Max Karombo News Today

HARARE,- Zimbabwean informal traders are refusing to accept the local dollar for fear it will be worthless in a few weeks, when the government's new gold-backed currency enters circulation at the end of April. The Southern African country is replacing its collapsing Zimbabwean dollar with the new currency - called Zimbabwe Gold (ZiG) - in…

Zimbabwean informal traders are refusing to accept the local dollar for fear it will be worthless in a few weeks, when the governments new gold-backed currency enters circulation at the end of... -April 10, 2024 at 10:22 am EDT - MarketScreener

The Reserve Bank of Zimbabwe on Wednesday said the Zimbabwe dollar remains legal tender until April 30 following reports that informal traders are refusing to a...

The Reserve Bank of Zimbabwe on Wednesday said the Zimbabwe dollar remains legal tender until April 30 following reports that informal traders are refusing to a...

While Shoprite and Pick n Pay in South Africa can leverage their sales on products like furniture and hardware, Zimbabwean supermarkets rely on agricultural products.

CALLS for formalisation of businesses continue to grow louder as the formal sector feels the pinch from the emergent informal economy in the country. Major retail players from diverse sections of the economy like food, clothing, textile, and footwear, have fallen victim to the sprawling informal sector and have since exhorted the Government to bring…

Last Wednesday, OK Zimbabwe, the country’s biggest retailer by store count, had a briefing on its annual results. CEO Max Karombo went into some detail on the state of formal retail. Here, we give excerpts of what he said on key issues of the business and the environment. On the impact of exchange rate on…

OK Zimbabwe, the countrys biggest supermarket chain, says local goods still dominate its shelves despite the government opening up the borders to grocery impor...

The retail chain is one of the largest in the country with over 60 outlets, so its experiences reflect the dilemma facing retailers and many formal businesses.

OK Zimbabwe, the country’s biggest supermarket chain, says local goods still dominate its shelves despite the government opening up the borders to grocery imports. CEO Max Karombo says up to 70% of the goods they sell are local. “We still see more local products than imported products. Our proportions are anything between 65% to 70%