Problems at OK are both macro and micro factors argues Sylvester Mupanduki The economic instability and currency regulations make it difficult for retailers to survive. But Sly argues further that OK declared an unnecessary dividend in USD when revenue is 80% ZiG. Your thoughts?

The reason for maintaining the old policy of paying dividends regularly, even when it was no longer necessary in 2022 and 2023, was because major shareholders like NSSA are passive investors. Their primary goal is to receive income from dividends, regardless of the company's performance or the state of the operating environment. Having your company dominated by passive institutional investors poses a significant risk in that sense.

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@SMRI_Institute With all due respect that dividend did not sink OK Zim, even if they had not paid that dividend it’s difficult to argue they wouldn’t be in this position. The macro factors are the reason period which is why we see the exchange rate policy being relaxed

@SMRI_Institute Ok had higher than normal prices in usd it was the only supermarket that priced exclusively in usd nobody bought there anymore pick n pay had slightly lower prices in zig esp there butchery section so u rarely changed currency to buy in the tuckshops

@SMRI_Institute Classic scenario of kufadza mutengi, but at what cost?

@SMRI_Institute @SMRI_Institute is a really smart dude glad he was on the show

@SMRI_Institute OK is expensive because of forward pricing. All this loss of ZIG value is nonsense when it comes to OK ZIM. INNSCOR said they never refused ZIG payment from OK ZIM,the problem is the retailer doesn't even have ZIG to pay suppliers.

@SMRI_Institute 80% Zig revenue ma1

@SMRI_Institute That's an Analyst there & Real CEO, not some funny auditor CA, just clueless on how business is run

@SMRI_Institute Each time l go around and l see the Spars and TM PicknPays soldiering on am persuaded to think the failure is elsewhere The environment is choking YES but how are these other still standing.

@SMRI_Institute It’s not as complicated as all that, you chaps are looking for a sophisticated algorithm to a common sense problem. Why are other shops functioning and OK collapsing?? They stopped applying basic common sense to their daily business practice. Likely over relied on RBZ support!!