October 2016

Pick n Pay charms its way into the hearts of Zimbabweans

2016-12-10T18:13:34+00:00 October 20th, 2016|News|

Harare - Zimbabwe might be facing a myriad of challenges, including declining aggregate demand, but Pick n Pay [JSE:PIK], through its associate TM Supermarkets, has managed to charm its way into the hearts of Zimbabweans. While its biggest opponent OK Zimbabwe is talking of a 4.8% drop in sales in the first quarter to June [...]

October 2014

Meikles courts foreign investors

2016-12-10T18:13:35+00:00 October 10th, 2014|News|

MEIKLES expects to conclude a deal with foreign investors who intend to invest in the group’s mining portfolio, which the company views as an area of substantial growth potential. Sources close to the developments told The Herald Business that the investors, who are expected in the country next week, are eyeing a partnership with the [...]

Pick n Pay invests $14m on expansion

2014-10-10T07:18:54+00:00 October 9th, 2014|News|

South African retail giant Pick n Pay has so far invested about $14 million on expansion and upgrading its operations in Zimbabwe, a company official told The Herald Business yesterday. The retail group through its partnership with TM Supermarkets, a subsidiary of Meikles Limited, secured about $25 million from Standard Chartered Bank to upgrade the [...]

Meikles ventures into hair, beauty industry

2016-12-10T18:13:35+00:00 October 8th, 2014|News|

HARARE - Listed Meikles Limited (Meikles) is venturing into the hair and beauty industry, as the group broadens its revenue streams. Zimbabwe hosts a multi-million dollar hair and cosmetics industry, with locals spending $13 million on products, care and maintenance in the 18 months to July 2014, according to the country’s statistics agency. “We view [...]

Meikles to inject $4m in retail division

2016-12-10T18:13:35+00:00 October 7th, 2014|News|

MEIKLES Limited will inject $4 million into its retail division which it expects to return to profitability during second half of the current financial year, the group has said. Meikles will use part of the funds it is owed by the Reserve Bank to build up inventories at its retail division. The division consists of [...]

June 2013

Tanganda Tea Company Update

2016-12-10T18:13:35+00:00 June 25th, 2013|News|

Tanganda Tea Company is a Zimbabwean owned company producing tea in the eastern highlands where it also has a packing factory in Mutare which provides packed tea for distribution within the country and the region. The bulk teas produced on the estates are exported around the world. Tanganda Tea Company has been operating continuously since [...]

April 2013

More accolades for the Cape Grace Hotel

2014-06-13T13:46:48+00:00 April 15th, 2013|News|

The 5 star Cape Grace Hotel (CGH), an associate of Meikles Limited through its shareholding in Mentor Africa Limited, has yet again won the award for the "best taste" at the recently held "Taste of Cape Town" event which is now in its sixth year. CGH has now won this award for the second year [...]

TM Supermarkets sparkle in $25m revitalisation across Zimbabwe

2016-12-10T18:13:35+00:00 April 5th, 2013|News|

Inspired by a six-fold increase in pre-tax profits TM Supermarkets, a subsidiary of Meikles Limited in partnership with Pick and Pay of South Africa, is investing US$25m in transforming the chain throughout Zimbabwe to international standards. This is revealed by Mr John Moxon, executive chairman of Meikles Limited, who says this will be “wonderful news [...]

TM Supermarkets update

2014-08-06T08:51:56+00:00 April 3rd, 2013|News|

Stakeholders are advised that additional funding to the extent of US$25m is almost finalised for TM Supermarkets. This sum together with a substantial internal generation of cash from increasing earnings will be available for the further renovation of existing supermarkets and the addition of new opportunities. Pre-tax profits of TM Supermarkets for the 11 month [...]