VICTORIA Falls Stock Exchange (VFEX)-listed diversified manufacturing firm Zimplow Holdings is optimistic that various business strategies lined up for this year will withstand strong headwinds arising from the EI Nino-induced drought and falling commodity prices.
Zimbabwe’s agriculture-based economy is expected to take a massive hit from this year’s drought which has already been proclaimed a national disaster compounded by waning global mineral prices that are likely to see its major foreign exchange generating sector- mining- record subdued earnings.
The group which also distributes global brands in the agriculture, mining and infrastructure, logistics and automotive industries has been hampered by rising operating costs thinning its profit margins.