OK Zimbabwe Assures Stakeholders of Continued Operations
Harare, Zimbabwe – OK Zimbabwe Limited, a leading retail group in Zimbabwe, has moved to reassure its stakeholders, including customers, shareholders, employees, and partners, that its stores remain open for trading despite recent speculative commentary on social media platforms.
The company has acknowledged that it faced intermittent product supply challenges during the festive period, but has emphasized its commitment to serving its loyal customers and contributing to the economic growth and development of Zimbabwe.
Retailers Limit Essential Goods Sales Amid ZiG Crisis
OK Zimbabwe Limited has expressed its gratitude to its supplier partners, bankers, and other stakeholders for their support during this challenging period.
The company is actively engaged with its suppliers and key stakeholders, including industry associations and regulators, to restore supplies to normal levels and stabilize the trading environment.
In a statement, group company secretary Mrs Munyuri said, “We are committed to transparency and open communication with all stakeholders. We will continue to make happiness tangible by planting smiles on our employees, customers, suppliers, shareholders, and the communities we operate in.”
CZR Urges Government to Rescue Struggling Retail Sector
The company has assured stakeholders that any official updates or announcements regarding its financial status will be communicated through the appropriate channels in a timely and responsible manner.
OK Zimbabwe Assures Stakeholders of Continued Operations
Read full statement below:
“It has come to our attention that there has beena 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 faced intermittent product supply challenges during the festive period, we continue to serve our loyal customers and contribute to the economic growth and development of Zimbabwe.
“We are grateful to our supplier partners, bankers and other stakeholders for their support at a time when the Company, as well as most of the formal retail sector, has been adversely impacted by a volatile operating environment.
“We are actively engaged with our suppliers, and key stakeholders, including industry associations and regulators, to restore supplies to normal levels whilst working on solutions that stabilize the trading environment.
“We are committed to transparency and open communication with all stakeholders. Our corporate pledge is to continue to make happiness tangible by planting smiles on our employees, customers, suppliers, shareholders and the communities we operate in.
“Should there be any official updates or announcements regarding the Company's financial status, they will be communicated through the appropriate channels in a timely and responsible manner.
“We appreciate the continued support and trust of our stakeholders and look forward to serving you with excellence as always.”
