OK Zimbabwe Limited is a leading retail group in Zimbabwe with a product range that extends from groceries and houseware products to clothing and textiles. The inaugural branch was opened in Harare (then Salisbury) in 1942 and today, is one of the most recognised supermarket brands in Zimbabwe. The company trades under various branded store names, including OK stores, Bon Marché and OKMart. OK Zimbabwe sells products in its grocery range under its own home brand; OK Pot ‘O Gold, OK Value, Shoppers’ Choice and Bon Marché Premier Choice labels. OK Zimbabwe Limited operates approximately 61 retail outlets throughout Zimbabwe and owns subsidiaries that complement its diverse product offering; Eriswell (Private) Limited, Swan Technologies (Private) Limited and Winterwest (Private) Limited.
OK Zimbabwe Limited is listed on the Zimbabwe Stock Exchange
Herbert holds a Bachelor of Science (Honours) degree from the University of Wales, United Kingdom, as well as a Masters Degree in Business Administration from the University of Zimbabwe. He is the former Group Chief Executive Officer of the Rainbow Tourism Group and former Chairman of Zimbabwe Newspapers (1980) Limited. His previous positions include Marketing Director for the then National Breweries and Assistant General Manager of Dairibord Zimbabwe Limited. Herbert also holds directorships in many other companies.
Alex joined OK Zimbabwe in 2001 as Finance Director. He worked for Price Waterhouse Chartered Accountants (Zimbabwe) before joining Coca-Cola Swaziland as Finance Manager and subsequently Merlin Limited as Group Finance Director. He qualified as a Chartered Accountant in 1989 and holds a Bachelor of Accounting Science (Honours) and a Masters in Business Leadership degrees from the University of South Africa.
TRADING ENVIRONMENT The business conditions have remained unstable and challenging characterized by a depreciating local currency, severe power shortages, product supply challenges and significant increases in operating costs. Erratic supply …
CHAIRMAN’S STATEMENT OVERVIEW The trading environment became progressively more unstable towards the end of the six months to 30 September 2019. The country reintroduced the Zimbabwe Dollar (ZWL $) as …