Masimba in solid order book

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The plans to start producing platinum in Zimbabwe within 24 months.

MASIMBA Holdings (Masimba) says it has a firm order book at US$214 million, evenly balanced between private and public sectors and spread over housing, buildings, roads, mining and water infrastructure.

The construction and manufacturing company said the order book has tenures of between six to 18 months.

Masimba recorded a 12 percent revenue decline to $7,355 billion during the year ended December 31, 2021 from $8,391 billion in prior year mainly due to the slow start of some key projects in the fourth quarter of the reporting period.

The group’s financial position strengthened to $11,403 billion during the year on the back of a deliberate effort by the board to preserve value through acquisition of property, plant and equipment, key to Masimba’s growth plans.

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