ZSE Halts Meikles shares trading amid row

John Moxon

Meikles Limited shares have been halted from trading on the Zimbabwe Stock Exchange for a period of up to one hundred and eighty days (180) to allow the company to address some corporate governance issues.

The suspension is effective the 26th of November 2024.

The company has recently been in turmoil following major shareholder John Moxon’s (48.38%) complain about being sidelined when the board approved the decision to fire then Chief Executive Officer, Malcolm Mycroft and replacing him with his son, Matthew Moxon.

He is opposed to both the dismissal and appointment. The board met when he was not feeling well and hospitalised.

The major shareholder has come out guns blazing calling for the disbandment of the board at a shareholder meeting slated for 18 December 2024.

The suspension will be lifted once the governance issues are resolved.

John Tanyanyiwa

Business

FIRST MUTUAL HOLDINGS LIMITED RECORDS 222% PROFIT GROWTH TO US$19.8 MILLION IN HALF YEAR TO 30 JUNE 2026

First Mutual Holdings Limited has reported a strong financial performance for the half year ended 30 June 2026, posting a profit after tax of US$19.8 million, a significant increase from US$6.2 million recorded in the prior comparative period, representing a 222 percent growth. The performance, contained in the Group’s abridged unaudited financial results, reflects a […]

Read More
Business

TSL Limited Posts 8% Revenue Growth To US$42.9 Million On Strong Agriculture And Logistics Performance

TSL Limited recorded 8 percent revenue growth to US$42.9 million for the nine months ended 31 July 2026, up from US$39.8 million in the prior year, with operating profit before tax also rising 8 percent to US$12.9 million despite a mixed operating environment. In a trading update, the company said the environment remained relatively stable […]

Read More
Business

Rainbow Tourism Group Delivers 13% Revenue Growth To US$50.3 Million As Foreign Currency Earnings Jump 28%; Declares US$2.8 Million Dividend

Rainbow Tourism Group Limited has delivered a resilient performance for the financial year ended 31 December 2025, with revenue growing by 13 percent to US$50.3 million from US$44.4 million in 2024, underpinned by commercial diversification, cost leadership and a record capital investment programme. In his Chairman’s statement, Douglas Hoto said the Group maintained a stable […]

Read More