Financially distressed OK Zimbabwe suspends employee salaries
OK Zimbabwe Limited (OK Zim)’s joint works council has approved the immediate, temporary suspension of employees’ salaries and compensation in an attempt to stabilize and return the financially distressed business back to profitability.
Telecel seeks new investors
Grant Thornton, the business rescue practitioner for Telecel Zimbabwe (Telecel), is seeking new investors for the struggling mobile network operator, once the country’s second largest.