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African Sun Ltd
Bally House, Mount Pleasant
Business Park, Cnr. Norfolk Road/870 End
Phone: +263 242338232p:+263 242338232 HARARE, Zimbabwe Ticker: ASUNASUN
This company was Merged or Acquired on 1/14/2014.
This is a Subsidiary, click here for the Parent Company
Business Summary
African Sun Limited is a Zimbabwe-based hotel asset management company. The Company's segments include Franchised Hotels, Stand-alone Hotels, Partnership Hotel, Real Estate, and Other. Franchised Hotels includes hotels that run under the InterContinental Hotel Group (IHG) Holiday Inn brand. The segment includes Holiday Inn Harare, Holiday Inn Bulawayo, and Holiday Inn Mutare. Stand-alone Hotels include hotels that operate under homegrown brands and include Elephant Hills Resort and Conference Centre, Monomotapa Hotel, Hwange Safari Lodge, Caribbea Bay Resort, and Troutbeck Resort. Partnership Hotel This refers to The Victoria Falls Hotel, which is jointly operated with Meikles (Private) Limited. Real Estate segment. Real Estate segment owns eight hotels, six of which are leased to the hotel operating segments above, two timeshare lodges, residential properties in Harare, undeveloped land across Zimbabwe, held either for sale or capital appreciation.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
6/30/202412/31/2023Yes----

Industries
SIC Code Description
7011 Hotels and motels
8049 Offices and clinics of health practitioners, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Independent Non-Executive Chairman of the Board Emmanuel A.Fundira 10/20/2021 10/17/2012
Managing Director; Executive Director; Member of the Executive Committee; Divisional Head, Owner Ma Edwin T.Shangwa 9/17/2015 3/31/2015
Finance Director, Executive Director, Member of the Executive Committee Believemore H.Dirorimwe 9/17/2015 3/31/2015
10 additional Officers and Directors records available in full report.

Business Names
Business Name
African Sun Limited
ASUN
Zimbabwe Sun Limited

General Information
Number of Employees: 1,666 (As of 9/30/2012)
Outstanding Shares: 1,475,103,666 (As of 6/30/2024)
Shareholders: 9,013
Stock Exchange: VFX


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Wednesday, January 29, 2025