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Shoprite halts Zim investment plans
NEWSWATCH: South Africa's Shoprite has put its latest investment plans in Zimbabwe on hold according to a report on Mail & Guardian online yesterday, Monday, 12 October 2009, due to the unstable socio-economic and political landscape in the country.
Speculation in the media has been that Shoprite has been setting its sights on acquiring OK Zimbabwe, but the nationalisation of Kingdom Meikles Africa has made various investors cautious.
For more:
Mail & Guardian online: Shoprite puts Zim plans on hold
Timeslive: Shoprite decides against more investment in Zimbabwe
Bloomberg: Shoprite Scraps Plan to Pursue OK Zimbabwe Investment
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