Business / Companies
Samsung cautious on Zimbabwe
19 Mar 2013 at 05:14hrs | Views
Despite targeting a $10 billion growth in Africa by 2015, Samsung Africa Electronics says it will not optimally invest in Zimbabwe due to restrictive legislation which repels investment.
James Kim, Samsung's Southern Africa business strategic director said the rising electronics giant would love to invest more in the country, but the investment is not sustainable at the moment adding "the political and economic instability need to be addressed to give us security as an investor."
Source - DN
