Retail

HARARE - Zimbabwe Stock Exchange listed retail giant OK Zimbabwe has approached the City of Harare seeking support as the company battles mounting operational and financial pressures that have severely affected its performance, including…
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HARARE - OK Zimbabwe Limited, the country’s largest listed retail supermarket group, is facing mounting pressure to dispose of several key properties in order to service loans amounting to US$24 million, but progress has been slower than…
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HARARE - OK Zimbabwe's audited results for the year ended 31 March 2025 show a deepening loss and a sharp fall in revenue, amid a qualified audit opinion arising from currency translation issues and unresolved inventory verification…
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HARARE - OK Zimbabwe Limited, a leading retail supermarket group, is navigating a massive financial crisis, with the market value of its properties pledged as collateral, totaling US$19.58 million, failing to cover the very loans they are…
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HARARE - Choppies Enterprises Limited, the Botswana-based retail giant, has experienced mixed financial outcomes since exiting Zimbabwe in December 2024, reflecting both challenges and ongoing focus on core markets.
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HARARE - Zimbabwe Stock Exchange listed retail giant OK Zimbabwe Limited has successfully raised US$20 million from its renounceable rights offer, achieving a 100% subscription rate.
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HARARE - OK Zimbabwe Limited, one of the country's leading retail chains, has secured crucial shareholder approvals for a significant capital raise and strategic asset disposal, signaling aggressive measures to navigate ongoing financial…
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OK Zimbabwe Limited, one of the country's prominent retail groups listed on the Zimbabwe Stock Exchange, is embarking on a significant asset disposal plan, including the sale of four of its supermarket properties, as it grapples with severe…
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HARARE - Independent auditors Axcentium have issued an adverse opinion on Edgars Stores Limited's latest financial statements, citing significant non-compliance with International Financial Reporting Standards (IFRS) related to foreign…
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HARARE - OK Zimbabwe Limited, one of the country's prominent retailers, is in advanced discussions to raise up to US$30 million, a move that reflects the significant financial distress gripping the company and also highlights the broader…
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