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Business

OK Zim Profits Take A Massive Hit

Retail giant-OK Zimbabwe profit after tax for the year ended March 2021 dropped by 46 percent to ZWL 1.1 billion from ZWL 2.0 billion in prior year as high operational costs coupled with weaker trading during lockdown weighed heavily on…

Industry Wants S.I 127 Suspended

The latest legal instrument -Statutory Instrument (S.I) 127 of 2021 meant to address exchange rate distortions by penalizing businesses not consistent with the ruling rate on the foreign currency auction market will create American dollar…
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