Analysts optimistic about Choppies Zim prospects

Bright future: Choppies is headed for recovery
Bright future: Choppies is headed for recovery

Industry analysts believe that the Zimbabwean operations of Choppies Enterprises may get a new lease on life following the recent departure of Robert Mugabe as president of that country.

According to Donald Motsomi, research analyst at Stockbrokers Botswana, Zimbabwe is rife with euphoria and optimism, especially given the new administration’s positive rhetoric towards resuscitating the country’s battered economy.

“We expect any turnaround in the economy to be gradual and largely dependent on creating reforms that will attract foreign direct investment (FDI) and financial assistance from international bodies,” he said.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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