starafrica corporation overdraft overshoots
It acquired this debt and ran its overdraft to ease working capital pressure. Revenue was negatively affected by the company’s Goldstar Sugar brand which saw a 41% fall in volumes.
By Tafadzwa Mhlanga
Feb. 2, 2024
Retrenched starafrica workers refuse to go
United Food and Allied Workers Union of Zimbabwe general secretary Adoniah Mutero confirmed seeing the letters and vowed to challenge the retrenchments.
By Tafadzwa Kachiko
Sep. 20, 2023
Goldstar Sugars returns to production
The company’s sugar production unit, Goldstar Sugars halted production at its Harare plant on February 13, before cautioning investors a few days later, citing rocketing raw material prices.
By Rugare Mubika
Feb. 23, 2023
starafrica to focus on cost mitigation
This comes as the company announced that its products had become uncompetitive following an increase in prices by the sole supplier of raw sugar.
By Melody Chikono
Feb. 21, 2023
starafricacorporation posts $133,47m loss in H1
The firm reported profit after tax of $182,5 million in the comparative 2021 period.
By Rugare Mubika
Dec. 22, 2022
