Articles tagged 'african sun limited'

ASL revenue up 4 July 2017 HARARE - Listed hospitality concern African Sun Limited (ASL) said its revenues in the five months to May went up by 15 percent compared to last year due to an increase in occupancy to 43 percent from 36 percent in 2016. The group's managing director Edwin Shangwa said there was growth in room...
AfriSun in hotels refurbishment 4 April 2017 HARARE - Listed hotelier, African Sun Limited (ASL), has embarked on a major refurbishment exercise on its hotels in its quest to attract higher occupation rates. “Exterior painting at Elephant Hills Resort and Conference Centre is now complete, and the hotel now has a fresh look,” ASL said ye...
African Sun in refurbishment drive 11 May 2016 HARARE - Zimbabwe Stock Exchange-listed hospitality group, African Sun Limited (ASL), has embarked on a multi-million dollar refurbishment exercise aimed at sprucing up the image of its hotels across the country. The group's managing director, Edwin Shangwa, on Monday told the businessdaily th...
ASL exits regional market 4 April 2016 HARARE - Zimbabwe Stock Exchange-listed hotel group, African Sun Limited (ASL), says it has exited all its regional markets focusing on local operations to plug cash haemorrhages from the external operations. ASL chairman Herbert Nkala said the group had abandoned its regional strategy to focu...
Munyeza resigns, as Brainworks plans ASL takeover 1 April 2015 HARARE - African Sun Limited (ASL) chief executive Shingi Munyeza has resigned with immediate effect, as private equity firm Brainworks Capital Management (BCM) plans a total takeover of the listed hospitality group. Munyeza — a businessman and owner of Mugg & Bean, Ocean Basket and News Café ...
ASL turns to regional units 7 July 2014 HARARE - Listed hotel concern African Sun Limited (ASL) says it intends to leverage on its regional operations to mitigate a depressed local environment. The group envisages the foreign market will continue to sustain its ADR and RevPAR as the domestic market may remain depressed into the next...
ASL incurs loss 28 June 2014 HARARE - Listed hotelier African Sun Limited (ASL) incurred an $813 995 loss in the half year to March 2014 compared to a $1,23 million profit incurred in prior comparable period. Of the total loss, the group's Zimbabwe operation recorded a $231 978 while its Ghana units incurred $582 008. ...
Dawn in $18m hotels disposal 6 May 2014 HARARE - Listed properties firm Dawn plans to dispose three of its hotels for a total $18,5 million. The hotels up for sale are Beitbridge Express (BE), three-star Great Zimbabwe Hotel (GZH) and Hwange Safari Lodge (HSL). According to documents, Mauritius-based BTI International (BTI) is th...
ASL approves Dawn stake disposal 24 March 2014 HARARE - African Sun Limited (ASL)’s shareholders have approved the disposal of the hotelier’s 16,54 percent stake in listed property firm, Dawn Properties (Dawn). The shareholding will be acquired by Lengrah Investments Private Limited, a subsidiary of private equity group Brainworks Capital ...
ZSE blocks ASL, Dawn deal 26 February 2014 HARARE - The Zimbabwe Stock Exchange (ZSE) has blocked African Sun Limited (ASL)'s proposed transaction to dispose its 16,54 percent stake in listed property firm, Dawn, over breach of listing rules. Shingi Munyeza's ASL intends to offload its 406,466,976 Dawn shares to Lengrah Investments Pri...
African Sun to delist? 16 December 2013 HARARE - Hospitality concern African Sun Limited (ASL) may delist from the Zimbabwe Stock Exchange (ZSE) after private equity group Brainworks Capital (Brainworks) increased its shareholding beyond the bourse’s prescribed threshold. Last month, Brainworks — through its subsidiary Lengrah Inves...