CABLE manufacturer Cafca Holdings (Cafca) is forecasting a slowdown in the growth of its sales volumes amid uncertainty around foreign currency availability in Zimbabwe.
The company’s volumes grew by 49 percent to 2 604 tonnes during the year ended September 30, 2021.
“We have budgeted for a modest increase in volumes in 2021/22 against a background of uncertainty in foreign currency availability and pricing and the impact of increased competition in our regional markets,” Cafca said last week in its results for the year.
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The company’s local sales increased 57 percent on the back of a post Covid-19 improvement in the economy whilst export sales improved by 16 p
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