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 [...]
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 [...]
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 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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Meikles Limited's associate, Mentor Africa's The Cape Grace in the V&A Waterfront, Cape Town, has been named second Best Hotel in the World, in the Best Hotels in the World category, in the annual Tripadvisor Traveler’s Choice Awards as selected by Tripadvisor users.
Mentor Africa, an associate company of Meikles Limited, with interests in hospitality, catering, financial services and efficient energy sectors, all in South Africa. The Newrest Group and Mentor Africa recently announced the formation of a new, jointly-owned inflight catering services group in South Africa. A new company called dnataNewrest will be formed by Wings Inflight [...]