The new rules are an improvement, but proper implementation is vital, writes Murray Hunter and Cherese Thakur.
More sun than clouds. Cool.
The group says it kept prices unchanged at 2018 levels as part of a strategy to be viewed by consumers as the "people’s value champion".
The retailer is conducting a probe into allegations of non-compliance between two senior staff members and a supplier.
Many investors voted against Mr Price Group's remuneration policy at this week's annual general meeting.
Mr Price Group has lifted its revenue 5.8% to R22.6bn, with retail sales increasing 4.4% , according to the company’s annual financial results for the year ended March 30.
The first quarter of 2019 was painful for investors in many companies which make their money from SA consumers, but the bourse in general didn't share their pain – in part thanks to mining shares.
The rand treaded between R14.17/$ and R14.35/$ during Thursday's session.
Mr Price shares have been changing hands 4.05% firmer at R272.69, after the clothing and homeware retailer recovered from its first earnings drop in 16 years last year.
A weaker rand boosted JSE miners and industrials, as the currency fell to R13.61 against the dollar.
The JSE managed to close the day firmer as retailers led the local bourse higher.
Mr Price has been referred to the National Consumer Tribunal by the National Credit Regulator for being in breach of the National Credit Act.
The JSE's all share index gained 8% in 2019 - but this number belies the diverging fortunes of different sectors.
Mr Price announced the precautionary suspensions of two senior management members pending an internal investigation into their involvement with a supplier.
A tough economic climate put pressure on even discount retailer Mr Price's fashion sales, as customer spending remained constrained, the company said in a trading statement for the first four months of its financial year.
Shares of Mr Price are now tradable on the A2X. This is the retailer's secondary listing, and its issued share capital on the JSE will be unaffected.
Trading updates from Mr Price and Woolworths reflected lower than expected sales volumes during the December holidays.
Superstar rapper Cassper Nyovest has done very well for himself and he is not afraid to flaunt his achievements.
Equity investors see a brightening outlook for SA's clothing sector, which just six months ago was depressed by weak economic growth, subdued consumer confidence and declining earnings, notes Overberg Asset Management.
Retail and financial stocks inched higher on the back of the firmer rand.
The National Credit Regulator has referred Foschini to the National Consumer Tribunal for being in breach of the National Credit Act.
The rand continued to weaken but the local bourse showed improvements as American and British markets were back online.
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