The Group released abridged unaudited financial results on 2 July 2014. We now have pleasure in releasing the abridged audited financial results for the year ended 31 March 2014.

Chairman's Statement extract

Finance

Funds on deposit with the Reserve Bank of Zimbabwe have increased to US$90.8 million as a result of interest negotiations. We are in receipt of Treasury Bills of US$49.6 million and have been advised by the relevant authorities that upon completion of their required processes, Treasury Bills of similar terms to those already in our possession will be issued for the balance.

Management

The Group is committed to maintaining the highest standards of Corporate Governance in all of its operations. Consequently the Group has embarked on a comprehensive anti-corruption programme whose implementation has already commenced...

Outlook

There are stresses in the economy, but the Group sees these as challenges that are there to be overcome. Once the matters highlighted in this statement under Finance have been fully achieved, placing the Group in a strong financial position, the Group will accelerate its participation in the economy for the benefit of all Stakeholders. Success achieved very recently in implementing a significant part of our financial objectives provides the Group with resources that will enable it to launch the first phase of planned initiatives, with immediate effect...

Appreciation

I would like to express my appreciation to our customers who continue to support us in this increasingly difficult environment. I would also like to thank my fellow Board members, management and staff for the steadfast commitment and dedication.

JRT Moxon
Chairman
13 August 2014



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