Road construction project 'to benefit retail industry'
19 August 2010
A road construction project planned for Zambia is likely to bring a number of advantages to South Africa's retail industry.
This is according to Business Day, which explains the transportation infrastructure scheme will mean trade between countries is facilitated.
Last month the Development Bank of Southern Africa approved a grant for the road scheme and Jacky Mashapu, communications manager, said: "This deal is all about facilitating regional integration on the continent."
Countries that share borders with Zambia include Malawi, Mozambique, the Democratic Republic of Congo and Tanzania - amongst others.
And a number of South African retailers will find this move makes trade between such nations easier, the publication added.
"Any improvement to infrastructure in Africa is welcomed by retailers, particularly given that we transport goods through Zambia," noted Mark Turner, director for Africa at Massmart.
The South African-based regional management group invests in a range of wholesale and retail formats.