{"id":115276,"date":"2026-02-15T10:57:34","date_gmt":"2026-02-15T08:57:34","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/african-sun-to-delist-from-vfex"},"modified":"2026-02-15T13:01:54","modified_gmt":"2026-02-15T11:01:54","slug":"african-sun-to-delist-from-vfex","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/african-sun-to-delist-from-vfex","title":{"rendered":"African Sun to delist from VFEX"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>Hotelier African Sun Limited (AfSun) has announced plans to delist from the Victoria Falls Stock Exchange (VFEX) and undertake a partial share buy-back, marking a significant strategic shift aimed at enhancing operational flexibility and unlocking long-term shareholder value.<\/p>\n

The move comes as AfSun continues to reshape its asset portfolio.<\/p>\n

The group is seeking shareholder approval to dispose of its Caribbea Bay Resort in Kariba to the Public Service Pension Fund for US$5,65 million, as it accelerates capital reallocation towards higher-return hospitality assets.<\/p>\n

Since 2024, the listed hotelier has been offloading non-core properties, including the Great Zimbabwe Hotel and Laclede Investments for US$4,2 million, as well as the Monomotapa Hotel and its adjacent car park for US$18 million.<\/p>\n

Proceeds from these disposals have strengthened liquidity, with cash and cash equivalents rising 87% to US$19,9 million by the third quarter of 2025.<\/p>\n

AfSun\u2019s planned delisting from the VFEX would make it only the second company to exit the bourse since its inception, after National Foods Holdings Limited.<\/p>\n

\u201cThe board of directors of African Sun Limited (the company) wishes to advise shareholders and the investing public that the board has approved the delisting of the company from the Victoria Falls Stock Exchange (VFEX),\u201d AfSun said in a statement.<\/p>\n

\u201cThe proposed delisting will be accompanied by an offer by the company to repurchase a portion of its issued ordinary shares from shareholders, subject to obtaining the requisite regulatory approvals and shareholder consents.\u201d<\/p>\n

Afsun said the proposed transaction aligns with the board\u2019s ongoing strategic review and value-unlocking initiatives, which are aimed at enhancing operational flexibility and supporting the company\u2019s long-term objectives.<\/p>\n

The strategy appears to be yielding results, with AfSun\u2019s market capitalisation rising to US$65,1 million as of Friday, up from US$59,12 million in April last year \u2014 the month in which it concluded the sale of the Great Zimbabwe Hotel and Laclede Investments.<\/p>\n

\u201cFurther details of the proposed transaction will be provided to shareholders once all regulatory processes and deliberations have been concluded,\u201d the company said.<\/p>\n

\u201cAs the transaction may have a material effect on the company\u2019s shares, shareholders are advised to exercise caution and consult their professional advisers when trading in the shares of African Sun Limited.\u201d<\/p>\n

For More News And Analysis About Zimbabwe<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. Hotelier African Sun Limited (AfSun) has announced plans to delist from the Victoria Falls Stock Exchange (VFEX) and undertake a partial share buy-back, marking a significant strategic shift aimed at enhancing operational flexibility and unlocking long-term shareholder value. The move comes as AfSun continues to reshape its asset portfolio. The group is […]<\/p>\n","protected":false},"author":84,"featured_media":115275,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,12],"tags":[19],"class_list":["post-115276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-zimbabwe"],"yoast_head":"\nAfrican Sun to delist from VFEX - zimbabwe<\/title>\n<meta name=\"description\" content=\"Hotelier African Sun Limited (AfSun) has announced plans to delist from the Victoria Falls Stock Exchange (VFEX) and und ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/african-sun-to-delist-from-vfex\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"African Sun to delist from VFEX\" \/>\n<meta property=\"og:description\" content=\"Hotelier African Sun Limited (AfSun) has announced plans to delist from the Victoria Falls Stock Exchange (VFEX) and und ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/african-sun-to-delist-from-vfex\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-15T08:57:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-15T11:01:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2026\/02\/sm_1771153271.205127.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"387\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/african-sun-to-delist-from-vfex#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/african-sun-to-delist-from-vfex\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"African Sun to delist from VFEX\",\"datePublished\":\"2026-02-15T08:57:34+00:00\",\"dateModified\":\"2026-02-15T11:01:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/african-sun-to-delist-from-vfex\"},\"wordCount\":383,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/african-sun-to-delist-from-vfex#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2026\/02\/sm_1771153271.205127.jpg\",\"keywords\":[\"Zimbabwe\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/african-sun-to-delist-from-vfex#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/african-sun-to-delist-from-vfex\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/african-sun-to-delist-from-vfex\",\"name\":\"African Sun to delist from VFEX - 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