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.
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 percent.
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