African Sun is Zimbabwean hotel investment company with a portfolio of hotels that is unparalleled in variety, location and size. The Company is listed on the Zimbabwe Stock Exchange.

African Sun Limited


Contents

Business

The Group currently has four divisions which are:

The Company’s hotels are located in all the tourist resorts in Zimbabwe, as well as in four out of the five cities in the country. The Company also operates timeshare units and casinos throughout Zimbabwe.

Hotels Under Management

Legacy Hospitality Management Services Limited, a regional brand with international acclaim, manages five of the Company’s prime hotels. Of these five, four are located in the country’s major tourist destinations. These include two resort hotels in Victoria Falls namely Elephant Hills Resort and The Kingdom at Victoria Falls, close to the resort the safari operation, Hwange Safari Lodge and the TroutbeckInn nestled in the rolling Eastern Highlands mountains of Nyanga.

Monomotapa Hotel is located in the capital city Harare, with its iconic structure overlooking the lush, colourful and perennially evergreen Harare Gardens.


Hotels Under Franchise

The Hotels Under Franchise operate under the InterContinental Hotels Group (“IHG”) brand. There are three Holiday Inn branded hotels in Harare, Bulawayo and Mutare, with the latter having been recently rebranded.

Owner Operated Hotels

The other resort hotels that are operated by the Group are; Great Zimbabwe Hotel in Masvingo, located within walking distance of the Great Zimbabwe National Monument, a UNESCO World Heritage Site, the largest ancient structure south of the Sahara and second only to the pyramids of Egypt in size and grandeur. The Caribbea Bay Hotel in Kariba which is among the four largest man-made lakes in the world and second largest reservoir by volume in Africa.

The Victoria Falls Hotel Partnership

Also in Victoria Falls is The Victoria Falls Hotel which the Group jointly operates with Meikles Hospitality (Private) Limited. The Hotel is affiliated to The Leading Hotels of the World and adheres to the requirements that come with this affiliation.

Timeshares

The Group manages the Blue Swallow and the Kingfisher Cabanas timeshare units situated in Nyanga and Kariba respectively.

Sun Casinos

Sun Casinos comprises of one stand-alone casino, Harare Sun Casino and one hotel based casino, the Makasa Sun Casino at The Kingdom at Victoria Falls which comes under the purview of Legacy Hospitality Management Services Limited.

The Group has streamlined its operations to ensure future sustainability. Continuing its quest to grow shareholder value, anchored by the four pillars of:

• People, • Product, • Processes, and • Promotion.

Vision

To be the benchmark Hotel Investment Company in Zimbabwe.

Mission

We exist to create value for all our stakeholders. African Sun does so by:

Core Values and Beliefs

At African Sun Limited, sustainable value creation is at the core of what they do. Their ethos is guided by the following core values and beliefs:

Diligence

Focusing on important things, we apply ourselves and execute our obligations in a smart, careful and conscientious manner.

Integrity

Truthfulness and honesty are an integral part of all our interactions.

Proffesionalism

Leveraging our expertise and skills, our conduct is of the highest possible standard as we go about our business.

Responsible citizen

Conservation of our natural and other resources to ensure our sustainability, as well as caring for the less fortunate and those in need in our communities, is critical in all our operations.

Brands

African Sun's premier brand, The Victoria Falls Hotel, offers world-class hospitality with signature touches that define luxury travel. Legacy Hospitality Management Services Limited (Legacy Hotels / Legacy Hotels and Resorts), a regional based and internationally acclaimed Hotel Manager, provides luxury accommodation all over Africa. The Management Company prides itself in not only providing excellent places to stay but offers a lifestyle brand to its customers through its innovative product offering. African Sun expects travellers within Africa to enjoy the Legacy Hotels and Resorts’ luxurious and innovative product experience that they have become accustomed to when travelling on the continent. At the same time, Legacy Hotels avails to the Zimbabwe domestic market a world-class product and service in tourism and hospitality.

The InterContinental Hotels Group (IHG) is one of the world’s leading hotel companies and franchises the Holiday Inn brand in Zimbabwe. Consistent with global benchmarks, the Holiday Inn hotels cater for the needs of global travellers with an international touch for both business and leisure. The IHG goal is to create great hotels that guests love, and in Zimbabwe, both foreign and local African Sun Limited guests get to enjoy that experience.

African Sun's homegrown brands, the African Sun stand-alone brands, are targeted at middle range business and leisure travellers seeking warm and comfortable hotels. Zimbabwean timeshare owners enjoy access to over 4,000-holiday resorts in over 100 countries through the Resort Condominium International (“RCI”) exchange. International timeshare owners get to access the 2 resort properties in Kariba and Nyanga at the Caribbea Bay Hotel and Troutbeck Resort respectively


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