African Distillers Explained

African Distillers
Foundation:1944
Location:Stapleford
Key People:Stanley Muchenje,[1] Muchaneta Ndachena, Executive directors
Industry:Distillery, winery
Products:Alcoholic beverages
Revenue: ZWL$2.76 Billion (2021) [2] [3]
Homepage:African Distillers

African Distillers is a company in Zimbabwe. It is one of the largest producers of alcoholic beverages, primarily distilled spirits and wines, in Zimbabwe.[4]

History

The company was founded in 1944 as "P J Joubert Limited", a wine import firm and then purchased a distillery in Mutare in 1946 and began manufacturing beverages in its own right. In 1974, African Distillers moved its headquarters to Stapleford. It was estimated in 1989 that African Distillers produced about 3 million bottles of wine a year, three-quarters of the country's total domestic wine industry.[5] The company's wine production is located at the Green Valley vineyards in Odzi.[6]

Operations

In Zimbabwe, African Distillers maintains 6 supply depots, at Bulawayo, Harare, Kwekwe, Masvingo, Mutare and Victoria Falls. African Distillers operates 3 cash and carry outlet stores, at Harare, Mutare and Bulawayo.

The company's products include

Wine portfolio

Ownership

The stock of African Distillers listed on the Zimbabwe Stock Exchange, where it trades under the symbol AFDS and is part of the Zimbabwe Industrial Index. As of, the largest shareholders in the company's stock were as depicted in the table below:[7]

Rank!Name of Owner!Percentage
1Afdis Holdings (Pvt) Ltd170.45
2Delta Corporation Limited9.20
3Stanbic Nominees (Pvt) Ltd6.21
4Mining Industry Pension Fund4.57
5African Distillers Limited2.90
6Local Authorities Pension Fund 1.27
7Distell International Limited0.82
8Others4.58
Total100.00
1→Afdis Holdings is an investment holding company owned by Delta Corporation and Distell Group. Based on direct and indirect shareholding in African Distillers, Delta Corporation and Distell Group's effective control of the company is 50.44% and 30.04% respectively.

See also

References

  1. Web site: 2021-03-19 . African Distillers Zimbabwe appoints Stanley Muchenje as Managing Director . 2024-07-12 . en-US.
  2. Web site: August 7, 2023 . African Distillers 2021 Annual Report .
  3. Web site: August 7, 2023 . African Distillers Wealth Hub Profile .
  4. "Afdis moves in to push out cheap whiskeys", Sunday News, Harare. 1 March 2020.
  5. News: Ross . Oakland . December 30, 1989 . Zimbabwe winemakers strive to upgrade quality . . 14 August 2020.
  6. News: Ridge . George . June 11, 1989 . Zimbabwe uncorks some zesty wines . H6 . . 14 August 2020.
  7. Web site: 31 March 2021 . African Distillers 2021 Annual Report . 19 March 2022.