Transporters' sector negatively impacted by foreign players
Transporters' sector negatively impacted by foreign players By Allan Mbotshwa The transport and haulage industry in Zimbabwe faces significant challenges that threaten its sustainability and growth. One of the foremost issues is the overrun by foreign investors, who have aggressively entered the market, often at the expense of indigenous transporters. These foreign companies benefit from duty-free trucks, tax holidays, and easy access to financing from international banks, creating an uneven playing field. Speaking àt a press conference held in the capital, Zimbabwe Indigenous Road Transporters Association, Chairperson Mr Simon Gambiza said, ''indigenous transporters rely on hard-earned capital, struggle with high licensing fees, and face stiff competition from these well-funded foreign players controlling a monopolistic share of mineral transportation and logistics.'' Furthermore, the arrival of foreign transport companies has led to a disruption in local supply c...