HARARE – CAFCA, the country’s biggest cable manufacturer, says its export volumes rose 45 percent in the first 9 months ended 30 June 2020 compared to same period last year. The firm has been exploring new markets in DRC and Rwanda.
“Exports for the 9 months to date are 207 tonnes versus the prior 9 month period of 143 tonnes being an increase of 45 percent,” the company said in a statement,” the company said.
At the moment, the firm has 806 tonnes of finished stock and sells about 140 tonnes monthly.
“To ensure local and export sales requirements are met and also as a hedge against hyperinflation CAFCA is increasing finished goods stock levels which are now currently at 806 tonnes against a monthly sales model of 140 tonnes.”
Conductor sold in the three months to June 2020 declined 27 percent to 393 tonnes from 540 tonnes in the same period last year. In the same vein, conductor sold in the year to date fell by 9 percent to 1 228 tonnes from 1384 tonnes previously.
“Despite local volumes being 27 percent below the same Quarter last year mainly due to the original Covid-19 lockdown, we are still confident that by year end our volumes will be in line with the previous year,” CAFCA added.