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…
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.