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]

African Distillers
ZSE: AFDS
IndustryDistillery, winery
Founded1944
HeadquartersStapleford
Key people
Stanley Muchenje,[1] Muchaneta Ndachena, Executive directors
ProductsAlcoholic beverages
RevenueIncrease ZWL$2.76 Billion (2021) [2][3]
WebsiteAfrican Distillers

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

Spirit portfolio
  • whisky: Gold Blend Whisky, Harrier Whisky, Three Ships (3 years and 5 years),
  • brandy: Chateau, Viceroy, Heritage,
  • gin: Gilberts Gin, Gilbeys Gin
  • rum: Admirals Rum
  • vodka: Nikolai Vodka, Smirnoff Vodka (1818), Smirnoff Triple Distilled
  • ouzo: Hellas Ouzo

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 March 2021, the largest shareholders in the company's stock were as depicted in the table below:[7]

African Distillers Stock Ownership
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

References
  1. "african-distillers-zimbabwe-appoints-stanley-muchenje-as-managing-director". www.foodbusinessafrica.com. 19 March 2021. Retrieved 30 November 2021.
  2. "African Distillers 2021 Annual Report" (PDF). 7 August 2023.
  3. "African Distillers Wealth Hub Profile". 7 August 2023.
  4. "Afdis moves in to push out cheap whiskeys", Sunday News, Harare. 1 March 2020.
  5. Ross, Oakland (30 December 1989). "Zimbabwe winemakers strive to upgrade quality". Scripps Howard News Service. Retrieved 14 August 2020.
  6. Ridge, George (11 June 1989). "Zimbabwe uncorks some zesty wines". Arizona Daily Star. p. H6. Retrieved 14 August 2020.
  7. "African Distillers 2021 Annual Report". 31 March 2021. Retrieved 19 March 2022.


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