South African companies waiting to invest in Zimbabwe mostly through their local associates include food giant Tiger Brands, retailer Pick n Pay through TM Supermarkets — one of the country’s largest supermarket chains — Massmart through its flagship Makro brand, and SABMiller, which has an interest in Zimbabwe’s largest brewer, Delta. Zimbabwe Stock Exchange (ZSE) CE Emmanuel Munyukwi said South African companies had the best comparative advantage because they “understand our market better than any of the rest of the world” and should buy assets which were cheap in US dollar terms. Rampant shortages, plummeting living standards, a virtually worthless currency and unemployment of more than 90% have forced about one million mainly skilled workers to flee — the very people experts at yesterday’s seminar said should be lured back to participate in the economic recovery. AllAfrica aggregates and indexes content from over 125 African news organizations , plus more than 200 other sources , who are responsible for their own reporting and views. read more

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