Retail giant OK Zimbabwe runs out of money and placed under corporate rescue

HARARE – OK Zimbabwe Limited has entered corporate rescue after its US$30.5 million recapitalisation plan failed to close a critical funding gap, leaving the country’s largest listed supermarket group struggling under mounting supplier debt, declining revenues and worsening liquidity constraints. The move follows stalled property disposals meant to raise US$10.5 million and growing pressure from […] The post Retail giant OK Zimbabwe runs out of money and placed under corporate rescue appeared first on Nehanda Radio.


1 w.
Economics
ID: -6749954883465424163


Similar News expand_more


Crime
Crime
Sport
Crime
Economics
Economics
Economics
Economics
Crime
Economics
Economics
Politics
Politics
Technology
Education
Politics
Technology
Culture
Politics
Economics
Economics
Politics
Politics
Economics
Crime
Travel
Travel
Education
Politics
Politics
Economics
Crime
Culture
Economics
Politics
Politics
Politics
Technology
Crime
Politics
Politics
Politics
Economics
Politics
Military
Politics
Economics
Politics
Politics
Popular countries based on strong economic and political relations

Add Watch Country

arrow_drop_down