Farai Mabeza, Senior Staff Writer 
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GENERAL Beltings says the Covid-19 pandemic affected demand for its products in key markets while parallel exchange rate instability fuelled a rise in operating costs.
In a statement accompanying the company’s results for the year ended December 31, 2021 GB Holdings chairman Godfrey Nhemachena said in response to the challenges, the group consolidated its position in market niches carved out in the prior year.
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“(GB Holdings focused) on delivering a commensurate value proposition to its customers through stronger stakeholder relationships in a more intensified competitive market.
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