ZIMBABWE’S in-store exchange rate was “an albatross” for formal retailers that are also tightly squeezed for taxation, Meikles Limited, the Pick n Pay Zimbabwean-listed partner in the TM Supermarkets chain, said last week. Meikles operates Pick n Pay and TM branded stores across Zimbabwe and competes against Zimbabwe Stock Exchange-listed OK Zimbabwe. The big Zimbabwean…
In-store exchange rate ‘an albatross’ for retailers

Thabani Mpofu, the company secretary for Meikles