Vision
Mission
Company Overview
Stock & Finance
Corporate
Management
Our Vision

To create value through the provision of high quality consumer and durable goods in Zimbabwe and the Region.

Our Mission

To sustainably and profitably distribute, market, merchandise and retail leading consumer and durable goods, thereby growing stakeholder value.



To enable easier access to high quality consumer and durable goods at reasonable prices to our customers.


Company Overview

Axia Corporation Limited (Axia) was incorporated on 24 February 2016 and on 1 April 2016 acquired, through a scheme of reconstruction, the net assets of Innscor Africa Limited's Speciality Retail and Distribution business, in exchange for 541 593 440 shares in Axia. A new head office structure for Axia was established with effect from 1 April 2016 to monitor and support the operations of Axia's subsidiary companies. Axia listed on the Zimbabwe Stock Exchange on 17 May 2016. Following it's unbundling from Innscor Africa Limited. Axia adopted 30 June as its financial year end.

 

Axia Corporation Limited operates within the speciality retail and distribution sector. It has three operating business units, namely TV Sales & Home (TVSH), Transerv and Distribution Group Africa (DGA). TVSH is a leading furniture and electronic appliance retailer with sites located countrywide. Transerv retails automotive spares, by utilising multiple channels to service the needs of its customers countrywide. The business operates through a network of its homegrown branded Transerv retail branches, franchised Midas retail branches and numerous fitment centres. DGA is a large and successful distribution and logistics concern, with operations in Zimbabwe, Zambia and Malawi. Its core areas of expertise lie in inbound clearing and bonded warehousing, ambient and chilled/frozen warehousing, logistics, marketing, sales and merchandising services.

 

NAMING AND LOGO OF AXIA

 

Axia is a Greek word meaning "value" or "worth", both of which are fundamental Group aspirations.  Axia's logo is a fresh prismatic amalgamation of the primary colours of its three founding constituent subsidiaries with the Red of TV Sales & Home merging into the Green of Transerv which in turn flows into the Blue of DGA.  Together these colours form a cohesive and distinctive brand identity.

HISTORY OF THE SPECIALITY RETAIL AND DISTRIBUTION BUSINESS

 

Innscor's Speciality Retail and Distribution Business consists of three main operations:

Distribution Group Africa – A business established by Innscor in 1999, in which a 50.01% stake is retained

TV Sales & Home – A company established in 1968, in which a 66.67% stake is retained.

Transerv – Established in 2002, Innscor acquired an effective 26.01% shareholding in the business in July 2015.

 

At a meeting of the Board of Directors of Innscor, held on the 20th of November 2015, a decision was taken approving the Unbundling and Listing of the Speciality Retail and Distribution Business as part of tits continue strategy to focus on core activities and to allow the speciality Retail and Distribution Business to benefit from specific focus.  The proposed Unbundling, which is subject to the approval of the shareholders of Innscor, will be effected through a distribution of the entire issued share capital of Axia to the shareholders of Innscor registered as such at the end of business on the 6th of May 2016 through a Dividend in Specie.  The Dividend in Specie of shares in Axia to Innscor shareholders registered as scuh on the Record Date, shall be on the basis of one (1) ordinary share in Axia for every one (1) existing Innscor ordinary share held.  The Directors also agreed to seek a Listing of the Company on the ZSE by way of introduction.

 

On the 24th of February 2016 Axia was incorporated as a wholly owned subsidiary of Innscor.  Effective on the 1st of April 2016 Axia acquired through a scheme of reconstruction, in accordance with the Agreement, the issued share capital of the companies comprising the Speciality Retail and Distribution Business together with relevant subsidiaries from Innscor in exchange for 541,593,440 shares in the Company.

Downloads

AXIA.zw

0.07

0.0000 / 0.0%

Full name

ISIN

ZW 000 901

Trading status

Active

Index

Industrials

Sector

Transport

Year end

December

Chief Executive

Data up to date as of Monday 20th April 2015 | All prices are in United States cents unless otherwise stated

Performance

Bid

1.50

Ask

3.00

Sales

1.75

YTD

-20.00%

YOY

-73.00%

Market Info

Currency

US (cents)

Founded

1994

Listed

2003

YOY high

7.00

YOY low

1.50

Corporate Information

Domicile

The Company is incorporated and domiciled in Zimbabwe

Core Business

Speciality Retail and Distribution

Registered Office

Axia Corporation Limited, Edward Building
1st Street/Nelson Mandela Avenue, Harare, Zimbabwe

Company Secretary

Prometheus Corporate Services (Private) Limited
12 Cuba Avenue, Mount Pleasant, Harare, Zimbabwe

Physical/Postal Address

8 Cambridge Avenue, Newlands, Harare, Zimbabwe

Auditors

Ernst & Young, Chartered Accountants (Zimbabwe)
Angwa City, Cnr Julius Nyerere Way/Kwame Nkrumah Avenue

Legal Advisors

Gill, Godlinton & Gerrans, Beverly Court
100 Nelson MAndela Avenue, Harare, Zimbabwe

Principal Bankers

Barclays, CABS, Stanbic, Standard Chartered

Board of Directors
  • Luke Ngwerume (Chairman)
  • John Koumides
  • Ray Rambanapasi
  • Zinona (Zed) Koudounaris
  • Thembiwe Mazingi
  • Thembinkosi (Themba) Sibanda
Group Executives
  • John Koumides (Group Chief Executive Officer)
  • Ray Rambanapasi (Group Financial Director)
Divisional Managers

TV SALES & HOME

Sean Gorringe (Chief Executive Officer)

Joseph Kamasho (Financial Director)

TRANSERV

Ilonka Bekker (Managing Director)

Ryan Bekker (Executive Director)

Belinda Muswaka (Head of Finance)

DISTRIBUTION GROUP AFRICA

Craig Hodgson (Chief Executive Officer)

Sevious Mushosho (Financial Director)

 

DISTRIBUTION

Innscor Distribution Zimbabwe

Craig Hodgson (MD)

Alec Gahadzikwa (FD)

Archie Meth (MD) (Comox Trading)

Neil Varrie (MD) (Eagle Agencies)

Albert Oberholzer (MD) (Snacks Sales & Distribution)

Mani Lane (MD) (Freshpro)

Vincent Hogg (MD) (Innscor & Comox Zambia)

Collen Alumando (FD) (Innscor & Comox Zambia)

Kennedy Muchenga (MD) (Innscor & Comox Malawi)

Our Companies

TV Sales & Home Company Overview

Launched in 1968 the company originally became a household name as TV Sales & Hire. In the early days, the business model was to sell electronic appliances on credit via its 'hire to buy' scheme as well as leasing appliances to customers who never intended owning the product.

In the 2000's as the sourcing of product improved, the brand was re-invented and it soon became known as the leader in quality branded electronics in Zimbabwe. After the years of hyperinflation and price controls (2008/9), there was further rebranding to show the market that the company had expanded further into furniture and no longer hired out electronic products and thus the company became known as TV Sales & Home. Today TV Sales & Home is a leading furniture and electronic retailer in Zimbabwe with 38 retail sites totalling 22,780m2 located countrywide and has a staff complement of 270.

The company maintains strong long term partnerships with many key suppliers to ensure quality products. Some of these partnerships include: Alpine Lounge, Calgan Lounge, Flair International, KIC/Whirlpool, Defy, Sony, Samsung, La-z-Boy, and Serta Bedding.

 

Management

Sean Gorringe Chief Executive Officer

Joseph Kamasho Financial Director

Paula Lewis Human Resources Executive

Graham Gaylard Furniture Executive

Jane Witz Marketing Executive

David Lane Warehouse and Logistics Executive

Contact

TV Sales and Home, 1st Floor Edward Building,
Cnr 1st Street and Nelson Mandela, Harare, Zimbabwe

Tel: +263 4 750420 | +263 4 757894 | +623 4 751348

Email: enquiries@tvsales.co.zw   Website: www.tvsales.co.zw

Transerv Company Overview

Transerv was established in 2002 initially as a cross border transport company also importing automotive spares for light vehicle workshops. Transerv capitalised on a niche market opportunity that arose in the spares wholesale market supplying larger operators with fast moving stock. Following Zimbabwe's dollarization in 2009, the wholesale market became more competitive and a decision was taken to expand into the retail space with the first retail branch opened in Graniteside in May 2009.

Today, Transerv employs 339 people and utilises multiple retail channels to service the needs of its customers countrywide, operating through a network of 21 of its homegrown branded Transerv retail branches and 3 franchised Midas retail branches operating a total of 8,290m2 in retail space.

In addition, Transerv Fitment Center was launched as a complementary brand to offer customers a venue to fit their tyres, batteries and suspension, etc bought at Transerv. There are now 15 Transerv fitment centres operating from a total of 5,050m2 spread across the country.

The company continues to service a small portion of the wholesale market through Zimbabwe Spares Wholesalers (ZSW) and also opened the first and only Zimbabwe franchise of Midas' Clutch & Brake Specialists (CBS) as well as ADCO and Transerv Auto Cycle Centre.

 

Management

Ilonka Bekker Managing Director

Ryan Bekker Executive Director

Belinda Muswaka Head of Finance

Calistas Mumbwanda Head of Fitment Centers

Gibson Watikani Retail Manager

Prince Seve Technical Sales Manager

Contact

No.118 Simon Mazorodze Rd, Southerton, Harare, Zimbabwe

Tel: +263 4 669733 | +263 4 669734 | +263 4 660328

Email: bekker@transerv.co.zw   Website: www.transerv.co.zw

DGA Company Overview

DGA was established in 1999 by Innscor and has grown to become one of the largest and most successful distribution businesses in Zimbabwe, Zambia and Malawi. The business has exclusive relationships with many blue chip brands including Colgate Palmolive, Pepsi, Johnson & Johnson, Tiger Brands, Unilever, Eveready, AVI International and Reckitt Benckiser. It also counts amongst its principals Kelloggs, 3M, Rhodes Foods and Philips Electrical, to name a few.

The business boasts world class warehousing capability and vehicle fleets. It is equally proficient in both ambient and chilled/frozen logistics and warehousing. The core areas of expertise lie in inbound clearing and bonded warehousing, ambient and chilled/frozen warehousing, full national logistics in all three countries, and marketing, sales and merchandising services.

DGA owns two warehouses measuring 10,000m2 and leases five warehouses measuring 27,300m2 and has a fleet of 65 vehicles with varying carrying capacities of up to 40 tonnes each. The company employs a total 1,019 staff with 799 in Zimbabwe, 139 in Zambia and 81 in Malawi respectively. Included in these workforces are merchandisers numbering 365 in Zimbabwe, 65 in Zambia and 40 in Malawi.

Having won numerous All Africa Awards for being one of the top distributors in Africa, DGA is well positioned for continued profitable long term growth

 

Management

Craig Hodgson Managing Director

Alec Gahadzikwa Finance Director

Archie Meth MD (Comox Trading)

Neil Varrie MD (Eagle Agencies)

Albert Oberholzer MD (Snacks Sales & Distribution)

Mani Lane MD (FreshPro)

Vincent Hogg MD (Innscor Distribution & Comox Zambia)

Colleen Alumando FD (Innscor Distribution & Comox Zambia)

Kennedy Muchenga MD (Innscor Distribution & Comox Malawi)

Contact

Stand 2449, Arlington Estate, Seke Road, Harare, Zimbabwe

Tel: +263 8611 370 186 | Email: info@dgs.co.zw

Frequently Asked Questions

When is Axia's Financial Year End?

30 June

When is the next set of results being announced?

Interim trading updates are published in March for 6 months to 31 December and in September for 12 months to 30 June.  The Axia Annual Report is published in November and will be available to download from the stock & finance section of this website.

When is the AGM?

The Annual General Meeting will be held in November 2017.

What is a share?

The ownership of a company can be shared by many people and organisations.  A share is a unit of ownership.  When you own a share you bcome a part-owner (shareholder) of a company and you will have the right to receive any dividends paid on each share that you own, receive an electronic or paper copy or summary of the company's annual report and financial statements as well as any other shareholder communications.  You will also have the right to attend, ask questions and vote at general meetings of the company.

What is a dividend?

A dividend is a payment to shareholders paid out of the Company's distributable profits.  It is paid to everyone who is registered as a shareholder at the record date.  There is no guarantee that a company will make dividend payments in any given year or years.

How can I find out more about being a shareholder?

Please contact your stockbroker.  Alternatively, please contact Lynton-Edwards Stockbrokers, Imara Stockbrokers or IH Securities (Private) Limited (Stockbrokers).

How can I check today's share price?

The latest share price is available on the ZSE tab of this website as well as directly through the Zimbabwe Stock Exchange website: - www.zse.co.zw.

Contact Axia
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Registered Office

Axia Corporation Limited, Edward Building
1st Street/Nelson Mandela Avenue, Harare, Zimbabwe
Email: finance@axiaops.com

Physical Address

8 Cambridge Avenue, Newlands, Harare, Zimbabwe

Transfer Secretaries

Corpserve Transfer Secretaries (Private) Limited, 2nd Floor, ZB Centre
1st Street/Kwame Nkrumah Avenue, Harare, Zimbabwe
Email: enquiries@corpserve.co.zw