African Sun targets 18% profit before tax margin
The new target comes as ASL embarks on strategic portfolio realignment, selling non-core properties to focus on high-performing hotels in prime locations.
By Tatira Zwinoira
Jun. 27, 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
Deadly fiscal squeeze forces RBZ into caution... central bank plans US$6bn war chest to anchor stability
Local News
Jan. 16, 2026
AfDB redflags Zim over resource-backed loans... US$2,9 billion mortgaged between 2004 and 2019, bank claims
Local News
Jan. 16, 2026
Industries toy with bonds, stock markets to tackle ‘problematic’ VAT refunds
Local News
Jan. 16, 2026
