Share

Mr Price suspends two senior managers amid misconduct allegations

Mr Price [JSE:MRP] has announced the precautionary suspensions of two senior management members pending an internal investigation into their involvement with a supplier.

The announcement came through the SENS wire service on Thursday afternoon.

None of the allegations the employees were suspended for had to do with financial reporting irregularities, according to Mr Price.

"In accordance with the Company’s standard disciplinary processes, these employees have been placed on precautionary suspension while an internal investigation is underway to ensure this matter is fairly and expediently resolved," the SENS announcement said.

In the SENS announcement, Mr Price board chair Nigel Payne said: "The Group takes compliance with its code of conduct very seriously and considers this integral to its values".

The SENS announcement gave no further details on the precautionary suspensions. At 15:07 on Thursday, Mr Price shares were trading at R169.99, down 0.30%.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.92
-0.1%
Rand - Pound
23.89
-0.0%
Rand - Euro
20.44
+0.1%
Rand - Aus dollar
12.35
+0.0%
Rand - Yen
0.13
-0.1%
Platinum
909.30
+1.4%
Palladium
1,015.00
+1.3%
Gold
2,221.01
+1.2%
Silver
24.85
+0.8%
Brent Crude
86.09
-0.2%
Top 40
68,346
+1.0%
All Share
74,536
+0.9%
Resource 10
57,251
+2.9%
Industrial 25
103,936
+0.6%
Financial 15
16,502
-0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders