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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
Tanganda drops Ernst & Young as auditors
Shareholders were then asked to appoint Ernst & Young as the auditors of the company for the ensuing financial year.
By Tatira Zwinoira
Aug. 16, 2024
OK Zim defies odds, posts impressive results
In its half year financial results for the period ended September 30, 2023 OK Zimbabwe said the group was awaiting the regulatory approval to remove the 10% cap.
By Belinda Chiroodza
Dec. 17, 2023
FBC hedges against Zimdollar loss
FHL group chairperson Herbert Nkala said adopting a hedging strategy mitigated the impact of the exchange rate fluctuation and sustained the group’s balance sheet.
By Blessed Ndlovu and Belinda Chiroodza
Sep. 4, 2023
Tanganda remains optimistic in ‘difficult’ terrain
Profit after tax for the period rose by 24% to $1,47 billion from a 2022 comparative of $1,18 billion.
By Melody Chikono
Jul. 4, 2023
Don’t take shortcuts in business
Herbert Nkala, Roy Meiring and Sean Gent were all visionaries and ahead of their teams and so we learnt how to implement and follow through on strategy. Solid leaders they were.
By Carol White
Apr. 28, 2023
Currency woes: Suppliers demand cash upfront
OK Zimbabwe made the observation in interim financial results that showed its pre-tax profits rose 150% in the six months ending September.
By Rugare Mubika
Dec. 25, 2022
Tanganda defends turf, as Peru swamps markets
Tanganda’s profit after tax improved to $583 million during the review period, from a loss of $318 million in the previous year.
By Freeman Makopa
Dec. 13, 2022
OK ramps up expansion drive
But OK chairman, Herbert Nkala, a veteran of navigating through Zimbabwe’s never ending crises, struck a defiant tone as he shared the full year financial statements with investors.
By The Southern Eye
Jun. 26, 2022
Bulawayo police crack down on Entumbane drug syndicate
Local
By Bongile Moyo and Peter Dube
Feb. 21, 2025
