September 12, 2019 / 1:48 PM / in 6 months

South Africa's Mr Price suspends two senior managers

Shoppers walk past South Africa's Mr Price clothing store in Johannesburg, South Africa, May 31, 2019. REUTERS/Siphiwe Sibeko/File Photo

JOHANNESBURG (Reuters) - South African clothing retailer Mr Price Group Ltd said on Thursday two members of the senior management had been suspended as a precaution following allegations of non-compliance with the firm’s code of conduct.

Mr Price, which also sells furniture and home decor, said in the statement that a single supplier was also involved. It did not name the managers or the supplier.

“The allegations do not relate to any financial reporting irregularities, nor do they involve any Executive or Non-Executive Directors,” it said.

The employees had been placed on precautionary suspension while an internal investigation was under way to ensure “this matter is fairly and expediently resolved,” it said.

Reporting by Nqobile Dludla; Editing by Edmund Blair

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