Shareholders’ gamble saves OK Zimbabwe
…but survival in brutal retail market remains uncertain
PHILLIMON MHLANGA Cash. Debt. A gamble. A fight for oxygen. That is the rhythm of Zimbabwe’s bruised retail sector. And for OK Zimbabwe Limited, the country’s largest supermarket chain, it has been a fight for oxygen. Shareholders of OK Zimbabwe have put down US$20m to save their company from the brink. They dipped into their pockets,…
