South Africa's Mr Price suspends two senior managers
JOHANNESBURG, Sept 12 (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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