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Shoprite will not invest in Zimbabwe

Retail group Shoprite on Monday, 12 October 2009, announced that it had decided not to engage in investment opportunities in Zimbabwe.

13 Oct 2009

Shoprite will not invest in Zimbabwe

The group said that due to the current socio-economic and political uncertainty in Zimbabwe, it had decided not to engage in further investment opportunities in that country in the short to medium term.

The announcement followed media speculation that the Shoprite group was pursuing the purchase of OK Zimbabwe, it said.

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