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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.
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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