THE HISTORY OF THE GROUP

1935 Founding of the Group as Rhodesia Sugar Refinery

1947 Listing of the Group on the Zimbabwe Stock Exchange

1956 Launch of Harare Refinery

1974 Acquisition of the Wholesale Division

1978 Formation of Country Choice Foods to focus on production of sugar speciality products

1979 Acquisition of Polyfilm Plastics

1986 Re-branding of the Wholesale Division to Red Star Wholesalers

1991 Acquisition of Arthur Garden Engineering

1992 Formation of Bluestar Transport

1994 Acquisition of Sugar Industries in Botswana (Pvty) LTD

1995 Acquisition of Highfield Bag

1996 Acquisition of Marathon Retreads (now Marathon Tyres)

2002 Tate & Lyle PLC of the United Kingdom divested its interest in Zimbabwe, through a Management Buy Out (MBO) resulting in localisation of ZSR Corporation Limited

2003 Acquisition of Advance Wholesalers (Bulawayo)

2004 ZSR Transport opened in Johannesburg, South Africa

2006 Separate listing of Red Star Holdings Limited on the Zimbabwe Stock Exchange

2006 Acquisition of R. Chitrin & Co

2006 Acquisition of West Beverages

2006 Re-branding of ZSR Corporation to starafricacorporation limited