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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 ...Published: 30 Jun 2025 at 13:12hrs | 174 | 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 int...Published: 29 Jun 2025 at 11:17hrs | 215 | by Staff reporter
OK Zimbabwe targets US$30 million capital raise to revive operations
OK Zimbabwe Limited, the country's largest retail chain, says it is in advanced discussions to raise US$30 million in fresh capital as part of a strategic plan to revive its operations, clear debts, a...Published: 07 May 2025 at 09:22hrs | 332 | by Staff reporter
OK Zimbabwe reverses Bulawayo branch closure decision
Retail giant OK Zimbabwe is set to reopen its Entumbane branch, which was closed earlier this year, with a new business model that converts the outlet into a wholesale facility with lower operating co...Published: 21 Mar 2025 at 09:14hrs | 403 | 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,...Published: 11 Mar 2025 at 11:30hrs | 655 | by Tonderai Ndoro
Tagwirei linked wealth managers in OK shares buying spree
Akribos Wealth Managers, a prominent asset management firm with connections to local businessman Kuda Tagwirei, has made a major splash in the Zimbabwean stock market by purchasing a combined 16,338,2...Published: 03 Mar 2025 at 13:03hrs | 12389 | by Staff reporter
OK Zimbabwe's poor performing executives fired on the spot
Veteran business executive Mr. Willard Zireva has returned as the Chief Executive Officer (CEO) of OK Zimbabwe, one of the country's largest retail chains. Zireva, who previously led the company from ...Published: 26 Feb 2025 at 11:58hrs | 806 | by Staff reporter
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 ...Published: 14 Feb 2021 at 09:51hrs | 5 | by Staff reporter
Zireva steps down from OK Zimbabwe
OK Zimbabwe new CE Alex Siyavora will need very big feet to fit into his predecessor, Willard Zireva's shoes.Zireva, a long-time executive and larger-than-life figure at the retail giant, step...Published: 26 May 2017 at 06:55hrs | 20 | by Staff reporter
Willard Zireva set to leave OK Zimbabwe
OK Zimbabwe chief executive Willard Zireva is set to leave the group after a long tenure with the company, the Fingaz reported.Zireva was appointed Managing Director of OK supermarkets and...Published: 31 Jan 2017 at 09:15hrs | 4 | by Staff reporter
SA firms to lose out on Zimbabwe US$ earnings
SOUTH African companies are set to lose out on their US dollar earnings from Zimbabwe after the country's central bank said it will authorise payment of foreign suppliers in their own currencies o...Published: 14 Jun 2016 at 06:44hrs | | by Staff reporter
South African lender Nedbank expands its footprint in Zimbabwe
South African lender Nedbank is expanding its footprint in Zimbabwe, despite the economic turbulence, which the company is sizing up to determine if it can avail more funding facilities for on-lending...Published: 11 Nov 2015 at 21:29hrs | 1 | by Tawanda Karombo
Zimbabwe retail outlets reject rand coins
THE country's monetary authorities - the Reserve Bank of Zimbabwe - last week noted that they currently hold bond coins worth $1 million in their vaults and the money can easily be deployed in the mar...Published: 08 Nov 2015 at 07:58hrs | | by Africa Moyo and Darlington Musarurwa
RBZ engages kombi operators over bond coins
The Reserve Bank of Zimbabwe has engaged retailers and the Urban Commuter Omnibus Operators Association to encourage their members to accept bond coins.Since the inception of the bond coins ne...Published: 11 Jan 2015 at 23:01hrs | | by Staff reporter
Harsh economy hits OK stores, struggles to remain on top
OK Zimbabwe says it does not expect an improvement in the operating environment in the March full year as performance will be affected by the fragile economy.Chief executive Willard Zirev...Published: 17 Nov 2014 at 06:43hrs | | by Business Reporter
OK Zimbabwe predicts doom and gloom
Zimbabwe's largest retailer, OK Zimbabwe does not expect an improvement in the operating environment in the March full year as performance will be affected by the fragile economy. Reflec...Published: 14 Nov 2014 at 14:13hrs | 1 | by Staff reporter
Zimra can't monitor 90% of transit trucks
THE Zimbabwe Revenue Authority (Zimra) is failing to effectively monitor more than 90 percent of cross-border trucks that transit through the country, meaning these can easily be used as conduits to s...Published: 02 Nov 2014 at 12:15hrs | 3 | by Enacy Mapakame
OK Zimbabwe moves R22 million from South Africa
OK Zimbabwe has handled over R22 million through its mobile money transfer service, FNB Zimbabwe Money Transfer, since the launch of its facility targeting Zimbabweans working in South Africa. ...Published: 16 Jun 2014 at 11:00hrs | | by Staff reporter
'Increase in divorce cases is worrisome'
THERE is a sharp increase in divorce cases involving young couples and the trend is worrisome, a traditional leader has said.In an interview on the sidelines of Muzogwi Primary School Tree See...Published: 29 May 2014 at 06:49hrs | | by Walter Mswazie
Zimbabwe economy: Be afraid, be very afraid!
"BE AFRAID. Be very afraid!" is probably an apt warning for ordinary Zimbabweans as the economy continues to falter. All economic indicators are pointing at a troubled situation in months ahead unless...Published: 24 Nov 2013 at 12:42hrs | | by Chris Muronzi
OK Zimbabwe boss threatened with legal action
FORMER workers of Makro Zimbabwe have written to OK Zimbabwe chief executive Mr Willard Zireva threatening legal action over disputed alleged defamatory comments he made about them. The disput...Published: 12 Nov 2013 at 02:12hrs | 2 | by Business Reporter
OK at loggerheads with workers
OK Zimbabwe is embroiled in a potentially bruising wrangle with 51 former workers of Makro Zimbabwe over alleged unfavourable working conditions after its acquisition from Massmart in 2011. Th...Published: 09 Oct 2013 at 03:14hrs | | by Business Reporter
MBCA sees opportunity after Zimbabwe elections
MBCA Bank, a unit of South Africa's Nedbank, has positioned itself to take advantage of opportunities that may be presented by the political and economic environment after the harmonised elections....Published: 18 Aug 2013 at 14:50hrs | | by Business reporter
Board changes loom at Astra Industries
Board changes are looming at Astra Industries Ltd after the company was taken over by a management consortium and a foreign company, Kansai Plascon, businessdigest revealed. Sources close to ...Published: 26 Jul 2013 at 17:30hrs | 1 | by Staff reporter
ZSE shares end week lower on profit taking
ZSE shares ended lower on Friday as investors extended profit taking mostly in Delta to a third straight session.The Industrials Index closed the week in the red after easing 0.08 points or 0....Published: 14 Jun 2013 at 10:52hrs | 1 | by Business 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...Published: 13 Jun 2013 at 13:31hrs | | by Mafu Sithabile
Delta drags Industrials lower as BAT shares hit $9
Delta shares dragged the Industrials lower for the second consecutive session on Thursday largely on profit taking whie BAT shares advanced to another all-time best of $9.The Industrials Index...Published: 13 Jun 2013 at 11:18hrs | | by Business reporter
OK Zimbabwe buoyed by capital injection from Investec
RETAIL giant OK Zimbabwe Limited, buoyed by a fresh capital injection of funds from South Africa's Investec, has posted US$4,3 million in profit for the year ended March 31, 2011.The Zimbabwe...Published: 08 Jun 2011 at 04:50hrs | 13 | by Ndou Paul
OK (stores) acquires former Massmart assets
OK Zimbabwe, said this week that it has concluded a transaction to acquire the two Makro operations in Harare and Bulawayo.OK chief executive Willard Zi...Published: 02 Apr 2011 at 13:26hrs | 1 | by Byo24News
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