Meikles

What Meikles does

Meikles Limited is a Zimbabwe-based diversified holding company listed on the Zimbabwe Stock Exchange, founded in 1937 and headquartered in Harare. The group operates through four core subsidiaries: TM Pick n Pay, a national supermarket chain operating under a partnership with Pick n Pay South Africa that rebranded the legacy TM Supermarkets business; the Victoria Falls Hotel, a luxury heritage property built in 1904, operated as a joint venture with African Sun and more recently with Emerged Railways Properties; Thomas Meikle Properties (Private) Limited, which owns and manages a portfolio of 23 commercial and residential properties spread across five Zimbabwean cities (Harare, Bulawayo, Mutare, Gweru, and Masvingo); and Meikles Guard Services, a national security guard services provider. The company's prior agriculture business was spun off via the 2022 listing of Tanganda Tea Company on the ZSE.

The group's revenue mechanics span consumer retail through TM Pick n Pay storefronts, hospitality and tourism revenue at Victoria Falls Hotel (a member of The Leading Hotels of the World), rental income from the TMP real estate portfolio, and fee-based security services. Go-to-market is entirely domestic within Zimbabwe, distributed through physical storefronts, hotel operations, property leasing, and security service deployments. The company employs 10,000+ people and is governed by a Board of Directors that underwent a substantial refresh in late 2024, including a new substantive Chairman (Fayaz King) and new Independent, Director, and Finance Director appointments.

Meikles has no disclosed proprietary technology, software platform, AI/ML capability, or digital product surface; the value proposition is anchored in physical infrastructure, heritage brand assets (the 1937-founded Meikles name and the 1904-built Victoria Falls Hotel), and the strategic partnerships with Pick n Pay South Africa and African Sun. The group has continued to declare dividends (Dividend Number 96 by July 2025) and issues regular ZSE filings, including cautionary statements and financial results, consistent with a mature, cash-generative public operating company.

Name

Meikles

Legal name

Meikles Limited

Website

https://meiklesltd.com

Company type

Public

Founded year

1937

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Meikles Limited is a Zimbabwe-listed diversified holding company operating TM Pick n Pay supermarkets, the Victoria Falls Hotel, Thomas Meikle Properties (23 properties across 5 cities), and Meikles Guard Services, serving Zimbabwean retail consumers, tourists, commercial tenants, and security clients.

Ownership category

akta.pro rank

Headquarters

HQ city

Harare

HQ country

Zimbabwe

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales

Distribution channels2 records

Marketing channels2 records

Core offering

Meikles Limited operates a diversified portfolio through four main subsidiaries: TM Pick n Pay, a supermarket retail chain operated in partnership with Pick n Pay South Africa; the Victoria Falls Hotel, a historic luxury hotel operated as a joint venture with African Sun; Thomas Meikle Properties (Private) Limited, which owns 23 properties across 5 Zimbabwean cities (Harare, Bulawayo, Mutare, Gweru, and Masvingo); and Meikles Guard Services, which provides security guard services across Zimbabwe.

Product overview

Meikles Limited is a diversified Zimbabwean holding company listed on the Zimbabwe Stock Exchange. The company operates through four main subsidiaries: TM Pick n Pay (supermarket retail in partnership with Pick n Pay South Africa), Victoria Falls Hotel (luxury hospitality in joint venture with African Sun), Thomas Meikle Properties (commercial and residential property portfolio across 5 Zimbabwean cities), and Meikles Guard Services (security services).

Differentiator

Problem solved

Functional benefit

Brands

• Meikles Foundation: Corporate social responsibility foundation that works with arts, education, prisons, the vulnerable, community centres, endangered animals, and community initiatives. Building a collection of contemporary Zimbabwean works.

Products and services

• TM Pick n Pay

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Emerged Railways Properties (Private) LimitedcoreStrategic or Co-development Partner · 31 December 2024Joint press statement announcing partnership regarding Victoria Falls Hotel - ERP as owners of The Victoria Falls Hotel in partnership with Meikles Limited
• Pick n Pay South AfricacoreStrategic or Co-development PartnerMeikles Limited partnered with Pick n Pay South Africa to rebrand TM Supermarkets to TM Pick n Pay, bringing international retail expertise and brand recognition to Zimbabwe operations
• African SuncoreStrategic or Co-development PartnerJoint venture arrangement with African Sun for the ownership and operation of the Victoria Falls Hotel

Scale indicators2 records

Recent moves8 records

Expansion highlights3 records

Regional players

• Tanganda Tea Company: Tanganda Tea was spun off from Meikles and separately listed on the ZSE in 2022. It is a former sister company in the same Zimbabwean agro-industrial context and an indicator of Meikles' ability to crystallize value via separation.
• Wilderness Safaris: Wilderness Safaris is a leading African luxury tourism and hospitality operator. Comparable to the Victoria Falls Hotel as a regional luxury hospitality play targeting international high-end travellers.

Direct peers

• Dawn Properties: Dawn Properties is a Zimbabwe-listed property company holding commercial and retail real estate. It is a direct peer to Thomas Meikle Properties in the Zimbabwean property segment.
• African Sun Limited: African Sun is the joint-venture partner operating the Victoria Falls Hotel with Meikles and also owns/operates other hotels in Zimbabwe. It is a direct hospitality peer within the same country and asset base.
• Pick n Pay Holdings: Pick n Pay is a South African supermarket group and the strategic partner that co-branded TM Supermarkets to TM Pick n Pay. It is a direct retail-format peer and the principal counterparty shaping Meikles' supermarket strategy.
• OK Zimbabwe: OK Zimbabwe is the largest domestic supermarket competitor to TM Pick n Pay, operating a chain of grocery stores across Zimbabwe with comparable customer base and product mix. It is the most directly comparable peer for Meikles' retail segment.

Broad incumbents

• Massmart Holdings: Massmart is a major Southern African retailer (Game, Makro, Builders Warehouse). Comparable as a broad African retail incumbent whose customer overlap and supply-chain dynamics inform Meikles' retail competitive set.
• Spar Group Limited: Spar operates a large grocery retail footprint across Southern Africa via independently owned SPAR stores. Comparable as a regional supermarket peer competing for the same Southern African consumer basket.
• Shoprite Holdings: Shoprite is Africa's largest food retailer with operations across multiple Southern African markets. It is a broad incumbent in the regional supermarket category that anchors the competitive context for Meikles' retail business.
• Woolworths Holdings: Woolworths Holdings is a South African premium retailer spanning food, fashion and beauty. Comparable to Meikles as a multi-category Southern African retail operator with adjacent property and brand assets.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/TMPicknPayZimbabwe

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Meikles