“It is interesting that for many companies, the cost of transporting their labour to the workplace, together with the cost of supplying lunch and tea, is more expensive than the wages they pay.” Such is the view of Botswana-listed Imara Asset Management in a July report on its $10 million Zimbabwe-only fund. Most people might question the sanity of investing in that country, given its political and financial issues. Imara, however, which launched its Zimbabwe-only fund in March, is not the only asset management firm with exposure to the hyperinflation-afflicted economy.
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