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OK Zimbabwe unveils turnaround plan

OK Zimbabwe has launched a sweeping turnaround strategy aimed at rescuing the country's largest supermarket chain from financial distress. Returning chief executive Willard Zireva described the company's recent state as "painful," citing d…

Published: 02 Sep 2025 at 07:07hrs | 1103 | by Staff reporter

OK Zimbabwe earmarks 50% of capital raise to clear debts

Retail giant OK Zimbabwe Limited has announced plans to allocate more than half of the proceeds from its planned US$30.5 million capital raise - through a rights issue and property disposals - toward settling overdue debts and restoring op…

Published: 30 Jun 2025 at 13:12hrs | 178 | by Staff reporter

Herbert Nkala to exit OK Zimbabwe in restructuring move

OK Zimbabwe has announced a major leadership reshuffle and a US$30.5 million capital-raising initiative aimed at stabilising operations and restoring market confidence, as the retail giant battles internal mismanagement and external market…

Published: 29 Jun 2025 at 11:17hrs | 224 | by Staff reporter

OK Zimbabwe shuts down Food Lover's Market outlets

Retail giant OK Zimbabwe has announced the closure of its premium Food Lover's Market outlets in Borrowdale and Avondale, a move that underscores the mounting pressure on Zimbabwe's formal retail sector.In separate announcements shared on …

Published: 04 Jun 2025 at 09:46hrs | 4012 | by Staff reporter

Leadership changes sweep through Zim's corporate landscape

A wave of leadership changes has swept through several listed companies in recent weeks, marking a significant shift in the corporate landscape. Notable companies such as OK Zimbabwe, Econet Wireless, Ecocash, Proplastics Limited and CBZ H…

Published: 11 Mar 2025 at 11:30hrs | 666 | by Tonderai Ndoro

The futility of Zimbabwe's crackdown on the informal sector

The Zimbabwean government has once again embarked on a futile mission to regulate the informal sector, a behemoth that has long outgrown the state's capacity to control it.In a desperate bid to rein in the rapid informalization of the econ…

Published: 01 Feb 2025 at 21:32hrs | 1076 | by Tendai Ruben Mbofana

OK Zimbabwe CEO retires after two years

ZIMBABWE Stock Exchange- listed retail giant OK Zimbabwe says its CEO Alex Siyavora will leave the group at the end of next month, after assuming the role just over two years ago. He will be replaced by (operations and marketing) Maxen Kar…

Published: 14 Feb 2021 at 09:51hrs | 7 | by Staff reporter

Punter sues OK Zimbabwe over groceries

LEADING retail chain, OK Zimbabwe has been taken to court by a local punter, who is seeking an order to compel the supermarket to supply him with groceries valued at US$200 every month for life in terms of a contract entered into between t…

Published: 16 Oct 2020 at 07:07hrs | 5 | by Staff reporter

'OK workers vow to adopt a go slow during the festive season over bonus'

Please note that Bulawayo24 does not edit WhatsApp updates. We publish them as sent by our readers and we do not disclose the sender's telephone Number.2:08am, Nov 25 - â€ª+263 7* *** ****â€¬: OK ZW STORES gives its poor workers 50% pay bo…

Published: 25 Nov 2014 at 08:28hrs | | by Concerned Worker

OK opens a Bon Marche branch in Bulawayo

OK Zimbabwe Limited announces the opening of its Bon Marche branch in Bulawayo's Parklands suburb on 18 December 2013, businessdaily reported. The Bon Marche branch will be operating from Shop 1, Megawatt Shopping Centre, Parklands, Bulawa…

Published: 18 Dec 2013 at 13:00hrs | 1 | by Staff reporter

OK Zimbabwe declares a final dividend

OK Zimbabwe board of directors on 7 June 2013 declared a final dividend of 0,40 cents per share payable out of the profits of the company for the year ended 3 I March 2013.The dividend will be payable in United States Dollars to shareholde…

Published: 13 Jun 2013 at 13:31hrs | 2646 | by Mafu Sithabile

Bon Marche Supermarket's fourth Aerobathon - video

The Bon Marche supermarket chain in Harare, Zimbabwe, held its fourth Aerobathon on Saturday the 23rd of March 2013. The aim was to promote a healthy lifestyle for Bon Marche customers in a fun and friendly way. http://www.youtube.com/watc…

Published: 25 May 2013 at 12:40hrs | 1012 | by OK Zimbabwe

OK Zimbabwe releases outstanding 2011 interim results

OK Zimbabwe's revenue generated for the half year grew by 61% compared to that achieved during the same period in 2010. Total overheads also increased, but by a comparatively lower percentage of 51%. Employee costs increased by 62% in line…

Published: 23 Nov 2011 at 07:15hrs | 1 | by Ndou Paul

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