Zimbabwe: Mugabe Appeals to SA to Increase Investment in Zim

PRESIDENT Robert Mugabe yesterday appealed to Zimbabwe's largest trading partner South Africa to increase investment in the cash-strapped country to reverse the worst economic implosion since dollarisation.

Zimbabwe's economy is contracting, with critics blaming policy inconsistency and toxic prescriptions such as the Economic Empowerment policy compelling foreign investors to cede at least 51% shareholding to locals. In a marked departure from his traditional rhetoric, Mugabe yesterday reassured South Africa's businesspeople that Harare would create a conducive environment for their enterprises to grow.

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