(3 minutes read)
· The Southern Africa Development Community-SADC Cross Border Traders Association highlighted that Zambia was likely to experience the impact of the looting that had happened in South Africa in a gap of two to three months or so
· Zambia mainly depends on South Africa and South African ports for import of various goods
· The local cross border traders always get their goods from South Africa
· The looting would also lead to an increase in the prices of goods coming from South Africa in the next few months since there will be a likely scarcity in South Africa for certain goods, affecting the volume of traded goods
The Southern Africa Development Community-SADC Cross Border Traders Association highlighted that Zambia was likely to experience the impact of the looting that had happened in South Africa in a gap of two to three months or so.
Zambia mainly depends on South Africa and South African ports for import of various goods. The local cross border traders always get their goods from South Africa. The looting would also lead to an increase in the prices of goods coming from South Africa in the next few months since there will be a likely scarcity in South Africa for certain goods, affecting the volume of traded goods. Most large scale supermarkets in Zambia are South African owned and they get the goods from supply chains owned by South Africans.
The Association felt it would be a great opportunity for Zambia, particularly to the local manufacturers to up their production and
tone up their supply chains. Also, the government stands to benefit since the outflows of foreign exchange can be minimized since there will be drastic cut in imports. The local manufacturers and producers can take advantage of the situation and look at what products they can supply, as it is an opportunity for the local industries and processors to supply the chain stores.
