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
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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