CAFCA - Cafca Limited

Mar 31, 2023 at 13:52 Twitter · Facebook

CAFCA share price on Zimbabwe Stock Exchange

CAFCA Limited, established in 1947, is the only cable manufacturer in Zimbabwe. The company manufactures and supplies cable and allied products for the transmission and distribution of electrical energy and telecommunication primarily in Southern and Central Africa. Additionally, CAFCA recovers decommissioned cables for recycling, which is safely performed within a legal and environmental friendly framework.

CAFCA manufactures over 900 cabling products, including 11 kilovolt cross-linked polyethylene insulation cables, underground armored cables, flat poly vinyl chloride cables (twin and earth), and flexible cords (Cabtyre) - all to ISO 9001:2000 accredited quality standards. Though the company's primary focus is on the African market, it has an export footprint that extends to parts of Europe, including Russia. CAFCA is a subsidiary of CBi Electric African Cables (RSA), which is itself owned by Reunert Limited (RSA).

Cafca Limited is listed on the Zimbabwe Stock Exchange (ZSE). Cafca is traded on the ZSE under the ticker symbol “CAFCA”. Cafca Limited is currently the 34th most valuable stock on the ZSE with a market capitalization of ZWL 12.6 billion, which makes about 0.335% of the Zimbabwe Stock Exchange equity market.

CAFCA Stock Market Performance

The current share price of Cafca Limited (CAFCA) is ZWL 379.7775. CAFCA closed its last trading day (Tuesday, March 28, 2023) at 379.7775 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording a 5.5% gain over its previous closing price of 360.00 ZWL. Cafca began the year with a share price of 200.10 ZWL and has since gained 89.8% on that price valuation, ranking it 21st on the ZSE in terms of year-to-date performance. Shareholders can be optimistic about CAFCA knowing the stock has accrued 25% over the past four-week period alone—16th best on ZSE.

Cafca is the 39th most traded stock on the Zimbabwe Stock Exchange over the past three months (Jan 3 - Mar 31, 2023). CAFCA has traded a total volume of 133,200 shares valued at ZWL 46.8 million over the period, with an average of 2,114 traded shares per session. A volume high of 46,000 was achieved on March 15th for the same period. The table below details the last 10 trading days of activity of Cafca on the Zimbabwe Stock Exchange.

Profile of Cafca Limited

Cafca Limited operates in the Industrials sector, specifically, the Electronic & Electrical Equipment industry. The company is led by Robert Neill Webster as its Managing Director, since 2006. The company's board of directors, chaired by Honour Piniel Mkushi, is composed of nine members whose names are listed below.

1. Mkushi, Honour Piniel
   Non-Executive Chairman
2. Webster, Robert Neill
   Managing Director
3. Chidzonga, Edwin Tavengwa Zinyoro
   Non-Executive Director
4. Mabena, Alvord
   Non-Executive Director
5. Mangwengwende, Simbarashe Emanuel
   Non-Executive Director
6. Taylor, Thomas Alexander
   Non-Executive Director
7. De Villiers, Pieter Wouter
   Non-Executive Director
8. Eddey, Graeme Wales
   Non-Executive Director
9. Steyn, Gideon Johannes Hendrik
   Non-Executive Director

CAFCA Industrial Market Competitors

Cafca Limited, issuers of the CAFCA stock on the Zimbabwe Stock Exchange, have a number of market competitors who are also engaged in the Industrials sector and/or Electronic & Electrical Equipment industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange