By Takudziridzwa Nyama
OK Zimbabwe Limited has moved in to address speculation surrounding its financial health, assuring stakeholders that its stores remain open for business.
In a statement, Group Company Secretary Mrs Margaret Munyuru assured stakeholders that despite the harsh environment but acknowledged the entity has faced supply challenges which ultimately sparked the speculation.
“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 of Zimbabwe,” said Mrs Munyuru.
Despite facing intermittent product supply challenges during the festive period, OK Zimbabwe Limited emphasized its commitment to serving customers and contributing to Zimbabwe’s economic growth.
The company expressed gratitude to its supplier partners, bankers, and other stakeholders for their support during a challenging operating environment.
“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 affected by a volatile operating environment.”
The retail giant reiterated that it is working to restore supplies to normal levels and stabilize the trading 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,” she added.
Established in 1942, OK Zimbabwe has been a major retail in the country known for diverse products range including groceries, houseware products and textiles.It has become one of the most recognized supermarket brands in Zimbabwe as it operates several stores brands including OK stores, Bon Marché, and OKMart.