Masawara Anti - Modern Slavery Statement

Masawara’s Business

Masawara is an investment holding company with interests in the hospitality, agrochemical manufacturing, insurance, asset management, financial services, and property industries. The Masawara Group has approximately 1200 employees and conducts its operations primarily in Zimbabwe, and the rest of Southern Africa through subsidiary and associate companies. At Masawara, we acknowledge that modern slavery in its various forms is a global issue in direct contravention of international legislation and policies. As a Group with representation across the sub-Saharan region, we are committed to preventing the occurrence of modern slavery by ensuring that we have in place sustainable and transparent policies and codes of conduct. Since its inception, the Masawara Group has undertaken a number of initiatives internally to implement this prevention work across in our supply chain, partners and across our business and has also worked with communities to drive change.

A. Supply Chains

We consider unfair labour practices, environmental health and safety and bribery and corruption to be one of the biggest threats to our sustainability agenda. Therefore, we devote a significant effort int understanding of the specific types of human rights risks associated with different types of products and sources. Our hospitality cluster has complex supply chains that cover the procurement of goods (such as bulk commodities and equipment) and services, operational and technical services and support activities. Our commitment to local procurement means that endeavour to use local suppliers wherever possible for each territory in which we have a presence, Currently, our hotel chains are bound and guided by the Group’s collective principles towards ethical business practices and sustainable and conscionable commercial conduct. Our financial services and asset management units operate under a global threat of not only modern slavery but organised crimes such as human trafficking, corruption and bribery. There is an emphasized requirement to ensure that the sourcing of goods, services and even clientele is meticulously conducted to filter any infiltration of these criminal elements. We thrive to ensure that the most thorough due diligence is undertaken in terms of our partnerships with high risk persons and politically exposed clients. Currently, our main supplying countries for goods and services are Zimbabwe, Botswana, South Africa, Switzerland and the United Kingdom. Our financial units conduct due diligence on prospective and existing suppliers and are guided by a mandatory Group due diligence and “Know your Customer” framework. Masawara’s ICT and Agro-manufacturing units have a supply chain that consists of five components consisting of planning, sourcing, testing, delivery and returns. Each stage is marked with cognisance of the risks of child labour practices and slavery. We source our products from Zimbabwe, South Africa, Israel, Mauritius, United States of America, Canada, the United Kingdom and the United Arab Emirates, to name a few. Given the vast and diversified list of our suppliers, due diligence is undertaken at each stage to ensure that they are aware of our policy against modern slavery.

B. Due Diligence Processes

Our staff complies with mandatory processes when procuring suppliers for goods and services that are designed to safeguard us against entering business relations with individuals, groups and companies whose values are defiant of our stance against modern slavery. Additionally, we ensure that within our recruitment practices we maintain ethical employment and recruitment standards that do not expose any of our staff to exploitation and unfair labour practices.

C. Planned efforts

Masawara is committed to the continuing evaluation of our systems and processes to ensure that we can better raise awareness of, prevent, report and respond to issues of modern slavery across the organisation. Some of the Group’s future endeavours will include strengthening existing processes and tools to ensure that modern slavery aspects are addressed more robustly and considering, designing, and enforcing country-specific policies that are industry and supply chain specific. The uniform incorporation of anti- modern slavery and human trafficking obligations into procurement and subcontracting agreements is an ongoing aim for Masawara, which the Group is constantly seeking to enforce. We are committed to include appropriate measures in our due diligence processes for sourcing employees, suppliers, subcontractors on a risk assessed basis.