Corporate rescue filings surge

OK Zimbabwe Limited, one of the country’s largest retail chains, was recently placed under voluntary corporate rescue

THE rising number of corporate rescue applications point to deep-seated structural challenges facing Zimbabwean companies, financial analysts have said. Corporate rescue proceedings have taken a marked increase during the past two years as under pressure local companies make last-ditch efforts to restructure and avoid liquidation. Reputable companies such as OK Zimbabwe, Truworths, Telecel Zimbabwe, Khaya…

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