Harare - Meikles Africa, Pick n Pay's Zimbabwean partner in the country's TM Supermarkets, has put on hold new investment and a possible listing of a subsidiary after the suspension of its shares from trading on the Zimbabwe Stock Exchange (ZSE), its executive chairperson said.
READ: Pick n Pay’s Zim partner suspended
The stock exchange suspended hotel group Meikles, which owns two premier hotels in Harare and the resort town of Victoria Falls, last week to allow for an investigation on whether it overstated a debt owed by the central bank.