SACL - Star Africa Corporation Limited
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 38th most valuable stock on the ZSE with a market capitalization of ZWL 7.14 billion, which makes about 0.191% of the Zimbabwe Stock Exchange equity market.
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SACL Stock Market Performance
The current share price of Star Africa Corporation Limited (SACL) is ZWL 1.5184. SACL closed its last trading day (Friday, March 31, 2023) at 1.5184 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording a 0.4% drop from its previous closing price of 1.5252 ZWL. Star Africa began the year with a share price of 2.1181 ZWL but has since lost 28.3% off that price valuation, ranking it 46th on the ZSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that SACL has lost 14% of the stock’s value from March 3rd to date.
Star Africa Corporation is the seventh most traded stock on the Zimbabwe Stock Exchange over the past three months (Jan 3 - Mar 31, 2023). SACL has traded a total volume of 12.6 million shares valued at ZWL 22 million over the period, with an average of 200,214 traded shares per session. A volume high of 1.73 million was achieved on March 27th, and a low of 4,000 on January 23rd, for the same period. The table below details the last 10 trading days of activity of Star Africa on the Zimbabwe Stock Exchange.
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
- Consumer Goods
- Food Production
- No. 45 Douglas Rd., Workington, PO Box 396, Southerton, Harare, Zimbabwe
- +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 nine by year-to-date performance.
|TANG||Tanganda Tea Company||82.2B||315.00||+252%|
|HIPO||Hippo Valley Estates Limited||121B||625.8870||+243%|
|SEED||Seed Co Limited||53.7B||217.3982||+192%|
|DZL||Dairibord Holdings Limited||34.9B||98.00||+180%|
|ARIS||Ariston Holdings Limited||16.7B||10.40||+157%|
|DLTA||Delta Corporation Limited||1.07T||830.5517||+131%|
|NTS||National Tyre Services Limited||3.55B||14.00||+37.3%|
|BAT||British American Tobacco Limited||67.6B||3,279.3541||+17.2%|
|AFDS||African Distillers Limited||35.2B||300.00||+13.9%|