Notice is hereby given that the fifty-first Annual General Meeting of members of Masimba Holdings Limited (Company Reg No.278/1974) for the year ended 31 December 2025 will be held at 44 Tilbury Road, Willowvale, Harare, Zimbabwe, on Tuesday 30 June 2026 at 12 noon.
BACKGROUND
Masimba Holdings Limited (Masimba), a construction and engineering group, is a duly registered company in Zimbabwe and listed on the Zimbabwe Stock Exchange (ZSE) and thus must comply with ZSE listing regulations. As part of these listing requirements, it is required to change its external auditors once every 5 years. Its current external auditors, Grant Thornton Zimbabwe, completed their full 5-year tenure ending 31 December 2025; hence, a need has arisen to change and appoint new external auditors for five years beginning 01 January 2026.
SCOPE OF WORK
Masimba is looking to appoint an external audit service provider for five years in line with ZSE regulations. Masimba has a 31 December year-end, therefore the successful audit firm is required to provide external audit services and issue its independent external auditors’ report within the ZSE-regulated time frame of 3 months after the reporting period.
The external audit services must also comply with International Standards on Auditing as well as any other
statutory, legal and regulatory requirements.
MINIMUM REQUIREMENTS
Interested audit firms that meet the below minimum requirements are invited to submit quotations to undertake these services.
SUBMISSION PROCEDURE AND DEADLINE
Proposals conforming to the requirements set out above must be received by Masimba through the email, pearl.mutiti@masimbagroup.com, or delivered at our registered address, 44 Tilbury Road, Willowvale, Harare, to the attention of the Company Secretary no later than close of business on 05 June 2026.
Any proposal received after the time and date specified shall not be considered.
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.
The Board advises its shareholders of the following change in its composition, effective 28 November 2024.
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.
