Meikles debt to suppliers soars as retail sector struggles
Meikles operates 74 TM Pick n Pay supermarkets in Zimbabwe, holding a 51% stake in partnership with South African retailer, Pick n Pay Group, which owns 49%.
By Tatira Zwinoira
Jul. 21, 2025
Premium
Forex volatility erodes Pick n Pay Zim profits
The equity accounted for the results of TM in accordance with IAS 29.
By Tatira Zwinoira
May. 30, 2025
Premium
SA’s Pick n Pay puts Zim operations in spotlight
These closures are attributed to a combination of factors, including excessive taxation and power outages.
By Tatira Zwinoira
Feb. 21, 2025
Zim’s retail sector: Currency reforms, informal markets and economic mismanagement
Pricing goods in both Zimbabwe Gold (ZiG) currency and the US dollar creates logistical complexities, while fluctuations in exchange rates erode profit margins.
By Brighton Musonza
Jan. 16, 2025
Pick n Pay writes off TM investment
Pick n Pay also operates in Namibia, eSwatini, Botswana, Lesotho and Nigeria.
By Tatira Zwinoira
Nov. 1, 2024
EcoCash, Pick n Pay partner to solve problem of small change
EcoCash, Pick n Pay partner to solve problem of small change
By Admin
Oct. 10, 2024
Cimas donates US$13K to Cancer Association of Zimbabwe
At last year's iGo Half Marathon, Cimas had anticipated having 1 000 athletes for both Harare and Bulawayo, but the event was oversubscribed, and raised US$13 753.
By Gary Gerald Mtombeni
Mar. 13, 2024
Dissecting OK Zim’s business recovery plan, GROWTH strategy
The short-term priorities are anchored on volume recovery, cost rationalisation, and diversifying income streams.
By Rufaro Hozheri
Dec. 21, 2023
CABS partners Pick n Pay in breast cancer fight
CABS has pledged to donate two US cents for every transaction made on CABS Point of Sale (POS) machines at TM Pick n Pay stores throughout the month of October.
By Staff Reporter
Oct. 1, 2023
