This short-form financial announcement is the responsibility of the Directors and is only a summary of the information contained in the special purpose annual financial statements prepared in accordance with the requirements of the Monetary Policy Statement of 6 February 2025 and does not contain full or complete details.
We reached a remarkable milestone of 15 million Lost Time Injury-Free man hours in October 2024, achieved over the past three years since 2022. This accomplishment reflects our team’s commitment to fostering a safe working environment and our dedication to the goal of Zero Harm in all activities.
Masimba Holdings received three awards at the NSSA ceremony, held in partnership with the Zimbabwe Institute of Occupational Safety & Health at The Elephant Hills Resort in Victoria Falls on 11 October 2024.
We were honoured with:
These awards reflect our commitment to creating value while maintaining Zero Harm for our stakeholders and the communities we serve.
The Group celebrated a significant milestone on 5 November 2024: 50 remarkable years of being listed on the Zimbabwe Stock Exchange. This achievement reflects the unwavering support of our valued shareholders.
Venue: Masimba Holdings Headquarters
The Board advises its shareholders of the following change in its composition, effective 28 November 2024.
The group takes pride in its inspirational goal of Zero Harm. The organisation reached a milestone of 10,593,293 LTI-Free manhours with a 0 record of Lost Time Injuries in 2022 and 2023 respectively. To date, no LTI has been recorded. In addition, it also received 1 Sectoral Gold and 1 National Gold Award at the NSSA SHAW conference in recognition of its outstanding safety performance in the Masvingo region and for being the best Civils Contractor of the year.
Following the application submitted to the Zimbabwe Stock Exchange to defer the publication of the financial results for the year ended 31 December 2023, the ZSE has granted an extension to Tuesday 30 April 2024.
This extension allows sufficient time to address identified technical issues. The Group remains committed to meeting its obligations and ensuring accurate and reliable financial reporting.
An application was made to the Zimbabwe Stock Exchange to defer the publication of the financial results for the year ended 31 December 2023. The Group was granted a dispensation, and the financial results will be published on or before 5 April 2024.
The delay in the publication of the financial results was necessitated by the need to perform additional verification procedures following the change in functional currency in the current period from Zimbabwe dollars to United States dollars.
