Starafrica - The Standard

Topic : Starafrica

Starafricacorporation battles US$2,23m working capital deficit

Despite the liquidity pressures, the company posted a profit after tax of US$1,44 million for the year under review, compared to a US$4,83 million loss in the prior year.

By Tatira Zwinoira Jul. 3, 2026

Starafricacorporation battles US$2,23m working capital deficit

StarAfrica pledges US$4m property in turnaround bid

The company is banking on a recovery in operating performance to return to profitability next year.

By Tatira Zwinoira Jan. 9, 2026

StarAfrica pledges US$4m property in turnaround bid

‘starafricacorporation technically insolvent’

Yet, during the same half-year period under review, the group recorded a loss after tax of US$189 105, compared to a loss of US$457 842 last year.

By Business Reporter Dec. 31, 2025

‘starafricacorporation technically insolvent’

Starafrica bemoans sugar tax despite higher revenues

Starafrica properties business also contributed positively to its year profit with rental income increasing to ZiG9,5 million, recording a ZiG1,9 million rise from the previous year.

By Concilia Mupezeni Jul. 4, 2025

Starafrica bemoans sugar tax despite higher revenues

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

starafrica corporation overdraft overshoots

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

Retrenched starafrica workers refuse to go

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