Meikles hails improved trading conditions

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 (Meikles) says the repeal of Statutory Instrument (SI) 81A, which compelled formal retail­ers to price goods at the official interbank ex­change rate, has resulted in greater pricing flex­ibility and improved trading conditions. The group, which operates the TM Pick n Pay supermarket chain, said the regulatory change had immensely supported customer spending at…

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