Masimba flags ZiG payment risks

94

MASIMBA Holdings (Masimba) says the government’s decision to pay con­tractors in local currency poses cash-flow and project-planning risks in the wake of rising US dollar denominated costs. The group remains significantly exposed to government-funded infra­structure projects but has been progres­sively rebalancing its order book to in­crease the contribution of private sector contracts. The government’s decision…