Meikles’ hospitality assets disposal talks continue

The group, which operates the TM Pick n Pay supermarket chain, said the regulatory change had immensely supported customer spending at its stores, although demand remained con­strained by subdued disposable incomes.

MEIKLES Limited says negotiations over the disposal of its remaining hospitality assets are still ongoing, with the company expected to seek shareholder approval for the proposed transaction at an extraordinary general meeting to be convened in due course. The group, in its latest update to shareholders said discussions remain in progress following earlier announcements regarding…

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