Starafricacorporation Limited
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Starafricacorporation Limited is a sugar refinery.starafricacorporation limited has grown into an established brand listed on the Zimbabwe Stock Exchange.
History
- 1935 Founding of the Group as Rhodesia Sugar Refinery
- 1947 Listing of the Group on the Zimbabwe Stock Exchange
- 1956 Launch of Harare Refinery
- 1974 Acquisition of the Wholesale Division
- 1978 Formation of Country Choice Foods to focus on production of sugar speciality products
- 1979 Acquisition of Polyfilm Plastics
- 1986 Re-branding of the Wholesale Division to Red Star Wholesalers
- 1991 Acquisition of Arthur Garden Engineering
- 1992 Formation of Bluestar Transport
- 1994 Acquisition of Sugar Industries in Botswana (Pvty) LTD
- 1995 Acquisition of Highfield Bag
- 1996 Acquisition of Marathon Retreads (now Marathon Tyres)
- 2002 Tate & Lyle PLC of the United Kingdom divested its interest in Zimbabwe, through a Management Buy Out (MBO) resulting in localisation of ZSR Corporation Limited
- 2003 Acquisition of Advance Wholesalers (Bulawayo)
- 2004 ZSR Transport opened in Johannesburg, South Africa
- 2006 Separate listing of Red Star Holdings Limited on the Zimbabwe Stock Exchange
- 2006 Acquisition of R. Chitrin & Co
- 2006 Acquisition of West Beverages
- 2006 Re-branding of ZSR Corporation to starafricacorporation limited
Products
The diversity allows the group to maximise synergies that exist among its strategic business units. The Goldstar sugar brand is an active raw material for the Country Choice Foods. The Bluestar transport brand distributes manufactured products from Goldstar, Country Choice Foods. These brands are very complimentary giving Starafricacorporation a sustainable competitive advantage. The strength of this group is in its ability to execute.
