Star Africa Corporation feels good about Zimbabwe's money situation getting better. The sugar and food company says the country's economy looks stronger after a rough patch earlier. Farm production went up this year and that should help feed more people across the nation. The company thinks tobacco sales will bring in more foreign cash and gold prices keep climbing higher. All these changes make the local currency more stable for everyone.
The business made more money this year despite tough competition from other countries. Sales jumped up 22 percent to reach ZiG1.7 million compared to last year's numbers. The company cut prices to fight against cheap imports flooding the market. Their main sugar factory sold 59,613 tonnes of white sugar to customers around Zimbabwe. Even though beverage makers bought less sugar because of new taxes, the company still managed to grow.
Star Africa's specialty food division also did well during these twelve months. Country Choice Foods sold 1,416 tonnes of products compared to 1,244 tonnes before. The company changed how it sells things to customers and offered better deals. Management believes the government will protect local businesses from unfair competition. They want to make more different products and improve how they make everything in their factories.
The business made more money this year despite tough competition from other countries. Sales jumped up 22 percent to reach ZiG1.7 million compared to last year's numbers. The company cut prices to fight against cheap imports flooding the market. Their main sugar factory sold 59,613 tonnes of white sugar to customers around Zimbabwe. Even though beverage makers bought less sugar because of new taxes, the company still managed to grow.
Star Africa's specialty food division also did well during these twelve months. Country Choice Foods sold 1,416 tonnes of products compared to 1,244 tonnes before. The company changed how it sells things to customers and offered better deals. Management believes the government will protect local businesses from unfair competition. They want to make more different products and improve how they make everything in their factories.
