Red tape holds back Cafca

0
93
The the property group said the capital loss reflects the current portfolio’s CBD concentration.

CABLE manufacturer, CAFCA, says its sales volumes during the half-year ended March 31, 2022 were adversely affected by a delay in getting regulatory approval to extend our barter deal with the Zimbabwe Electricity Transmission and Distribution Company.  

Volumes for the half year were 1 199 tonnes, an increase of two percent over the prior year comparative period of 1 175 tonnes.

In a statement accompanying results, the company said volumes were also held back by exchange control delays in payments from Malawi, which affected further export sales.

LEAVE A REPLY

Please enter your comment!
Please enter your name here