Articles tagged 'meikles'

Meikles unfazed by property auction 9 January 2019 HARARE - Meikles Limited (Meikles) has taken legal overtures in relation to a recent auction of its assets valued at about $1,5 million by a creditor. Thabani Mpofu, Meikles' company secretary, yesterday said Core Solutions last December auctioned off assets relating to Meikles' investments in...
Meikles seeks to defer debt 3 October 2018 HARARE - Hospitality and retail group, Meikles Limited (Meikles) says they are in negotiations with a financial institution to convert short-term borrowings to medium-term loans, while awaiting for the release of its funds held by government. Meikles chairperson John Moxon said the anticipated...
Meikles, govt talks drag 13 September 2018 HARARE - Delays in the finalisation of a settlement agreement between government and Meikles Limited have resulted in the Zimbabwe Stock Exchange (ZSE)-listed concern failing to publish its financial results on time.  The debt accrued in 1998 from transactions related to the group's dual listi...
Meikles profits rise 225 percent 16 July 2018 HARARE - Zimbabwe Stock Exchange listed conglomerate, Meikles Limited, says pretax profits for the year ended March 31, 2018 grew by 225 percent to $19,2 million, from $5,9 million during the prior comparable period in 2017. Revenue increase to $534,9 million during the review period, from $45...
Meikles back in the black 27 November 2017 HARARE - Zimbabwe Stock Exchange-listed conglomerate, Meikles Limited (Meikles), has bounced back to profitability after registering a $3,2 million profit in the half year to September 2017 compared to a loss of $1,4 million in the same period last year. The group's executive chairperson, John...
Meikles, Dubai firm deal aborted 7 July 2017 HARARE - UnitedD Arab Emirates conglomerate Albwardy Investment (Albwardy) has called off its multi-million dollar deal with the Zimbabwe Stock Exchange-listed hospitality concern, Meikles Limited (Meikles). This was after the Dubai firm — owned by billionaire Ali Albwardy — had expressed inte...
ZSE breaches $5bn mark 12 June 2017 HARARE - The Zimbabwe Stock Exchange's market capitalisation last week breached the $5 billion mark for the first time in nearly two years. The local bourse closed the week at $5 179 592 804 buoyed by gains in blue chip counters such as BAT, Delta, Innscor, SeedCo, Meikles and Colcom.  [Goo...
Where to book a table for a memorable New Year 30 December 2016 HARARE - Though many will be trekking to the rural areas for New Year's Day, there is no shortage of fantastic restaurants to try if you have opted to spend your holiday break in the capital, Harare. If you are forgoing home cooking and are looking for somewhere incredible to share a meal on J...
Moxon's Meikles grabs global award 12 September 2015 HARARE - Zimbabwe Stock Exchange listed diversified conglomerate, Meikles Limited (Meikles) has been ranked among top African companies by the World Economic Forum for its sterling contribution in the country. Meikles, a large conglomerate in Zimbabwe with over 100 years of history, is one of ...
Meikles, ZSE talks collapse 11 April 2015 HARARE - Meikles Limited (Meikles) says it is proceeding with its $50 million lawsuit against the Zimbabwe Stock Exchange (ZSE) after talks of reconciliation between the two parties reached a deadlock. In an update to shareholders on Thursday, Meikles chairman John Moxon said the company had m...
Companies must emulate Meikles 23 March 2015 HARARE - While the decision by Thomas Meikles Stores to lay off about 150 workers countrywide was naturally met with resistance, their decision to pay packages upfront is highly commendable given that most companies which are retrenching have failed to pay off their workers. Zimbabwe is faced ...
Meikles pays workers $600k for layoffs 21 March 2015 HARARE - Meikles Limited subsidiary, Thomas Meikles Stores, has set aside $600 000 towards the laying off of 150 staff members as part of its restructuring plans following the closure of a number of their stores countrywide. The group has since 2012 closed Greatermans and some Meikles stores a...
ZSE challenges Meikles' $50m lawsuit 19 March 2015 HARARE - The Zimbabwe Stock Exchange (ZSE) has challenged the $50 million lawsuit that was filed against the local bourse by diversified conglomerate Meikles Limited (Meikles), businessdaily has learnt. Alban Chirume, the ZSE chief executive, said his organisation lodged an appearance to defen...
Moxon comes out 'guns blazing', plans to engage govt 3 March 2015 HARARE – Meikles Limited (Meikles) has come out “guns blazing” against the Securities Exchange Commission of Zimbabwe (SEC) over transparency issues related to Mentor Limited (Mentor), with the group threatening to petition government over the unending saga. This comes as the diversified group...
Meikles slaps ZSE with $50m lawsuit 28 February 2015 HARARE - In a new twist to the Meikles Limited (Meikles) and Zimbabwe Stock Exchange (ZSE) wrangle, the hospitality group has sued the Alban Chirume-led bourse for $50 million in “delictual damages for patrimonial loss” arising from the $90 million-debt debacle. This comes after the company ha...
'Damaging agendas' behind RBZ debt saga: Meikles boss 27 February 2015 HARARE - Meikles Limited  (Meikles) executive chairman John Moxon claims there are elements with “negative agendas” behind the group's saga involving its nearly $90 million debt owed by Reserve Bank of Zimbabwe (RBZ). This comes as Meikles was suspended from the Zimbabwe Stock Exchange (ZSE) o...
Meikles given 7-day ultimatum 25 February 2015 HARARE - The Zimbabwe Stock Exchange (ZSE) has given Meikles Limited (Meikles) a seven-day ultimatum to “respond to issues” concerning overstatement of its $90 million debt owed by the central bank. This comes as the diversified group's week-long suspension from the bourse was lifted on Monday...
ZSE lifts Meikles suspension 24 February 2015 HARARE - The Zimbabwe Stock Exchange (ZSE) yesterday lifted Meikles Limited (Meikles)'s suspension from trading on the local bourse after baulking at the conglomerate's High Court challenge.
ZSE suspends Meikles 17 February 2015 HARARE - Meikles Limited (Meikles) has been suspended from the Zimbabwe Stock Exchange (ZSE) amid reports that the bourse is probing the group's financials for the year to March 2014, particularly disclosure of its Reserve Bank of Zimbabwe debt. The suspension is with effect from February 16, ...
Zim approves Meikles' foreign mining partner 1 December 2014 HARARE - The Indigenisation ministry and Reserve Bank of Zimbabwe (RBZ) have approved Guernsey-based resources firm, Centar Plc, to partner Meikles in its mining venture. This comes as the joint venture, Meikles Centar Mining, plans to invest $100 million in chrome mining after acquiring a 75 ...
RBZ reviews Meikles TBs 18 October 2014 HARARE - The Reserve Bank of Zimbabwe (RBZ) has reviewed terms and conditions of the $49,6 million Treasury Bills (TBs) issued to Meikles Limited (Meikles) to make them attractive on the market. The TBs had been issued to settle a $90,8 million debt owed to Meikles since 1998. John Moxon, M...
Hair business booming 13 October 2014 HARARE - If there is any business that is doing well in Zimbabwe at the moment when the economy is declining, it has to be the hair industry. Recent statistics from the Zimbabwe Statistics Agency (Zimstats) show that local women spent $13 million on hair and hair products between January 2013 ...
Meikles ventures into hair, beauty industry 8 October 2014 HARARE - Listed Meikles Limited (Meikles) is venturing into the hair and beauty industry, as the group broadens its revenue streams. Zimbabwe hosts a multi-million dollar hair and cosmetics industry, with locals spending $13 million on products, care and maintenance in the 18 months to July 20...
Meikles to inject $4m into retail division 7 October 2014 LISTED Meikles Limited (Meikles) plans to inject $4 million into its retail division following repayment of its debt by the Reserve Bank of Zimbabwe recently. The group said the fresh capital injection will see its retail division — comprising Meikles Stores, Barbours and Meikles Mega Market —...
DeMbare thrash Bosso again! 8 September 2014 HARARE - Any hope of redemption from an eight-year wait to beat Dynamos came to naught here yesterday as Highlanders fell to a morale-dampening 4-1 defeat that saw the Harare giants lift the TM Pick n Pay Challenge Cup. DeMbare walked away $60 000 richer with a compelling victory over their ar...