DT Correspondent
Rob Webster has retired as the managing director of listed cables manufacturer Cafca, with effect from February next year after serving for two decades at the helm.
The company has its primary listing on the Zimbabwe Stock Exchange and its secondary listing on the Johannesburg Stock Exchange, manufactures and supplies cables for transmission and distribution of energy and information.
In a notice yesterday the company secretary Caroline Kangara said Webster leaves the company with a strong balance sheet and commendable annual financial performance.
“The Chairman and Board of Directors would like to announce the farewell of Rob Webster who has been Managing Director since 2006. Despite the difficult Economic environment he leaves CAFCA with a strong balance sheet and commendable annual financial performance. CAFCA is grateful for the contribution made by Rob – the company has grown from strength to strength to a position it is now paying regular dividends. Rob leaves the company on the 29th February 2024”.
In a quarterly trading update for the period ended June 30, 2023, the turnover increased by 1 033,33 percent to ZWL$37,4 billion during the third quarter of this year compared to the same period last year, buoyed by exports to regional markets.
The turnover was in historical terms. In the same period last year, revenue stood at ZWL$3,3 billion. “Export volumes were 106 tonnes in the current quarter versus the same quarter last year at 91 tonnes,”
