Zim losses weigh on Pick n Pay

TM Supermarkets operates through a joint venture structure between Pick n Pay and its parent company Meikles Limited.

SOUTH AFRICAN retailer Pick n Pay says continued losses at its Zimbabwean associate, TM Supermarkets, remained a drag on group earnings during the year ended March 1, 2026, despite the reduction in the prior year’s deficit. In its full-year financial results statement, Pick n Pay said its 49 percent investment in TM Supermarkets has remained…

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