Regional expansion will save Simbisa

INVESTING in other markets with stable currencies will increase Simbisa Brands (Simbisa)’s profit and revenue, a research service firm has said.

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In an analysis of the company’s financial results for the six months to December 31, 2019, Akribos Research Service said Simbisa, Zimbabwe’s largest fastfood restaurant operator, would experience growth and record more profit by expanding in the region. “The Zimbabwe segment is set to continue experiencing problems due to the economic environment thus, value offerings will be vital due to the deteriorating disposable i

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