CAFCA hunts for CEO

LISTED cable manufacturer Cafca Limited is hunting for a chief executive officer to provide clear and sound leadership direction for the company. Rob Webster, who had served as Cafca's managing director since 2006, left the company with an impressive yearly financial performance and a solid balance sheet. His departure occurred not long after board member Alvord Mabena's resignation in November of the same year. The branch of Valcol Group, Valcol Executive Appointments, has been entrusted with the responsibility of finding a qualified applicant. The job advertisement stated, in part, that this was an amazing chance for an experienced business leader (ideally over 40) to make a big influence on our client's organization and shape its future direction and operational performance after decades of successful trade. "The company continues to grow and open new markets, enjoying considerable success across several critical sectors." In order to maintain the company's success as a well-known supplier and manufacturer, Valcol stated that the incumbent will be needed to give clear and solid leadership guidance and decisions through the company's visionary policies and procedures. It stated that "your demonstrated leadership skill in delivering the company's future financial performance and implementing good strategic objectives is required." "As the primary leader, it is your responsibility to provide guidance and leadership to the divisional and functional heads, overseeing the internal operations of the different departments in compliance with the goals, objectives, policies, and strategy established by the chairman and board of directors." Cafca's 2023 abridged report states that the company's short production lead times and completed goods inventory allowed it to fulfill every request placed during the year. Sales volume was roughly the same as the prior year, however copper cable sales increased by 9%. The ZWL$164 billion in 2023 was a huge increase in inflation-adjusted turnover from ZWL$75 billion in 2022, largely due to fluctuations in the copper price, a fluctuating currency rate, and changes in sales mix. The historical cost after-tax profit of ZWL$50,8 billion and the inflation-adjusted after-tax profit of ZWL$51,3 billion were almost equal. The company's unique approach entails growing its export market share, improving utility operations domestically, gaining more mining industry clients, and increasing its solar cable offering. Cafca produces and sells electrical cables and wires made of copper and aluminum. The business also manufactures and sells associated cable goods as well as high voltage equipment. Its main markets are in southern and central Africa, but it also exports to portions of Europe, notably the Russian Federation. Reunert Limited (South Africa) owns CBi Electric African Cables (South Africa), a subsidiary of Cafca, which was founded in 1947. It is traded on the Johannesburg Stock Exchange, the London Stock Exchange, and the Zimbabwe Stock Exchange. By Dion Kajokoto Contact Us Editorial: dion@vaka.co.zw Advertising: advertising@vaka.co.zw : news@vaka.co.zw Whatsapp: +263787980064