‘Liquidity crunch threatens roads rehabilitation’

BULAWAYO engineering company, Asphalt Products, is currently operating at 30% of its capacity due to foreign currency shortages, excessive cost of doing business and high taxation, among other challenges.

The company’s managing director, Francis Mangwendeza told NewsDay that the firm was constrained by a number of challenges, chief among them foreign currency shortages.

“We are facing challenges such as shortages of foreign currency to import raw materials, excessive cost of doing business, indirect and direct taxes, excessive police and VID (Vehicle Inspection Department) roadblocks hampering operations.

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