Investec to buy into OK Zim

INVESTEC Asset Management plans to buy into supermarket chain OK Zimbabwe as it sees potential for consumer spending in a nation rebounding from a decade of decline.

INVESTEC Asset Management plans to buy into supermarket chain OK Zimbabwe as it sees potential for consumer spending in a nation rebounding from a decade of decline.

The supermarket told shareholders it needed capital to regain dominance and would bring in Investec "as a partner".

Investec's Africa funds have increased in Zimbabwe to 3% from none since 2008. - Reuters

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