About

About us

Mashonaland Holdings Limited is a trailblazer! The company was founded in 1966 and it quickly became the first property investment company to list on the Zimbabwe Stock Exchange in 1969.

We are committed to maximising the potential of property investments under our management! Our core business is focused on the delivery and investment management of quality commercial, industrial, retail, specialised and residential properties with a strong emphasis on ensuring premises functionality to our tenants whilst sustaining and maintaining a firm asset base for our clients and shareholders. Our growing property portfolio includes prime commercial, industrial, retail and residential properties spread across the country. Our renowned real estate services are offered through the three functional units; Property Research and Development, Property Management and Facilities Management.

We believe our vision is your future.

Company History

In 1966 the Mashonaland & Provincial Trust Company (Pvt) Ltd and Mashonaland Real Estate (Pvt) Ltd formed the original structure of Mashonaland Holdings Limited. 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 during this time by Mash. The Company became the first property company to be listed on the Zimbabwe Stock Exchange in 1969.

The group subsequently expanded into the industrial sector, with the emphasis on import substitution in the light engineering businesses with the new factory complex and head offices built in Graniteside in the early 1980’s. Trading concerns in 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 infrastructure and many of the factories and houses were built by Mash.

The decision to rationalise the Group’s operations was effected in the early 2000’s with the electrical and light engineering manufacturing businesses, along with various trading operations, 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, Mashonaland Holdings Limited remained with its core 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.  Mashonaland Holdings Limited is now a fully-fledged property investment and development company with its headquarters in ZB Life Towers in the central business district of Harare

Group Structure

Board

G. Bema

INDEPENDENT NON-EXECUTIVE CHAIRPERSON
MSc MBA BScEng MZweIE MZACE PrEng(ECZ)

P. Masarurwa

Independent Non-Executive Deputy Chairperson
BL (Hons), LLB

G. Mapfidza

Executive Director
BSC, MSC, MREIZ, MRICS

K. Musundire

EXECUTIVE DIRECTOR
CA(Z), HONS BCOMPT (UNISA), BCOM (Hons) ACC (NUST)

R. Mutandagayi

Non-Executive Director
BAcc(UZ), CA (Z), MBL (UNISA)

R. Watungwa

Non-Executive Director
AIBZ, BBS (UZ), MBA (UZ)

H.M. Munyati

INDEPENDENT NON-EXECUTIVE
BAccHons (UZ), CA (Z), MBL (UNISA)

S.M. Mutangadura

INDEPENDENT NON-EXECUTIVE
LLB Hons (UZ), MBA (UK), LLM (UK), CAS in Arbitration (CH)

B. Musariri

NON-EXECUTIVE DIRECTOR
MBL (UNISA), BBS Hons (UZ)

Senior Management

G. Mapfidza

Managing Director
BSC, MSC, MREIZ, MRICS
Gibson is a Chartered Surveyor with over 15 years of professional working experience in the built environment industry. He ... Read More

K. Musundire

CHIEF FINANCE OFFICER
CA(Z), HONS BCOMPT, BCOM (Hons) ACC
Kudakwashe is a Chartered Accountant with over 10 years experience in financial management and auditing in various industries which ... Read More

P. Kamonere

Property Manager
BSc, MBA, REA
Progress has over 10 years experience in the real estate sector. She started her career at the internationally recognised CB ... Read More

M. Ruwende

Property Development Manager
BSc, MBA
Michael is a qualified Quantity Surveyor with over 10 years of professional experience in property investments, development and facilities management. ... Read More

Group Structure

The Board has for Board Committees, all chaired by non-executive directors as follows:

Audit Committee

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

Investment Committee

Examines, reviews and approve all investment opportunities for the company relating to new investments in the property market or disposals. The committee also provides high level oversight on capital project execution to management.

Risk and Compliance Committee

Broadly, the Committee ensures the company’s compliance to established good Corporate Governance, industry standards, statutory regulations and company policies. It also reviews the sums insured of all immoveable property, assets and motor vehicles, as well as limits of liability. The Committee also sets and regularly reviews the company’s risk appetite in the real estate investment markets.

Human Resources and Remuneration Committee

The Committee is responsible for ensuring that the company has a competent human resource base of required skill and attributes in order for the company to achieve its set goals. It also reviews and recommends staff remuneration and benefits, conditions of service and overall staffing policies from time to time.

Vision & Mission

Vision

To be the leading 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

Our purpose is to provide competitive rates of returns to our shareholders. We do this by offering excellent services to clients across our diversified property portfolio. Market research and analysis fosters innovative property developments and property management programs that also contribute to high and sustainable returns.

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