The Southern Cross Border Traders’ Association says business in the first half of the year has been challenging owing to the unstable exchange rate.
Association president JACOB MAKAMBWE says from the first to the third quarter, many factors such as unstable fuel pump prices and exchange rate among others have affected the prices of most commodities, thereby negatively impacting traders from realizing sustainable profits and forcing association members to conduct business locally.
Mr. Makambwe has since urged government to quickly address these lapses and boost the development of value addition which will address the country’s overdependence on imported goods.
He has further advised small-scale cross border traders to devise strategies of remaining in business amidst the prevailing economic challenges and take advantage of open markets.
