In a trading update to shareholders, Grant Mackenzie the chief executive officer said,
Zimbabwe is a market with great potential. If one adds value, one can make good returns. BSI did a lot of research before embarking on its endeavour there.
He said despite the slow recovery of the economy operations that began in May were indicated a great potential.
There were significant set-up costs in training and operations, but the company is now offering the market a full steel supply centre with value-added facilities, such as cut-to-length on its special steel supplies, as well as full delivery facilities.?
Mackenzie said if the country remained politically stable, Zimbabwe operations could have a material impact on the companys earnings over the medium term.
Post published in: World News