Investec To Underwrite Ok Rights Issue As MGR Revs Up

Aligned to BMI's strong 2010 macroeconomic view with growth of 10.9% forecast, we expect Zimbabwe's leading mass grocery retailers (MGRs) to be able to more smoothly tap into capital markets to pursue expansion this year as private consumption firms up considerably. Lower inflation following the dropping of the hyper-inflated Zimbabwean dollar in 2009 has steadily brought a degree of spending power back to the population, subsequently allowing retailers to re-stock and providing an impetus for the wider food and drink industry to make use of spare

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