African Distillers
 | |
| ZSE: AFDS | |
| Industry | Distillery, winery |
| Founded | 1944 |
| Headquarters | Stapleford |
Key people | Stanley Muchenje,[1] Muchaneta Ndachena, Executive directors |
| Products | Alcoholic beverages |
| Revenue |  ZWL$2.76 Billion (2021) [2][3] |
| Website | 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
[edit]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
[edit]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
Spirit portfolio
[edit]Wine portfolio
[edit]Ownership
[edit]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 March 2021[update], the largest shareholders in the company's stock were as depicted in the table below:[7]
| Rank | Name of Owner | Percentage |
|---|---|---|
| 1 | Afdis Holdings (Pvt) Ltd1 | 70.45 |
| 2 | Delta Corporation Limited | 9.20 |
| 3 | Stanbic Nominees (Pvt) Ltd | 6.21 |
| 4 | Mining Industry Pension Fund | 4.57 |
| 5 | African Distillers Limited | 2.90 |
| 6 | Local Authorities Pension Fund | 1.27 |
| 7 | Distell International Limited | 0.82 |
| 8 | Others | 4.58 |
| Total | 100.00 |
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.[7]
See also
[edit]References
[edit]- ^ "African Distillers Zimbabwe appoints Stanley Muchenje as Managing Director". 19 March 2021. Retrieved 12 July 2024.
- ^ "African Distillers 2021 Annual Report" (PDF). 7 August 2023.
- ^ "African Distillers Wealth Hub Profile". 7 August 2023.
- ^ "Afdis moves in to push out cheap whiskeys", Sunday News, Harare. 1 March 2020.
- ^ Ross, Oakland (30 December 1989). "Zimbabwe winemakers strive to upgrade quality". Scripps Howard News Service. Retrieved 14 August 2020.
- ^ Ridge, George (11 June 1989). "Zimbabwe uncorks some zesty wines". Arizona Daily Star. p. H6. Retrieved 14 August 2020.
- ^ a b "African Distillers 2021 Annual Report". 31 March 2021. Retrieved 19 March 2022.
 | This African corporation or company article is a stub. You can help Wikipedia by expanding it. |
 | This Zimbabwe-related article is a stub. You can help Wikipedia by expanding it. |