OK Zim's 'Grand Challenge': US$37,4m debt spiral as more stores close
This breakdown in trust created a “vicious cycle” where empty shelves further eroded sales, leaving the group unable to generate the liquidity needed to clear remaining balances.
By Tatira Zwinoira
17h ago
Premium
Explosive OK Zim revelations, Grand Challenge boob nearly killed haemorrhaging giant
In a report presented to creditors owed millions of dollars, Mbano identified the duplication as one of several factors behind the retailer’s near collapse.
By Mthandazo Nyoni
Apr. 2, 2026
Premium
Zim’s retail giants teeter as currency woes tighten grip
TM Pick n Pay’s struggles are compounded by a 50% spike in finance costs and a significant reduction in net monetary adjustments.
By Tatira Zwinoira
Mar. 29, 2026
Global price shocks, local policy failures: Zim can future-proof formal economy
However, it is not enough to diagnose the problem. The real question is what must Zimbabwe do differently when the next global pricing shock hits?
By Eddie Zvinonzwa
Mar. 20, 2026
Nearly half of Zim’s industrial capacity lies idle
Local firms such as Truworths Limited, Beta Holdings and Khayah Cement Limited have also entered corporate rescue, while others have exited the market altogether.
By Ruth Maseko
Mar. 18, 2026
RBZ defends tight policy amid wave of corporate distress, outcry
Instead, he argued that the current policy framework had stabilised the economy following years of monetary instability.
By Concilia Mupezeni
Mar. 6, 2026
ZSE halts OK trade as giant enters receivership
The Zimbabwe Stock Exchange (ZSE) on Thursday suspended trading in OK Zimbabwe Limited shares with “immediate effect”,
By Mthandazo Nyoni
Feb. 27, 2026
ZSE suspends trading in OK shares after corporate rescue deal
OK reportedly filed for corporate rescue at the Master of the High Court’s Office in terms of Section 125(1)(a)(i) of the Insolvency Act on Tuesday.
By Tatira Zwinoira
Feb. 26, 2026
OK Zim on the brink: Time to act is now
The financial picture underscores the urgency. A funding gap remains. Asset disposals have yet to fully materialise.
By The Zimbabwe Independent
Feb. 13, 2026
Premium
Explosive OK Zim revelations, Grand Challenge boob nearly killed haemorrhaging giant
Local News
Apr. 2, 2026
Lithium ore export ban firestorms boomerang, MMCZ says being ‘set back’ US$500 000 monthly
Local News
Apr. 2, 2026
