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Pick n Pay writes off entire Zimbabwe investment
South African retail giant Pick n Pay Group Limited has reported an unrecognised loss of R51 million from its Zimbabwean associate, TM Supermarkets, for the 53 weeks ending March 2, 2025 - marking a d...Published: 30 May 2025 at 12:13hrs | 72903 | by Staff reporter
There were no Zvigananda under Smith because Rhodesians loved Zimbabwe more than ZANU-PF!
There is something tragically ironic about the state Zimbabwe finds itself in today.A country that was once described by none other than former Tanzanian President Julius Nyerere as the "jewel...Published: 27 May 2025 at 20:45hrs | 1237 | by Tendai Ruben Mbofana
Moxon dynasty takes over at Meikles Limited
Meikles Limited has announced the appointment of former chairman John Moxon's son Matthew John Moxon as its acting Chief Executive Officer, following the resignation of Malcolm Mycroft from the CEO po...Published: 15 Oct 2024 at 10:38hrs | 3094 | by Staff reporter
Woman jailed for trying to bribe Judge
FORMER Chitungwiza Chamber Secretary Priscilla Vengesai was yesterday jailed for an effective 15 months after she was found guilty of attempting to bribe a High Court judge handling a civil case in wh...Published: 19 Nov 2022 at 06:24hrs | 1 | by Staff reporter
Eddie Cross says 'not unhappy' with black market foreign currency exchange
For a year, Eddie Cross sat on the Reserve Bank of Zimbabwe's Monetary Policy Committee, before he was fired for being too outspoken. In a recent interview with TechZim, he reveals why he is "...Published: 07 Oct 2021 at 18:21hrs | 11 | by Staff reporter
Pick n Pay opens Victoria Falls branch
RETAIL giant TM Pick n Pay yesterday officially opened its Victoria Falls branch with hundreds of shoppers jostling to get the first feel of the multi-million-dollar retail outlet.Officials di...Published: 28 Mar 2019 at 07:20hrs | | by Staff reporter
Pricing madness hits Victoria Falls
NZALA Milimo was born in Victoria Falls in 1974 and did her primary and secondary education at public schools in the resort town's ghetto townships.But unlike the thousands of well-heeled fore...Published: 17 Mar 2019 at 18:09hrs | 4 | by Staff reporter
Auctions boom in Zimbabwe as economic woe takes its toll
Auction companies are booming in Zimbabwe as companies and individuals – including Tongaat Hulett CEO Sydney Mutsambiwa and Mzi Khumalo's Metallon Corporation – default on loan payments or other f...Published: 03 Dec 2018 at 08:28hrs | 1 | by Staff repirter
Zimbabwe govt takes Meikles to court
GOVERNMENT has taken John Moxon's Meikles Limited (Meikles) to court demanding a $30 million refund after the latter was allegedly overpaid through Treasury Bills issued by the Reserve Bank of Zimbabw...Published: 08 Oct 2018 at 08:10hrs | 1 | by Staff reporter
Pick n Pay Zimbabwe strikes again, 'fires manager for hiring Ndebeles'
Mthwakazi Republic Party has said it regrets to announce that its efforts of bringing sanity to Pick N Pay have so far yielded no tangible results, as the company's management have since suspended Nhl...Published: 04 Jul 2018 at 09:05hrs | 14 | by Stephen Jakes
Bid to bribe judge backfires
Former Chitungwiza Municipality chamber secretary Ms Priccilar Vengesai allegedly tried to bribe a High Court judge with an undisclosed amount of money.Justice Felistus Chatukuta recorded the ...Published: 08 May 2018 at 07:10hrs | | by Staff reporter
TM to pay fired line managers
The Labour Court has ordered TM Supermarket to pay two line managers, who were fired in 2016 over $1 100 as a pro rata commission for 10 months, which the parties had agreed before the two were dismis...Published: 22 Feb 2018 at 05:42hrs | | by Staff reporter
SA bank send some South African employees home from Zimbabwe
are being vigilant over their operations in Zimbabwe after military vehicles descended on the capital of Harare and the army seized power, threatening President Robert Mugabe's 37-year rule.Ne...Published: 15 Nov 2017 at 12:54hrs | 1 | by Staff reporter
Dr Mangudya, you are to blame for the cash crisis!
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya recently made d three disheartening statements concerning the current liquidity crisis.He said civil servants should not bother commercial...Published: 27 Aug 2017 at 12:58hrs | | by Blessing Machiva
TM Pick N Pay job cuts will not affect Zimbabwe
TM Pick N Pay Zimbabwe says the 3 500 job cuts from South Africa's Pick N Pay retail giant will not affect Zimbabwean operations.Pick N Pay South Africa is cutting jobs after the retailer flag...Published: 02 Aug 2017 at 06:58hrs | 3 | by Staff reporter
Ex-TM managers score court victory against ex-employer
A BULAWAYO labour officer has ordered TM Supermarkets to refund money deducted from two former line managers' pay cheques towards an employee share ownership scheme long after they were suspended for ...Published: 02 Jun 2017 at 06:58hrs | 1 | by Staff reporter
Policy makers: A cost to the economy
The post-independence government of Zimbabwe inherited a fairly well diversified economy with an industrial base stronger than that of most Sub-Saharan African countries north of the Limpopo River. In...Published: 09 May 2017 at 13:30hrs | 1 | by Blessing Machiva
Pick n Pay, OK Zimbabwe reject new bond notes in early trade
Zimbabwean supermarkets rejected the newly-introduced bond notes in early trade on Monday, despite banks offering the local currency to depositors and excitement on the streets of Harare, ...Published: 28 Nov 2016 at 12:52hrs | 4 | by Fin24.com
SA's unrelenting grip on Zimbabqe economy
AS the South African high-level delegation descended on Harare last week for engagements with their Zimbabwean peers, a new set of statistics released by that country's department of trade and ind...Published: 06 Nov 2016 at 07:45hrs | 5 | by Staff reporter
Govt to install electronic devices at businesses
Minister of Finance and Economic Development Patrick Chinamasa has said the government through Zimbabwe Revenue Authority will install electronic devices at businesses of major tax [payers at the poin...Published: 22 Mar 2016 at 05:24hrs | 1 | by Stephen Jakes
Econet takes 'Tap and Pay' to Zimbabwe
Econet has taken Zimbabwe towards being a cashless society by introducing the Ecocash debit card, known as "Tap and Pay".Ecocash is a mobile money transfer service offered by Econet and the ne...Published: 13 Oct 2015 at 20:26hrs | | by ANA Reporter
TM Supermarket in wrangle with line managers
TM SUPERMARKETS is embroiled in another wrangle with the Bulawayo line managers over failure to pay them transport allowances back dated to July 2012.Thembinkosi Nyathi, Itayi Nkomo and ...Published: 20 Jun 2015 at 14:44hrs | | by Steve Jacks
TM line manager clash with branch manager over harassment and victimisation
A TM Supermarket line manager who was one of the line managers who were embroiled in labour dispute with the company over none payment of 2009 bonuses has accused the Bulawayo branch manager of ha...Published: 22 Apr 2015 at 06:18hrs | 1 | by Stephen Jakes
Felix Chidungwe appointed Bosso captain
FELIX Chindungwe has been appointed Highlanders FC captain. He replaces long serving goalkeeper Ariel "Mangoye" Sibanda in a shake up by new coach Bongani Mafu.Dreadlocked Chindungwe, who join...Published: 12 Mar 2015 at 09:08hrs | 3 | by Sikhumbuzo Moyo
Weakening rand a blessing in disguise for Zimbabwe
The falling rand should be taken as a blessing in disguise by both individuals and Zimbabwean companies, said local analysts.The rand fell to a new 13 year-low against the dollar early on Wedn...Published: 11 Mar 2015 at 22:24hrs | | by Sapa
Bosso cancels End of Year Awards, nothing to celebrate
HIGHLANDERS are likely to cancel their End of Year Stars Awards ceremony after a lacklustre performance by the first team with a club official saying they cannot be seen to be celebrating mediocrity. ...Published: 29 Nov 2014 at 15:11hrs | | by Sikhumbuzo Moyo
Bosso look to Gushungo Cup for redemption
HIGHLANDERS will use the Gushungo Celebrations Cup against old foe Dynamos on Sunday to identify players the Bulawayo giants are likely to register for the 2015 season.The match is slated for...Published: 25 Nov 2014 at 09:14hrs | | by Sikhumbuzo Moyo
TM order to pay $2,390 back pay to its underpaid managers
TM Supermarket has lost an appeal at the High Court after it unsuccessfully sought the court to set aside of an arbitration which compelled it to pay three of its managers a total of $2,390 each being...Published: 16 Oct 2014 at 15:39hrs | 1 | by Staff Reporter
Pick n Pay invests $14 million on Zimbabwe expansion
South African retail giant Pick n Pay has so far invested about $14 million on expansion and upgrading its operations in Zimbabwe.The retail group through its partnership with TM Supermark...Published: 09 Oct 2014 at 08:10hrs | | by Staff reporter
RBZ releases Meikles funds
MEIKLES Limited says it will now have access to its funds held on deposit by the Reserve Bank of Zimbabwe and will inject approximately $4million into its retail division which it expects to return t...Published: 07 Oct 2014 at 06:55hrs | 1 | by Business reporter
Technical changes looms at Bosso
TECHNICAL changes are looming at Bulawayo giants Highlanders with legendary Willard Mashinkila Khumalo reportedly set to be assigned other duties within the club set-up. Bosso are badly shaken...Published: 25 Sep 2014 at 11:15hrs | | by Sikhumbuzo Moyo
TM spends $4,5m on shopping complex
TM Supermarkets has spent close to $4,5 million towards refurbishment and stocking of its new state of the art supermarket at the Old Mutual’s Msasa premises. The shopping complex, which...Published: 18 Aug 2014 at 07:45hrs | | by Staff reporter
Bosso, Dembare to clash in Challenge Cup
THE country's traditional giants Highlanders and Dynamos have been handpicked to clash in the inaugural TM Supermarkets Challenge Cup that will run under the promotional drive, "Big Brands Bargain Bon...Published: 23 Jul 2014 at 09:12hrs | 1 | by Sikhumbuzo Moyo
TM & Pick Pay launch million dollar promotion
Meikles Limited retail arm, TM Supermarkets has launched a promotion worth over $1 million as the supermarket chain seeks to grow revenues and position in the retail sector. The promotion dub...Published: 19 Jul 2014 at 07:28hrs | 9 | by Staff reporter
More insurance companies sign on with telecash
Three more insurance companies - Old Mutual, Zimnat and Nyaradzo - have signed agreements with Telecel Zimbabwe for the payment of insurance premiums using telecash, Telecel's mobile e...Published: 18 Jun 2014 at 11:36hrs | | by Business Reporter
Bulawayo residents can now use telecash to pay City of Bulawayo bills
Bulawayo residents can now use telecash to pay their City of Bulawayo bills, in the same way as Harare residents have been able to pay their municipal bills.To do so, they simply need to have ...Published: 09 Jun 2014 at 15:26hrs | 2 | by Staff Reporter
TelOne now accepts telecash payments
It is now possible to pay telephone bills with telecash, following an agreement between Telecel Zimbabwe and TelOne, making it possible to avoid queuing to pay phone bills.Telecash subscribers...Published: 03 Jun 2014 at 09:26hrs | | by Business Reporter
Telecash agents and merchants keep increasing
The number of telecash agents and merchants that have signed up with Telecel now stands at more than 3 000, almost double the number that had been registered when telecash was launched at the end...Published: 28 May 2014 at 11:19hrs | | by Mike Hamilton
Largest supermarket in Zimbabwe opens its doors
The largest supermarket in Zimbabwe by size, Horizon Ivato, will be further expanded to include a fresh produce store and have prices of regionally-produced goods slashed to stay relevant in the ...Published: 15 Apr 2014 at 19:01hrs | 1 | by Staff reporter
Number of Telecash agents, merchants increases from 1 600 to 2 600
The number of Telecash agents and merchants countrywide has increased by a thousand, from 1 600 to 2 600, since the mobile money transfer service was launched by Telecel at the end of January....Published: 19 Mar 2014 at 13:28hrs | | by MHPR
Pick n Pay to open more branches in Zimbabwe
South African retail giant Pick n Pay is expanding its presence in Zimbabwe through its partnership with TM Supermarkets, a subsidiary of Meikles Limited, by investing US$25-million to upgrade the ch...Published: 20 Aug 2013 at 11:19hrs | | by Business reporter
OK Zimbabwe declares a final dividend
OK Zimbabwe board of directors on 7 June 2013 declared a final dividend of 0,40 cents per share payable out of the profits of the company for the year ended 3 I March 2013.The dividend will be...Published: 13 Jun 2013 at 13:31hrs | | by Mafu Sithabile
ZSE shares wades back into negative territory
ZSE shares were back in the red on Wednesday as heavyweight counters Hippo and Innscor traded lower to snap the 5-day rising streak.The Industrials Index...Published: 10 Apr 2013 at 10:59hrs | | by Business reporter
TM Supermarkets invests $25 million in stores refurbishment
TM Supermarkets has invested a further $25m into the retail chain, with the money aimed at transforming its retail outlets through refurbishment of the group's 50 stores across the country.Two...Published: 09 Apr 2013 at 03:22hrs | 2 | by Business reporter
Meikles revenue up 16% in 9 months
Meikles group revenues for the 9 months ended 31 December 2012 increased by 16% compared with the prior period driven by increased volumes and margins, the company said in an Interim management report...Published: 19 Feb 2013 at 09:03hrs | | by Business reporter
Meikles limited - trading update for nine months shows improved turnover
Meikles released an encouraging trading update for the nine months to 31 December 2012 highlighting the recovery in group operations. Turnover for the nine months grew by 16% y-o-y driven by increased...Published: 18 Feb 2013 at 08:37hrs | | by Business reporter
Pick n Pay officially opens second store in Zim
Pick n Pay officially opened its second branded store in Zimbabwe on Thursday, as the company intensifies its African expansion following the recent opening of another branded outlet in Kitwe, Zambia....Published: 13 Dec 2012 at 19:03hrs | 5 | by Tawanda Karombo I Business Day
Meikles to start renovating Vic Fall Hotel in November
MEIKLES Africa Limited says extensive renovations for the Victoria Falls Hotel will commence in November as the hospitality group prepares for the United Nations World Tourism Or...Published: 24 Aug 2012 at 06:31hrs | | by Business Reporter
Pick n Pay expected to propel Meikles
Pick n Pay's first branded store in Zimbabwe is expected to boost the sales of its local partner‚ Meikles‚ which on Thursday reported ...Published: 21 Aug 2012 at 09:27hrs | | by I-Net Bridge
Pick n Pay to open branch in Bulawayo
TM Supermarkets will open one of the first Pick n Pay outlets in the country in Bulawayo under a $13 million capital injection that will see the refurbishing and rebranding of six of its branches....Published: 12 Jun 2012 at 05:09hrs | 3 | by Business Reporter
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