• Axia Corporation Limited
  •  Overview
  • Last Modified:
  • September 4, 2025
  • Company type:
  • Public
  • Industry:
  • Retail
  • Verified:
  • No
  • No of Employees:
  • 1 001 - 10 000
  • Stock Code:
  • AXIA
  • Download
  • Signed Health Status Declaration Form
  • Turnover $50m + ?:
  • No
  • Headquarters:
  • Harare, Zimbabwe
  • Public Interest Score:
  • 750+

 

  • Axia Corporation Limited
  • General Information

Description

Axia Corporation Limited is a retail enterprise that sells specialty homeware furniture and electrical appliances through 38 nationwide retail outlets; and retails automotive spares across multiple channels with a footprint that stretches to Zambia and Malawi. The company’s core expertise lies in providing a reputable service for inbound clearing and bonded warehousing; ambient and chilled/frozen warehousing services; logistics, marketing, sales and merchandising services. Axia has three business units which include TV Sales & Home (TVSH), a leading furniture and electronic appliance retailer; Transerv, retailing automotive spares, and Distribution Group Africa (DGA), an established distribution and logistics company.

Luke Ngwerume:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Ray Rambanapasi:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Thembiwe Mazingi:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Zinona Koudounaris:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Thembinkosi Sibanda:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Simbarashe Mambanda:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No

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5 Benchmark > 4 Excellent > 3  Good > 2 Caution > 1 Risk

 

  • Company Information
  • Company System Number:
  • 81102
  • Founded Year: 
  • 2016
  • Registration Number: 
  • 1344/2016
  • Country: 
  • Zimbabwe
  • Stock Exchanges: 
    • Zimbabwe Stock Exchange
  • Financial year end: 
  • June
  • No. of Countries operations: 
  • 3
  • Company Status: 
  • In Business
  • Industry Sub Category: 
  • Date listed on Stock Exchange: 
  • 17/05/2016

 

  • Contact Information
  • Business operation: 
  • 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.
  • Primary office: 
  • 8 Cambridge Avenue, Newlands, Harare, Zimbabwe

 

  • Additional Information
  • Listed?: 
  • Yes
  • Company secretary: 
  • Prometheus Corporate Services
  • Reporting currency: 
  • USD
  • ISIN number (12 digit): 
ZSE
ZW0009012288
  • Authorised shares:
  • 999 999 000
  • Issued shares:
  • 556 000 308
  • No of shareholders:
  • 1001 and more shareholders
  • No of shareholders holding 20%:
  • 0 shareholders
  • Number of shares traded
  • Per Year:
  • Per Quarter:
  • Per Month:

 

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Shareholders holding 5% +


For a comprehensive list, please contact InsidEntity.

Material Subsidiaries/Associates


For a comprehensive list, please contact InsidEntity.

Credit Rating

NameLogoCountryHeadquartersRating
Fitch RatingsCredit LogoUnited States of AmericaNew YorkAA-

 

Countries Operations/ Offices


 

Company Directors

Name
Nationality
Age
Role
Qualification
Name

Luke Edward Mathew

Executive
NationalitySouth Africa
RoleED
QualificationMBA
Date Appointed: 31/12/2015
Duration:
9 years and 10 months
Independance: Y
Profile
Name

Ray

Executive
NationalityZimbabwe
RoleCEO
QualificationB.Acc(Hons), B.Compt( Hons), MBA
Date Appointed: 01/01/2023
Duration:
2 years and 10 months
Independance: Y
Profile
Name

Thembiwe

Non Executive
NationalityZimbabwe
RoleNED
QualificationLLB, MBA (UZ)
Date Appointed: 31/12/2015
Duration:
9 years and 10 months
Independance: Y
Profile
Name

Zinona

Non Executive
NationalitySouth Africa
RoleNED
QualificationB.Com (Bus & Compt.Sc)
Date Appointed: 01/01/2016
Duration:
9 years and 10 months
Independance: Y
Profile
Name

Thembinkosi

Non Executive
NationalityZimbabwe
RoleNED
QualificationCA
Date Appointed: 31/12/2015
Duration:
9 years and 10 months
Independance: Y
Profile
Name

Simbarashe

Non Executive
NationalityZimbabwe
RoleNED
QualificationCA,MBA
Date Appointed: 01/12/2023
Duration:
1 year and 11 months
Independance: Y
Profile

 

Directors Tenure

Name
Duration
Name

Luke Edward Mathew Ngwerume

Duration9 years and 10 months
Profile
Name

Ray Rambanapasi

Duration2 years and 10 months
Profile
Name

Thembiwe Mazingi

Duration9 years and 10 months
Profile
Name

Zinona Koudounaris

Duration9 years and 10 months
Profile
Name

Thembinkosi Sibanda

Duration9 years and 10 months
Profile
Name

Simbarashe Mambanda

Duration1 year and 11 months
Profile

 

Director Experience

Name
Experience
Name

Luke Edward Mathew

Experience Financial Services, Banking, Investment, Business Services
Profile
Name

Ray

Experience Financial Services, Retail, FMCG, Business Services
Profile
Name

Thembiwe

Experience Legal, Financial Services, Agriculture, Business Services
Profile
Name

Zinona

Experience Business Services, Agriculture, FMCG, Banking, Financial Services
Profile
Name

Thembinkosi

Experience Financial Services, FMCG, Business Services, Retail
Profile
Name

Simbarashe

Experience Financial Services, Other
Profile

 

Company Auditors

Name
Date Appointed
Years
Name

BDO

Date Appointed01/01/2022
Year3 years and 10 months
Profile
Name

Deloitte

Date Appointed01/01/2017
Year8 years and 10 months
Date: Resigned: 31/12/2021
Profile

 

 

Company Committees

Name

Luke Edward Mathew Ngwerume

Mainboard, Audit, Remuneration BD, RE
Profile
Name

Ray Rambanapasi

Mainboard, Audit, Remuneration BD, AU, RE, EX
Profile
Name

Thembiwe Mazingi

Mainboard, Audit, Remuneration BD, AU, RE
Profile
Name

Zinona Koudounaris

Mainboard, Audit, Remuneration BD, RE
Profile
Name

Thembinkosi Sibanda

Mainboard, Audit, Remuneration BD, AU, RE
Profile
Name

Simbarashe Mambanda

Mainboard, Audit, Remuneration BD
Profile

 

Committee
Abbreviation
Supervisory Board
SB
Board
BD
Risk & Compliance
RC
Audit
AU
Remuneration
RE
Capital investment
CI
Industry Specific
IS
Nominations & Governance
NG
Health, Safety & Environment
HS
Social & Ethics
SE
Technology
TE
Executive
EX
Other
OT