OK closes 11 stores to curb losses
The audited results on the loss-making position for the year ended March 31, 2025 was an improvement of 15,5% from the initial unaudited loss of US$29,61 million first reported by OK.
By Tatira Zwinoira
2h ago
Zimra slaps OK with US$2m penalty amid financial woes
The FDMS is a tax compliance mechanism that requires retailers to link their point-of-sale systems directly to Zimra’s servers, enabling real-time monitoring of transactions.
By Tatira Zwinoira
Oct. 3, 2025
OK engages buyers for its properties, amid technical insolvency
In August, OK successfully raised US$20 million through a renounceable rights offer, which was fully subscribed following strong shareholder participation and underwriting support.
By Tatira Zwinoira
Oct. 1, 2025
Lifeline as OK raises US$20m from shareholders
Underwriters subscribed to the remaining 424 005 893 shares valued at US$4,61 million, fulfilling the terms of the underwriting agreement.
By Tatira Zwinoira
Aug. 11, 2025
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OK chairman to exit in restructuring move
The Zimbabwe Stock Exchange listed firm has been struggling to settle debts estimated at over US$30 million.
By Tatira Zwinoira
Jun. 29, 2025
OK to sell properties in capital raise
The proposal means OK will continue operating in some of the locations, without owning the underlying real estate.
By Tatira Zwinoira
Jun. 27, 2025
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Battered OK battles US$12m blackhole
This gap underscores the strain on the company’s ability to meet short-term obligations while sustaining operations.
By Mthandazo Nyoni
Feb. 28, 2025
Why big retail shops are closing
The informalisation has nothing to do with it. The measures to stop the smuggling of goods have affected the formal retail shops, who were used to the illicit trade in commodities.
By Tapiwa Mashakada
Feb. 21, 2025
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Banks race to save teetering OK Zim...massive deal twinned with bold restructuring plan
BANKS have stepped in to rescue OK Zimbabwe Limited, one of the country’s largest retail chains, from the brink of bankruptcy.
By Shame Makoshori and Freeman Makopa
Feb. 7, 2025
