African Sun to delist from VFEX
AfSun’s planned delisting from the VFEX would make it only the second company to exit the bourse since its inception, after National Foods Holdings Limited.
By Business Reporter
8h ago
ASL seeks shareholder approval to sell Caribbea Bay for US$5,65m
ASL said the proposed disposal supports the company’s shift to a smaller, high-quality hotel portfolio with enhanced focus, enabling greater operational focus, scalability, and profitability.
By Business Reporter
Feb. 12, 2026
African Sun war chest piles up after massive disposals
This growth was fuelled by proceeds from the sale of non-core assets and robust operational cash generation.
By Tatira Zwinoira
Nov. 21, 2025
Premium
Disposals bolster African Sun’s cash flow position
This demonstrated the group’s ability to meet its operational obligations and sustain its day to day operations without reliance on external funding.
By Tatira Zwinoira
Sep. 19, 2025
African Sun overturns loss in H1
African Sun Limited overturned a loss to post a profit
By Ruth Maseko
Sep. 17, 2025
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Pension fund clinches US$18m Monomotapa Hotel takeover deal
Strategically located in Harare’s central business district, Monomotapa is one of the country’s most recognisable tourism assets.
By Tatira Zwinoira
Aug. 3, 2025
African Sun to offload Kariba’s Caribbea Bay Resort
The sale of the hotel is part of ASL’s broader divestment strategy targeting non-core assets.
By Business Reporter
May. 29, 2025
African Sun to offload US$15m hotel by June 30
The sale of Monomotapa Hotel comes as the hotel recorded a loss of US$883 293 in 2023, before turning it into a profit after tax of US$88 992 last year.
By Tatira Zwinoira and Lee Musaidzi
May. 5, 2025
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African Sun gears up for major refurbishments
The renovations will be funded from the sale of the group’s non-strategic assets which the firm is offloading to focus on its key earning properties.
By Business Reporter
Mar. 13, 2025
