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Rising headwinds compound industry blues

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RISING costs of raw materials, inefficiencies in the allocation of forex through formal channels, rolling blackouts and the high cost of capital continue to stifle business in the country, a local research firm has said.
As the global supply chains were disrupted by Covid-19 and the Russo-Ukrainian war, local manufacturers, especially agro-processors were left to rely heavily on the agriculture sector for survival.

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In a research note this week, stock brokers and research firm Akribos said local manufacturers were exposed after the agriculture sector underperformed in the 2021/22.

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