SCAIFLOW Investments has become one of the leading investment vehicles on the Zimbabwe Stock Exchange (ZSE), spreading its interests across 24 listed companies out of the 80 counters.
The investment company’s interests were valued at over $73 billion as of the share price on Tuesday.
The recent developments on the local bourse come after the company also upped its stake in the Kingdom Financial Holdings to 2,23% from its previous 1,63% after multi-billion dollar rights by the banking institution.
Scaiflow is currently the single largest shareholder in Powerspeed with an 11,93% stake valued at more than $3 billion, while also holding a 0,93% in regional cable manufacturer, Cafca.
In mining, the investment company has an interest in yellow metal extracting firm, Falgold valued at $141 million and Bindura Nickel Corporation valued at over $3,6 billion while holding a 8,8% stake in precious minerals mining company Riozim valued at over $19 billion.
In the property and construction sector, Scaiflow has representation in diversified holding company, Murray & Roberts valued at $1,3 billion while also buying into Mashonaland Holdings at 7,95% valued at over $18 billion.
Scaiflow currently holds shares in agricultural and horticultural concerns including British American Tobacco Zimbabwe valued at over $1 billion while its stake in Interfresh is currently valued at $743 million.
Analysts said the company had mainly been able to increase the value of investments by making long-term investments on the stock market.
“Scaiflow has been investing for a long time in most of the companies and does not sell like other traders but takes a long-term view which has worked in its favour,” said one analyst.
Scaiflow’s other interests on the local bourse are in Apex Corporation where it has a 6,16% stake valued at $1,5 billion, African Distillers 1,1% valued at $3,4 billion.
In pharmaceutical company Caps, the firm has a 1,39% stake valued at $1,1 billion while its interest in Circle Cement is a 1,23% stake valued at $933 million.
The company also has a 3,99% stake in the Zimbabwe Sugar Refineries valued at $9,9 billion while also having a 0,91% in Tobacco Sales Ltd valued at $1,6 billion.
Scaiflow’s 0,72% interest in Hunyani is valued at $884 million, in diversified conglomerate Phoenix the company has a 3% valued at $863 million.
In property concern Pelhams, it has 0,73%, PGI 1,09%, brick manufacturer Willdale 2,13%, Zimsun 1,53% and a 2,81% in Zimplow all valued at $984 million.