Masimba flags ZiG payment risks

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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…