Choppies Forecasts Good Returns From Deflated Zimbabwe

Ramachandran Ottapathu
Ramachandran Ottapathu

Choppies Enterprises Limited has stated that though Zimbabwe is undergoing deflation, the company’s business prospects in the country will not be affected.

The retailer says that the Zimbabwean economy is US Dollar based and the strength of the currency will cushion it from any negative impact. 

Zimbabwe moved into deflation after the annual rate of inflation for February shed 0.90 percentage points to minus 0.49 percent due to continuing price fall with some economists seeing this as a temporal phase of price self correction.

Editor's Comment
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

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