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Abathwa Development Association
Hlalonhle Hostels
849 Mawabeni, Zimbabwe · admin@abathwa.com · 0789989619 · www.abathwa.com
Operational, Financial & Equity-in-Waiting Status — Hlalonhle Hostels
Reporting period: 1 January 2026 – 6 September 2026 · Issued 6 September 2026
Hostel accommodation initiative; its pooled capital is invested in the Abathwa Mine Assets Syndicate.
During the period, 2 receipts totalling $245 were recorded against 0 payments totalling $0, leaving a movement of $245. Capital mobilised to date stands at $245.
Equity-in-waiting is a notional, record-keeping measure of each member’s proportional capital contribution — cash and in-kind treated identically. It does not represent vested ownership and converts to formal equity only on the triggers defined in the SAFE agreement.
| # | Member | Cash | In-kind | Total | Equity-in-waiting |
|---|---|---|---|---|---|
| 1 | Thandazani Sibanda | $145 | — | $145 | 59.18% |
| 2 | Sphumzile Nyathi | $100 | — | $100 | 40.82% |
| Totals | $245 | $0 | $245 | 100.00% | |
Receipts
Payments
Nothing recorded in this period.
Income
None recorded.
Expenses
None recorded.
Assets
Liabilities
None recorded.
Equity
| Code | Account | Debit | Credit |
|---|---|---|---|
| 1010 | Bank — pooled capital account | $245 | — |
| 3010 | Member capital — cash | — | $245 |
| Totals | $245 | $245 | |
Prepared under IFRS from 2 posted journal entries in the period. Back to wing dossier