GB braces for AfCFTA pressure

MOUNTING expenses saw General Beltings Holdings (GB Holdings) operational profit deteriorate 58 percent year-on-year to US$53 000 in the six months to June 30, 2026, compounded by increased competition from cheaper imports.

GENERAL Beltings (GB) Holdings says Zimbabwe’s projected six percent eco­nomic growth will drive demand in key sectors but cautioned that re­gional competition brought by the African Continental Free Trade Area (AfCFTA) will intensify pressure on local firms. AfCFTA, which commenced trading on January 1, 2021, cre­ated a market of about 1,2 billion people and established…

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