OK Zimbabwe Limited suffered a sales volumes drop again in the third quarter (Q3) to December 2023, its latest trading update shows.
In its Q3 trading update, the group’s volumes declined by 32 percent for the quarter versus prior year and by 28 percent for the 9 months ended 31 December 2023.
“This was attributed to stringent supplier payment terms on Zimbabwean dollar denominated purchases as well as credit limitations on foreign currency denominated purchases which affected stock availability and pricing dynamics during the quarter,” said group company secretary, Margaret Munyuru.