THE Zambia Motor Dealers Association (ZMDA) says the appreciation of the Kwacha does not have an immediate positive impact on vehicle prices on the local market. The Association notes that although benefits have been recorded due to Kwacha appreciation, these benefits take time to reflect, due to the time taken to order stock from overseas. Over the last few days, the Kwacha has stabilised at around K22 against the US Dollar. In an interview, Wednesday, Association Chairman Kelvin Kameta said a stable rate of between K18 to K20 would be most ideal for car dealers, stating that such an appreciation would enable dealers to pass on benefits to consumers. “The appreciation of the Kwacha to us means we don’t see...

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