Masimong is a deep-level mine in the Free State, near Welkom, around 260km from Johannesburg. The operation is close to the end of its mine life, with some 18 months of mining remaining. Masimong is an example of the effectiveness of Harmony’s business model.
The Masimong complex comprises two shafts – one for operational use and the other for services such as ventilation, pumping and an escape route. Masimong exploits the Basal and B Reefs, using a conventional tabular narrow-reef stoping method. Mining depths are between of 1 650m to 2 010m. Ore mined is processed at the nearby Harmony One plant.
OPERATING PERFORMANCE FY21
A good safety performance was achieved, with 2 million fatality free shifts recorded and no loss of life. Gold production was marginally higher at 2 012kg with milled tonnes up 4% at 510 000 tonnes. The underground grade was lower at 3.95g/t (FY20: 4.09g/t). The higher gold price helped to boost revenues, by 17%, to R1 636 million.
Wage increases and higher electricity tariffs drove cash operating costs up by 16% to R1 440 million. Capital expenditure increased by 21% to R29 million (FY20: 24 million), allocated mainly to ongoing development work.
Moab Khotsong is a deep-level mine near the towns of Orkney and Klerksdorp, some 180km south-west of Johannesburg. The mine, which began producing in 2003, was acquired from AngloGold Ashanti Limited in March 2018.
Mining is based on a scattered mining method, together with an integrated backfill support system that incorporates bracket pillars. The geology at Moab Khotsong is structurally complex, with large fault-loss areas between the three mining areas (top mine (Great Noligwa), middle mine and lower mine (growth project and Zaaiplaats project in execution phase)). The mine exploits the Vaal Reef as its primary orebody. The economic reef horizons are mined between 1 791m and 3 052m below surface. Ore mined is processed at the Great Noligwa gold plant. The plant uses the reverse gold leach method, with gold and uranium recoveries achieved by gold cyanide and uranium leaching.
OPERATING PERFORMANCE FY21
The mine is the group’s second-largest gold operation. It contributes 15% of total production and is the largest contributor to operating free cash flow. Along with higher revenues and costs in the post-lockdown period capex rose by 27%, associated mainly with ongoing development and infrastructure to extract and mine the pillar in Great Noligwa.
EXPANSION PROJECT
The Great Noligwa pillar extraction feasibility study was completed in FY2021. With implementation the second rock transfer system was completed and commissioned. Harmony’s extensive pillar-mining expertise is being used to develop the infrastructure for extracting and mining the pillar.
Kalgold is a long-life, open-pit gold mine on the Kraaipan Greenstone Belt, 55km southwest of Mahikeng in North West province. Mining takes place from the A-zone pit, where activities are ramping up at the pillar between the pit and the Watertank pit. Mined ore is processed at the carbon-in-leach Kalgold plant.
OPERATING PERFORMANCE FY21
Kalgold maintained its fatality-free record in FY21. Gold production decreased 4% to 1109kg (35 655oz) (FY20: 1 153kg, 37 070oz), due to a 2% drop in ore milled to 1.51 million tonnes (FY20: 1.54 million tonnes) and a 1% decrease in recovered grade to 0.74g/t (FY20: 0.75g/t). Despite lower production, the 16% higher average gold price received in FY21 boosted revenue 12% to R955 million (FY20: R855 million). Cash operating costs increased 15% to R776 million (FY20: R674 million) due to increased annual wages and electricity tariffs. Capital expenditure rose over 100% to R208 million (FY20: R99 million), mainly for capitalised stripping costs in FY21.
Mponeng is a deep-level gold mine near the town of Carletonville, some 90km south-west of Johannesburg. The mine started producing in 1986. Harmony acquired the mine from AngloGold Ashanti in October 2020.
The primary orebody mined is the VCR, which is mined mostly by breast-mining methods, extracting both reef and waste. The dilution from the waste is captured and incorporated in the tonnage calculation, with historical performance being the benchmark. The economic reef horizons are mined between 3 160m and 3 740m below surface. On surface the ore is processed at the Mponeng gold plant. The plant uses the conventional gold leach method, with gold recovered through carbon-in-pulp technology.
OPERATING PERFORMANCE FY21
Mponeng has already added to the quality of Harmony’s asset portfolio and increased margins. Since its acquisition in October 2020, it has established itself as the third-largest contributor to gold production and the second-largest contributor to operating free cash flows. In FY21, Mponeng processed 683 000 tonnes, producing 5 446kg (175 092oz) of gold at 7.97g/t.
Gold revenues totalled R4 750 million. The operation incurred cash operating costs of R2 902 million and capital expenditure of R493 million, mainly due to integration costs and ongoing development for plant optimisation.
Dairibord Holdings Limited is a manufacturer and marketer of quality food and beverage products. The company is listed on the Zimbabwe Stock Exchange (ZSE). The company also has 100% interest in four (4) property companies namely:Goldblum Investments (Private) Limited, Chatmoss Properties (Private) Limited, Quallinnex Properties (Private) Limited, and Slimline Investments (Private) Limited.
Our Product Range
Our brands command first or second position in the categories they compete in.
Milks: – long and short shelf life liquid milks, another productFoods: – yoghurts, ice creams, condiments and spreadsBeverages: – non–alcoholic and non-carbonated beverages as cordials, ready-to- drink dairy and non-dairy, tea and water
Our Markets
Dairibord Holdings is one of the largest manufacturing and marketing companies in Zimbabwe. The products are distributed through a wide network of channels such as retailers, wholesalers, franchisees, street vendors and company owned sales shops throughout Zimbabwe.
Our export markets include Zambia, Botswana, Mozambique and South Africa.
In Zimbabwe the Group has factories in Harare, Chitungwiza and Chipinge.
We continue to seek opportunities in the milks, foods and beverages space.
OUR VISION
To be the leading foods and beverages company in Africa, commanding a position of sustainable market leadership driven by strong brands and superior human capital.
OUR MISSION
To provide our customers with the best quality foods and beverages for the sustenance of good health.
OUR VALUES
Integrity: Our integrity will be displayed in all our interaction with stakeholders while embracing environmentally friendly practices.
Responsibility: As a corporate citizen, we are committed to discharging our duties responsibly in all our dealings with stakeholders.
Accountability: We take responsibility for our own actions.
Fairness: We will be fair in all our dealings.
Teamwork: We shall nurture a spirit of teamwork to optimise synergies and benefit from mutual co-existence.
company background
Our history starts when we were still the Dairy Marketing Board (DMB) which was state owned parastatal. A brief summary is as given below.
View full history here
2016Dairibord holdings re-organisesMartindale (Private) Limited and NFB Logistics (Private) Limited, which were 100% subsidiaries of Dairibord Holdings Limited until 31 December 2015, were decorporatised and their operations were transferred to Dairibord Zimbabwe (Private) Limited under the reorganisation.2006The birth of Dairibord HoldingsThe company transformed into a holding company with four subsidiaries - Dairibord Zimbabwe (Private) Limited, Lyons, Dairibord Malawi (Private) Limited and NFB Logistics (Private) Limited.. The name of the holding company changed to Dairibord Holdings Limited (DHL) from Dairibord Zimbabwe Limited (DZL).2001DZL acquires LyonsIn June 2001, DZL acquired 100% ownership of Lyons Zimbabwe business and forms a transport and Logistics company - NFB Logistics in 2003.1997Dairibord Listed on ZSEDairibord became the first state- owned company in Zimbabwe to privatize, and listed on the Zimbabwe Stock Exchange the same year.1994DZL is BornThe name of the company changed to Dairibord Zimbabwe Limited (DZL) from Dairy Marketing Board and the company was incorporated.1990Bulawayo Dairy CommissionedBulawayo Dairy Commissioned.1983Chipinge Dairy CommissioningChipinge Dairy Constructed1962New Dairy Commissioned in KadomaNew Dairy Commissioned in Kadoma.1960New Dairy Commissioned in HarareNew Dairy Commissioned in Harare.1952Dairy Marketing Board establishedDairy Marketing Board established under the Agricultural Marketing Act of 1951.
P O BOX 2512, HARARE, ZIMBABWE
OK Zimbabwe Limited is a leading supermarket retailer listed on the Zimbabwe Stock Exchange.
Who Is OK Zimbabwe Limited?
OK Zimbabwe Limited has been in existence since 1942, and has established itself as a customer-oriented retail organization providing comprehensive access to a broad range of retail products and allied services developed in response to its customers' requirements for convenience and value.
We Have A Long History
OK Zimbabwe Limited was first incorporated as Springmaster Corporation in 1953, and in 1984, its name was changed to Deltrade Limited which then subsequently changed to the current name in July 2001.
The inaugural branch was opened at OK First Street Harare (then Salisbury) in 1942 and the second branch in Bulawayo in 1952. A further five outlets had been opened across the country by the end of 1960. In 1977, Delta Corporation acquired the business operations in Springmaster Corporation (now OK Zimbabwe Limited), which they held until the de-merger in October 2001.
Business Operations
The Group is a leading supermarket retailer whose business covers three major categories, comprising groceries, basic clothing and textiles and houseware products. The groceries category includes dry groceries, butchery, delicatessen, takeaway, bakery, provisions and fruit and vegetable sections.
OK Zimbabwe Limited trades under three highly recognised brand names, OK Stores, Bon Marche’ Stores, and OKmart. The diversified distribution channel allows the Group to target all segments of the market. In this regard, the Group has specifically profiled its stores in terms of design, product range, services and other offerings in a way that effectively caters for the specific requirements in the low, middle and high income consumer categories.
OK Zimbabwe Limited has maintained its position as one of the dominant supermarket retailers in the country’s competitive retail sector, despite the effect of liquidity constraints and low disposable incomes. The Group has developed its own brands through the Bon Marche’ Premier Choice and Shopperschoice labels.
What Differentiates Us
OK Zimbabwe Limited has maintained its position as one of the dominant supermarket retailers in the country's competitive retail sector. The Group has developed its own brands through the Bon Marché Premier Choice and Shopperschoice labels.
Main Categories
The Company is a leading supermarket retailer whose business covers three major categories:
Groceries:This includes the following sections:-
Dry groceries
Butchery
Delicatessen
Takeaway
Bakery
Provisions
Fruit and vegetables
Basic clothing and textiles; and
Houseware products.
**Another specialist area is school wear.
Main Brands
OK Zimbabwe Limited trades under three highly recognised brands, namely:
OK Stores
Bon Marché Stores
OKmart Mega Stores
Branch Network
All operations are carried out through a nationwide branch network which currently comprises:
52 OK Stores
8 Bon Marche’ Stores
8 OKmart Mega Stores
In February 2011, OK Zimbabwe Limited acquired the two Makro operations in Zimbabwe comprising of 8,000m2 of retail space in Harare and 5,000m2 in Bulawayo. A new brand store, OKmart, opened following a re-branding campaign. There are now 8 OKmart Mega Stores in Harare, Bulawayo, Gweru, Kwekwe, Masvingo, Mutare, Victoria Falls and Chivhu.
OKmart has at least 20 departments including sport, outdoor and camping, hi-tech, butchery, clothes and textiles, DIY, stationery and general groceries. The rebranded store also has a coffee shop and the Harare outlet boasts of 300 bays of parking space.
OK’s diversified distribution channel allows the Company to target all segments and the Company has specifically profiled its stores in terms of design, product range, services and other offerings in a way that effectively caters for the specific requirements in the low, middle and high income consumer categories. OK Zimbabwe Limited has maintained its position as one of the dominant supermarket retailers in the country’s competitive retail sector, despite the effect of liquidity constraints and low disposable incomes.
The Company has its own high-quality in-house brand label – Shopperschoice which has products that are found in all of OK Zimbabwe’s store brands.
Structure And Ownership
The Group is a leading supermarket retailer whose business covers three major categories, comprising groceries, basic clothing and textiles and houseware products. OK Zimbabwe Limited trades under three highly recognised brand names, OK stores, Bon Marché stores, and OKmart stores.
Main Operating Units
KEY FACTS
52 outlets nationwide
Hosts the largest retail promotion in Southern Africa
KEY FACTS
8 stores in Harare
Hosts health & wellness activities: Walk-A-Robix, Ultimate PowerWalk and Biggest Loser Challenge
KEY FACTS
8 mega stores nationwide
Over 35 000 product lines
OK Stores
The OK Stores brand boasts 52 outlets nationwide in the major towns and cities around the country. The OK Stores cater for the widest range of customers within the OK Zimbabwe stable. The up-market clientele being catered for by branches in the low density suburban areas and some city centre locations in key cities. The Harare city centre stores cater mainly for the middle income band and are planted strategically on route to various public transport locations. The mass market is catered for the large number of stores located in various low density suburban areas.
The OK Stores are undergoing a refurbishment programme, which management believe is essential to improve ambiance, refresh facilities and enhance the equity of the OK store brand.
The OK brand boasts the largest retail promotion in Southern Africa in the OK Grand Challenge Jackpot Promotion, which is run annually between April and June.
The promotion caters for and excites all market segments. The OK Grand Challenge was awarded the Retail Promotion of the Year Award by the Marketing Association of Zimbabwe in 2011, and the Superbrand Exceptional Promotional Campaign for 2014.
OK Stores: Harare: Ardmbare, Avonlea, Budiriro, Chitungwiza, Fife Avenue, First Street, Glen Norah, Glen View, Houghton Park, Julius Nyerere Way, Kuwadzana Main, Kuwadzana Express, Kwame Nkrumah, Mbuya Nehanda, Mabelreign, Mabvuku, Machipisa, Malvern, Marimba, Mbare, Mufakose, Queensdale, R. Manyika, Seke Makoni, St. Mary’s, Third Street, Waterfalls and Sanganayi.
Bulawayo: Entumbane, Jason Moyo and Lobengula.
Other: Bindura, Chegutu, Chinhoyi, Chipinge, Chiredzi, Gwanda, Gweru, Hwange, Kadoma, Karoi, Kwekwe, Marondera, Masvingo, Mutare, Ngezi, Norton, Rusape, Triangle, Victoria Falls, Banket and Zvishavane.
Bon Marché Stores
OKmart Mega Stores
Strategy
Opportunities for growth exist and emanate largely from economic recovery and increased disposable incomes. Following its recapitalization, OKZL is in a position to increase trading capacity and regain its market share.
Store upgrades and expansion continue in order to improve customer convenience and increase brand loyalty. The Company continues to implement strategies to increase market share while containing costs in order to maintain and grow shareholder value.
What We Offer
Through a total of 68 operating stores dotted across the country, OK Zimbabwe offers a wide array of products and services.
Our Key Products And Services
KEY FACTS
Access to cash beyond banking hours
Send money securely
No bank charges and no hidden costs
KEY FACTS
Access to cash beyond banking hours
Send money securely
No bank charges and no hidden costs
KEY FACTS
A 6-week celebration of Bon Marché
Hundreds of lifestyle prizes over the festive periods
OK Shop Easy
The OK Shop Easy facility is a shopping facility that enables the customer to shop without cash. It is a shopping voucher card which works the same way as a debit card. In other words, the customer loads his or her money onto the card and draws down from it as they transact.
The Shop Easy Card ensures that:
you have no change worries when you shop;
you can access cash beyond banking hours through our cashback facility;
you can send money to family securely by crediting their Shop Easy account;
you can send children to boarding school secure in the knowledge that their groceries can be replenished through the Shop Easy facility;
you can access all these at any of our branches nationwide with no bank charges and no hidden costs.
Simply put, OK Shop Easy offers convenience in one little card.
The Bon Marché Card
The Bon Marché Liv' it up Fiesta
Giving Back To The Community
OK Zimbabwe's pledge and commitment is to ensure that the Group continues to invest back into the communities it serves and operates in.
Our Key CSR Initiatives
The Group’s flagship CSR initiative which involves establishing tree nurseries within all the provinces of Zimbabwe – excluding Harare and Bulawayo – saw us setting up four (4) additional nurseries in 2015. OK is involved in the celebration of World Tree Planting Day, held annually on the first Saturday of December each year.
OK Zimbabwe is actively involved in sponsoring or donating to causes in the areas of health, education, students’ employment, charities, sports and the environment. Children’s Homes, Old People’s Homes, Hospice Centres and Disabled People’s Associations are amongst the beneficiaries of OK Zimbabwe’s Social Responsibility efforts.
Through its 68 branches, OK Zimbabwe Limited is involved in various local community activities. The branches are proud to be able to make a positive contribution to the communities in which they operate.
Below are some of our key social investment programmes:
Health And Safety
Education
Training
The Company continues to provide both preventative and curative health delivery services to its employees. Outreach programmes to family members of the sick and bedridden employees revealed a growing need for generic as well as systematic counselling services, which were provided through professionals.
Principles Of Corporate Governance
The Board is committed to the principles of good corporate governance and best practices, which endorse a culture of business ethics, openness, transparency, integrity and accountability in its dealings with all stakeholders.
Key Governance Parameters
The primary objective of any system of good corporate governance is to ensure that Directors, executives and managers, to whom stewardship of companies is entrusted by the shareholders, carry out their responsibilities faithfully, effectively and efficiently.
The Group’s structures, operations, policies and procedures are continuously assessed and updated for compliance with the law and generally accepted standards of good corporate governance.
Ethics
Directors and employees are required to observe the highest ethical standards, ensuring that business practices are conducted in a manner which, in all reasonable circumstances, is beyond reproach. In this regard, the Group has a detailed code of ethics for all levels of employees.
In line with the Zimbabwe Stock Exchange listing requirements, the Group observes a closed period prior to the publication of its interim and year-end financial results, during which period Directors, officers and employees may not deal in the shares of the Group. Where appropriate, this restriction is also extended to include other sensitive periods.
Equal Opportunity
Employee Participation
Safety, Health And Environment
Board Committees
In line with principles of good corporate governance, the Company constituted two permanent Board Committees to assist the Board in the discharge of its responsibilities as described below:-
Audit Committee
Remuneration Committee
The Committee consists of three Non-Executive Directors and the Chief Executive Officer, with the Finance Director attending as ex-oficio. The internal and external auditors attend the meetings and have unrestricted access to the Chairman of the Committee. The Committee meets at least twice a year.
The function of the Audit Committee is to advise the Board on all matters relating to corporate governance and regulatory issues. In particular, it monitors financial controls, accounting policies, accounting systems and assesses the processes of identifying, monitoring and managing business risks. The Audit Committee monitors the Internal Audit Charter, plans, programs, reports and recommends the appointment of external auditors.
View committee membership
P.O. BOX 3081 HARARE, ZIMBABWE
Access Bank Botswana brings you more than banking.
As your partner, we are invested in building a mutually beneficial relationship that gives you access to superior advice, insight, specialist knowledge and experience from decades of banking across the globe. Together with exceptional customised solutions, you get the advantage you need to grow sustainably.
Access Bank is a strong financial institution with A1 and A+ Credit Ratings by Moody’s and Fitch respectively and is part of the World’s 500 most valuable banking brands. Access Bank is present in 3 continents as well as 12 countries in Africa and operates in the UAE and UK, with representative offices in China, India and Lebanon. With over 42 million customers, 2,900 ATMs, 9.8million unique mobile and internet banking users, 50,000 PoS terminals, 58,000 agents, and operations from 675 branches, it is the largest bank in Africa by customer numbers.
Our vision is to be the trusted local bank in Botswana, offering world-class solutions and building profitable, lifelong customer relationships through the provision of a wide range of innovative financial products and services to benefit all stakeholders.
Leadership
Our organisation is serious about effective transformation and representation. This is clearly reflected in our leadership structure, with women comprising 54% of our management team.
AccessBank Botswana's senior leadership team leads with purpose, embracing disruption and change, influencing sector growth, nurturing talent and driving measurable results and impact.
Governance and Ethics
As an organisation, we believe in having strong governance structures with a transparent board that is able to hold the executive accountable for its actions. We also have a code of conduct that all employees are expected to adhere to. Professional and ethical conduct is an integral part of how AccessBank Botswana conducts its business on a daily basis.
AccessBank Botswana is committed to ensuring that the organisation is managed in an efficient, responsible and ethical manner, and in the interests of all its stakeholders.
We are committed to achieving the highest standards of corporate governance and corporate citizenship by adhering to the relevant codes of best practice, principles of fairness, accountability, responsibility, transparency and integrity.
This is the guiding ethos across the organisation.
Our Team
We have a young, agile workforce; 65% of our employees are millenials. Our team is made up of forward-thinking highly skilled individuals who believe in leveraging their extensive knowledge of the African banking sector and collaborating to find the best solutions for our investors and customer base.
Our people are empowered to deliver excellent strategic value and advice with professionalism, impact, relevance and foresight – delivering on our promises, every time.
ABC Holdings Limited is the parent company of a number of sub-Saharan Africa banks operating under the BancABC brand that offer a diverse range of financial services including personal, business and corporate banking as well as asset management, stockbroking and treasury services. Guided by its core values of professionalism, people, innovation, passion and integrity, BancABC is pursuing its vision be the preferred banking partner in Africa by offering world class financial solutions - to the benefit of all its stakeholders. BancABC is realising this vision by building profitable, lifelong customer relationships through the provision of a wide range of innovative financial products and servicesBancABC has a proud heritage dating back to 1956. The Group, which has its head office in Botswana, was formed as a result of a series of mergers and acquisitions of financial institutions operating in Southern Africa. This has given the Group a strong geographical footprint as well as a sound understanding of the diverse financial markets within the region. As a result, BancABC has operations in Botswana, Mozambique, Tanzania, Zambia and Zimbabwe and a group services office in South Africa.BancABC has its primary listing on the Botswana Stock Exchange and a secondary listing on the Zimbabwe Stock Exchange. The Group's shareholders include, Old Mutual, Botswana Insurance Fund and the International Finance Corporation. The Management of BancABC, most of whom have a longstanding history with the bank, also holds significant shareholding within the Group thereby offering much needed stability to all stakeholders.
Group Structure
BREAK DOWN OF ABC HOLDINGS
ABC Holdings Limited is the holding company for a number of operating companies across sub-Saharan Africa each with independent banking licenses. ABC Holdings head office is in Botswana where it is listed on the BSE. A secondary listing on the ZSE in Zimbabwe is also held.
Values, Vision and Mission
BancABC's core values are the result of broad stakeholder consultation and centre on five distinct areas. They remain the guiding principles by which we operate and form the basis of our corporate personality.
Integrity is a key value of the Group which is the ability to be reliable, ethical, credible, and trustworthy with a great sense of heritage. Our cast iron ethics form our unquestionable character and business practice.
Passion describes the people focused, accessible, personal and customised approach, anchored on vital African energy. In short, we are passionate because we believe in and love what we do.
Innovation embodies the key traits of being visionary, dynamic, energetic, challenging and agile. In practical terms, adoption of this core value means devotion to driving change by provoking new ideas and always doing things differently.
Professionalism entails being uncompromising, focused, and confident in offering world-class products and services. We strive for excellence in what we do, and are always seeking to improve on our performance.
People is the essence of our existence. Our world class staff, customers, clients, shareholders and stakeholders define our ambitions, success and passion. Our passion for people makes us customer-centric.
Guided by these core values, BancABC's vision is to be the preferred banking partner in Africa by offering world class financial solutions.
Aligned to this vision BancABC's mission is to build profitable, lifelong customer relationships through the provision of a wide range of innovative financial products and services; to the benefit of all our stakeholders.
Committees
The Board is assisted in discharging its responsibilities by a number of sub-committees. Sub-committees are accountable to the Board, with minutes of sub-committee meetings circulated and reported on at the following Board meeting. Senior executives are invited to attend meetings where appropriate.
Board committees may make use of external professional advisers when necessary to discharge specific tasks.
Sustainability
BancABC recognises that sustainable development is dependent upon a positive interaction between economic growth, environmental protection as well as social upliftment. As a responsible corporate citizen, BancABC has a policy framework that is designed to ensure that all projects supported adhere to environmental and social regulations of the relevant local, national and international laws and standards.
THIS POLICY FRAMEWORK COMMITS BANCABC TO:
Provide in-house environmental education and support;
Recognise the environmental burden caused by consumption of resources and release of waste from our own business activities and aim to protect the environment through resource recycling as well as efficient use of energy and resources;
Support business activities that contribute to the protection and improvement of the environment;
Monitor the effects of our activities on the environment and work towards continuous improvement and pollution prevention;
Comply with all applicable laws and regulations related to environmental protection and other requirements to which BancABC Group companies are subject to and subscribe to; and
Provide financing to projects with minimal adverse impact on the environment while ensuring that those having potentially major adverse environmental and social impact are accompanied by adequate mitigation measures.
In order to ensure compliance with the last of these commitments, BancABC's credit risk assessment ensures that the social and environmental effects of its financial support are assessed and monitored. This Environmental and Social Review Appraisal Procedure (EASP) enables the integration of the environmental safeguards in projects so as to ensure that the potential risks associated with environmental and social issues as earlier mentioned are appropriately identified and mitigated.
KEY COMPONENTS OF THE EASP ARE:
An assessment of potential and current environmental and social risks and impacts arising out of the proposal; and
The commitment and capacity of the borrower to manage these impacts.
Against this background, the procedure ensures that projects financed by BancABC are environmentally and socially sound and sustainable and that any potential environmental and social risks are identified, evaluated and where necessary, mitigated. In line with its policy, BancABC will not finance any business activity that cannot reasonably be expected to meet the required Environmental and Social standards up front.As an African bank, BancABC recognises it has a responsibility to uplift and support social programmes in Africa . That is why, through various programmes and initiatives in Southern Africa, BancABC continues to be involved in the development of the most vulnerable group on our continent - women and children. BancABC believes that only when the women and children of Africa are free to pursue their dreams will the continent unlock its full potential.BancABC is also a patron of the arts. We also believe that a vibrant arts and culture is a vital expression of our continent's identity. Africa boasts a rich artistic and cultural heritage that is as diverse as its people. This heritage is the soul of our continent and in order for it to grow and thrive, needs to be nurtured and celebrated. It is for this reason that BancABC offers unwavering support in helping develop this vital element of the african continent.
Corporate Information
Controlling company - ABC Holdings Limited
Registration number 99/4865
REGISTERED OFFICE
Rhoss (Pty) LimitedUnit G3, Victoria HousePlot 132 Independence Avenue,P. O. Box AD54ACJ RiverwalkGaboroneBotswanaTelephone: +267 395 7524Fax: +267 395 7062e-mail: info@bancabc.com
PLACE OF BUSINESS
ABC HousePlot 62433 Fairgrounds Office ParkGaboroneBotswana
BOARD OF DIRECTORS
Livingstone Takudzwa GwataJacob Jones SikazweMark Martijn SchneidersSanjeev AnandNaran MaharajhTinotenda Gwendoline MuteiwaSharron Laverne McPherson
AUDITORS
KPMG BotswanaPlot 67977, Fairgrounds Office ParkGaboroneBotswanaTel: +267 391 2400Fax: +267 397 5281
SECRETARY TO THE BOARD
Dorothy Tafadzwa MatizaAddress: ABC House , Plot 62433 Fairgrounds Office Park Gaborone, BotswanaTelephone: +267 367 4339Fax: +267 390 5857email: dmatiza@bancabc.com
GROUP COMPANY SECRETARY
Dorothy Tafadzwa MatizaAddress: ABC House , Plot 62433 Fairgrounds Office Park Gaborone, BotswanaTelephone: +267 367 4339Fax: +267 390 5857email: dmatiza@bancabc.com
From inception, the hallmark of Metbank’s existence has been a unique brand proposition that places a premium on the value of our customers. This is why we continue enjoying a steady, organic growth in our services which are in tune with our world-class product offering. Our innovative national branch network has enabled Metbank to transform into the commercial bank of choice for our diverse clientele.
All Consumers, SMEs, Corporates and public-sector enterprises are sure to enjoy the broad range of our financial products and services on offer. From consumer, credit, mortgage, corporate, investment and international banking to trade finance and treasury services, our value added services are the perfect fit for today’s personal and business needs. Clients can access our wide distribution channel of 5 retail branches complimented by a large Agent Base offering banking solutions to current account holders and the unbanked market alike.
Vision
To be the leading financial services provider of choice in the region.
Mission
To consistently exceed the needs and expectations of our clients and other stakeholders through the provision of innovative, high quality and superior financial services.
Values
Team Work
Innovation
Professionalism
Excellence
Ethics & Integrity
Service Quality
Stronger Together
We are stronger together; that is why we offer value added services that enable our clients to prosper. When our clients prosper, their support leads to the growth of the Metbank brand.
Our People
Metbank prides itself in its people - well trained, experienced, eager to learn and driven by the desire to serve. Our Specialists across the bank’s branch network have a deep understanding of the unique needs and aspirations of the communities we serve. As a result, we have been able to consistently deliver excellent service at all times.
Banking the Unbanked
For nearly 20 years, we have emerged as a strategic partner to small and medium sized enterprises (SMEs), in the area of ideas that create value, advisory services and financial support. The Metbank team is motivated and inspired by the progress that the bank continues to make in bringing the unbanked sectors of the economy into the mainstream banking sector, with full access to an array of relevant banking services.
Shareholders
Metbank is a subsidiary of Loita Financial Holdings Limited, an investment banking firm with operations in 8 African countries, including Kenya, Mauritius and South Africa. In July 2007, Loita Financial Holdings Limited acquired a significant shareholding in Metbank; marking the beginning of a relationship that has yielded immense value for the bank and its customers in the areas of offshore credit facilities, letters of credit and structured finance. Other major shareholders in Metbank include local pension funds, corporate and institutional investors.
MAIN BRANCH
3 CENTRAL AVENUE HARARE
TEL: +263-242-700445/701967/ 706128/706091
FAX: +263-242-706265
BULAWAYO BRANCH
BULAWAYO MEIKLES BUILDNG CNR JASON MOYO/LEOPOLD TAKAWIRA BULAWAYO
TEL: +263-292-880697-9/880796/64400
MUTARE BRANCH
97 HERBET CHITEPO STREET, MUTARE
TEL: +263-020-69350/64801-2/69231
GWERU BRANCH
SHOP NO. 1 &2 BAHADAUR CENTRE, MAIN STREET, GWERU
TEL: +263-054-2229975-7
CALL CENTRE
30 ARUNDEL SCHOOL ROAD, MT PLEASANT, HARARE
DIRECT LINE CALL CENTER: +263-242-334625
ECONET TOLL FREE NUMBER: 08080251
TELONE TOLL FREE NUMBER: 08004166
WHATSAPP NUMBER: +263 773491768
el: +263-2021-69350/69231
FNB Namibia Ltd. provides a full range of banking services to individuals, while FNB Business and RMB Namibia offer services and solutions that meet the needs of enterprises - both large and small - throughout the country. Our extensive countrywide branch and automated teller machine (ATM) networks, as well as self-service channels such as FNB Namibia Online Banking, Cellphone Banking & FNB App sites ensure that you have access to your accounts around the clock.
Investing in the community and future of our country is a priority. The FirstRand Namibia Foundation Trust is the vehicle through which we support non-profit organisations and institutions working towards the development and empowerment of the broader community.
History of FNB
Humble beginnings
1907 Founded as Deutsche Afrika Bank (DAB);
1915 National Bank of South Africa took over the assets of DAB;
1926 National Bank was integrated with Barclays Bank;
1971 Barclays Bank changed name of the South African operation to Barclays National Bank Limited;
1987 In December, the name changed to First National Bank of Southern Africa after the shareholding changed;
1988 In February, First National Bank of SWA/Namibia Limited was incorporated;
1997 Listed on the Namibia Stock Exchange.
2003 FNB Namibia merged with Swabou;
2004 Announcement of one of the first and most progressive BEE transaction;
2006 First bank to issue Credit Cards in Namibia;
2007 First bank to reach N$10 bill in assets and celebrate its centenary;
2009+ Most decorated bank in Namibia;
2010 The Banker: Banker of the Year award.
FirstRand Namibia Holdings Limited is home to some of the most successful financial brands in the country.
The FirstRand Namibia Group is home to First National Bank of Namibia Limited, WesBank, RMB Namibia, FNB Insurance Brokers, OUTsurance, FNB Unit Trusts to name a few. First National Bank of Namibia offers banking and investment services to individuals and business across our vast country whilst RMB Namibia offers the corporate and investment banking associated with a growing economy. WesBank is the vehicle and asset financing arm of the Group to individuals and businesses alike. Short term insurance through OUTsurance and FNB Insurance Brokers ensure assets are well covered. FNB Insurance Brokers also offers life cover options.
FirstRand-Namibia is a listed company on the Namibian Stock Exchange (NSX). The Group has shareholding in First National Bank of Namibia Limited, RMB Namibia, FNB Unit Trusts and as such all of these divisions form part of the service offering to our customers and are part of our team.
FirstRand-Namibia Holdings prides itself on its heritage of service excellence through the provision of financial services to every sector of the Namibian economy. With our broad-based Namibian shareholding, our comprehensive range of financial products and services, our deep understanding of the local financial environment and our countrywide network of branches and agencies, we provide a fully integrated package of financial solutions to every Namibian - and to every corner of our beautiful land.
FirstRand-Namibia is a listed company on the Namibian Stock Exchange (NSX). The Group has shareholding in First National Bank of Namibia Limited, RMB Namibia, FNB Unit Trusts and as such all of these divisions form part of the service offering to our customers and are part of our team.
As a large corporate company, FNB Namibia subscribes to strong values and a set vision and mission.
Group Vision
A great Namibian financial services group, creating a better world!
Group Mission
Be the best employer in Namibia to the best people, who are passionate about stakeholder relations and innovative, client-centric value propositions delivered through efficient channels and processes in a sorted out and sustainable manner.
Group Values
I'm Helpful, I'm Effective, I'm Ethical, I'm Innovative, I'm Accountable.
PARKSIDE
First National Bank of Namibia LTD
C/O Fidel Castro & Independence Ave
Box 195, Windhoek
Tel: 061 2992111
infonam@fnbnamibia.co.na
The Parkside branch also services RMB, Homeloans and WesBank clients.
RMB Namibia Tel: 061 2992340
RMB Corporate Banking
Tel: 061 2998446
infonam@fnbnamibia.com.na
WesBank
C/O Fidel Castro & Independence Ave
Box 195, Windhoek
Tel: 061 2992437
wesbank@fnbnamibia.com.na
Homeloans
C/O Fidel Castro & Independence Ave
Box 2150, Windhoek
Tel: 061 2992523 / 061 2992524
bonds@fnbnamibia.com.na
AUSSPANNPLATZ
C/O Tal & Schiniz St, Ausspannplatz
Box 5065, Ausspannplatz
Tel: 061 2992607
PRIVATE CLIENTS
C/O /Fidel Castro & Independence Ave
First Floor
Box 285, Windhoek
Tel: 061 2992838
PRIVATE WEALTH
C/O Fidel Castro & Independence Ave
Ground Floor
Box 285, Windhoek
Tel: 061 2998447
GROVE MALL
C/O Chasie & Frankie Fredericks St, Ground Floor
Shop 44, The Grove Mall shopping centre
Box 35387, Kleine Kuppe, Windhoek
Tel:061 2992222
JOHN MEINERT
C/O Independence Ave & John Meinert St
Box 23043, Windhoek
Tel: 061 2998149
KATUTURA
Pick n Pay Complex, Independence
Katutura
Box 62207, Katutura, Windhoek
Tel: 061 2992222
fnbkatutura@fnbnamibia.com.na
KHOMASDAL
Shop 24, 1st Floor, Khomas Grove
Khomasdal
Box 72037
Tel: 061 2992222
MAERUA MALL
1st Floor, Shop no 37
Maerua Mall Shopping Centre
Tel: 061 2997820
NORTHERN INDUSTRIAL
16 Nguni St, Northern Industrial Area
Box 23043
Tel: 061 269380
BUSINESS BANKING
C/O Noble Armstrong St, Old Power Station
Tel: 061 411200
PROSPERITA
110 Nickel St, Prosperita
Box 285, Windhoek
Tel: 061 2992222
WERNHILL AGENCY
C/O Fidel Castro & Mandume Ndemufayo St
Shop 40, Wernhill Shopping Centre
Box 195, Windhoek
Tel: 061 272959
WINDHOEK
207 Independence Ave, Windhoek
Box 285, Windhoek
Tel: 061 2992111
BUREAU DE CHANGE
207 Independence Ave, Windhoek
Box 285, Windhoek
Tel: 061 2992039
OTHER AREAS:
ARANDIS
ARANOS
AUSSENKEHR
EENHANA
GOBABIS
GROOTFONTEIN
HENTIES BAY
KARIBIB
KATIMA MULILO
KEETMANSHOOP
LUDERITZ
MARIENTAL
OKAHANDJA
OKAHAO
OKAKARARA
OKONGO
OMUTHIYA
ONDANGWA
ONGWEDIVA
OPUWO
ORANJEMUND
OSHAKATI
OSHIKUKU
OTAVI
OTJIWARONGO
OUTAPI
OUTJO
REHOBOTH
ROSH PINAH
RUNDU
SWAKOPMUND
NKURENKURU
TSUMEB
USAKOS
WALVIS BAY
PO BOX 285 WINDHOEK NAMIBIA