Mashonaland Holdings Limited

 

 


 Company Profile
 
 

Home      Investors      Portfolio    Projects    Contact Us   

 


Quick Link

Background


Mission Statement


Sharehold
Structure



Group
Structure



Social
Responsibility



Awards

 


BACKGROUND

Mashonaland Holdings was incorporated in July 1966 with the Mashonaland & Provincial Trust Company (Pvt) Ltd and Mashonaland Real Estate (Pvt) Ltd forming the original structure, and other early acquisitions included complementary construction and development companies, including the brickfields west of Harare now operated by Willdale Limited. Much of the Greystone Park flat and housing development was undertaken at that time by Mash. In 1969 Mash become the first property company to be listed on the Zimbabwe Stock Exchange.

Subsequently the group expanded into the industrial sector with the emphasis on import substitution in the light engineering businesses. Its new factory complex and head offices were built in Graniteside in the early 1980’s. Trading concerns in the hardware, electrical and the motor spares sectors  were added to the portfolio. At its peak in the 1990’s the diversified conglomerate employed almost 5 000 staff including those at the brickfields in Harare and Gweru.

In 1987 Mashonaland Holdings acquired land at Ruwa which it transformed into the Ruwa Growth Point.  The brainchild of the then chairman, Mr T C Hardy, a satellite town east of Harare was established, incorporating industrial and commercial stands, as well as large residential areas for low, medium and high density housing. All the infrastructure and many of the factories and houses were built by Mash.

In the early 2000’s the decision was taken to rationalize the groups operations.  Two major un-bundling exercises were undertaken. The electrical and light engineering manufacturing businesses, along with various trading operations, were incorporated into Powerspeed Limited which was then listed as a public company on the ZSE. Similarly, the brickmaking operations were listed under Willdale Limited. Following these de-mergers, Mash was left with a core of properties into which the then major shareholders and other interested parties reversed their own property portfolios in order to establish, by way of a rights offer, the “new Mash” in October 2003.

Thus the company returned to its original core business.  It is now a fully fledged property investment and development company with its headquarters in ZB Life Towers in central Harare.

Back to top
 


Space to Let


HARARE

ZB Life Towers

ZB Centre

Rhodesville Shopping Centre
 

 


MISSION STATEMENT

VISION

TO BE THE FOREMOST PROPERTY INVESTMENT AND DEVELOPMENT COMPANY IN THE REGION.


MISSION

TO BUILD STAKEHOLDER RETURN BY DELIVERING VALUE SOLUTIONS.


OUR VALUES

• INTEGRITY
• INNOVATION
• ENTREPRENEURSHIP
• TEAM-WORK
• FAIRNESS

The purpose of the Mashonaland Holdings is to earn money for its shareholders and increase the value of their investment. We will do that through growing the company, controlling assets and properly structuring the balance sheet, thereby increasing EPS, cash flow, and return on invested capital.

Back to top
 

 
 


SHAREHOLDING STRUCTURE BY SECTOR

 

 

Back to top
 

 
 


GROUP STRUCTURE
 

Directorate
 

  R Mutandagayi
M Mahari
AG Chinembiri
WB Mashumba
N Matsangura
L Mawire
P Musarurwa
Non Executive Chairman
Executive Director
Non Executive Director
Non Executive Director
Executive Director
Non Executive Director
Non Executive Director
   

 

Senior Management

 

  M Mahari MBA  Gdppm  Bsc (UZ)
Registered Estate Agent
Associate Chartered Institute of Arbitrators
Chief Executive Officer  
  N Matsangura MSc Acc & Fin Man MBA ACMA ACIS AIOBZ Finance Director / Company Secretary  
  D Mutemachani MSc MBA BSc MRICS AREIZ Chartered Surveyor Senior Property Manager  
  W Manjoro ICIOB MAQS ZIQS BSc (Hons) QS Property Development Manager  
  A Ndlovu ACMA,CGMA ICSA(Z) MSc Acc & Fin Man  Accountant  

 

Committees


There are four committees responsible to the Board, all of which are chaired by non-executive directors.

 

Audit Committee examines the company’s financial statements at half year and year end and approves these for submission to the Board. It also reviews the annual budget. It is responsible for ensuring compliance with International Financial Reporting Standards, the Companies Act and the requirements of the Zimbabwe Stock Exchange. It meets at least twice a year with the Company's external auditors who have unrestricted access to the Audit Committee.

 

Investment Committee examines all investment opportunities for the company, primarily, but not exclusive to, the property market in terms of land, buildings and development projects.  It also recommends capital expenditure. 

 

Insurance Committee reviews the sums insured of all immoveable property, assets and motor vehicles, as well as limits of liability.

 

Remuneration Committee reviews and recommends staff remuneration and benefits, conditions of service and overall staffing policies.

 

Back to top
 

 
 


 

SOCIAL RESPONSIBILTY
 

Mashonaland Holdings believes that business depends on the society in which it operates and therefore has a responsibility to support the wider community in one form or another outside the company’s normal sphere of operational activity.

 

Accordingly, the company has continued its major sponsorship of the Vocal and Instrumental Festival of the National Institute of Allied Arts, or “The Eistedfodd” as it is more popularly known.  Entrants are drawn from junior and senior schools throughout the country. International adjudicators from overseas have praised the high standard of achievement throughout the festival which reflects well not only on the students but the standard of teaching in Zimbabwe.

 

The company also remains committed to its financial support for the Jairos Jiri organization which does outstanding work in the field of assisting and caring for the physically handicapped.

 

Mashonaland Holdings also participates in the Africa Unity Square Enhancement Programme along with other property stakeholders surrounding Harare’s most historic square at the heart of the city.

 

Back to top

 
 


AWARDS

QUOTED COMPANIES PROPERTY SECTOR AWARD
 

Mashonaland Holdings is proud to have won the Independent’s Sectoral Award for Property in their Zimbabwe Quoted Companies Survey in 2005-2006, 2006-2007, 2007-2008 and 2011-2012.

Back to top
 

 
 


DISCLAIMER   І   TERMS & CONDITIONS   І   CONTACT