TFHZPC - How has the year been
so far (2016)?
Rossetta – Surprising very! Our half year results just came
out and they are way much better that 2015’s half year results. 2015 was a much
tough year on the back of energy increases and exchange losses. Many companies
made losses but we did ok despite all the challenges because so many things hit
at once. Last year was very difficult to predict. You held today and lost
tomorrow.
TFHZPC - On the
Microenvironment?
Rossetta – On the back of all the challenges, we had to tighten our
belts. Cable industry has been affected globally. The industry is shrinking.
Speculators are looking at the copper prices and seeing what happens next. But
being an extant player (a long term player from 1968).
Currently undergoing a divestiture. As at February this year,
we were able to find a buyer which is indicative of people seeing value in our
business and the potential it holds. The company is strategically placed. We
are the only company in Zambia that manufactures cable is situated 60 Km from
the mine therefore we are literally able to manufacture in our back yard. Parabola
is a competitor and they are doing copper cathode and rods
TFHZPC - On competition
Rossetta – At the moment you will see that the market is ........The full interview will be coming soon on #TheRealMeetsBusiness Series.
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