BULAWAYO, October 17 (The Source) – South African retailer Pick n Pay says its Zimbabwe associate TM Supermarkets performance boosted the group’s half year revenue for its Rest of Africa division which increased by 12.6 percent to R2.3 billion ($170 million).
HARARE, April 19 (The Source) – South Africa’s retail giant Pick n Pay says its Zimbabwe associate, TM Supermarkets (TM), delivered a strong 75 percent earnings growth in the full year to February 26 despite a tough macroeconomic environment marked by poor liquidity, rising unemployment… Read More
By Simbarashe Zishiri, HARARE, November 21 (The Source) – Zimbabwe’s macroeconomic environment is worsening but for retail business, it continues to offer more business opportunities, higher revenues and profitability. After its recent travails, OK Zimbabwe this month announced a good set of financials, coming off… Read More
HARARE, April 26 (The Source) – South Africa’s Pick n Pay Stores Limited saw a 150 percent profit jump from its Zimbabwean associate, TM Supermarkets, driven by a strong US dollar and improved efficiencies, the group said on Tuesday. Pick n Pay owns 49 percent… Read More
BULAWAYO, April 21 (The Source) – South African retail giant Pick n Pay will invest over R5 billion ($412,4 million) in the next two years as part of its African expansion programme, including in Zimbabwe aimed at further strengthening the balance sheet and financial performance… Read More