About Zimplow

Market leaders in farming, infrastructure and mining equipment

Zimplow Limited, incorporated in 1939, is the largest manufacturer and distributor of farming implements in sub-Saharan Africa and operates through four divisions, namely, Barzem, Mealie Brand, CT Bolts and Farmec.

Zimplow’s registered and branded products are actively marketed and exported to several countries in Africa through a well established distribution network. The company also manufactures and distributes metal fasteners for the mining, construction and agricultural industries.

Governance

Our company is committed to good corporate governance which strengthens board management accountability, helping build public confidence in our company.

Audit Committee

The Group has an audit committee that assists the Board in fulfilling its duties. The committee liaises with the Group’s internal and external auditors to review the degree of compliance with financial requirements, monitor the appropriateness of accounting policies and assess the effectiveness of internal control systems.

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Remuneration Committee

Our remuneration committee sets the remuneration of the executive directors and approves guidelines for the group’s pay reviews. Its main role is to provide packages that attract, retain and motivate high quality individuals who will contribute substantially to the growth and success of the Group.

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The Zimplow Board

Our Board of Directors, led by the non-executive chairman, provides independent, strategic, and effective leadership, ensuring accountability to shareholders. It is comprised of individuals with a wealth of experience spanning several years in different industries.

Thomas Chataika - Non Executive Board Chairman

Thomas is the Founder and Managing Director of INVESCI. He is a Chartered Accountant as well as a holder of the CFA charter.

Timothy Michael Johnson - Non Executive Director

Tim was educated at Falcon College and is a holder of a B.Comm degree from Rhodes University. He was the Chief Executive of Cairns Holdings and then Astra Corporation Ltd before its demerger to form Astra Industries and Tractive Power Holdings Ltd. Tim is a Director of CABS, Astra Industries, Cimas Medical Aid Society and Chairman of RM Insurance Company. Tim is also a Trustees Representative of the Beit Trust, a UK registered charitable organisation specialising in infrastructure grants to the health and education institutions. He was a non-executive director of Tractive Power Holdings Limited before its acquisition by Zimplow.

Lance Kennedy - Non Executive Director

Lance Kennedy is a holder of a Master of Science Degree in Business Management in the Agriculture and food Industries from the Royal Agricultural College in Cirencester in the United Kingdom and several other agricultural qualifications. He has a wealth of experience in the agriculture and farming sectors including hands-on experience in managing farming operations in Australia. His career in the agricultural sector spans over 10 years.

Godfrey Manhambara - Non Executive Director

Godfrey holds several academic qualifications, including a Diploma in Business Studies, a Bachelor of Science in Economics degree (Honours) from the University of London, and a Masters in Business Administration. He is an accomplished member of the Charted Institute of Transport and Logistics (MCIOTL) UK and the Zimbabwe Institute of Management (Zim). In his executive career, Godfrey worked for Affretair as Marketing Executive before being elevated to Chief Executive. He then joined the Civil Aviation Authority of Zimbabwe (CAAZ) as Chief Executive, thereafter he went on to Reacon Services as Chief Executive Officer then onto BETA Holdings as Group Chief Operating Officer before being appointed Group Chief Executive, a position he still holds. Godfrey holds Directorships in several companies namely Beta Holdings, Rainbow Tourism Group (RTG), Prime Seed (Private) Limited. He is also Chairman of Zimnat Asset Management since 2005. He was non-executive director of Tractive Power Holdings Limited before its acquisition by Zimplow.

Mark Yong - Non Executive Director

Mark Yong is the Chairman and Director of Unchartered Group Limited (UGL), an International investment and holding company. UGL’s portifolio includes real estate assets, development of commercial and residential real estate projects,luxury real estate development,operation of luxury leisure and lifestyle business leisure, hospitality and entertainment businesses.

UGL’s Investments are found in Ho Chi Minh (Vietman), Singapore and Australia and they include

  • A commercial building in a highly proclaimed IT district in Ho Chi Minh.
  • Broadway Plaza, Anson House, Tides – Successful and strategic retail commercial and office buildings located in Singapore.
  • Hydro Majestic Hotel Blue Mountain – a high-end and historic hotel building located in New South Wales, Australia.
  • Lilianfels Blue Mountain Hotel – a five star hotel housed in a historic country mansion located in New South Wales, Australia.

Mark lives in Singapore. He is married and has two sons.

Kalpesh Patel - Non Executive Director

Kalpesh is a seasoned executive in the Steel industry and is currently the Chief Executive officer of Steelmakers Ltd in charge of its Sub-Saharan operations. He possesses a Bsc in Economics and a BA in Political Science including a Msc in Economics from the London School of Economics.

Vimbayi Nyakudya - Group CEO

Vimbayi is a Chartered Accountant who trained and qualified with KPMG. He is also a holder of a Masters in Business Leadership degree from UNISA. As the Group CFO Vimbayi has played a key role in managing the Group’s balance sheet, allocating capital to best opportunities and thereby ensuring optimal profitability.

Contact details:

10 Harrow Road, Msasa, Harare
Tel: +263 (0242) 486600-4, 486609-16
Fax: +263 (0242) 486644
Email: cat@barzem.co.zw

Barzem

The local representative of Caterpillar and Hyster, ‘world leading’ manufacturers of earth moving equipment and fork lift products

Barzem Enterprises (Pvt) Ltd, as it is named now, was established over 60 years ago as the local Caterpillar Dealer. The company is a joint venture business, 51% owned by Zimplow Holdings Limited and 49% by Barloworld Equipment UK Ltd. Barzem has a dealer representative agreement for Caterpillar and Hyster with Barloworld Equipment, who in turn represent Caterpillar. Caterpillar are the USA based manufacturer of heavy earth moving equipment, and Hyster the USA manufacturer of fork lift products.

Barzem is a major supplier of equipment to most strategic sectors and segments of our economy. Our products made by Caterpillar are used mostly in mining operations where we supply bulldozers, wheel loaders, motor graders, excavators, dump trucks, compactors, backhoe loaders and electric power generators amongst a varied list of products. Our Hyster brand of materials handling equipment is comprised of forklifts ranging from 1.5 tonnes to forty eight tonnes.

Mealie Brand

Manufacturers of quality assured agricultural equipment

Mealie Brand is a division of Zimplow Holdings Limited and was incorporated in 1939 under the trading name Zimplow before various mergers and acquisitions were made. It is the largest manufacturer and distributor of farming implements in sub-Saharan Africa.

Mealie Brand is an ISO 9001:2008 accredited company which addresses the needs of farmers, from breaking the soil to planting the crop. Mealie Brand’s registered and branded products are actively marketed and sold to all regions in Zimbabwe and exported to several countries in Sub Saharan Africa through a well-established distribution network. Mealie Brand works closely with agricultural conservation and extension departments in Zimbabwe and endeavours to form similar relationships in the other regional markets in which it operates. These compliment the efforts of Mealie Brand’s regional agents and provide useful forums for the interchange of ideas.

Visit the Mealie brand website

Contact details:

Bulawayo office:
39 Steelworks Road, Steeldale
Tel: +263 (0292) 888616, 71363/5, 887989, 69103
Mobile: 0773 142 761, 0772 830 867, 0772 162 723-5
Email: sales@zimplow.co.zw | smhemba@zimplow.co.zw

Harare office:
36 – 38 Birmingham Road, Southerton
Tel: +263 (0242) 754612/9
Mobile: 0772 965 397, 0773 248 965
Email: mealiebrand@ctboltsh.co.zw | echivunga@ctboltsh.co.zw

View our product list

Contact details:

Bulawayo:
Falcon / Wanderer Street, Belmont
Tel: +263 (0292) 471591/4, 467746
Fax: +263 (0292) 467830
E-mail: sales@ctbolts.co.zw | buyer@ctbolts.co.zw

Harare:
36 Birmingham Road, Southerton
Telephone: +263 (0242) 754616/9 | 755258/59/61/62
Mobile: 0782 713 141 |  0777 234 037 | 0772 744 495
E-mail: sales@ctboltsh.co.zw | buyer@ctboltsh.co.zw

CT Bolts

Largest suppliers of the widest range of competitively-priced quality fasteners

Rhobolts, now known as C. T. Bolts was founded in Bulawayo in 1954. From its small beginnings as a machine shop specializing on fasteners for the growing different sectors of the economy, the company expanded and received its major boost when the construction of the Kariba Hydroelectric started in the late 1950’s.

As business grew, a distribution outlet was then was opened in Harare in 1957 to cater for demand in the capital city and was followed in 1962 by the opening of a distribution outlet in Kitwe, Zambia, to capitalize on the mining activity in the Copperbelt. The Zambia outlet continued operating until 1972 when it was closed due to the unstable political situation prevailing in that country at that time.

Throughout the 1960’s and 1970’s the company continued to expand, outgrowing its original premises. As a result of this expansion, a new office, factory and warehouse was built at the corner of Falcon and Wanderer Streets in Belmont Industrial Sites, Bulawayo. The company moved into these new premises and remains there to this day.

Visit the CT Bolts website

Farmec

Leading suppliers of internationally recognised agricultural equipment brands

Farmec holds franchise agreements for Massey Ferguson tractors combine harvesters and related equipment, Perkins engines and generator sets, Monosem planters, Falcon range of equipment, Kongskilde, Vicon, Ferri and Howard.

These brands are amongst the leading global brands and the company’s relationship with some of these principals date back to over 60 years.

The Division has maintained these extremely strong relationships through a mixture of pride in the brands that it represents, commitment to its suppliers, customers, staff and a solid knowledge of the agricultural industry in which it operates.

The Farmec head office and main operations are based in Harare and has branches and dealers throughout Zimbabwe so as to provide farmers, industrialists and mining concerns with comprehensive on the spot service.

Visit the Farmec website

Contact details:

36 Birmingham Road, Southerton, Harare
Tel: (0242) 754 613/6/7/8/9
VOIP: 08677007182 | 08677007132
Fax: +263 (0242) 754623
E-mail: poter@farmec.co.zw
Website: www.farmec.co.zw

Contact details:

36 Birmingham Road, Southerton, Harare
P.O. Box 590, Harare
Tel: (0242) 754612 / 19
VOIP: 08677007182
Fax: (0242) 754623
E-mail: powermec@powermec.co.zw

Powermec

Powermec is the official distributor for Perkins parts and engines in Zimbabwe.

Product range

For 85 years Perkins has led the field in the design and manufacture of high-performance gas and diesel engine. Our continuous development programme allows us to offer one of the most advanced and comprehensive ranges of purpose-built diesel and gas engines available today.

More than 5,000 different applications are powered by Perkins engines. We help customers build roads and homes and we provide engines for both standby and prime electricity generation. Our industrial engines are powering the most complex of applications.

Emissions and Technology

Globally, there are increasingly stringent standards on emissions – and the technology we use ensures our products meet the standards wherever the engines are being used in the world.

Our Brands

The business comprise of several other brands that include Valtra, GSI, FENDT and Massey Ferguson.

  • Massey Ferguson
  • Falcon
  • Mealie Brand
  • CAT
  • Perkins
  • Challenger
  • Vicom
  • Monsem
  • Valtra
  • GSI
  • Fendt

Investor Relations

Strategic
Acquisitions

Over the last 3 years the Group has undertaken some strategic acquisitions. These included the acquisition of the minority interest in Tractive Power Holdings (TPH) and the subsequent delisting of TPH from the Zimbabwe Stock Exchange.

CSR
Activities

Through the Mealie brand division, the Group refurbished the Mpilo Hospital Casualty Ward to boost the health services of the nation. After completion, the Ward was handed over on the 28th of October 2014 in an eventful ceremony.

Human Capital Management

The Group values the importance of the health and wellness of its employees and invests in various programmes to achieve the objective of providing adequate health facilities and continuous education on health matters.

Why Zimplow?

Zimplow remains committed to its core values and beliefs. As a company, we believe in integrity: acting honestly, responsibly and respectfully at all times. We value all members of our team, and working in harmony for mutual benefit. We also believe that our history has nurtured the wisdom in us to discern what is true, right and lasting. We value leadership and the ability to envision the future and stay positive no matter the situation that confronts us.

Downloads

View or download our wide range of documents and financial reports.

Reports & Publications

Share quote

Detailed quote for Zimplow Holdings Limited

Frequently asked questions

Have a question? There’s a good chance the answer is right here.

What is a dividend?

A dividend is a taxable sum of money declared by a company’s board of directors and given to its shareholders out of the company’s current or retained earnings. Dividends are usually given as cash (cash dividend), but they can also take the form of stock (scrip dividend) or other property. There is no guarantee that a company will make dividend payments in any given year or years.

Can I take my dividends in shares?

Yes, this is possible. You need to contact us and we’ll assist you.

Can I have my dividends paid directly into my bank account?

It depends on the type of the dividend declared. If it’s a purely cash dividend, you do not have an option to take up shares instead. However, if a cash dividend with a scrip option is declared, you can opt to receive more shares in the company. If you are paid your dividend in cash, you can ask your broker to reinvest the proceeds into Zimplow shares on your behalf.

I have not received my last dividend cheque, what should I do?

You should contact our Registrar, who will check the payment details and, if appropriate, issue a replacement cheque. To avoid this problem in future you may wish to consider having your dividends paid electronically into your bank or building society account. To do so, you need to provide our registrar with your banking details and instruct them to this effect.

How can I obtain a copy of the annual report and accounts?

Our annual reports are available for download in PDF from the ‘Downloads’ section of this website. If you subscribe to receive financial reports from us, we will send you the links to the reports upon release. Hardcopies may be requested from the Company Secretary as well.

When do you report your financial results?

Our financial year end is 31 December and our audited results are released on the 31st of March each year. Our half year end is 30 June and the interim results are released in or before 30 September same year. We recommend that you subscribe for free email alerts to be notified of the release of our results.

What is a share?

The ownership of a company can be shared by many people and organisations. A share is a unit of ownership. When you own a share you become a part-owner (shareholder) of a company and you will have the right to receive any dividends paid on each share that you own, receive an electronic or paper copy or summary of the company’s annual report and financial statements as well as any other shareholder communications. You will also have the right to attend, ask questions and vote at general meetings of the company.

What factors affect the share price of a company?

The share price will be influenced by a number of factors, some of which are outside the company’s control. The factors may include:

  • the performance and prospects of the company or the industry in which the company operates;
  • political, general economic, financial and stock market conditions;
  • perceptions of investors about the above factors.

As with all listed shares, the share price of Zimplow Holdings Limited on the Zimbabwe Stock Exchange can go up or down. If you sell your shares, you may receive more or less than you originally paid for them.

What are the tax implications of keeping, selling or buying Zimplow Holdings Limited shares?

The tax consequences of keeping or selling your shares, or buying more shares, depend on your own circumstances and the country in which you are resident. If you are in any doubt about your tax position, you should seek independent professional advice.

How can I work out the value of my Zimplow shareholding?

Share prices generally change on a daily basis. To value your portfolio, simply multiply the number of shares you own in Zimplow Holdings Limited by the current share price as available in the Share Chart . Note that this value excludes transaction costs, which vary by country of jurisdiction.

What should I have to confirm my shareholding in Zimplow Holdings Limited?

When you buy shares in Zimplow, or any listed company for that matter, you should get a contract note and then a share certificate from the broker through which you bought your shares. If you don’t have either of these, we recommend that you contact the broker through which you bought your Zimplow shares.

Where can I find information about the Zimplow share price?

Soon after the trading session on a daily basis, the Share Chart on this website is updated with results of trading in Zimplow shares. You may also want to view the share price performance over a range of periods on our interactive share trading graph which is also available on this website. You are also encouraged to subscribe for weekly share trading alerts from us.

Zimplow contacts & address

Registered office

39 Steelworks Road
Heavy Industrial Sites
P.O. Box 1059, Bulawayo

Head office

36 Birmingham Road
Southerton, Harare
P. O. Box HG 298, Highlands
Tel. : +263 (0242) 754 613/6/7/8/9
Tel: 08677007182

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