Your analysis misses a key point that Varun is riding on massive tax exemptions, so the investment is funded by Zimbabweans, they got free forex from RBZ, the allocations are on public record. That’s what they have asked for to enter the beer market, fact. That will be vigorously opposed. They are faltering in CSD without the forex benefits and a dollarised economy.
Your analysis misses a key point that Varun is riding on massive tax exemptions, so the investment is funded by Zimbabweans, they got free forex from RBZ, the allocations are on public record. That’s what they have asked for to enter the beer market, fact. That will be vigorously opposed. They are faltering in CSD without the forex benefits and a dollarised economy.
Thanks Alex, this is a good point and fair critique. Will look into that and publish a follow-up.
Superb work, Tinashe!