Cafca defers retooling over FX shortages

CAFCA prioritised the purchase of raw materials last year, as it could not source sufficient foreign currency to embark on a retooling exercise. In an annual report, Cafca’s managing director Robert Webster said the electrical accessories firm incurred significant downtime and cost from engineering spares. “Again, no investment was made this year on the new…

Subscribe to read full article. Subscribe today

Related posts

TSL’s revenue surges to US$45,6 million

Gold companies to sustain momentum

Delta wants fiscal support levelled

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More