Loading...
See More

Zim economy 'offers many opportunities'

Aug 28 2011 10:11 Antoinette Slabbert & Tawanda Karombo

Company Data

PPC Limited [JSE:PPC]

Last traded 32.51
Change -0.12
% Change 0.00
Cumulative volume 1212579
Market cap 19.68bn

Last Updated: 19/09/2014 at 04:25. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Mimosa in Zim indigenisation talks

Zim starts own mining firm

Dirty Zim dollars to be replaced

Zim's multiple-currency system to stay

Zimbabwe expects 9.3% growth

Fake dollar notes flood Zim vendors

 
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.

ppc  |  dbsa  |  zimbabwe
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

New forms of digital technology are changing the very ways in which entrepreneurs run their businesses.
 
 

6 life hacks you simply have to know

A few simple tricks can make your life so much easier!

 
 

For chic geeks...

Device lets disabled people talk through their nose
It’s THIS easy for someone to steal your ATM pin!
This is why you should install iOS 8
17 photo illusions that look so real

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...