Description

Ownership:

Border Timbers Limited has a long history in Manicaland.  The company was incorporated in 1979 through an amalgamation of three companies, Border Eastern Forest Estates, Renfee Timbers (Pvt) Limited and Forestry Management Services. Forestry Management Services had taken over plantations that were first established in the Imbeza area by the British South African Police Company (BSAP Co) in 1924. The BSAP Company increased plantings substantially in 1946 after the Second World War to include the Chimanimani area. Since 1979, Border Timbers Limited has grown the plantation size to the current 47 886  hectares. Border is a subsidiary of the Rift Valley Corporation and is listed on the Zimbabwe Stock Exchange.

Divisions:

The company has undergone significant re-engineering since 2013 and has narrowed its focus to its core strength areas of forestry, sawmilling and treated pole production. The forestry division manages a total of five estates. Three of these, Charter, Tilbury and Sawerombe are in the Chimanimani area to the south of Mutare, while Imbeza and Sheba estates are to the north in the Penhalonga area.   Saw logs are processed at Border’s two sawmills, Charter and Sheba. The first sawmill was established at Charter in 1953 and today it is one of the largest and most modern sawmills in Southern Africa. The sawmilling division can process 300,000 cubic metres of saw logs annually. Border’s sawmills both utilize a kiln drying process which results in a high-quality dimensional lumber product that is resistant to warping. The Nyakamete Pole Treatment plant in Mutare produces a variety of specifications of high-quality treated poles which are sold into both local and export markets

Environmental Management:

In all of its operations, Border Timbers is guided by an Environmental Management Policy to minimize the impact on soil, water and air resources.  The company manages its plantations to the highest forestry standard practices. Border is committed to providing a safe working environment for all its employees. All safety incidents are investigated to determine the root causes, and corrective actions are put in place to reduce or eliminate the likelihood of a similar incident occurring. The Company plans to achieve FSC certification for the plantations as specified below, within the following anticipated target completion

Social Responsibility:

Border Timbers employs more than 1400 workers on a full-time basis. An additional 500 employees work for the company on a seasonal basis, and hundreds of indirect jobs are supported by the operation. Most of the employees are from neighbouring communities. The company takes a keen interest in the health and safety of its workforce and all employees and their families have access to medical clinics that are operated by the company. A working environment where every individual has an opportunity to achieve their potential prevails in all operations. At all rural operations, Border operates schools that provide an education for employees’ children as well as those of neighbouring communities.

 

 

 

 

 

 

Elias Hwenga:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Erhard Kuhn:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Lysius Karimanzira:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Bekezela Ncube:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Simon Hammond:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Carlo Ravizza:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Robert Strong:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Glenn Youngs:
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

 

 

 

Date Delisted: 03/11/2023

 

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Countries Operations/ Offices


 

Company Directors

Name
Nationality
Age
Role
Qualification
Name

Elias

Non Executive
NationalityZimbabwe
0
RoleChairman
QualificationBAcc(Hons), MBA, FCMA
Date Appointed: 26/03/2014
Duration:
11 years and 7 months
Independance: N
Name

Erhard

Executive
NationalityZimbabwe
0
RoleED
QualificationDip(For), B.Com(Acc)
Date Appointed: 01/01/2013
Duration:
12 years and 10 months
Independance: N
Name

Lysius

Executive
NationalityZimbabwe
0
RoleCFO
QualificationBAcc(Hons)
Date Appointed: 01/06/2017
Duration:
8 years and 5 months
Independance: Y
Name

Bekezela

Non Executive
NationalityZimbabwe
0
RoleNED
QualificationB.A.(Econ), MPP, MBA
Date Appointed: 12/01/2022
Duration:
3 years and 9 months
Independance: Y
Name

Simon

Non Executive
NationalitySouth Africa
0
RoleNED
QualificationB.Com(Acc), CTA
Date Appointed: 12/01/2022
Duration:
3 years and 9 months
Independance: Y
Name

Carlo

Non Executive
NationalityUnited Kingdom
0
RoleNED
QualificationBBA, MBA
Date Appointed: 15/11/2018
Duration:
6 years and 11 months
Independance: Y
Name

Robert

Non Executive
NationalityUnited Kingdom
RoleNED
QualificationBAgricAdmin, CA
Date Appointed: 16/03/2014
Duration:
11 years and 7 months
Independance: N
Name

Glenn

Non Executive
NationalityUnited Kingdom
0
RoleNED
QualificationBAgr(Hons)
Date Appointed: 12/01/2022
Duration:
3 years and 9 months
Independance: Y

 

Directors Tenure

Name
Duration
Name

Elias Hwenga

Duration11 years and 7 months
Name

Erhard Kuhn

Duration12 years and 10 months
Name

Lysius Karimanzira

Duration8 years and 5 months
Name

Bekezela Ncube

Duration3 years and 9 months
Name

Simon Hammond

Duration3 years and 9 months
Name

Carlo Ravizza

Duration6 years and 11 months
Name

Robert Strong

Duration11 years and 7 months
Name

Glenn Youngs

Duration3 years and 9 months

 

Director Experience

Name
Experience
Name

Elias

Experience Construction, Agriculture, Other
Name

Erhard

Experience Other
Name

Lysius

Experience Financial Services, Other
Name

Bekezela

Experience Banking, Financial Services, Investment
Name

Simon

Experience Financial Services
Name

Carlo

Experience Financial Services, Investment
Name

Robert

Experience Agriculture, Energy, Tobacco
Name

Glenn

Experience Agriculture, Financial Services, Tobacco

 

Company Auditors

Name
Date Appointed
Years
Name

Deloitte

Date Appointed01/01/2017
Year8 years and 10 months

 

 

Company Committees

Name

Elias Hwenga

Mainboard, Audit, Remuneration BD
Name

Erhard Kuhn

Mainboard, Audit, Remuneration BD
Name

Lysius Karimanzira

Mainboard, Audit, Remuneration BD
Name

Bekezela Ncube

Mainboard, Audit, Remuneration BD, AU, RE
Name

Simon Hammond

Mainboard, Audit, Remuneration BD, AU, RE
Name

Carlo Ravizza

Mainboard, Audit, Remuneration BD
Name

Robert Strong

Mainboard, Audit, Remuneration BD
Name

Glenn Youngs

Mainboard, Audit, Remuneration BD, AU

 

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