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Red tape holds back Cafca

Red tape holds back Cafca
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.


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