JOHANNESBURG - South African-based retail giant, PicknPay, has hailed the formation of a unity government in Zimbabwe saying the inclusion of the MDC in government was a key to boosting investor confidence in the country.The company, which has a 25 per cent stake in Zimbabwes TM Supermarkets, said trading had also improved following the dollarisation of the Zimbabwean economy. Presumably, the accommodation of some opposition in the government is viewed positively and will also increase confidence both by Zimbabweans and potential outside investors and business people, Pick n Pay director, Denis Cope told The Zimbabwean over the weekend.
He added, I understand that trading has improved considerably in the last few months. This is mainly as a result of allowing transactions to take place in United States Dollars or South African Rand.