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NEWS & CURRENT AFFAIRS

Topic : Grant Thornton

OK says US$30m capital raise at advanced stage
Last month, OK’s board resolved to undertake a capital raise of US$30 million to bridge a funding gap, pay creditors and stabilise the company’s financial position.
By Tatira Zwinoira May. 5, 2025
OK says US$30m capital raise at advanced stage

Khayah to delist from ZSE
Khayah’s board voluntarily placed the company under corporate rescue in accordance with the provisions of the Insolvency Act [Chapter 6:07], effective from December 30, 2024.
By Tafadzwa Mhlanga Apr. 29, 2025
Khayah to delist from ZSE

US$7m ZPC debt chokes Makomo
A report issued in January revealed that Makomo supplied ZPC with 40 000 tonnes of coal monthly.
By Freeman Makopa Mar. 28, 2025
US$7m ZPC debt chokes Makomo

Court approves Makomo’s removal from curatorship
Makomo had been under corporate rescue since 2021, after being overwhelmed by creditor demands amounting to millions of United States dollars.
By Staff Writer Mar. 21, 2025
Court approves Makomo’s removal from curatorship
Premium

Makomo set to bounce back from curatorship
Chartered accounting firm Grant Thornton was appointed to steer the company back to financial stability.
By Freeman Makopa Mar. 14, 2025
Makomo set to bounce back from curatorship

Khayah slips into corporate rescue as US sanctions bite
“Creditors and other stakeholders shall be notified of further processes by the corporate rescue practitioner,” Khayah said. 
By Business Reporter Dec. 24, 2024
Khayah slips into corporate rescue as US sanctions bite

Major coal miner rescuer sued over US$14m ‘loss’
The documents claimed Grant Thornton  paid out US$2,8 million to Makomo’s creditors.
By Tinashe Kairiza and Tanyaradzwa Kapuru and Tinofara Chiwanza Sep. 20, 2024
Major coal miner rescuer sued over US$14m ‘loss’
Premium

Audit exposes serious financial mess at Zinwa
Extracts of the Grant Thornton’s audit findings are contained in the Zinwa 2022 integrated annual report.
By Tinashe Kairiza Nov. 24, 2023
Audit exposes serious financial mess at Zinwa

Auditors cast doubt on BNC survival
The mining company incurred an operating loss before tax of US$24,2 million for the year ended March 31 2023.
By Melody Chikono Jul. 7, 2023
Auditors cast doubt on BNC survival

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