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…
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.