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Article: Zimbabwe: Cafca Shelves Project With South African Firms.
- Article from:
- TendersInfo
- Article date:
- September 22, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: pinto03
Electrical goods manufacturing concern, CAFCA, shelved its toll-manufacturing projects with South African companies during the first half of this year, but are set to re-launch the deal during the second half.
The company did not give reasons for the temporary termination of the foreign currency-generating project. Most companies in Zimbabwe are operating at less that 30 percent of capacity due to foreign currency, raw material and power shortages, and have engaged regional companies in similar business for sub-contracts in the manufacturing of goods at a fee. This process is called toll manufacturing.
CAFCA said volumes during ...