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.
2022 concluded in a celebratory spirit upon the Group reaching five million LTI free man-hours. Zero Lost Time Injuries were recorded in the year. Further, the award by NSSA of two gold shields for outstanding safety performance in the construction sector, covering Harare and Masvingo regions, at the Safety & Health at Work commemorations held at Victoria Falls in October 2022 was another feather in the cap.
We attribute this record-breaking milestone to the safety culture that permeates company wide. Our employees’ and other stakeholders’ safety remains top priority, Zero Harm being our inspirational goal.
Masimba is certified to the ZWS ISO 14001:2015 Environmental Management System and is committed to the protection of biodiversity.
Road construction involves the destruction of trees and bushes when creating detours, gravel borrow pits and, in the case of dualized sections, new lanes. In line with the project’s Environmental Management Plan and the Group’s pursuance of sustainable development, our Harare Beitbridge Road team partnered with the Forestry Commission, Environmental Management Agency of Zimbabwe, National Social Security Authority, and the Zimbabwe Republic Police in planting 2,000 trees in Gokomere on 10 December 2022.
Masimba plant trees every quarter of the year.
