After concluding an agreement with ZETDC last month to ensure continuous power supply to the factory, Starafrica Corporation intends to recover 10% of production lost by accelerating export sales in t...
SUGAR manufacturer starafricacorporation reported profit before tax of $0,5 million in the six months to September from a loss position of $1,3 million in the prior year, driven by a reduction in cost...
SUGAR processor Starafricacorporation (Starafrica) has upgraded its machinery in a development that has positioned the company to target the regional export market, which it once dominated at the peak...
Starafrica has registered a steep rise in revenue despite experiencing significant balance sheet stress in the year to March 31 018. In a note to shareholders accompanying the financial results which ...
THE Zimbabwe Asset Management Company (Zamco) has taken over Starafricacorporation Limited's $32 million debt owed to different companies.In 2016, at an extraordinary general meeting, Starafricacorpo...
Struggling sugar producer Starafricacorporation (Starafrica) is eyeing a return to profitability in the near future after reducing its losses by more $2 million.The group's chairperson Joel Mutizwa sa...
THE Zimbabwe Asset Management Company (Zamco) has snapped 58,34 percent of troubled sugar processor, Starafrica Corporation.In a joint statement yesterday, the two companies said the take over of a ma...
Sugar producer Starafricacorporation has converted more than $46 million of the company's balance sheet. This was after creditors saw it fit to convert their debt into ordinary shares in the strugglin...
Sugar producer Starafricacorporation says it is planning to venture into honey production and export markets as a way of increasing revenue streams and preserving shareholder value.The group's chairpe...
Listed sugar refinery firm, starafrica corporation, has increased production capacity of crystalised sugar by 50 percent to 450 tonnes a day from 300 following the completion of its secondary plant up...
Statutory pension fund, National Social Security Authority (Nssa), is set to increase its shareholding in Starafricacorporation (Starafrica).This was after the sugar producer said it wants to offer Ns...
THE Joe Mutizwa-led board of starafricacorporation (starafrica) appears to be finally turning the corner in its quest to transform the fortunes of the beleaguered business, which has reported signific...
1. SCHEME OF ARRANGEMENTThe Scheme of Arrangement between Starafricacorporation Limited (“the Company” or “Starafrica”) and its members and creditors (“the Scheme Members”), which was sanc...
The Scheme of Arrangement between Starafricacorporation Limited ("the Company" or "Starafrica") and its members and creditors ("the Scheme Members"), which was sanctioned by the High Court on 7 August...
Loss making sugar refinery Starafrica Corporation said on Thursday it has found new buyers for two main assets it is disposing as means to raise capital to pay off its debt, the New Ziana reported.In ...
1. SCHEME OF ARRANGEMENTThe Scheme of Arrangement between Starafricacorporation Limited ("the Company" or "Starafrica") and its members and creditors ("the Scheme Members"), which was sanctioned by th...
The Scheme of Arrangement between Starafricacorporation Limited and its lenders and creditors ("the Scheme") was overwhelmingly voted for at the creditors' meetings held on 5 June 2013. The Scheme was...