Company: Truworths
Country: Zimbabwe
Sector: Apparel/Footwear Retail
CEO: Not publicly listed
Website: https://www.truworths.co.zw
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Harare, Zimbabwe
Founded: 1981 (listed on the Zimbabwe Stock Exchange); operated as a fashion retailer prior to listing
Valuation/Revenue: $2,582.9m market value cited in African Business Top 250 (2025) sourced data — NOTE: this figure is now stale. Truworths Limited (Zimbabwe) was placed under corporate rescue in 2024 and formally delisted from the Zimbabwe Stock Exchange on 22 July 2025, so it no longer carries a public market capitalization as of 2026.
Truworths is a Zimbabwean clothing and footwear retail chain that was listed on the Zimbabwe Stock Exchange (ZSE) for 44 years before entering corporate rescue in 2024 and formally delisting in July 2025 — it is a separately owned Zimbabwean company, historically related to but now fully independent from South Africa’s JSE-listed Truworths International.
Is Truworths (Zimbabwe) Still an Active Company?
This is the single most important thing to know about this entry: Truworths Limited, the Zimbabwean retailer, is no longer a publicly traded company. The ZSE first suspended trading in its shares in March 2024 to allow the company to address “going concern” issues and delayed financial reporting. The company was then placed under formal corporate rescue in August 2024, a Zimbabwean legal process similar to business rescue/administration, and its shares were officially delisted from the ZSE on 22 July 2025 after 44 years of listed trading. Any market-value figure sourced from 2025 rankings (including the one attached to this profile from African Business’s Top 250) should therefore be treated as historical rather than a current, tradeable valuation — it reflects the company’s last-known listed scale, not its status today.
Why Did Truworths Zimbabwe Get Into Trouble?
Public reporting attributes Truworths Zimbabwe’s decline to a combination of structural pressures on Zimbabwe’s formal retail sector: high debt levels built up from carrying excess inventory, an inability to compete on price with informal cross-border traders and vendors who operate with far lower overheads, disadvantages created by Zimbabwe’s overvalued official exchange rate regime, and intensifying competition from cheaper imported clothing. The company also had to stop offering Zimbabwe-dollar credit sales in mid-2022 due to extreme local interest rates, later resuming credit only in US dollars in 2023 — a sign of the broader currency and liquidity distress facing formal Zimbabwean retailers.
Is Truworths (Zimbabwe) the Same Company as Truworths International (South Africa)?
No, and this is a common point of confusion. Truworths International Limited is a separate, much larger fashion retailer headquartered in Cape Town and listed on the Johannesburg Stock Exchange (JSE). Truworths Limited in Zimbabwe operated historically under a related brand and franchise heritage but has functioned as an independently owned and separately listed Zimbabwean entity, meaning its financial distress and 2025 delisting do not reflect the health of the South African Truworths International business.
What Does Truworths (Zimbabwe) Do?
As a retailer, Truworths Zimbabwe sold fashion clothing, footwear and related accessories through a network of stores across Zimbabwe, targeting middle-income consumers, historically supported by an in-house credit/lay-by sales model that became increasingly difficult to sustain amid the country’s currency instability.
Where Was Truworths (Zimbabwe) Headquartered?
The company was headquartered in Harare, Zimbabwe, operating its store network from there prior to and through its corporate rescue process.
How Does Truworths (Zimbabwe) Compare to Its Competitors?
Truworths competed with other formal Zimbabwean apparel retailers such as Edgars Stores, which has faced similar structural pressures from informal-sector competition and currency volatility, as well as with the large informal secondhand-clothing (“mabhero”) trade that has taken significant market share from formal retailers across Zimbabwe in recent years.
What Has Truworths (Zimbabwe) Been in the News For Recently?
The dominant recent news is the corporate rescue and subsequent ZSE delisting: the company entered corporate rescue in August 2024 citing “overwhelming challenges in the retail sector,” published a formal corporate rescue plan in February 2025, and was delisted from the exchange on 22 July 2025, ending 44 years as a public company. Public reporting reviewed for this profile does not confirm what has happened to the company’s stores or operations since the rescue process concluded, which is why this profile is flagged for a data-quality gap rather than presenting outdated “active listed company” figures as current.
Links
Website: https://www.truworths.co.zw
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
Is Truworths Zimbabwe still in business? It went through corporate rescue starting in 2024 and delisted from the ZSE in July 2025; its current day-to-day trading status is not confirmed in public reporting reviewed here.
Is Truworths Zimbabwe the same as Truworths International? No, they are separately owned companies — Truworths International is South African and JSE-listed; Truworths Limited was Zimbabwean and ZSE-listed.
Why did Truworths Zimbabwe delist? It was placed under corporate rescue in 2024 due to going-concern issues, debt, and retail sector pressures, and formally delisted from the ZSE in July 2025.
Where was Truworths Zimbabwe based? Harare, Zimbabwe.
How long was Truworths listed on the ZSE? 44 years, from 1981 until its July 2025 delisting.
Who is the CEO of Truworths Zimbabwe? Not confirmed in public sources reviewed for this profile as of 2026.
How Do I Apply for a Job at Truworths (Zimbabwe)?
Given the company’s 2024-2025 corporate rescue process and subsequent ZSE delisting, this profile could not confirm whether Truworths Zimbabwe is currently conducting normal hiring activity, and readers seeking current employment information should treat any older job postings or careers-page references with caution given the company’s confirmed change in operating and listed status.