African Stock Exchanges

SACL - Star Africa Corporation Limited

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SACL share price on Zimbabwe Stock ExchangeSACL share price on Zimbabwe Stock Exchange

Founded in 1935 as Rhodesia Sugar Refinery (and later Zimbabwe Sugar Refinery), the company has grown to become a diversified conglomerate listed on the Zimbabwe Stock Exchange. The brands consist of the food, industrial and property divisions. Today, Star Africa's strategic business units comprise of Goldstar Sugars (market leader with its Goldstar sugar brand), Highfield Bag and Polyfilm Plastics (manufacturers and marketers of flexible packaging materials targeting mostly the food and beverage industries), Country Choice Foods (manufacturers and distributors of sugar specialty products such as caster, icing, syrups, old-fashioned brown sugar and treacle), and Silver Star Properties—a property company with a wide range of commercial and industrial buildings under its portfolio. In 2002, Tate & Lyle (UK) Plc divested its interest in Zimbabwe, through a management buyout resulting in localization of ZSR Corporation Limited. Four years later, in 2006, ZSR Corporation rebranded as Star Africa Corporation limited.

Star Africa Corporation Limited is listed on the Zimbabwe Stock Exchange (ZSE). Star Africa is traded on the ZSE under the ticker symbol “SACL”. Star Africa Corporation Limited is currently the 33rd most valuable stock on the ZSE with a market capitalization of ZWL 7.76 billion, which makes about 0.356% of the Zimbabwe Stock Exchange equity market.

SACL1.6504 ▴ 0.0485 (3.03%)
Yesterday
Last Trading Results
Opening Price
Day’s Low Price
Day’s High Price
Traded Volume338,900
Number of Deals
Gross Turnover559,320.56
Growth & Valuation
Earnings Per Share
Price/Earning Ratio
Dividend Per Share
Dividend Yield
Shares Outstanding4.7B
Market Capitalization7.76B
Monetary values are quoted in Zimbabwe Dollar (ZWL) unless otherwise stated

SACL Stock Market Performance

1WK4WK3MO
+3.15%+0.73%-7.5%
6MO1YRYTD
+18.6%-2.11%+42.1%

The current share price of Star Africa Corporation Limited (SACL) is ZWL 1.6504. SACL closed its last trading day (Tuesday, October 4, 2022) at 1.6504 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording a 3% gain over its previous closing price of 1.6019 ZWL. Star Africa began the year with a share price of 1.1612 ZWL and has since gained 42.1% on that price valuation, ranking it 20th on the ZSE in terms of year-to-date performance.

Star Africa Corporation is the 18th most traded stock on the Zimbabwe Stock Exchange over the past three months (Jul 6 - Oct 4, 2022). SACL has traded a total volume of 5.46 million shares valued at ZWL 8.97 million over the period, with an average of 86,589 traded shares per session. A volume high of 576,500 was achieved on September 27th, and a low of 700 on August 25th, for the same period. The table below details the last 10 trading days of activity of Star Africa on the Zimbabwe Stock Exchange.

DateVolumeCloseChangeChange%
2022-10-04338,9001.6504+0.0485+3.03%
2022-10-0387,1001.6019-0.0101-0.63%
2022-09-3018,7001.6120+0.0596+3.84%
2022-09-29113,4001.5524-0.0464-2.90%
2022-09-28248,6001.5988-0.0012-0.08%
2022-09-27576,5001.60+0.0038+0.24%
2022-09-26323,9001.5962-0.0019-0.12%
2022-09-2315,4001.5981+0.0936+6.22%
2022-09-22267,9001.5045-0.0855-5.38%
2022-09-2115,0001.59

Profile of Star Africa Corporation Limited

Star Africa Corporation Limited operates in the Consumer Goods sector, specifically, the Food Production industry.

Factsheet of Star Africa Corporation Limited

Sector
Consumer Goods
Industry
Food Production
Address
No. 45 Douglas Rd., Workington, PO Box 396, Southerton, Harare, Zimbabwe
Telephone
+263-772-233-136, +263-772-233-137

SACL Industrial Market Competitors

Star Africa Corporation Limited, issuers of the SACL stock on the Zimbabwe Stock Exchange, have a number of market competitors who are also engaged in the Consumer Goods sector and/or Food Production industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

CodeNameM. Cap.CloseYTD
TANGTanganda Tea Company20.9B80.0070+19.3%
AFDSAfrican Distillers Limited32.4B275.7742+121%
NTSNational Tyre Services Limited3.3B13.00+106%
SIMSimbisa Brands Limited90.2B160.1505+78%
DLTADelta Corporation Limited307B238.7101+46.9%
ARISAriston Holdings Limited6.18B3.8387+3.13%
BATBritish American Tobacco Limited64.8B3,140.00-1.91%
SEEDSeed Co Limited23B93.0018-11.9%
NTFDNational Foods Holdings Limited82.2B1,201.05-12.6%
HIPOHippo Valley Estates Limited40.9B212.1091-24.3%

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

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