African Sun Limited (formerly Zimbabwe Sun Limited) operates in the hospitality and leisure industry through a number of hotels, resorts, casinos and timeshare operations throughout Zimbabwe as well as regionally with operations in South Africa, Nigeria, Ghana and Botswana. The company emerged from the unbundling of Delta Corporation that saw the tourism group being established as Zimbabwe Sun Limited which later changed its name to African Sun to reflect its regional flare in its name. African Sun Limited leases and operates properties from Dawn Properties Limited, an investment property holding company in which it holds a stake.
Resurgent demand in the final week of the month propelled the ZSE to a weekly gains as a bullish sentiment pervaded the market. Propping the bullish sentiment was the firm demand on the back of surprisingly better numbers in the ongoing reporting season despite the much hyped prevailing economic vagaries. From a previous loss position, a number of companies reporting this week managed to turn the corner amongst them African Sun, Dawn, RioZim and Unifreight as their efforts to stem the rot bore...
In this paper we review the ZSE performance in 2012 and offer our take on insights into 2013. We also give out stock picks for the year and a brief coverage on some of the stocks including African Sun, BAT, DAIRIBORD, DELTA, Econet, Hippo,Innscor, National foods, SeedCO, TSl...
