African Sun Limited (Afrisun) shareholders have approved the delisting of the hospitality group from the Victoria Falls Stock Exchange (VFEX).
The delisting is part of the hotel group’s restructuring exercise targeted at unlocking value.
At an extraordinary general meeting held on 18 March 2026, the shareholders unanimously agreed that “the company’s shares be removed from the Main Board of the VFEX through voluntary termination of the listing on the VFEX in terms of Section 11 of the VFEX Listings Requirements.”
As part of the restructuring exercise, Afrisun targets to reduce its hotel numbers, a move it hopes to unlock greater shareholder value.
Going forward, the group intends to focus on a smaller, core portfolio of higher quality properties, many of them operating with international brands.
The strategy will also involve disposal of non-core assets to free up capital.
African Sun recently confirmed it will cease operations at Caribbea Bay Resort in Kariba, with the property set to be taken over by the Public Service Pension Fund as a going concern.
The group manages ten-plus hotels, including The Victoria Falls Hotel, Elephant Hills Resort, Monomotapa Hotel, and various Holiday Inns. – TML