The Sunday Mail:
AVIS Zimbabwe, a unit of the TSL Group, is set to sink more than US$500 000 for its refurbishment and expansion programme, as it seeks to recapture its local market and strategically position itself for growth.
The company had seemingly mothballed its operations in the wake of the decade-long economic recession that affected most of the country’s economic sectors.
However, economic conditions have improved with the formation of the inclusive Government on February 16 this year and the liberalisation of the economy.
Introduction of the multi-currency system has also helped to stabilise the economy.
Though the company’s market share was an estimated 35 percent before the beginning of the 10-year economic crunch, its market share has since grown to 45 percent as most international brands have chosen to suspend their operations.