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IDC SA may be early bird investor for Zimbabwe

JOHANNESBURG - The Industrial Development Corporation (IDC) of South Africa could become one of the earliest investors in Zimbabwe under the new administration, with Harare saying it expects an investment of about $150million (R1.8billion) from the IDC to prop up its chemicals and fertiliser manufacturing companies. The money will be put into Zimbabwe’s own IDC, which controls Chemplex Corporation, an investment company with investments in chemicals and fertiliser manufacturing.
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