OK engages buyers for its properties, amid technical insolvency
In August, OK successfully raised US$20 million through a renounceable rights offer, which was fully subscribed following strong shareholder participation and underwriting support.
By Tatira Zwinoira
Oct. 1, 2025
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OK chairman to exit in restructuring move
The Zimbabwe Stock Exchange listed firm has been struggling to settle debts estimated at over US$30 million.
By Tatira Zwinoira
Jun. 29, 2025
Tanganda sees profit drop of 73% in H1
During the period under review, Tanganda recorded a 6% decline in its bulk tea production to 4 736 tonnes from the prior year.
By Tatira Zwinoira
Jun. 6, 2025
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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
