Agriculture, Zambia Sugar PlcOctober 19, 2018

Zambia Sugar Signals “Higher EPS”
Zambia Sugar Plc recently notified shareholders through SENS Announcement that the Earnings per Share (EPS) for the financial year ended 31 August 2018 is expected to be approximately 65% higher than that for financial year ended 31 August 2017. Now before stakeholders get excited by a prospectively higher bottom line when they publish their financials […]

Agriculture, Zambia Sugar PlcJuly 11, 2018

Zambia Sugar to Reduce Work Force
When Zambia Sugar’s Corporate Affairs Manager Sally Namutowe made the July 2018 press statement that her company was engaging employees in effecting a voluntary separation program, we were not surprised that the sweetest company in Zambia was considering a cost reduction strategy to save its position. According to an extract from her statement, Sally indicated […]

Agriculture, Retail, Zambia Sugar PlcDecember 19, 2017

CCPC goes for Zamsugar: Understanding the Laws of Competition
In October of 2017 the Competition and Consumer Protection Commission (CCPC) board of commissioners fined Zambia Sugar PLC the sum of K76,728,650 which is 5% of their annual turnover as at 2013 as reported on the CCPC website. This came about as a result of price discrimination and what they (CCPC) found to be unfair […]

Agriculture, Finance, Zambia Sugar PlcNovember 16, 2017

Zambia Sugar at Full Year 2017
On the 9th of November 2017, Mwansa Mutimushi (Company Secretary) released through SENS announcement, the 5 month audited financials by order of the Zambia Sugar Board. FiZ has been monitoring the performance of the company post project PAAR. Although shareholders would have been anxious to hear news of a dividend, we believe patience will have […]

Agriculture, Zambia Sugar PlcAugust 3, 2017

ZamSugar: The Anatomy of a “PAAR” Deal
In their 2016 Annual Report (AR), ZamSugar (of the Illovo fame) reported commencement of an important project that would turnaround the fortunes of the company. The Product Alignment and Refinery (PAAR) project was the company’s signal to the market that they intended to reinforce their resources and enhance their capabilities. However, for a project of […]

Strategy, Zambia Sugar PlcAugust 2, 2017

Why Zambian Premier Companies Need Core Competences to Survive
There are companies on the Lusaka Stock Exchange that continue to generate increased revenue year on year. Of those companies, the manufacturing and vertically integrated companies have been the most impressive. Few have speculated that size does matter hence why these companies continue to produce increasing revenue records amidst challenging macro conditions that have been […]

Agriculture, Zambia Sugar PlcJuly 30, 2017

Zambia Sugar 2017 Annual Review – Refocused and Sweetly Re-energized
Sugar production worldwide in 2014/2015, by region (in million metric tons), ranked Africa 6th globally behind the titans of Asia, South America, Europe, North and Central America and the EU. Producing 11.98 million metric tons, according to Statista.com, it is clear that Africa which ranks second in global population by continent provides scale for sugar producers […]

Retail, Zambia Sugar PlcApril 27, 2017

Zambia Sugar at PAAR with Value in 2016
There was little sweetness in the ZamSugar board chairman’s statement that after 20 years of paying consistent dividends, shareholders would not be receiving a dividend for the company’s 2016 performance. Fidelis Banda, its chairman, had forewarned investors in the company that 2016 would pose different challenges ranging from power interruptions to irrigation issues,force majeure situations

Agriculture, Retail, Zambia Sugar PlcMarch 26, 2017

Growing Sweet Value in Zambia the ZamSugar Way
As I swift through the sweet Managing Director’s statement in ZamSugar’s 2016 Annual Report, I cannot help but feel excited for newly appointed Rebecca Katowa. She takes over a sweet company that is literally sweetening value from Mazabuka…much to the delight of shareholders.   The last two financial years faced the wrath of falling commodity […]