Margolis Holdings was founded by Stephen Margolis in 1981. The Firm has three subsidiaries with different unique functions, namely:
- Stephen Margolis Resort P/L
- Margolis Trading P/L
- Step Investments P/L
The Organisation was registered on the 13th of February 1981 commencing business in that year with imports of tools and spare parts which were sold to retailers and transport operators. Subsequently, they got involved in Government tenders in the same line of business, expanding tremendously.
“We didn’t stop there, but furthered our business into general trading, attracting supplies to Government departments at a bigger scale….” said Mr Margolis
In 1985, they ventured into their first Real Estate ownership and development with blocks of flats which they subdivided into sectional titles and sold and in the 90s they ventured into medical supplies resulting in the formation of Margolis Medicals.
Margolis Medicals was involved in the Manufacturing of maternity sanitary towels for new mothers across the country supplying almost every Hospital in Zimbabwe. The Company also represented an International supplier from India supplying vaccines nationally.
In 2006, they acquired a piece of land which was developed into an Industrial Park in Aspindale Harare now known as “Margolis Industrial Park”.
In 2009, they bought another piece of land in Waterfalls, Harare which they then subdivided into Industrial stands to sell, most of them have been sold and they still have several hectares of Industrial stands in this development.
In the centre of this land, they carved out 70 acres on both sides of the Nyarongo River which cuts through their land, thus creating the Stephen Margolis Resort with two dams in the middle.
Between then and now, they have acquired several pieces of land within Harare which they are developing into residential stands and gated housing projects