malvernmugadzikwa
Online Reporter
Star Africa Corporation anticipates a strong demand for their products following the repealing of Statutory Instrument (SI) 80 of 2023 – Customs and Excise (Suspension) (Amendment) Regulations, 2023 (No. 267) last year.
In their financial results statement for the year ended March 31 2024, the group said it foresees a migration of consumers from imported to locally manufactured white sugar.
“Following the repealing of Statutory Instrument (SI) 80 of 2023 – Customs and Excise (Suspension) (Amendment) Regulations, 2023 (No. 267) whereby white sugar was removed from the general import permit, the group forecasts strong demand for its products as some customers that had migrated to imports are expected to resume local procurement,” the statement reads in part.
“The is amply supported by the group retaining and renewing key certifications that include that of the Coca Cola company and ISO: 9001, as well as food safety certification under the FSSC 22000 series that are key to the group in supplying products to the local market.”
Online Reporter