You are seeing this because you have not yet updated your iBlog. Click on settings to edit...
Zim economy 'offers many opportunities'
13 years ago | 4965 Views
Johannesburg - The remarkable recovery of the Zimbabwean economy offers many opportunities, says Imara, a company specialising in investments in South Africa's neighbouring countries.
This has been confirmed by some South African companies operating in that country.
The recovery has taken place since the country's February 2009 acceptance of the American dollar as currency.
At Victoria Falls tourism group Tourvest recently opened a new lodge, which is fully booked up to November, said executive director Khehla Mthembu. “Zimbabwe has been good to us in recent months.”
The group is currently on the lookout for opportunities in the environs of the Hwange National Park, which is about two hours’ drive from Victoria Falls.
Pretoria Portland Cement [JSE:PPC] chief executive Paul Stuiver said cement sales had been particularly poor two years ago, but had improved to such a degree that the group cannot keep ahead of production in Zimbabwe.
Construction group Group Five recently entered into a R1.4bn partnership with the Zimbabwean National Roads Agency for the planning, design and construction of the first phase of a new road network for the country.
Funding is being supplied by the Development Bank of South Africa (DBSA).
From the network’s completion early next year until 2031 the group's toll operator, Intertoll, will operate toll roads on the roads stretching from Plumtree to Harare and from Harare to Mutare (780km in all).
The fact that the DBSA is funding the project limits the risk, says Group Five.
Source: fin24
This has been confirmed by some South African companies operating in that country.
The recovery has taken place since the country's February 2009 acceptance of the American dollar as currency.
At Victoria Falls tourism group Tourvest recently opened a new lodge, which is fully booked up to November, said executive director Khehla Mthembu. “Zimbabwe has been good to us in recent months.”
The group is currently on the lookout for opportunities in the environs of the Hwange National Park, which is about two hours’ drive from Victoria Falls.
Pretoria Portland Cement [JSE:PPC] chief executive Paul Stuiver said cement sales had been particularly poor two years ago, but had improved to such a degree that the group cannot keep ahead of production in Zimbabwe.
Construction group Group Five recently entered into a R1.4bn partnership with the Zimbabwean National Roads Agency for the planning, design and construction of the first phase of a new road network for the country.
Funding is being supplied by the Development Bank of South Africa (DBSA).
From the network’s completion early next year until 2031 the group's toll operator, Intertoll, will operate toll roads on the roads stretching from Plumtree to Harare and from Harare to Mutare (780km in all).
The fact that the DBSA is funding the project limits the risk, says Group Five.
Source: fin24
0
Tags:
Comments
What iBlog
-
Snake girl attracts crowd & tourists to Thailand
Posted: 2014 January 15 | 42465 Views -
Why did Robert Mugabe receive a bigger cheer than Jacob Zuma at Mandela's memorial?
Posted: 2013 December 10 | 53413 Views -
Tsvangirai now losing control of MDC-T
Posted: 2013 September 20 | 11238 Views -
Tsvangirai must resign
Posted: 2013 September 20 | 12704 Views -
Is the Bible against alcohol? part 2
Posted: 2013 September 20 | 18226 Views -
Is the Bible against alcohol? - part 1
Posted: 2013 September 20 | 18254 Views -
Ibbo Mandaza is shallow and derailed in intellectual & political analytic ability
Posted: 2013 August 08 | 12112 Views -
Tsvangirai in Parliament dilemma
Posted: 2013 August 08 | 10250 Views -
Predestination! God's or Man's!
Posted: 2012 October 23 | 18309 Views -
Homosexuals have no place in African culture
Posted: 2012 March 02 | 42173 Views -
Uklolodile uMugabe ezalwa
Posted: 2012 February 22 | 22226 Views -
Letter from King Leopold II of Belgium to Colonial Missionaries, 1883
Posted: 2012 February 20 | 20634 Views -
Signs of a healthy relationship
Posted: 2012 February 06 | 12131 Views -
Hamba kahle, mnumzane Robert Gabriel Mugabe
Posted: 2012 January 27 | 23227 Views -
Amazing How People can push for an agenda
Posted: 2012 January 24 | 10580 Views -
Blame me on History: The People of Matebeleland their case and proposed solutions to their Predicame
Posted: 2012 January 23 | 75326 Views -
Slimming guide for men
Posted: 2012 January 12 | 10209 Views -
The Dictator who cried fowl
Posted: 2011 December 08 | 19322 Views
Categories
Friends
Tags iBlog
Martin Luther Apple Macbook Battery Zimbabwe Mspy mobile security parental control Security news mcafee malware spam internet threats cyber security Microsoft office update Nxayezwe Uthando Lwegazi Dictator Antivirus computer security Water Bcc History Sex Gaming gaming laptop indian market notebook Vulnerability wordpress Hangover Zimbabweans a forgotten generation Discovered Africa Nasir Siddiki Shingles Drc