Friday, June 19, 2009

Local SA firms lend money to Zim

From Bloomberg via africasources:

South African companies were willing to provide Zimbabwe with a R2.75 billion credit line once the ailing country had signed an investment protection accord, Zimbabwe's Finance Minister Tendai Biti said at the World Economic Forum (WEF) on Africa in Cape Town on Friday.

South African companies wanting to enter Zimbabwe included Netcare and FirstRand's FNB, Biti said. The investment accord should be signed by the end of this month.

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