Depressed mortgage market hits Lafarge

AdvertisementsLAFARGE Cement Zimbabwe (Lafarge) says mortgage rate increases have dampened individual home builders demand for the company’s products.Advertisements In September, the central bank raised interest rates from 50 to 70 percent. This was after another hike in June from 15 to 50 percent, which was aimed “at curtailing speculative behaviour in the market”. Meanwhile, the…

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