OK Zimbabwe Limited has dismissed rumors circulating on social media suggesting that the retail giant is on the brink of closure. The company assured its stakeholders that despite facing supply challenges over the festive season, its stores remain open and operational.
In a statement issued by Group Company Secretary Margaret Munyuru, the company attributed the challenges to Zimbabwe’s volatile economic environment, which has impacted most of the formal retail sector. OK Zimbabwe emphasized its commitment to resolving these issues, stating that it is actively working with suppliers, industry associations, and regulators to normalize product availability in its stores.
“We assure all stakeholders, including customers, shareholders, employees, and partners, that our stores are open for trading,” the statement read. “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.”
The company also expressed gratitude to its suppliers, bankers, and other stakeholders for their continued support during these challenging times. OK Zimbabwe highlighted its dedication to maintaining transparency and pledged to keep stakeholders informed through official communication channels.
“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,” Munyuru added.
As speculation continues to swirl on social media, the retailer called for calm and reiterated its commitment to delivering excellent service to its customers. Stakeholders are encouraged to rely on official updates from the company for accurate information.
OK Zimbabwe remains one of the country’s leading retail chains, and its resilience amidst economic headwinds underscores its importance to the local economy.
