After starting 2024 on a positive note, the Zimbabwe Stock Exchange (ZSE) extended its losing streak this Monday afternoon to seven consecutive trading sessions as equities reversed gains posted for the greater part of January. Due to the depreciation of the Zimbabwe dollar which has shed
Retail giant, OK Zimbabwe Limited continues to sing the blues after posting significant sales volumes drop yet again in the third quarter (Q3) to December 2023, its latest trading update shows. The group has been struggling to make-do with compliance with regulations governing the local currency
Retail group, OK Zimbabwe Limited sales volumes dropped significantly in third quarter (Q3) to December owing to a notable decline in consumer spending power. Rising inflation as well as tight liquidity on the market at the tail-end of last year weighed heavily on consumer spending habits
Retail giant-OK Zimbabwe Limited is confident of a healthy cashflow in fourth quarter amid the possibility of a lockdown extension to shorten business hours, the Group said in its latest trading update for the nine months to December 2020, released this morning. With the Covid-19 pandemic
Businesses will now be required to display price of goods and services in both local and foreign currencies quoting the official exchange rate of the day as authorities move in to resolve the disparities in quoting currencies in the market. This follows President Emmerson Mnangagwa’s latest
Zimbabwe’s hard pressed companies are finding it difficult to settle April rentals with property owners after spending the whole month under lockdown resulting in loss of business and revenue, 263Chat Business has established. The country went into total lockdown to curb the spread of Covid-19 on
OK Zimbabwe limited said fiscal and monetary developments introduced by the government created uncertainty which caused panic buying which resultantly led to depleted stocks in their stores and warehouses. According to group Chairman Herbert Nkala, the current market dynamics are temporary and the outlook remains positive in the medium
Grain Millers Association of Zimbabwe (GMAZ) has distanced itself from the new bread prices announced by bakeries saying they have not increased flour prices to warranty such a hike. According to a leaked letter from Lobels Bread to OK Zimbabwe last week, the price of a
Harare businessman, Herbert Nkala has taken over chairmanship of the Zimbabwe's retail giant, OK Zimbabwe following the retirement of David Lake, the company has announced. “Following the retirement of David Lake, the board is pleased to announce the election of Mr Herbert Nkala as the new
Leading retail giant, OK Zimbabwe Limited revenue for the year ended March 2018 improved by 23.4% to close the reporting period at $582.9 million from $472.4 million recorded last year. Group chairperson, David Lake said the operating environment was marked by inadequate foreign currency reserves necessary
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