Mr Price Group Ltd

Certain of our executives and non-executives are actively involved in various business and industry groups, at local and central government levels, to assist in bringing about positive change so desperately needed. We will fund these endeavours – both with time and financially - as we fight for a brighter future for all South Africans and help guide government to create the right environment for people and business to prosper. As always, our robust strategic planning process will evaluate changes in the landscapes where we trade, and, if necessary, react thereto. [...] The group's CEO serves as the chairperson for the National Clothing Retail Federation (NCRF) which represents the interests of clothing retailers in South Africa and focuses on and addresses matters that impact the sustainability of retailers and suppliers, ensuring that retailers can provide value products to its consumers.

The CEO serves as a member of the Executive Oversight Committee, chaired by the minister of Trade, Industry and Competition, Minister Ebrahim Patel. In addition, the group allocated key resources to support implementation, as the Retail-CTFL Master Plan aligns to the group's objective to build a sustainable and competitive value chain.

Certain of our executives and non-executives are actively involved in various business and industry groups, at local and central government levels, to assist in bringing about positive change so desperately needed. We will fund these endeavours – both with time and financially - as we fight for a brighter future for all South Africans and help guide government to create the right environment for people and business to prosper. As always, our robust strategic planning process will evaluate changes in the landscapes where we trade, and, if necessary, react thereto. [...] The group's CEO serves as the chairperson for the National Clothing Retail Federation (NCRF) which represents the interests of clothing retailers in South Africa and focuses on and addresses matters that impact the sustainability of retailers and suppliers, ensuring that retailers can provide value products to its consumers.

The board is ultimately responsible for the governance of ethics. The board delegates ethics oversight to the SETS Committee, which sets the tone for an ethical culture and behaviour by approving the code of conduct and related policies. The committee assists the board by overseeing the group's conduct and approach to ethics by ensuring that business is conducted in a manner which supports the group's intent to be a responsible corporate citizen. This committee in turn delegates the implementation and management of ethics to senior management. In addition, the committee has the statutory obligation to perform its duties in terms of the Companies Act and its mandate to monitor the group's activities, having regard to any relevant legislation, other legal requirements or prevailing codes of best practice. [...] The group's commitment to remain politically neutral is stated in the code of conduct as well as a commitment to not use group funds, facilities, goods or services to influence political process. Zero financial or in-kind contributions were paid to any political parties or candidates during this reporting period. The group participates in forums where there is a material impact on the group, through industry bodies such as the National Clothing Retail Federation, the Retail Association and Business Unity SA (BUSA).

The board is ultimately responsible for the governance of ethics. The board delegates ethics oversight to the SETS Committee, which sets the tone for an ethical culture and behaviour by approving the code of conduct and related policies. The committee assists the board by overseeing the group's conduct and approach to ethics by ensuring that business is conducted in a manner which supports the group's intent to be a responsible corporate citizen. This committee in turn delegates the implementation and management of ethics to senior management. In addition, the committee has the statutory obligation to perform its duties in terms of the Companies Act and its mandate to monitor the group's activities, having regard to any relevant legislation, other legal requirements or prevailing codes of best practice. [...] The group's commitment to remain politically neutral is stated in the code of conduct as well as a commitment to not use group funds, facilities, goods or services to influence political process. Zero financial or in-kind contributions were paid to any political parties or candidates during this reporting period. The group participates in forums where there is a material impact on the group, through industry bodies such as the National Clothing Retail Federation, the Retail Association and Business Unity SA (BUSA).