CAR DEALERS COUNT THE COST OF KWACHA APPRECIATION

The current strengthening of the Kwacha against major convertible currencies like the United States (US) Dollar has been received with mixed reactions from car dealers.
Zambia Motor Dealers Association Chairperson ELVIS SINYANGWE says vehicles imported before the appreciation of the Kwacha are fetching a higher price and customers are opting to import direct from Japan.
Mr. SINYANGWE told ZNBC News that this has led to loss of business for car dealers.