OK Zimbabwe’s turnaround hit by property sale delays

OK Zimbabwe recently closed 11 stores, which were no longer viable.

OK ZIMBABWE (OK) says its US$30,5 million turnaround effort has been impacted by limited liquidity and prolonged delays in asset disposals. In a market update, the retailer said that from its turnaround plan, the rights offer was successful and raised US$20 million. The group said an additional capital raise plan of US$10,5 million through the…

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