new administration is convinced that, with copious injections of foreign direct investment (FDI), the once thriving country will be able to regain its former glory.

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