Retail chain OK Zimbabwe has been placed under corporate rescue with effect from 24 February 2026 after suppliers stopped extending credit pushing the company into financial distress.
The company’s board of directors passed a resolution on 23 February to voluntarily commence corporate rescue proceedings under Section 122 of the Insolvency Act [Chapter 6:07].
Bulisa Phillimon Mbano of Grant Thornton Chartered Accountants (Zimbabwe) has been appointed as the corporate rescue practitioner.
Read more on AllAfrica.com
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