TM Pick N Pay navigates turbulent terrain

RETAILER, Meikles Limited (Meikles) has enough financial resources to navigate the complex and challenging environment driven by exchange rate induced inflationary pressures, NewsDay Business understands.

In its trading update for its third quarter performance ended November 30, 2024, Meikles revealed that the ZiG devaluation last September led to an inflationary increase in revenue.

“Despite the challenges of the evolving operating environment, the group is optimistic about its prospects,” Meikles said.

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