It has come to our attention that there has been a surge of frenzied and speculative commentary circulating on social media platforms regarding the viability and going concern status of OK Zimbabwe Limited (“the Company”). We assure all stakeholders, including customers, shareholders, employees, and partners, that our stores are open for trading. Although the Company [...]
EFFECTS ON THE BUSINESS The Government of Zimbabwe gazetted the Public Health (Covid-19 Containment and Treatment) (National Lockdown) Order, 2020 through Statutory Instruments 76, 77, 82, 83 and 93 of 2020. The legislations ordered a lockdown for a period from 30 March 2020 to 17 May 2020 during which the movement of people is restricted. [...]
Zimbabwe’s largest supermarket chain, OK Zimbabwe Limited, has become the first major retailer to be connected to EcoCash, Econet Wireless’ mobile money service. OK has assumed an EcoCash “Super-Agent” status, and will be performing agent services for EcoCash throughout its branches across the country. Under this partnership, every OK outlet will now register customers for [...]
The 24th edition of the OK Grand Challenge Jackpot Promotion was successfully launched at all the retailer’s outlets across the country yesterday. Customers will be given seven coupons for every $5 they spend in any OK store. The coupons are for a car draw, residential stand, cash draw, shop easy raffles, lucky dip, horse forecaster [...]
We at OK Zimbabwe were proud, this year, to run the 23rd OK Grand Challenge Horse race, along with the usual promotional activities that have helped change the retail promotional landscape over the past 23 years. The event this year is the second since dollarisation. The excitement about this year's OK Grand Challenge Jackpot promotion [...]
The company achieved revenue of $89.0 million against a budget of $82.5 million in the first quarter of F12, representing growth of 59.8% over prior year. OK Mart contributed 8.3% to this revenue. Like for like growth in sales was 46.5% while overheads are up 51% including OKMart and 40.3% excluding OKMart. Gross profit margin [...]
Join in the excitement as we open a new Bon Marche branch at Westgate. We've planned activities for the children too, so bring them along. See details below.
OK Zimbabwe Limited ,("OK") recently concluded a transaction to acquire the two Makro operations in Zimbabwe comprising of 8000m2 of retail space in Harare and 5000m2 in Bulawayo. Ownership of Makro's operations was assumed at the end of February 2011 and a new brand store opens following a re-branding campaign. Commenting on the transaction, Mr [...]