TA Holdings Ltd

Masawara holds 100% of TA Holdings Limited (“TA”).

TA was established in 1935 as Tobacco Auctions Private Limited. Its founding chairman Mr Fred Cooksey launched the first auction floor in Zimbabwe in 1936. TA is now a diversified investment company listed on the Zimbabwe Stock Exchange. The group holds strategic and portfolio investments in sub-Saharan Africa across the insurance, agro-chemical and hospitality industries.

TA actively seeks profitable long-term equity investments and businesses with strong potential for capital appreciation as well as businesses that generate consistent or growing cash flows and targets privatisation opportunities, equity partnerships in lucrative opportunities, businesses requiring expansion capital and sizeable private equity investments.

Additional information on TA can be found at www.ta-holdings.com.