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Pick n Pay rakes big from Zim unit

SOUTH African retail giant Pick n Pay (PnP) earned a staggering R116,3 million (approximately US$8,6 million) from its Zimbabwean associate — TM Supermarkets (TM) — in the 52 weeks to February 25, 2018, the concern’s financials have revealed. PnP holds a 49 percent stake in TM (rebranded TM PnP) — owned by Zimbabwe Stock Exchange-listed […]

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