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 35th most valuable stock on the ZSE with a market capitalization of ZiG 47 million, which makes about 0.076% of the Zimbabwe Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | |
| Day’s High Price | |
| Traded Volume | 617,700 |
| Number of Deals | |
| Gross Turnover | 6,176.38 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 4.7B |
| Market Capitalization | 47M |
SACL Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| +31.6% | +34.1% | +36.4% |
| 6MO | 1YR | YTD |
|---|---|---|
| +178% | +355% | +212% |
The current share price of Star Africa Corporation Limited (SACL) is ZiG 0.009999. SACL closed its last trading day (Friday, July 26, 2024) at 0.009999 ZiG per share on the Zimbabwe Stock Exchange (ZSE). Star Africa began the year with a share price of 0.003202 ZiG and has since gained 212% on that price valuation, ranking it 33rd on the ZSE in terms of year-to-date performance. Shareholders can be optimistic about SACL knowing the stock has accrued 34% over the past four-week period alone—27th best on ZSE.
Star Africa Corporation is the third most traded stock on the Zimbabwe Stock Exchange over the past three months (Apr 30 - Jul 26, 2024). SACL has traded a total volume of 29.4 million shares valued at ZiG 230,657 over the period, with an average of 466,283 traded shares per session. A volume high of 3.16 million was achieved on June 24th for the same period. The table below details the last 10 trading days of activity of Star Africa on the Zimbabwe Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2024-07-26 | 617,700 | 0.009999 | -0.000001 | -0.01% |
| 2024-07-25 | 46,700 | 0.01 | -0.000002 | -0.02% |
| 2024-07-24 | 318,000 | 0.010002 | +0.000961 | +10.63% |
| 2024-07-23 | 2,439,700 | 0.009041 | +0.000163 | +1.84% |
| 2024-07-22 | 538,400 | 0.008878 | +0.001280 | +16.85% |
| 2024-07-19 | 803,600 | 0.007598 | +0.000082 | +1.09% |
| 2024-07-18 | 1,253,700 | 0.007516 | +0.000016 | +0.21% |
| 2024-07-17 | 1,871,500 | 0.0075 | -0.000024 | -0.32% |
| 2024-07-16 | 1,079,600 | 0.007524 | -0.000572 | -7.07% |
| 2024-07-15 | 1,149,800 | 0.008096 |
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 nine by year-to-date performance.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| TANG | Tanganda Tea Company | 1.04B | 4.00 | +944% |
| NTS | National Tyre Services Limited | 63.5M | 0.25 | +1,165% |
| DZL | Dairibord Holdings Limited | 1.09B | 3.05 | +1,156% |
| DLTA | Delta Corporation Limited | 18B | 13.999530 | +897% |
| HIPO | Hippo Valley Estates Limited | 1.35B | 7.00 | +821% |
| BAT | British American Tobacco Limited | 894M | 43.3360 | +727% |
| SEED | Seed Co Limited | 794M | 3.210647 | +702% |
| AFDS | African Distillers Limited | 822M | 7.00 | +573% |
| ARIS | Ariston Holdings Limited | 74.1M | 0.0460 | +145% |