Mr Price shares jumped 11% on Thursday after the South African budget fashion retailer posted a smaller than expected drop in first-half profit and forecast an improved performance in the second ...

South Africa's Mr Price , a budget fashion and homeware retailer, reported on Thursday a 6.7% rise in full-year earnings, but warned local supply chain challenges will add pressure in the short term.

Diluted headline earnings per share, a key profit measure in South Africa, rose to 13.79 rand, while operating profit grew 8.9% to 5.8 billion rand ($327 million) in the 52-week period ended March 29.

South African retailer Mr Price Group Ltd said it had bought a controlling stake in apparel retailer Studio 88 Group in a 3.3 billion rand ($228 million) deal, as it looks to expand in urbanwear ...

Mr Price Group has developed a successful retail formula in South Africa that could work well in markets across Africa. The majority of Mr Price’s 1000-plus stores are in South Africa, but it also has ...