A COMMERCIAL Bank of Malawi official has said that local and international investors are taking a “wait and see” approach to the June 15 elections. Fred Kanjo, the bank’s head of economic research, sayd investors have adopted a more cautious stance before making any firm investment decisions. Malawi has experienced a growth rate of about 8% since 1995, with the country’s economy expected to grow by about 6% in 1998/99.